Mr. Ahmed Aboul Gheit, Secretary-General of the League of Arab States, received on 24 February the judges of the Arab Investment Court on the occasion of their official appointment by decision of the Economic and Social Council.
Gamal Roshdy, the official spokesperson for the Secretary-General, stated that Mr. Aboul Gheit received the judges so that they can take the oath before assuming their judicial duties and convening the Court’s General Assembly.
The spokesperson said that the establishment of the Arab Investment Court serves as a crucial mechanism for resolving disputes arising from the implementation of the Unified Agreement for the Investment of Arab Capital in Arab Countries. This agreement, which came into force in 1981, aims to foster comprehensive Arab development, deepen economic integration, and create an investment-friendly environment that ensures the free movement of capital among Arab nations while providing safeguards against non-commercial risks.
The Court's new term, which commenced in February for a three-year period, comprises 24 judges representing 13 Arab countries: Egypt, Mauritania, Yemen, Qatar, Iraq, Syria, Morocco, Jordan, Palestine, Bahrain, the Sultanate of Oman, Saudi Arabia, and Lebanon. Roshdy further noted that Mr. Aboul Gheit engaged in dialogue with the judges, speaking to them about the multifaceted challenges confronting the Arab region.
