logo
Oman: Dhamani ranked 5th globally in e-government innovation

Oman: Dhamani ranked 5th globally in e-government innovation

Zawya09-07-2025
Muscat – National Health Insurance Platform – Dhamani – developed by Financial Services Authority (FSA) has been ranked fifth globally in the E-Government IT Applications category at the World Summit on the Information Society (WSIS) Forum 2025 held in Geneva, Switzerland.
Dhamani made it to the final round alongside 360 shortlisted projects from 972 global entries.
Designed to streamline communication between insurance providers and private healthcare institutions in the sultanate, it facilitates secure exchange of health insurance data and claims. It also enables creation of a unified medical file for each policyholder, improving data accuracy and access while enhancing service efficiency.
Sheikh Abdullah Salem al Salmi, Executive President of FSA, said the international recognition affirms Dhamani's contribution to advancing health insurance operations in the sultanate. 'This achievement reflects the progress made in Oman's health insurance ecosystem. Dhamani allows for the secure transfer of data, processing of approvals and settlement of claims,' he stated.
The platform uses a unified coding system for medical prescriptions and archives patient histories across all participating healthcare providers. Salmi noted that these features have improved both the quality and speed of service delivery and increased transparency within the healthcare and insurance sectors. 'This enhances investor confidence in the private healthcare market,' he said.
By the end of June 2025, more than 4.2mn health insurance transactions had been processed through Dhamani, with an average of 40,000 transactions every day. Around 700,000 claims were submitted by private hospitals via the platform, generating RO3.5mn in insurance settlements. Additionally, 1.4mn medical approvals were processed through the system.
All licensed insurance firms in Oman are now integrated with Dhamani, connecting 33 private hospitals, 37 health complexes, 20 clinics and 33 specialist centres which are Ministry of Health approved.
The platform currently serves more than 650,000 policyholders, with full nationwide integration of private healthcare providers expected by early August.
This latest recognition follows Oman's first-place award at the WSIS Forum in 2024 for its Bayanat platform in the E-Business category. Bayanat is a digital platform managed by FSA that oversees financial and non-financial data disclosures by listed entities on Muscat Stock Exchange.
© Apex Press and Publishing Provided by SyndiGate Media Inc. (Syndigate.info).
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Dollar forges higher as Trump releases new tariff barrage
Dollar forges higher as Trump releases new tariff barrage

Zawya

time6 hours ago

  • Zawya

Dollar forges higher as Trump releases new tariff barrage

LONDON - The dollar headed for its strongest weekly performance in almost three years against other major currencies, maintaining momentum on Friday after U.S. President Donald Trump imposed new tariff rates on dozens of trade partners. Some of the currencies of the countries that were hit the hardest, such as Switzerland, which now faces a 39% rate, fell sharply. The Swiss franc touched its weakest in six weeks, while the Canadian dollar headed for a seventh straight weekly loss. The dollar also gained against other currencies due to drivers other than tariffs. The yen headed for its largest weekly loss this year after the Bank of Japan signalled it was in no hurry to resume interest rate hikes, prompting Finance Minister Katsunobu Kato to say on Friday that officials were "alarmed" by currency moves. Friday also brings the monthly U.S. employment report, which is expected to show 110,000 workers were added to nonfarm payrolls in July. A large part of the dollar's strength this month has come from the perception among investors that Trump's tariffs have not derailed the economy and, so far, have not drastically lifted inflation. The Federal Reserve, despite pressure from Trump on Chair Jerome Powell to cut rates, has indicated it is in no rush to do so. Friday's payrolls report may not move the needle much on that assumption, even if a weaker reading elicits some selling of U.S. assets like the dollar, according to IG strategist Chris Beauchamp. "Fundamentally the U.S. economy is okay, it's not in the most wonderful place, tariffs will hurt a little bit and the market looks like it could be vulnerable in the short term to more selling, simply as an excuse to take some money off the table to sit it out and wait and see what happens," he said. "You'd have to have a lot of very bad data in a very short period of time between now and September to revive the corpse of a September rate cut," he said. The dollar index, which tracks the U.S. currency against a basket of six others, is on course to rise 2.4% this week, its best weekly performance since a 3.1% rally in September 2022. It was last up 0.1% at 100.13, its highest since late May. TARIFF HITS The Swissie fell against a range of currencies, surrendering its habitual safe-haven label in the face of a selloff in stocks and commodities, in response to Trump's hefty duties and to his demand that pharma companies - key Swiss exporters - lower the prices at which they sell to U.S. consumers. The dollar rose by as much as 0.6% to a high of 0.8173 francs, the most in six weeks, while the euro gained 0.5% to trade at 0.932 francs. The yen, another classic safe-haven currency, was last a touch stronger on the day against the dollar, which fell 0.15% to 150.545 yen, having earlier traded at its strongest since late March. The dollar also advanced on the Canadian dollar, up 0.13% at the day's high of $1.38735, after Canada was hit with a 35% tariff, instead of the threatened 25%. The euro remained pinned near an almost two-month low around $1.1408, as it continues to be weighed down by what markets see as a lopsided trade agreement with Washington. "In the short-term, you can make the case for more dollar strength," said Mike Houlahan, director at Electus Financial in Auckland. "The lion's share of the tariff news has washed through." "The big move of the week has really been the euro getting re-rated downwards," he said. "The net result would be the EU-U.S. trade deal is a further headwind for the euro." The EU's framework trade agreement with the U.S., struck on Sunday, was quickly criticized by French leaders and the German head of the European Parliament's trade committee as being unfair for Europe.

