UAE signs historic business pact with Jersey – The National

UAE signs historic business pact with Jersey – The National

The UAE signed a historic investment pact with Jersey on Wednesday to “help facilitate” financial flows between the two and offer investors “better protection”.

The agreement – Jersey's first bilateral investment treaty – was signed at the UAE Ministry of Finance’s headquarters in Dubai in an effort to encourage foreign investment and protect the investments of both parties “from all non-commercial risks”.

Mohamed Al Hussaini, Minister of State for Financial Affairs, who signed the pact on behalf of the government, said the deal reaffirmed the ambitions of the UAE and Jersey to “strengthen economic and investment co-operation”.