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UAEIIC seeks to solve Emirati firms' problems in India

UAEIIC seeks to solve Emirati firms' problems in India
Photo Credit: Arabianeye-Reuters
DP World
DPW
0.00% 0.00 0.00
Emaar
EMAAR
-1.07% 8.29 -0.09
e&
ETISALAT
-3.30% 17.56 -0.60

Abu Dhabi – Mubasher: The secretary general of the UAE International Investors Council (UAEIIC) revealed that the council is exerting efforts to help resolving the issues faced by Emirati firms, Etisalat, Emaar, DP World, and Sharaf Group in India.

The biggest problem is faced by Etisalat that has been there for nine year, Jamal Saif Al Jarwan told Al Bayan newspaper on Monday.

It has been proven to all that the company has rights that it should reclaim, he stressed.

The Indian government need to solve the current problems before more investments from the UAE are pumped into India, Al Jarwan added.

Today India is the country where Emirati companies are suffering the most, Al Jarwan noted, according to Al Bayan.

Egypt comes in second, and Emirati companies in Algeria are also challenged by the investment and legal environment, he indicated.

As per the secretary general of the UAEIIC, Emirati investments abroad slightly declined in 2016 compared to 2015, with 200 companies from the UAE investing around AED 5.5 trillion across six continents.