DAMASCUS,(SANA)-Minister of Finance Dr. Mohammad al-Hussein  underlined on Monday that the numerous procedures and legislations taken by Syria in different domains will make the country a safe place for investments and offer the utility of big available investment opportunities in Syria .

Opening the activities of Damascus 2nd Insurance Meeting, Dr. Hussein said that the conference coincides with the important and positive steps the Syrian economy is witnessing as a result of ratification by the Syrian leadership of the principles of social market economy June 2005.

He added that "the 10th five-year plan outlined the general frame of the directives of Syrian economy during the next five years and coincides with issuing important laws and legislatives to enhance the way heading to social economy market."

The Minster of Finance pointed out to what Syria has achieved in the fields of finance, banks, insurance, and customs such as the laws of general finance, establishing the stock market in addition to other laws related to taxes and the enhancing of stability of currency market and laws for state banks and allowing private banks, including Islamic ones, to work in Syria very soon.   

For his part, Secretary General of the Arab Union for Insurance Abdul khaleq Raouf Khalil called for the necessity of taking care of including the best modes of technology and training proper cadres in addition to strengthening insurance companies through enhancing methods of advertising, marketing and production.

Chairman of Arab Union for Insurance and Director General of the Syrian General Company for Insurance Suleiman al-Hussein called for unifying Arab insurance laws and work to create one Arab insurance market as well as boosting cooperation agreements among Arab insurance markets.

Director General of Supervising Commission on Insurance Abdul Latif Abboud indicated in his speech that the Commission excreted big efforts in order to meet the insurance market needs and to ensure enough flexibility and quality.

Thawra-Zahra