http://www.english.hadhramaut.info Draft understanding memo between Yemen, Saudi Arabia done [The Source: www.sabanews.net - 27/12/2008] Yemen and Saudi Arabia have agreed to activate a draft memorandum of understanding on the mutual cooperation in the field of social insurance. Head of the Public Establishment for Social Insurance Ahmed Saleh Saif said on Friday that the draft memo would be signed by the two countries during the coming meeting of the Yemeni-Saudi Coordination Council, which will be held next year in Aden. The Yemeni official added that the memorandum of understanding includes ways to enhance the cooperation between the two countries' insurance institutions in the areas of exchange experiences and studies, training and rehabilitation and countering insurance evasion. "The importance of this memorandum is to open wider horizons for cooperation between the two countries in the field of insurances and exchange cash reserves of more than one million Yemeni expatriates working in Saudi Arabia", said Saif.