Live Currency Rates
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Arab leaders renew economic unity pledge as summit comes to a close  Join our daily free Newsletter

MENAFN - Arab News - 23/01/2013

No. of Ratings : 0
Add to Mixx!


 


Crown Prince Salman with Arab leaders at King Abdul Aziz Conference Center in Riyadh on Tuesday. (SPA)
(MENAFN - Arab News) Arab leaders attending yesterday's concluding session of the third Arab Economic and Social Development Summit renewed their commitment to fully implement the decisions made at the two previous summits in Kuwait in 2009 and at Sharm El-Sheikh in 2011.

They also agreed to hold the next summit in Tunisia in 2015.
The two-day summit, organized by the Arab League was hosted by the Kingdom with the Custodian of the Two Holy Mosques, King Abdullah, as its Chairman.

On behalf of Custodian of the Two Holy Mosques, King Abdullah, Crown Prince Salman, deputy premier and minister of defense took over the chairmanship from his predecessor, Muhammad Mursi, at the commencement of the summit on Monday.

Leaders from countries including Saudi Arabia, UAE, Egypt, Iraq, Jordan, Lebanon, Kuwait, Qatar, Bahrain, the Sultanate of Oman, Morocco, Tunisia, Algeria, Sudan, Palestine, Yemen, Libya, Mauritania, Somalia, Djibouti, and Comoros Islands attended the meeting held at the King Abdul Aziz International Conference Hall in the capital.

Arab League Secretary General, Nabil Elarabi, who read out the Riyadh declaration, stressed the importance of the speedy implementation of all decisions passed at the two summits.

It also emphasized the determination of the leaders to remove all barriers that stand in the way of inter-Arab trade and support small and medium enterprises in member countries. The leaders have called for strengthening joint Arab work so as to improve the living conditions and welfare of their citizens.

They also welcomed the initiative of the Custodian of the Two Holy Mosques, King Abdullah, on the increase of the capital of joint Arab funds by 50 percent to meet the growing needs for the socio-economic development in the Arab countries.

The King's initiative also called for an increase of capital in joint Arab companies by, at least, 50 percent in a bid to develop their potential for establishing of joint Arab ventures.

They also encouraged inter-Arab investments which, they said, would create new job opportunities, reduce rates of unemployment, curb poverty levels, and promote Arab investment within their countries to enhance economic development in the Arab region.

To encourage the flow of inter-Arab investments, they adopted a unified agreement for a capital fund in Arab countries to boost Arab, regional and international development that would increase the flow of inter-Arab investments and make the region more attractive to investors.

They also expressed a commitment to create a conducive environment for investment in their respective countries.

Also adopted was an Arab strategy for the use of renewable energy (2010-2030) aimed at meeting the growing demand for energy and diversifying sources to meet requirements for sustainable development. The strategy is also intended to set up an Arab market in partnership with the private sector for renewable energy, which will create new job opportunities.

It was also demanded that constructive measures be taken to combat hunger and to provide instant relief in emergency situations arising from food security.

Realizing the importance of healthcare services in the Arab region, the declaration said that the countries should take preventive and curative measures against non-communicable diseases (NCD) such as diabetes, cardiovascular diseases, cancer and chronic respiratory diseases. It was felt that NCD creates a significant burden on the economies and health systems in the Arab countries.

They also urged the implementation of the Riyadh Declaration issued by the International Conference on Healthy Lifestyles and Non-communicable Diseases in the Arab world and the Middle East," held in Riyadh in December last year.

Besides setting up the Arab Customs Union by 2015, the house also insisted that matters regarding the formation of the Greater Arab Free Trade should be finalized before the end of 2013.

 






  MENA News Headlines
Apr 23 2014Omantel launches service package for youth ,MENAFN
(MENAFN) Omantel announced launching 'Ozone' plan, a new package designed especially for the youth. This comes with the company"s constant efforts to enhance the communication needs of its customers, ...

Apr 23 2014Dh154 billion for Arabtec projects ,Khaleej Times
(MENAFN - Khaleej Times) Arabtec will spend dh140 billion on building one million low-cost houses in egypt and dh14 billion on five mixed-use residential projects in abu dhabi and dubai its chief ...

Apr 23 2014?Titli? makers excited about Cannes selection ,Khaleej Times
(MENAFN - Khaleej Times) The movie about the badlands of delhi?s dystopic underbelly will be in competition as part of the un certain regard section of the 67th cannes film gala to be held may ...

