Latest news with #SAOG
Observer
27-05-2025
- Business
- Observer
OLA signs agreements with insurance companies
The Omani Lawyers Association (OLA) signed a number of agreements with insurance companies operating in the Sultanate of Oman following the amendments issued in the new Omani Lawyers Law, promulgated by Royal Decree No 41/2024. This law requires law firms to insure themselves against professional errors. The signing took place at the headquarters of the Oman Lawyers Association (OLA) on Tuesday. The agreements were made with Arabia Falcon Insurance Company SAOG, Dhofar Insurance and Oman United Insurance Company SAOG. They will cover professional services such as legal consulting, judicial representation, legal documentation, arbitration and mediation. Additionally, they will cover employee breach of trust, loss of documents, defamation, slander, copyright infringement, breach of confidentiality, and loss mitigation clauses, all of which are automatically covered. "In a groundbreaking move to enhance the professional protection of lawyers and improve the quality of legal practice, the Oman Lawyers Association has signed agreements with insurance companies in the Sultanate of Oman to protect against possible errors by law firms," said Dr Hamad bin Hamdan al Rubaie, Chairman of the Board of Directors of OLA. The purpose of these agreements is to establish cooperation between the Association and insurance companies to provide professional liability insurance policies to lawyers and law firms. This will enhance the legal and professional protection of lawyers while they practice their profession. The agreements also cover financial losses resulting from professional errors, negligence, and omissions during legal practice, as well as legal expenses related to any claim covered under the policy. Furthermore, the agreements will allow lawyers and their families to obtain comprehensive or third-party insurance for their private vehicles at preferential rates and favourable terms in accordance with the Unified Insurance Policy issued in Oman. An insurance company stated that this initiative will create a safe professional environment for law firms. By forging agreements with insurance companies, appropriate and effective insurance solutions against professional liability will be provided to lawyers and law firms in Oman according to the terms and specifications in each agreement. However, it's important to note that these policies do not cover intentional acts, war, terrorism, cyber risks, insolvency, delays, infectious diseases, contractual liability and other exclusions as specified in the policy terms.
Zawya
17-04-2025
- Business
- Zawya
Oman: Al Maha Petroleum Products Marketing Co. SAOG achieves ISO 27001:2022 certification for information security management
Muscat – Al Maha Petroleum Products Marketing Co. SAOG is proud to announce that it has officially been awarded the ISO 27001:2022 certification, the international standard for Information Security Management Systems (ISMS). This achievement reflects the company's strong commitment to protecting information assets, ensuring data privacy, and implementing best-in-class security practices across the organisation. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Zawya
18-03-2025
- Business
- Zawya
Oman: Malabar Gold & Diamonds partners with Taageer Finance Co. SAOG
Malabar Gold & Diamonds, the 6th largest jewellery retailer globally with over 380 showrooms across 13 countries, has tied up with Taageer Finance Co. SAOG to offer an easy jewellery financing facility for customers in Oman. This collaboration will enable customers in Oman to purchase jewellery from Malabar Gold & Diamonds with financial support from Taageer Finance Co. SAOG, making exquisite gold & diamond jewellery from Malabar Gold & Diamonds more accessible. Under this agreement, Omani customers can avail of tailored loan solutions to finance their jewellery purchases, with a maximum loan tenure of up to eight years. The financing process is designed to be hassle-free and flexible, allowing customers to choose repayment plans that best suit their financial needs. This initiative is aimed at making jewellery ownership easier, especially for those looking to purchase jewellery for special occasions such as weddings, festivals, and investment purposes. Speaking about the partnership, Mr. Najeeb K, Regional Head of Malabar Gold & Diamonds – Oman, stated: 'At Malabar Gold & Diamonds, our goal has always been to make jewellery shopping a seamless and rewarding experience. Through our partnership with Tageer Finance, we are offering our customers in Oman a convenient and structured financing solution that allows them to own their desired jewellery without financial strain. This initiative reflects our commitment to providing innovative and customer-friendly solutions while ensuring affordability and ease of purchase.' With this initiative, Malabar Gold & Diamonds continues to strengthen its position as a customer-centric brand, providing not only exquisite jewellery but also value-added services that enhance the overall shopping experience. Customers can visit their nearest Malabar Gold & Diamonds showroom in Oman to learn more about the financing options available and take advantage of this exclusive facility. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
