MUSCAT, JUNE 14 The Sultanate of Oman’s move towards expanding the use of smart meters in the water sector represents a significant step in its efforts to enhance the efficiency of natural resource management and improve public spending. The adoption of these technologies is part of Oman’s broader economic diversification efforts, where improving the efficiency […]
Muscat: The Financial Services Authority (FSA) has issued a circular requiring all insurance companies licenced to provide motor insurance in Oman to maintain a minimum level of electric vehicle (EV) insurance underwriting relative to the size of their motor insurance portfolios. Under the circular, insurers must ensure that EV insurance policies account for no less […]
Muscat: The Financial Services Authority (FSA) has issued a new circular requiring all insurance companies licensed to provide motor insurance in Oman to maintain a minimum level of underwriting for electric vehicles (EVs), as part of efforts to support the country’s transition towards clean energy and evolving automotive trends. Under the circular, insurers must ensure […]
