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16/02/2014 09:28 AST
A memorandum of understanding (MoU) was signed between Dhofar Insurance Company and Munich Health Daman Holding for forming a joint venture company specialised in health insurance in Oman, said a disclosure statement posted by Dhofar Insurance on MSM website.
If everything goes well, it will be the first specialised health insurance company in Oman.
In fact, Oman government actively considered a plan for introducing compulsory healthcare insurance for expatriate workers in the corporate sector few years ago, but no decision has been taken so far.
Cashless scheme
Employee medical insurance is a cashless scheme wherein the insurance company, which ties up with a network of hospitals/polyclinics, gets volume business and the employees of its corporate clients get access to cashless healthcare facilities. Once the company pays its group medical premium, there is no administrative work for the company and all worries related to employee healthcare would rest with the insurance company and the concerned hospital.
Authorities will have to monitor the private hospitals and polyclinics to check malpractices, before making group medical insurance mandatory. Private health centres have to be better regulated and corporate governance should be introduced there. More than 10 local companies and several multinational firms are currently offering employee group medical insurance to the sultanate's corporate clients.
Times of Oman
27/04/2014
Dhofar Insurance Co has reported a five per cent growth in net profit to RO1.66mn for the first quarter ended March 31, 2014, compared with a net profit of RO1.58mn for the corresponding period of th
Muscat Daily
07/03/2013
The court of appeal supported the decision of the disciplinary committee of CMA imposing a fine of R.O. 5000 on Dhofar Insurance Company for violation of some of the rule pertaining to the convene of
Press Release
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04/02/2026
Saudi utility giant Acwa Power has announced that its consortium - Gulf Alliance for Power and Water - has signed an energy conversion and water purchase agreement for the Az-Zour North Phase 2 & 3
Trade Arabia
04/02/2026
Aldar and Mubadala Investment Company have completed a strategic joint venture to create a premier retail platform that will anchor the next phase of Abu Dhabi's evolution as a global destination for
Trade Arabia
04/02/2026
Saudi Aramco raised $4 billion through a multi-tranche bond sale, extending its run of international debt offerings as the world's largest oil exporter taps strong investor appetite for Gulf investme
Arab News
03/02/2026
As part of its ongoing commitment to community engagement, Gulf Bank organized an interactive workshop titled "From Farm to Table", as part of its sustainability workshop series aimed at raising envi
Kuwait Times
03/02/2026
Vodafone Qatar reported a net profit of QR702mn in 2025, reflecting 16.8% year-on-year (y-o-y) increase, mainly driven by solid revenue growth and sustained cost discipline.
Total revenue in
Gulf Times
Financial Information Co.
Saudi Arabia