You are hereHome
Intra-regional trade and production healthy, says Council of Arab Economic Unity (CAEU)
Source: BI-ME , Author: BI-ME staff
Posted: Sat August 5, 2006 12:00 am

INTERNATIONAL. The total production in the Arab countries in the 2005-2006 financial year crossed US$773 billion, about 2.2% of the world's production of US$32 trillion during the same period. The Cairo-based Council of Arab Economic Unity (CAEU) said in Arab exports of commodities reached US$303.2 billion last year, some 4.1% of the world's exports, while the imports of commodities recorded US$199 billion, representing 2.5% of world imports.

Arab world internal trade increased from US$27.0 billion in 1999 to US$45.5 billion in 2006, representing 8.2% of the total Arab foreign trade, the report said, adding it was a relatively constant percentage in the last few years.

The report said the Arab contribution in the world economy was humble, urging the Arab countries to achieve fully economic integration within the international market. CAEU was founded in 1964 to implement the Arabic Economic Unity Agreement among the states of the 22-member Arab League in 1957.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 17, 2014
KUWAIT. According to a newly released report by Kuwait Finance House Research, the global sukuk market saw a modest volume of US$31.14 billion in new sukuk issuances in 1Q2014. This volume represents a drop of 9.82% compared to US$34.53 billion worth of issuances in 1Q13.
date:Posted: April 16, 2014
INTERNATIONAL. The WGC pointed out that the Chinese bank savings amount to US$7.5 trillion but only about US$300 billionn is allocated to gold, signifying the potential for gold demand to grow as Chinese wealth climbs.
date:Posted: April 16, 2014
UAE. "A similar drop to 2013 is unlikely. Those who wanted to get out of gold did, and the rest of 2014 will probably be a year of sideways trading."
SAUDI ARABIA. The GCC said in a statement that foreign ministers of the six-member body had met in Riyadh for a comprehensive review of measures used to implement foreign and security policies.
dhgate