INA – Cairo
The first general assembly of the Arab Union for Arbitration of Investment and Economic Disputes was held in Cairo, Egypt and headed by Iraq and Egypt.
Sameh Ashour, president of the Bar Association and chairperson of the Arab Union for Arbitration of Investment and Economic Disputes, said that a court of arbitration will be established in each Arab country, with a new academy that will offer various scientific degrees specialised in the field of arbitration and mediation, as well as related laws and subjects.
The union includes 14 Arab countries, and other Arab countries are expected to join soon.
Mohammed Rabea, secretary general of the Council of Arab Economic Unity, said that the union is the beginning of protection for Arab investment and industry.
Rabea offered thankful words to Iraq for the support given to this Union.