MoF-Angola agreement to promote investments

Dubai / Emirates Business

UAE, represented by the Ministry of Finance (MoF), signed an agreement for protection and promotion of investment with Angola, on Ministry’s premises in Dubai.
The agreement comes in line with the Ministry’s strategy to expand its network of international relations and protect investments abroad.
The agreement was signed by HE Obaid Humaid Al Tayer, Minister of State for Financial Affairs; and Abrahao Pio dos Santos, Minister of Economy of Angola, in the presence of HE Younis Haji Al Khoori, Undersecretary of the Ministry of Finance and a number of the Ministry’s official.
HE Obaid Humaid Al Tayer stressed the Ministry’s commitment to boost the UAE’s investment presence around the world by signing similar agreements. HE Al Tayer added: “The agreement will work on protecting UAE investments from any non-commercial risk that may influence their performance, or any risks related to the transfer of profits and revenues in the conversion of currency.”