Regulatory Alerts2004-01-01
Decision of the Prime Minister No. 342 of 2004 Amending Prime Minister Decision No. 229 of 2003 Establishing a Government Insurance Fund for Postal Service Risks
Prime Minister Dr. Atif Obeid issued Decision No. 342 of 2004 to amend Article Ten of Prime Minister Decision No. 229 of 2003, which established a government insurance fund for postal service risks. The amendment mandates that the National Postal Authority must insure all financial guarantees or equivalents entrusted to its employees, along with the Authority's own assets and property, with a minimum insured value of five hundred Egyptian pounds. The decree was published in the Official Gazette on March 7, 2004, and took effect the following day.
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