Times Of Oman, 13 August 2025: The Finance and Insurance Committee of Oman’s Chamber of Commerce and Industry (OCCI) has met to propose a unified insurance policy aimed at standardising coverage across the sector.

The committee examined bank charges affecting business borrowers. The review will incorporate data from the Central Bank of Oman, with particular focus on fees affecting small and medium enterprises, which comprise 80% of Oman’s business market.

The committee put forward several new initiatives, including a proposed joint seminar with the Oman Commercial Arbitration Centre to showcase dispute resolution services. Plans were also discussed for a dialogue session addressing financing challenges and personal loans supporting Omani employment in SMEs.

A new training programme for insurance sector workers was also proposed, featuring both short and long-term courses, including a professional insurance diploma.

For more news and content, try Lexis Middle East. Click on lexis.ae/demo to begin your free trial of Lexis® Middle East platform.

You can also explore the legal landscape by subscribing to our Weekly Newsletter.

Want to learn more about Lexis® Middle East? Visit https://www.lexis.ae/lexis-middle-east-law/.