Rashid signed 3 agreements with Germany to strengthen cooperation

Egypt and Germany agreed on the need to promote and strengthen economic relations in the coming stage to overcome the negative effects of the global financial crisis, as the two sides signed three agreements on cooperation in the areas of specifications, quality, and increase the efficiency of energy use in industry.

This came on during the intensive negotiations conducted by Engineer Rashid Mohamed Rashid, Minister of Trade and Industry with the President of the Federation of German Industry and the Economic Adviser to Mrs. Angela Merkel, German chancellor and the large number of heads of major German companies in various fields

He also opened the Egyptian-German business forum to be organized by the Arab-German Chamber of Cairo in cooperation with the Federation of German Chambers of Commerce and the Federation of German Industries.

The minister said during his talks with the President of the Federation of German Industry, Dr. Mets Micrrilesn that the government is seeking in the coming period to strengthen and deepen the areas of economic cooperation with Germany in particular and the European Union in general to exploit the excellent political relations between Egypt and the European Union in the expansion of mechanisms and areas of economic cooperation with Germany, especially as the the global economic crisis, despite the negative effects and challenges also create new opportunities for economic cooperation

The minister said that Egypt is one of the largest political partners of Europe, particularly in efforts to establish security and peace in the Middle East and so we aim to build on this to increase the bedrock of economic relations, the minister said that Egypt is in the list of countries attractive for investment, referring to the report of the World Bank which stressed that Egypt ranked first in economic reform in the Middle East.

For his part, stressed the President of the Federation of German Industry, Dr. Micrrilesn Germany and Germany in particular the business community to consider Egypt as a central look forward to the intensification of cooperation with it in various economic areas, said Dr. Reyes Hirit the Executive Director of the Arab-German Chamber of Industry and Commerce in Cairo, Egypt is one of the the best opportunity for German investments

In his talks with Dr. Jeter Vaidman economic adviser to German Chancellor Merkel Rashid reviewed cooperation between Egypt and Germany in the framework of participation, as well as the Euro-Mediterranean cooperation in the face of the negative impacts of economic crisis, as well as a minister during his meeting with members of the Board of Foreign Trade, Egypt, Germany, to see the revitalization of Union's initiative for the Mediterranean and the establishment of a new funding mechanism for projects in the framework of this initiative.

The talks of the Egyptian Ambassador Ramzy Ezz Eddin, Egypt's ambassador to Germany, Dr. Samiha Fawzi, Assistant Minister, Dr. Hany Barakat, head of the specifications and quality, Mamdouh Mostafa, head of the commercial representation, and my dream Oboualaic member Board of Directors of the Center for the modernization of industry.

Bahrain reduces the value of auto insurance by 80% to clean the records of the traffic

A new organization to terminate the insurance rates mutual complaints between businesses and drivers

Bahrain Monetary Agency announced yesterday that respond with a complaint of insurance on the car, issuing a new resolution on the annual rates of vehicle insurance (third party), the mechanism by which the calculation of third party insurance premiums, according to the price of the new institution was granted a deduction of up to 80 in per cent of the value of the annual insurance for drivers with clean traffic record, a step that is the first of its kind in the Gulf countries.

The issuance of this decision after observing that the institution that there are many reasons that make a review of the previous tariff and approved in 1995, including a complaint and of the high car insurance premiums as a result of insurance companies to calculate the higher ceiling price of the tariff without distinction between the good and the driver's reckless driver In addition to complaints from insurance companies the high cost of repairs due to the increase in the number of traffic accidents and increased cases of death and physical injuries as well as the taking into account the dangers of a private nature, such as sports cars and the driver's age and duration of drivers license and multi-events.

We will give this resolution, a believer in the benefits of original records them with free traffic accidents will be given discounts ranging from 5% to 20% and, by contrast, gave a resolution of the insurance companies the right to increase the insurance premium rates for multi-rated traffic accidents and to meet the premium commensurate with the nature of special risks insured.

Said Mr. Anwar Khalifa, Executive Director of the Financial Institutions Supervision at the BMA that the institution has sought for more than two years to address the problem of the third party to negotiate with the Bahrain Insurance Association, where an agreement reached on most points of the dispute and, accordingly, has put its proposals through bilateral meetings and open hearing with the various civil society institutions such as the Consumer Protection Society and the Society of transparency and the House of Representatives and the Shura Council, pointing out that although the issue of third party insurance for cars is the issue of complex and interrelated and interlinked set of interests is the mechanism that had been reached in the new tariffs take into account justice and fairness for all parties to the process of insurance ».

