VOL. XXXV

NO. 26

30-MARCH-1992

UAE

UAE Issues Guidelines for Offset Program

The UAE, which had previously announced plans to introduce its own offsetprogram, under which a proportion of the cost of an arms deal should be investedin technological or industrial projects in the UAE (MEES, 6 January), has nowdrawn up a set of guidelines to regulate the offset investments. According toa report in the Arabic language daily, al-Sharq-al-Awsat of 18 March, thefollowing regulations will apply:

- A foreign...