European shares slide to 4-week lows as US slaps tariffs on dozens of countries
European shares slide to 4-week lows as US slaps tariffs on dozens of countries

Zawya

time9 hours ago

  • Zawya

European shares slide to 4-week lows as US slaps tariffs on dozens of countries

European stocks hit a 4-week low on Friday at the end of a busy week as investors worried about the impact of fresh U.S. levies on dozens of countries, including a 39% tariff on Switzerland. Trump continued his tariff blitz, announcing steep levies on exports from dozens of trading partners including Canada, Brazil, India and Taiwan with countries not listed subject to a base 10% rate ahead of a Friday trade deal deadline. Healthcare stocks dropped 1.6% after U.S. President Donald Trump sent letters to the leaders of 17 major pharmaceutical companies, including Novo Nordisk and Sanofi, outlining how they should slash U.S. prescription drug prices. Denmark-listed Novo Nordisk shed 4.9%, falling to an almost four-year low. Shares of the Wegovy-maker are also set for the steepest-ever weekly fall. "Trump is trying to force these foreign companies to reduce the cost of drugs and medicines exported to the U.S. in order to balance the cuts in subsidies with the big beautiful bill," said Mabrouk Chetouane, head of Global Market Strategy at Nataxis Investment Managers. "I think the pressure will be extremely strong on the healthcare sector because the U.S. is clearly one of the markets where margins are quite significant." The pan-European STOXX 600 index fell 1.3% by 0915 GMT, down for the third straight session and on track to end the week in the red. The benchmark index has slipped 4.4% from its March peak, after coming within 2% of that level earlier this week, dragged down by a record plunge in Novo Nordisk shares following a profit warning, and as investors assess the implications of the U.S.-EU trade deal. Germany's blue-chip DAX shed 1.7%, while Denmark's OMXC fell 3% to a nearly two-year low. Most regional bourses were in the red. Stock markets in Switzerland were shut for a holiday. Among individual stocks, Italy's Campari was the top gainer on the STOXX 600 index, adding 6.7% after reporting an increase in second-quarter operating profit. UK's Melrose Industries' shares rose 6.4% and ranked among the top gainers after the defense company beat analysts' operating profit expectations on strong demand. British Airways owner IAG shares dropped 1.8% after rising in early trade on quarterly earnings, after the airline group said it expected a slight rise in costs linked to air traffic control issues. A latest survey showed euro zone manufacturing moved closer to stabilization in July, giving further credence to European Central Bank's modestly upbeat assessment of the economy last week. Eyes will be on U.S. payrolls data slated for later in the day after euro zone inflation held steady at ECB's 2% target in July. Investors have pared bets on ECB rate cuts, placing only a 44% chance of another quarter-point move by December. (Reporting by Twesha Dikshit and Medha Singh; Editing by Mrigank Dhaniwala and Shinjini Ganguli)

Oman: FSA denies minimum price hike for vehicle insurance
Oman: FSA denies minimum price hike for vehicle insurance

Zawya

time11 hours ago

  • Zawya

Oman: FSA denies minimum price hike for vehicle insurance

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. © Apex Press and Publishing Provided by SyndiGate Media Inc. (

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store