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First company established to insure electronic trade in Cairo
Egypt, Business, 3/24/2000
An insurance company was established to protect electronic trade in Cairo. The company, affiliated to ISS company, has a capital of $20 million in cooperation with the Egyptian Ser Henk group for investment with a participation percentage 60% for the foreign side and 40% for the Egyptian side, which has the right of management.
The foreign partner presents experience concerning protection of electronic transactions and security to web sites of Egyptian companies and electronic trade.
A statement issued by the Ser Henk group said this is the first company working in this field in Middle East and that ISS is considered one of the prominent companies in protecting and ensuring data through the Internet.
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