A major part of the sultanate’s ongoing economic development efforts hinges on a series of key port projects that are set to see significant new investment in the coming years. These initiatives imply new potential for several of Oman’s robust insurance lines of business – from construction and engineering, to marine and hull. Meanwhile, recent...
The motor segment dominates general insurance in the Omani market. Alpen Capital’s 2011 “GCC Insurance Report” showed 62% of all insurance business activity in the sultanate going to motor coverage. Faced with the dominance of the motor segment in the sector, the industry regulator, the Capital Markets Authority (CMA), has recently moved to...
Both on the technical and governmental sides, Oman’s capital markets have seen some important changes recently. Regulators have moved to install the latest technical and regulatory systems alongside the most up-to-date practices in corporate governance. On the former agenda, the Muscat Clearing and Depository Company (MCDC) has been leading the...
With participants showing strong growth in a highly competitive market, the sultanate’s insurance sector is now experiencing a period of both vertical and horizontal expansion. Stronger regulatory requirements on solvency and governance are also on the way, while a major new element, Islamic insurance – ...
These are exciting times for Oman’s capital markets, as a number of recent initiatives aimed at broadening activity are coming into play. The introduction of Islamic finance will likely have an energising effect, as will new systems and standards governing the markets’ daily operations. At the same time, establishing Oman as a regional and...
The period of 2011-12 saw a raft of new legislative and regulatory measures in the sultanate, alongside efforts to develop the financial and capital markets. Oman has now begun its eighth five-year plan, which runs from 2011 to 2015. This strategic programme is aimed at bringing the country towards the goals outlined in its long-term development...
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