The global cyber insurance market registered significant growth in 2020 and 2021, primarily due to substantially increased premiums. The increased frequency and severity of cyberattacks, coupled with the global shift to remote working in the wake of the pandemic, prompted insurers to raise prices.

Read more: Global Cyber Insurance Market to Reach $33 Billion by 2027

The ICT sector in Oman continues to expand on both local and international levels. The modernizations in e-commerce and e-government have enabled private and public organizations as well and brought a lot of benefits. The Sultanate provides a fertile environment to leverage new technologies, and Artificial Intelligence applications, targeting to attract foreign investments to the sector, through supporting these technologies, and accommodating their initiative testing, supporting its digital transformation and globalization.

Read more: Cloud Computing in Oman: The Drive and Advancement in ICT

The Telecommunications and Digital Government Regulatory Authority (TDRA) announced the registration of more than 46,000 new domain names under the UAE national domain .ae in 2022, bringing the total number of registered domain names to 300,000 by Q1 2023. This shows an increase of nearly 20% compared to 2022.

Read more: Domain ‘.ae’ Among Fastest Growing in Arab Region, Says TDRA

The year 2022 has gone down in history as a momentous one for Vodafone in Oman, launching its commercial operations and taking great leaps towards developing a telecom operator for the future. Today, dreaming big for Oman is not a slogan but an ethos Vodafone has embraced as the Sultanate’s first 100% digital telecom operator, pledging to do things differently while pushing the sector forward with its unique approach, drive for innovation and scalable 5G capabilities.

Read more: Vodafone: The Future Belongs to Those Who Dream Big for Oman

Oman has embraced modernization and economic progress despite being the oldest independent state in the Arab world. It exhibits long-standing traditions seamlessly integrated with modern-day living, making its transformative economy more proactive and digital than before.

Read more: Fulfilling Oman's Vision: A Leading Digital Nation With Competitive ICT Sector

A recent EY global survey revealed that residents from numerous countries have expressed concerns that their basic needs are not being met and that constituents expect from their government what they already get in everyday commercial transactions: speed, efficiency, transparency, reliability, security and personalization.

Read more: E-Government Services in the Middle East: An Economy Booster

Telecom Review was invited to attend the Huawei Middle East and Central Asia high-level media roundtable on day two of the GSMA M360 Eurasia 2023 conference in Baku, Azerbaijan. The open and transparent discussion that gathered cybersecurity thought leaders across the Middle East and Central Asia, aimed at aligning strategic priorities for the region, deepening engagement and steering collaborative efforts in the industry to advance collective action for cyber stability in the telecom industry.

Read more: Huawei Deepens Multi-Stakeholder Participation in Cybersecurity

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