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Find out moreWelcome to this edition of Law Update, where we focus on the ever-evolving landscape of financial services regulation across the region. As the financial markets in the region continue to grow and diversify, this issue provides timely insights into the key regulatory developments shaping banking, investment, insolvency, and emerging technologies.
2025 is set to be a game-changer for the MENA region, with legal and regulatory shifts from 2024 continuing to reshape its economic landscape. Saudi Arabia, the UAE, Egypt, Iraq, Qatar, and Bahrain are all implementing groundbreaking reforms in sustainable financing, investment laws, labor regulations, and dispute resolution. As the region positions itself for deeper global integration, businesses must adapt to a rapidly evolving legal environment.
Our Eyes on 2025 publication provides essential insights and practical guidance on the key legal updates shaping the year ahead—equipping you with the knowledge to stay ahead in this dynamic market.
Arif Mawany - Head of Corporate Commercial - Oman - Commercial / Corporate / Mergers and Acquisitions / Capital Markets
November 2017
Under the current provisions of Omani labour law (the “Labour Law”) private sector employers are required to provide medical facilities to their expatriate employees working in Oman. For larger companies, the Labour Law imposes an additional obligation on the private sector entity to employ a qualified nurse, provide access to specialist doctors and complementary medicine. Many employers have chosen to satisfy these obligations by providing a medical insurance policy to their expatriate employees under which the insurance company pays the private hospital for treatment rendered to the insured employee. Under existing provisions of the Labour Law, Omani nationals are not often beneficiaries of a dedicated healthcare policy in the same way as their expatriate colleagues. The cost of their treatment at Government hospitals is borne by their employers, who do not, in general, cover the cost of private healthcare for their employees.
Under the new rules, Omani nationals will be entitled to a private healthcare insurance policy, affording them access to a wider range of health institutions. In respect of expatriates, the new rules are likely to impose stricter obligations on deviant employers who do not comply with the existing Labour Law requirements outlined above.
The new regulations are expected to be issued by the Ministry of Health during 2018. The effects are likely to be significant and will undoubtedly reduce the strain currently experienced by Government owned hospitals in Oman, which generally cater for Omani nationals only, by diverting existing users of Government facilities to the private healthcare sector. Recent studies show that only 9% of Omani nationals in the private sector are beneficiaries of healthcare insurance.
A further update will be published once the new rules have been brought into force.
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