Egyptian Gazette - Issue 192 on August 24, 2006 9

Ministry of Investment

Decision No. 278 of 2006

Amending the Insurance Rates of the Government Insurance Fund for Guarantees against Risks Facing Postal Services

Minister of Investment

Having reviewed Law No. 16 of 1970 concerning the postal system; and Law No. 10 of 1981 promulgating the Law on Supervision and Control of Insurance in Egypt and its executive regulations and amendments; and Law No. 19 of 1982 establishing the National Postal Authority; and Presidential Decision No. 231 of 2004 on the organization of the Ministry of Investment; and Council of Ministers Decision dated February 8, 1950, establishing the Government Insurance Fund for Guarantees of Trustees; and Prime Minister Decision No. 229 of 2003 establishing the Government Insurance Fund for Guarantees against Risks Facing Postal Services and its amendments; and Minister of Economy and Foreign Trade Decision No. 400 of 1986 concerning the terms and insurance rates for the Government Insurance Fund for Guarantees of Trustees; and Minister of Planning Decision No. 19 of 2003 concerning the terms and insurance rates of the Government Insurance Fund for Guarantees against Risks Facing Postal Services; and Egyptian Insurance Authority Letter No. 9740 dated July 30, 2006;

Decides:

(Article One)

The insurance rates of the Government Insurance Fund for Guarantees against Risks Facing Postal Services are reduced by thirty percent (30%) from the current rates stipulated in Article Three of Minister of Planning Decision No. 19 of 2003.

(Article Two)

This Decision shall be published in the Egyptian Gazette, and the competent authorities shall be responsible for its implementation.

Issued on August 14, 2006

Minister of Investment
/ Dr. Mahmoud Mohieddin