Tuesday 07 Jan
Engineer Hassan El-Khatib, Minister of Investment and Foreign Trade, witnessed the signing of a cooperation protocol between Misr Insurance Company and Al Ain Ahli Insurance Company in the United Arab Emirates.
This protocol aims to enhance cooperation between the two companies in several key areas, including digital transformation, the development of innovative insurance products, the exchange of scientific expertise, and the improvement of training levels and knowledge sharing. This collaboration will mutually benefit both companies by addressing the evolving needs and challenges within the insurance market. This strategic step reflects a shared vision of strengthening Arab cooperation within the insurance sector.
The protocol was signed by Omar Gouda,
Managing Director and CEO of Misr Insurance Company, and Mohamed Mazhar, CEO of
Al Ain Ahli Insurance Company.
This protocol marks a significant
step towards achieving comprehensive digital transformation within the
insurance industry. By fostering cooperation, it will contribute to improved
customer service, increased transaction speed and efficiency, and enhanced
adaptability to future challenges. This collaboration also opens doors for
further cooperation in various scientific and technological fields.
The Minister emphasized that this
strategic cooperation represents a significant step towards realizing Egypt's
Vision 2030, which aims to establish Egypt as a regional hub for trade and
investment. He highlighted that this collaboration will accelerate digital
transformation within the insurance sector, thereby enhancing the competitive
positions of both Egypt and the UAE in the global financial services market.
El Khatib explained that this
protocol will contribute to attracting foreign direct investment, creating new
jobs, and developing a robust digital infrastructure. By simplifying procedures
and delivering excellent customer service, this collaboration will drive
economic growth. He emphasized that this cooperation aligns with sustainable
development goals, such as fostering innovation and promoting financial
inclusion, and will significantly strengthen economic ties between Egypt and
the UAE.
For his part, Mohamed Mazhar, CEO of Al Ain Ahli Insurance Company, stated that this protocol marks the beginning of a fruitful partnership and future joint endeavors. He emphasized that this collaboration will deliver tangible results, such as providing customers with innovative and flexible insurance solutions. By leveraging the latest advancements in digital insurance, both companies will gain a competitive edge in the global market, thereby contributing to the overall competitiveness of the Arab insurance market.
