Damascus : The Insurance Supervision Organization and Bahrain Institute for Financial and Banking Studies signed on Sunday a cooperation agreement for training and rehabilitation at the Ministry of Finances.
Minister of Finances Mohammad al-Hussein underscored the strength of relations between Syria and Bahrain in all fields, particularly in financial and banking, stressing the importance of exchanging expertise in enhancing mutual work.
Al-Hussein stated that the agreement will provide an opportunity for Syrian youths to be trained for work in the insurance sector and that it will open new horizon for this field in Syria and abroad.
The Minister explained that the Insurance Supervision Organization will represent the Bahrain Institute and the Legal Insurance Institute of London, and that the Organization will hold the first training course before the end of August for employees of insurance companies and interested citizens.
Chairman of the Insurance Supervision Organization Abdellatif Abboud underlined the importance of this agreement and stated that the Organization will establish a special department for training and rehabilitation next week, pointing out to the experience and reliability of the Bahrain Institute.
On his part, Director of Bahrain Institute Hussein al-Ajami pointed out that the Institute is one of the oldest of its kind in the region, and that its activities span most Arab countries and South Asia.
Al-Ajami stated that the Syrian insurance market has seen remarkable improvement in the past few years, saying that Syria will be able to export insurance cadres rather than export them.
He also stated that the Institute will be holding training courses for judges, lawyers, journalists, board members of insurance companies and all workers in the field of insurance.