Originally from World Arbitration Reporter - Second Edition

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I. INTRODUCTION

During the time this article is being written, the world’s attention is focused upon the impact of the drop in the oil prices on trade and commerce in general and the flow of direct investment in the Middle East North Africa region in particular.

In the 2015 A.T. Kearney Foreign Direct Investment Confidence Index , there isn’t any state from the Middle East and North Africa listed in the schedule of the top 25 countries ranking as the most favorable by investors for investment.

This article also comes in a time where the Egyptian economy suffers greatly due to the absence of investment; the decline of the currency level and the downfall of Syria, Libya, and Yemen and the negative effect the Tunisian economy’s has suffered due to numerous political factors.

The success of the joint Arab economic effort thus requires the existence of a vision that connects economic integration with developing orientations in order to contribute to the expansion of the productivity base of the Arab countries, which in turn shall result in the establishment of joint projects that cannot take place without the presence and existence of big markets.

The Arab states have in fact taken a step in order to insure the stability and growth of such relations and strategies, which took the form of the amendment of one of the multilateral investment conventions that, is the Unified Agreement for the Investment of Arab Capital in the Arab States; even though the said amendment still appears to be insufficient.