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UAE signs deal with Iraq to protect, promote investments

UAE signs deal with Iraq to protect, promote investments

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DUBAI: The UAE has signed an agreement with Iraq to promote and protect mutual investments, as the Emirates seeks to strengthen economic co-operation with a number of different countries.

The accord, signed by the UAE Ministry of Finance and Iraq’s National Investment Commission, will boost foreign investment in both countries by providing a suitable investment environment and secure a balance between rights and obligations between investors and the host country, the ministry said in a statement on Tuesday, report agencies.