VOL. XXXII

NO. 33

22-MAY-1989

FINANCIAL AND BANKING NEWS

INVESTMENT ACTIVITIES

Egypt and Kuwait Sign Investment Accord

Egypt and Kuwait signed an investment protection agreement on 15 May whichsupersedes an earlier agreement signed in 1966. The two countries committhemselves to create an appropriate atmosphere for mutual investment flows, andto grant each others' investments most favored nation status. Repatriation ofprofits and dividends are guaranteed, as is the value of the investment in caseit...