Latest news with #AlMannai
Qatar Tribune
26-05-2025
- Business
- Qatar Tribune
Navigate the digital world safely: QIC unveils personal cyber insurance
Tribune News Network Doha Qatar Insurance Company has introduced its new personal cyber insurance, an innovative coverage designed to protect individuals from cyber risks, ensuring they can navigate their digital lives with extra confidence. QIC's new personal cyber insurance is the first in Qatar to offer individuals a comprehensive financial protection against the cyber risks of daily online life, including those occurring while shopping online and using connected devices. With a QIC personal cyber insurance policy in hand, individuals in Qatar can now fulfill their digital needs worry-free knowing they are protected against financial losses from cyberattacks, online shopping fraud, credit card fraud, phishing scams, cyber extortion threats, identity theft, and cyber damage to their connected devices and wearables. In the event of a covered cyberattack, the insured person will benefit from financial support to restore or retrieve their digital systems and data. The policy also covers theft of funds, and ransom payments in the case of cyber extortion, ensuring that customers have the backing they need to recover without bearing the financial burden alone. Commenting on the new product,Salem Al Mannai, Group Chief Executive Officer, said: 'Qatar is one of the most connected countries in the world, with one of the highest internet penetration rates. People rely heavily on the internet for their daily needs, which can increase their exposure to cyber threats and risks, sometimes leading to significant financial losses. As Qatar's leading insurer, our responsibility is to empower everyone to navigate the digital world with confidence, staying protected while enjoying the convenience of a networked life.' Al Mannai added: 'In line with the National Cyber Security Strategy 2024-2030 and the objectives of Qatar National Vision 2030, QIC is proud to be the first insurer to introduce this groundbreaking personal cyber insurance in the country. As Qatar continues its digitalization at all levels, we are confident that this new product will enhance the confidence with which people in Qatar go online.
Bahrain News Gazette
12-05-2025
- Business
- Bahrain News Gazette
SIO and Beyon Connect Sign Agreement to Implement Enhanced eKey 2.0 System
Manama: Sahar Rashid Al Mannai, Chief Executive of the Social Insurance Organisation (SIO), and Christopher Held, CEO of Beyon Connect, have entered into an agreement to roll out the enhanced electronic key system, known as eKey 2.0. This partnership aims to bolster digital services and streamline processes for beneficiaries. According to Bahrain News Agency, Al Mannai emphasized the significance of integrating modern technologies to advance beneficiary services. The agreement is set to be effective in the latter half of the year. Al Mannai highlighted the importance of strengthening electronic verification processes to provide safer and more efficient services. This move is expected to expedite procedures and enhance user experience. Al Mannai stated that the collaboration aligns with SIO's strategy to update and enhance insurance services, ensuring they are more accessible to beneficiaries. It also supports the government's objectives to improve service quality and efficiency, promote digital transformation, and automate information systems. Christopher Held reiterated Beyon Connect's dedication to delivering cutting-edge digital solutions that cater to user needs and elevate the quality of electronic services.
Biz Bahrain
25-04-2025
- Business
- Biz Bahrain
Housing Ministry signs MoU with AEO-Bahrain
The Ministry of Housing and Urban Planning has signed a memorandum of understanding (MoU) with the Association of Engineering Offices-Bahrain (AEO) to strengthen cooperation, support housing initiatives, and promote the exchange of expertise. The agreement also aims to enhance the quality of housing services and expand the contribution of Bahraini engineering offices to national housing projects. The MoU was signed on the sidelines of the Social Housing Innovation Conference and Exhibition. Fatima Ibrahim Al Mannai, Undersecretary of the Ministry of Housing and Urban Planning, emphasised the importance of deepening collaboration between the Ministry and the private sector, particularly engineering offices, which play a key role in advancing housing services and project development. She commended the significant contributions of Bahraini engineering offices to the Kingdom's broader development efforts. Al Mannai noted that the MoU seeks to provide engineering services of the highest standards to citizens benefiting from housing support, while also enhancing the role of local engineering offices in projects implemented by the Ministry. On his part, Faek Jumaa Mandil, Chairman of AEO-Bahrain, affirmed the value of reinforcing public-private partnerships and maintaining close coordination to achieve shared goals. He praised the Ministry's efforts to deliver housing services to citizens and to engage the engineering sector in developmental projects. BNA(R)
Biz Bahrain
22-04-2025
- Business
- Biz Bahrain
SIO completes preparations to disburse revised cost-of-living allowance for retirees
In line with the general state budget agreements reached between the Legislative Authority and the Government, the Social Insurance Organisation (SIO) announced the completion of all technical and administrative preparations required to disburse the cost-of-living allowance for retirees. The disbursement, carried out in coordination with the relevant authorities, includes retroactive payments covering the difference between the previous and revised allowances for the period from January to April, and will coincide with the April pension disbursement. Sahar Rashid Al Mannai, Chief Executive Officer of the SIO, said that the approved allowance amounts are as follows: – BHD 230 per month for pensions not exceeding BHD 700. – BHD 205 per month for pensions between BHD 700 and BHD 1,500. – BHD 115 per month for pensions exceeding BHD 1,500. Al Mannai added that the SIO notified all eligible recipients of the retroactive amounts via text messages, sent separately from the usual monthly pension notifications. She underscored that the Organisation continues to work towards ensuring the financial sustainability of pension funds and delivering services to retirees with the highest standards of quality and accuracy. BNA(R)
Daily Tribune
29-03-2025
- Business
- Daily Tribune
5,500 early job exits
More than 5,500 people opted for voluntary retirement from both the public and private sectors in 2023, with the Social Insurance Organisation (SIO) reporting that the cost of service year buyouts totalled BD7.6 million. Despite the high number of early retirees, the head of the pensions' authority maintained that the new rules on expatriate end-of-service payments had no impact on Bahrainis' retirement options. In the public sector, 2,021 people retired in 2023, with 93 per cent doing so before the age of 60. The private sector saw 3,570 people step down, 89 per cent of them before reaching the official retirement age. This information came in a written response from SIO chief executive Sahar Al Mannai to MP Jalal Kadhem, who sought details on early retirement schemes in the private sector. Al Mannai revealed that 1,169 government employees applied to buy notional service years under the 1975 pension law. Of these, 593 met the criteria established by a 2023 Cabinet decision and were approved. As a result, 594 public sector employees took early retirement. For the private sector, governed by a 1976 law, 179 workers had their applications for service year buyouts approved, with 154 successfully retiring early. BD7.6 million in buyouts The total cost of buying service years reached BD7.6 million last year. Al Mannai explained that part of this sum is being repaid through monthly deductions from pensions. 'The law, before it was changed, allowed workers to keep paying after they left work if they hadn't yet covered the full amount,' she said. Kadhem also inquired if the SIO had borne any of the cost. Al Mannai responded firmly: 'The organisation pays pensions as and when they are due, as laid out in law. Coverage also extends to the self-employed, freelancers, and business owners.' No impact from expat endof-service scheme Addressing concerns about the new end-of-service payment scheme. Addressing concerns about the new end-of-service payment scheme for non-Bahrainis, introduced by a 2023 Cabinet decision, Al Mannai stressed that it had no effect on early retirement options for Bahrainis. 'The decision sets out how the payments are worked out and what employers owe,' she said. 'It has no bearing on whether Bahrainis qualify for a pension or early retirement.'
