Wednesday 9 October 2013

Defence groups fear UAE investment penalties - FT.com

Defence groups fear UAE investment penalties - FT.com:

"Defence company executives fear they have exposed themselves to millions of dollars of penalties in the United Arab Emirates after signing investment agreements that may now prove difficult to fulfil.
Early in September executives of US and European defence companies and officials of the Gulf state’s offset agency held secret emergency talks in London to tackle the issue. Despite having resolved past problems with a quietly arranged gentleman’s agreement, this time such an outcome is less assured.

" 'via Blog this'

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