Oman’s workforce to get health insurance

Companies in Oman will be obligated to provide their staff with health insurance. (Shutterstock)
Updated 16 July 2018
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Oman’s workforce to get health insurance

  • The mandatory health insurance will cover residents, expatriates as well as visitors entering the country
  • There were no details given as to when the insurance would be introduced

DUBAI: Companies in Oman will be obligated to provide their staff with health insurance, according to a statement released by Oman’s Capital Market Authority, local daily Times of Oman reported.
“The decision aims at meeting the needs of the employees of the private sector relating to coverage of basic health, to limit the high cost to employers in the private sector, in view of the current economic situation, in addition to providing quality services by the insurance companies and health care unit to the insured,” the statement read.
The mandatory health insurance will cover residents, expatriates as well as visitors entering the country.
There were no details given as to when the insurance would be introduced.


Riyadh Future Investment Initiative summit on schedule for next week

Updated 15 October 2018
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Riyadh Future Investment Initiative summit on schedule for next week

  • Future Investment Initiative to go ahead despite ‘disappointing’ withdrawals.
  • It will be held in Riyadh from Oct. 23 to 25.

RIYADH: Officials and business leaders including US Treasury Secretary Steve Mnuchin, IMF Managing Director Christine Lagarde and JPMorgan Chase CEO Jamie Dimon are set to attend an investment summit in Saudi Arabia next week.
The Future Investment Initiative (FII) is going ahead despite the “disappointing” withdrawal of some speakers and partners.
It will be held in Riyadh from Oct. 23 to 25.
“Despite the disappointing withdrawal of some speakers and partners, we look forward to welcoming thousands of speakers, session managers and guests from around the world,” an FII spokesman said in a statement quoted by Asharq Al-Awsat.
An earlier statement gave an overview of the event, saying that “investing in transformation,” “technology as opportunity” and “advancing human potential” are among the FII’s broad themes.
Mohammed Khunaizi, a Shoura Council member, said that government and business leaders will map out a “collective vision for future” at the event.
“The FII conference has emerged as the largest investment event of its kind in the Middle East, which offers opportunities for billions of dollars in business deals besides being an educative forum,” he said.
JPMorgan chief Dimon has been quoted in media reports as saying: “I am looking forward to attending the Future Investment Initiative in Riyadh to discuss innovation in technology and what it means to all of us.”
Sami A. Al-Rajhi, a Saudi business executive, said: “The FII seeks to further explore how investment will drive growth opportunities regionally and globally.
“The event will help to bring many business opportunities to the country in particular and to the Middle East in general, which will support job creation, innovation and unlock economic opportunities.”