Muscat – The Financial Services Authority (FSA) has responded to recent concerns circulating on social media regarding alleged increases in the minimum prices of vehicle insurance by some insurance companies. In an official statement, the FSA clarified that no approval has been granted to raise the minimum pricing levels for vehicle insurance. The authority emphasized […]
Muscat – The Financial Services Authority (FSA) has responded to recent concerns circulating on social media regarding alleged increases in the minimum prices of vehicle insurance by some insurance companies.
In an official statement, the FSA clarified that no approval has been granted to raise the minimum pricing levels for vehicle insurance. The authority emphasized its ongoing role in monitoring insurance pricing to maintain price stability within safe and appropriate limits.
The FSA reaffirmed its adherence to the principle of a free market, noting that insurance pricing is determined by several factors, including supply and demand dynamics, the performance of insurance portfolios, and profitability levels. It stated that any change in insurance tariffs must be communicated to the Authority with valid justifications before implementation.
The Authority urged policyholders and the public to rely on its official social media channels for accurate and updated information on the insurance market. As the regulatory and supervisory body for Oman’s financial non-banking sector, the FSA continues to monitor market practices to ensure fairness and transparency.
Jabal Akhdar – Dakhliyah authorities are advancing plans to transform Jabal Akhdar into a hub for integrated agricultural and eco-tourism development with new investment projects announced during a high-level meeting held last week in the wilayat. Chaired by Sheikh Hilal bin Saeed al Hajri, Governor of Dakhliyah, the meeting brought together Sheikh Sultan Mansour al […]
Jabal Akhdar – Jabal Akhdar Festival 2025 officially opened on Friday at Celebrations Square under the patronage of Sheikh Sabaa bin Hamdan al Saadi, Secretary-General of National Celebrations Committee. The event was attended by officials, private sector representatives and members of civil society. Organised to stimulate domestic tourism and promote Jabal Akhdar’s natural and cultural […]
Ibra – A student-led initiative aimed at raising awareness about the cultural and economic importance of the date palm tree was held on Friday in Samad al Shan, in the wilayat of Mudhaibi, North Sharqiyah. Titled ‘The Palm Tree: A Heritage Throughout History’, the event brought together more than 50 male and female students from […]
Salalah – The third Omani-Chinese Friendship Forum was held in Salalah last week focusing on strengthening strategic partnership and expanding avenues of cooperation and investment between Oman and China. Organised under the theme ‘Chinese Modernisation and Oman Vision 2040: Our Work and Proposals’, the forum was a joint initiative of Al Roya newspaper, the Chinese […]
North Sharqiyah -The Environment Authority in North Sharqiyah governorate has documented a major sighting of over 300 endangered Egyptian vultures in the wilayat of Dima Wa al Taien, marking one of the largest recorded gatherings of the species in the region. According to Saif bin Habib al Naabi, Environmental Systems Supervisor, this rare occurrence underlines […]
Muscat – The Sultanate of Oman has welcomed the recent announcements by the Prime Ministers of Canada and Malta regarding their intention to formally recognize the State of Palestine. In a statement issued on Wednesday, the Ministry of Foreign Affairs said Oman views this diplomatic development as a significant and concrete step toward affirming the […]
Major agri-tourism projects on the anvil in Jabal Akhdar
Month-long Jabal Akhdar Festival 2025 opens
Omani students reconnect with date palm heritage in Mudhaibi
Oman, China explore deeper ties at Salalah forum
Over 300 endangered Egyptian Vultures spotted in Dima Wa al Taien
Oman welcomes Canadian and Maltese recognition of Palestinian State