VOL. XXXII

NO. 5

7-NOVEMBER-1988

Financial and Banking News

INVESTMENT ACTIVITIES

UAE Signs OPIC Accord with US

The UAE government has initialled an agreement which extends the coverageprovided by the US government-owned Overseas Private Investment Corporation (OPIC)to the UAE. OPIC insures American businesses from losses incurred by politicalcrises in foreign countries, a risk which is usually excluded by standardinsurance cover. OPIC agreements are in place with other GCC member statesexcept...