PM: Egyptian expats to be insured

Published May 10th, 2001 - 02:00 GMT

Egyptian workers employed outside their homeland will soon be afforded insurance, according to a plan announced last week by Egyptian Prime Minister Atef Obeid, during his one-day visit to the United Arab Emirates, reported Gulf News. 

 

Obeid said that his government has already spoken to a number of insurance companies, who are ready to talk on the assumption that large numbers of workers are concerned.  

 

Ultimately, the prime minister continued, any worker leaving the country for a period longer than a week will be required to go with an insurance policy in hand. In that way, he added, it will be possible to ensure the number of workers that the insurance companies require. 

 

Gulf News quoted independent estimates of Egyptian expatriates working in the Gulf and other Arab countries at close to four million. More than one million of them work in Saudi Arabia and constitute a significant source of income to Egypt. 

 

Remittances of money by expatriates is a major source of foreign income for Egypt, alongside oil, tourism and proceeds for the Suez Canal. ― (MENA Report)

© 2001 Mena Report (www.menareport.com)


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