With the Inauguration of the Minister of Supplies and Commerce Mareb Insurance Company Organizes a Special Training Course on Marine and Engineering Insurance [Archives:1999/08/Business & Economy]

Minister of Supplies and commerce Abdul Aziz Nasser Al Kumaim Sunday inaugurated the special training course on marine and engineering insurance organized by the Mareb Insurance Company at the Sanaa Sheraton.
The inaugural ceremony, also attended by Qassem Ahmad Al Sabry the secretary general of the Yemeni Insurance Union, was addressed by Ali Mohammed Hashem, the Mareb Company board chairman, who thanked the Minister for patronizing the event.
He added that the three-day course reflected the growing importance of insurance in our country’s economic development.
Hashem said that believing in the necessity of benefiting from expertise of other advanced companies, Mareb decided to organize that course with Munich company for insurance and reinsurance which sent some of its experts to lecture in that course.
The Minister, for his part, thanked the Mareb company for its efforts in organizing that course which, he noted, will have positive effects on insurance companies in the country along with navigation firms, banks and commercial institutions.
kumaim also appreciated the German company’s step in enriching that course with its expertise and affirmed that the insurance sector in Yemen must cope with international modern developments in this regard.
Concluding his speech to the attendees, also grouping representatives of insurance companies and businessmen, the Minister hoped those attending all the best.
One of the German experts lecturing in the course delivered a statement on behalf of his colleagues thanking the Minister for attending the opening ceremony.
He expressed pleasure for being in beautiful Yemen and appreciated the Yemeni insurance companies’ keenness on elevating performance of their personnel, affirming that he, along with his colleagues, will do their best to make that course a success.
The course will tackle a number of important topics such as dangers of marine insurance, compensation in marine insurance and how to deal with it, importance of engineering insurance and the computer problem for the year 2000.
The course is attended by the most efficient cadres of the following companies:
Yemeni insurance companies, Aden refinery, commercial banks, national cigarettes company, Hodeida port authority, Umery and Baraka company, Aden’s free zone, Hashdy contracting company and the international hawk company.
The course will include morning and evening sessions benefiting from audio-visual means. Numerous research papers and studies in fields of insurance and reinsurance will be tabled in addition to agenda items.
The Mareb Insurance Company was established in 1974 by the Yemeni Company for Investment and Finance along with a number of Yemeni merchants. The Company, with a 100 million rial paid capital, maintains insurance relations with German, Italian, French and Arab companies.

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