And insurance premiums beginning in the new tariff, effective from 53 Bahraini dinars for private cars with engine capacity of 1400 cc Cubism to BD 83 for private cars with engine capacity of 3651 cc Cubism or more, to give drivers with clean traffic record and who may reach a degree to 80% discount rate of 5% for the first year of claims-free and 10% for two years and 15% for three years and 20% for four years or more.

This will enable the resolution of the insurance companies increased the premium by 25% at the time of the first claim for damage to property or bodily injury, and 50% and 100% in the case of the second claim and third claim, respectively. Imposed in addition to the premium by 100% in case of accidents that lead to death, will also be able to increase the insurance premium by 25% of the basic price of the annual insurance in cases that do not exceed the age of the insured by 24 years, and the rate of 50% of the vehicles sports identified by the Foundation from time to time.

Auto insurance

Introduction:
We have committed the traffic law in the Syrian Arab Republic all the owners of vehicles subject to registration with the Ministry of Transportation contracts for vehicle insurance against civil liability arising from the use of the vehicle on the territory of the country, as well as for all foreign vehicles crossing the Ootakim them. The aim is to:
- Protection of others from the use of such vehicle.
- Protection of the vehicle user of any responsibility that may arise from it.

It also allowed the owners of vehicles - the insured - the insurance companies - the insured - Coverage other hazards that may cause the vehicle and others resulting from the use of the vehicle under supplementary contracts - optional -.

Has grappled with the Syrian General Establishment for Insurance for over fifty years for this type of insurance with all the success, and still seeks to develop this type of insurance through insurance programs and a new upgrade performance in customer service.

The geographical boundaries of the territory of the Syrian Arab natural geographical scale is the same for insurance contracts produced by the institution, and these limits could be expanded to include other land under the agreements concluded with these countries in relation to compulsory insurance, the insurance contracts for the overall Vtnm expanded to include Jordan and Lebanon. Additional free feature of a believer.

And we'll make the following types of contracts produced by the institution and the insurance coverage of each type:

First - the compulsory insurance
To cover the damage resulting from third-car accident

And called for a mandatory registration that can not be without a car of this decade as the law of a walk of two types:
1 - compulsory insurance / first stage /: This is insurance for all types of cars, except for tourism, including: the physical harm to others only.
2 - Altomn compulsory / Almrahlpalthanip /: This is insurance for all types of cars, except for tourism, including: the physical harm to others only.
3 - the limits of compulsory insurance: This insurance for cars, however, of Syria to the country.
It includes the physical and material damage to others caused by foreign vehicles and the Arab Syrian territory. It also includes public passenger vehicles designed to transport passengers.
The three types of compulsory insurance for the above shall not include the body of the vehicle, money and goods transported on the vehicle, as well as users and passengers of private cars and the driver in all conditions, as well as relatives, however, the convening of a special agreement between the owner of the vehicle and the institution.
However, it can be provided for the driver and passengers of all types of vehicles, the P-salt of the contracts under the above-mentioned

II - Supplementary Insurance / Optional /

1 - The Civil Liability: This insurance for all types of vehicles, except tourism, which is complementary to the convening of the first phase of the contract equal to the second stage in terms of insurance coverage to others, in addition to secure passengers in private cars and the driver in all categories of vehicles and the load of the fuel tank. It includes:
- Physical damage to others the value of unlimited.
- Physical damage to the owner of the vehicle and the driver and their family members.
- Bodily injury to passengers in private vehicles, including school students.
- The load of the fuel tank.
The special allowance is to meet this contract by category of vehicle.

2 - hold all the risks or the Index: This insurance covers all types and categories of vehicles and covers all damages resulting from a traffic accident, whether the vehicle and its passengers and Sigaha or to others, including the following:
- Physical damage to the vehicle itself as part of Syrian territory as well as in Lebanon and Jordan.
- Physical damage to others the value of unlimited.
- Damage to the vehicle against fire and theft.
- Physical damage to the driver and owner with their family members.
- Bodily injury to passengers in private vehicles, including school students.
- Physical and material damage to others in Lebanon for tourist vehicles.
- The load of the fuel tank.
- Total loss of the vehicle.
The insurance value of the allowance with the terms of insurance - the amount insured by the vehicle, which follows the price of the vehicle. According to the desire of the insured - the owner of the vehicle.

Orange Card
Insurance of vehicles out of Syrian territory against others / card orange /: a geographical expansion of the insurance contract and Syrian vehicles exclusively and orange card issued under a supplement to the convening of a second phase of tourism vehicles, or a supplement to all other categories of vehicles, covering the material and physical damage to the non-Arab countries on the territory of the joint Convention on the orange card and as the laws and regulations of the State visited. Granted free of charge for cars with the destruction.
Are met as per the category of vehicle.