The union aims to ensure the existence of a universal network that sets rules for international postal services, sets recommendations to develop financial services, and improves the quality of services provided to customers under the slogan “Innovation and integration”.
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The decision comes in accordance with Ministerial Resolution No 749 of 2020, regarding the Egypt Post’s full compliance with national legislation on combating money laundering and financing terrorism.
As part of its move facilitating procedures for pensioners, those who have applied to open the account in the recent period and paid the fees will be refunded.
All paperwork systems have also been abolished
The closure was undertaken as part of the precautionary measures put in place by the National Post Authority at its facilities and offices due to the novel coronavirus (COVID-19) pandemic.
The committee is to be headed by Amr Moussa, Adviser to Minister of Communications and Information Technology for the Digital Economy and Information Security.
Farouk has over 29 years of banking experience, having previously been involved in the restructuring of banks and financial institutions
The two entities also agreed to manufacture 50 cars before the end of this year, which include armoured vehicles used in transferring money, as well as cars equipped with ATM machines.
Farouk will look to develop post authority as major provider of government services in Egypt
New chairperson succeeds El-Sagheer who resigned early March
Elwan added that Egypt Post’s deposits amounted to EGP 220bn and the number of saving account holders reached 24 million.
Former chairperson of the Egyptian National Post Organization (ENPO) Essam El-Sagheer – who resigned on Sunday – said the project took two years, and it was based on information obtained from the Central Agency for Public Mobilization and Statistics (CAPMAS) to ensure easier access to addresses.
In a press statement, authorities said that the process of money laundering was done through the exploitation of postal accounts created in the Marsa Matrouh Governorate to launder over EGP 1bn.
It will add more 300 ATMs before the fiscal year end
In addition, Egypt Post provided support to African countries through the Regional Training Centre in Cairo, which led to the PAPU adopting the Egyptian experience and circulating it to African countries.
Al-Sagheer said that the agreement provided an African platform for electronic commerce for the benefit of African countries that Egypt would work with, in cooperation with the African countries.
The agreement aims to provide new and innovative services to stimulate rapid shipping traffic to and from the African continent, focusing on Egypt’s position as a major hub for development.
Egypt Post delivered 2.5m EasyPay cards within a year, says El-Saghir
Egyptian telecommunications sector’s exports amount to $2.2bn
‘Egypt Post is becoming the citizen’s first choice for a range of services’ says El-Saghir
The meeting also stipulates that the service of instant money transfer would be activated, in order to facilitate funds transfer for Egyptians living in Jordan to their relatives in Egypt
Egypt Post expects an increase in profits of EGP 700m this year
Agreements aim to use logistical centre of Egypt Post at Cairo International Airport
The reason for the increase is the ease of dealing and confidence in Egypt Post and spread across the Republic :CAPMAS
The agreement includes integration of traders in financial coverage system and provision of ATM machines at the post offices
The Egypt Post announced the suspension of all postal services to Qatar starting Tuesday, after the Egyptian government decided to sever its diplomatic ties with Qatar. Egypt announced its reason for cutting for cutting diplomatic ties with Qatar was due to its support of terrorist organisations and inciting division in the region, according to a …
The post also noted increases in dispensed pensions and the number of offices
The number of pensions disbursed through Egypt Post offices rose from 61 million accounts in the fiscal year (FY) 2014/2015 to 65.1 million accounts in FY 2015/2016. According to a source at Egypt Post, the value of these pensions registered EGP 55.7bn in FY 2015/2016, up from EGP 49.2bn— an increase of 13.2%. The size …
The number of savings accounts increased from 23.1m in May 2016 to 24m in December 2016
15,000 employees have been trained to cater to their customers, says El-Sagheer