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UAE 'Least Risky' Arab State In Investment Index, Says Report

by Lorys Charalambous, Tax-News.com, Cyprus

31 May 2002

A report from the Gulf News service on Thursday revealed that the United Arab Emirates has scored highly in a Euromoney survey designed to assess political and economic risks for investors.

According to Gulf News, the UAE ranked 27th, higher than all of the other Arab nations assessed for the bi-annual index, affording it low economic, political, and investment risk status.

Commenting on the the favourable result, the Inter-Arab Investment Guarantee Corp (AIGC), which recently re-published Euromoney's findings, revealed that the jurisdiction was one of only four Arab states which have consistently retained a strong position:

'The Euromoney index is a very important indicator as it is published by a well-reputed international company,' a spokesman for AIGC told the newspaper this week, explaining that: 'The index focuses on the country's ability to repay debt and honour its financial and economic commitments, which clearly reflect the investment situation.'

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