Arab fund to hold meeting in Fez in April

The Arab Investments Guarantee Fund will hold the 27th session of its administrative board in Fez by the end of next April, reported Saudi daily Acharq Al-Awsat.

The Kuwait-based fund approved in the course of 1999 some 80 investment guarantee conventions worth $158 million, recording an increase of 28% compared to 1998, the daily said.

Nearly 77% of the conventions were related to export insurance, the rest having covered direct investments.

Morocco is member of the fund's monitoring commission that also musters Saudi Arabia, the United Arab Emirates and Oman.