Middle East

States from the Middle East have concluded about 600 investment deals. 44 ISDS cases have been brought against Middle Eastern countries, while investors from the region have initiated 44 cases as well.

In 2013, Al-Kharafi & Sons Co., investors from Kuwait, were awarded US$935 million under the Unified Agreement for the Investment of Arab Capital in the Arab States, in a dispute over a land-leasing contract for a tourism project in Libya, making it one of the largest known awards to date. They had only invested about US$5 million but the arbitration tribunal decided that Libya also had to compensate for profits that would have been made during the 90-year leasing contract and were now lost.

Photo: President of Azerbaijan / CC BY 4.0

(April 2020)

Gulf News | 13-Feb-2024
The Kuwaiti company Agility gets another opportunity to reclaim its legacy investment in an Iraqi telecom firm. The charges brought by Agility relate to more than $380 million in diverted funds.
The News | 17-Jan-2024
Pakistan has negotiated to include a graduated approach for settlement of investment disputes between the state and investors.
Al Habtoor | 10-Jan-2024
Emirati conglomerate Al Habtoor Group served a notice of an Investment Treaty Dispute against the Lebanese Republic in connection with Lebanon’s breaches of the Bilateral Investment Treaty between the United Arab Emirates and Lebanon.
The Express Tribune | 20-Dec-2023
Pakistan has emerged triumphant in the arbitration initiated by Tuwairqi Steel against the federation at the Permanent Court of Arbitration in The Hague, Netherlands.
The Express Tribune | 13-Dec-2023
Pakistan concluded a settlement agreement with Ozpak, a Turkish company, in longstanding arbitration proceedings pending in the International Centre for Settlement of Investment Disputes.
Dawn | 4-Dec-2023
Pakistan and Saudi Arabia have reached a consensus on the investment modalities, paving the path for the ratification of a much-awaited free trade agreement with the Gulf Cooperation Council.
Business Recorder | 30-Nov-2023
These directions were issued after threadbare discussion with Saudi Arabia and Qatar which are insisting on the option of international arbitration in a template of Bilateral Investment Treaty.
Mint | 6-Oct-2023
India and the UAE discussed a bilateral investment treaty that could see the UAE invest in India’s renewable energy, health, semiconductor and asset monetisation sectors.
The Korea Times | 22-Jun-2023
10 ISDS (investor-state dispute settlement) cases were filed against the Korean government and five of them are currently pending.
Zone Bourse | 22-May-2023
Le Qatar Investment Authority a demandé des conseils juridiques pour savoir s’il avait des droits à faire valoir contre les autorités suisses, après la vente forcée du Credit Suisse Group AG à UBS Group AG pour une fraction de sa valeur de marché.