Al-Ibrahim said that the IAIGC is the first regional institution to offer
The IAIGC also provides advice to the Arab banks on the risks related to
The IAIGC is a regional Arab institution of an independent legal entity
The IAIGC aims at promoting investment in the Arab countries and
The index, published in the latest monthly bulletin of the Kuwaiti-based Inter-Arab Investment Guarantee Corporation (IAIGC
), showed the UAE was ranked 13th in the world in terms of dealing with construction permits, 7th in getting electricity for the project, and 5th in trading across borders.
BEIRUT: According to official figures released by the Inter-Arab investment Guarantee Corporation (IAIGC), the global financial distress decreased capital flow into the Arab countries by nearly $10 billion in 2008 to reverse a steady growth over the past few years mainly due to high oil prices.
"From a record $72 billion in 2007, foreign direct investment (FDI) into the region plunged to nearly $62 billion in 2008, showed the figures by the IAIGC. Indeed, the global financial crisis has affected FDI movement worldwide," said a report published by Bank Audi's MENA Weekly Monitor.
IAIGC said several factors contributed to the surge in FDI in 2007, along with strong oil prices and moves by some members to improve investment laws.
In addition, privatization of the state-owned enterprises and liberalization of most service sectors have also attracted more FDI by trans-national corporations, IAIGC said in its quarterly bulletin.