Apr 23 2014Saudi- Yaroub Bashraheel: In search of peace ... underwater ,Arab News
(MENAFN - Arab News) You've heard of diving snorkeling and other water activities but rarely has anyone heard of free-diving. it's a form of diving underwater without the aid of any breathing ...

Apr 23 2014Saudi- Schneider highlights intelligent health care solutions at forum ,Arab News
(MENAFN - Arab News) Schneider electric a global specialist in energy management is set to showcase its leadership in intelligent health care solutions at the second saudi forum for planning and ...

Apr 23 2014Saudi- Divorcees can seek housing ,Arab News
(MENAFN - Arab News) The kingdom will accept applications from saudi divorced women and widows for financial and housing support said justice minister muhammad al-issa.al-issa called on applicants ...

Apr 23 2014Saudi Savola Group revenue up 43 pct in Q1 ,MENAFN
(MENAFN) Saudi Arabia's Savola Group registered a 43 percent increase in profits in the first quarter, well over expectations of analysts, Arabian Business reported. According to a statement to ...

Apr 23 2014Dewa and GE explore collaboration opportunities ,Khaleej Times
(MENAFN - Khaleej Times) Saeed mohammed al tayer managing director and chief executive officer of the dubai electricity and water authority (dewa) recently received a ge delegation to explore ...

Apr 23 2014Sale of Gate Towers penthouses launched ,Khaleej Times
(MENAFN - Khaleej Times) Aldar properties has launched the sale of 21 exclusive duplex penthouse apartments at gate towers the penthouse collection in shams abu dhabi on al reem island. one of ...

Apr 23 2014Tamouh steps up activity on projects ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi-based real-estate developer tamouh has scaled up construction activity on all of its announced reem island projects to meet the rising demand for prime spaces in ...

Apr 23 2014Here?s your chance to share screen space with SRK ,Khaleej Times
(MENAFN - Khaleej Times) Groupon india has joined hands with srk?s red chillies entertainment to give fans a chance to feature with the superstar in his upcoming film ?happy new year?. if you ...

Apr 23 2014Local international companies come out in force ,Khaleej Times
(MENAFN - Khaleej Times) Cityscape abu dhabi has started showing stronger interest from property developers who have showcased their upcoming projects. the three-day realty show was opened by ...

Apr 23 2014Saudi- New passport office opens at Red Sea Mall ,Arab News
(MENAFN - Arab News) The passport department has opened a new office for citizens and residents at the red sea mall.gen. abdul rahman bin abdullah al-tuwairki deputy director general of the ...

Apr 23 2014Saudi- Noha Al-Sharif — an expert in Islamic sculpture ,Arab News
(MENAFN - Arab News) Saudi sculptress noha al-sharif is known for her islamic inspired sculptures that reflect both religion and lifestyle. the concept of modern art attracted her to this medium ...

Apr 23 2014Kowait- Police deportation powers curbed ,Arab Times
(MENAFN - Arab Times) Kuwait city april 3 (afp): kuwaiti police will no longer be able to deport expatriates without interior ministry approval under new rules published thursday after officers ...

Apr 23 2014Saudi- ASUS showcases product series at Aramco Week ,Arab News
(MENAFN - Arab News) Asus described as the world's renowned consumer notebook vendor and producer of the 'world's best-selling motherboards" recently participated in aramco week and showcased a ...

Apr 23 2014Kowait- Amiri Diwan urges all off tape case ,Arab Times
(MENAFN - Arab Times)  kuwait city april 9 (agencies): the amiri diwan has called on everybody to steer clear of the controversial tape issue and let the public prosecution take the necessary ...

Apr 23 2014ADCB profit grows 26% in first quarter ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi commercial bank?s profit grew 26 per cent in the first quarter of the year to dh1. however net profit rose 22 per cent year-on-year. non-interest income was 24 ...

Apr 23 2014'Piles and piles' of bodies in S. Sudan ,Arab News
(MENAFN - Arab News) Nairobi: gunmen who targeted both children and the elderly left 'piles and piles" of bodies — many of those in a mosque — in a provincial capital in south sudan the un's top ...

Apr 23 2014Kowait- New hospital to be ready by 2014 end ,Arab Times
(MENAFN - Arab Times) Kuwait city jan 14 (kuna): director of the 'mega projects 3' group at kuwait oil company (koc) yaqoub dashti said on tuesday that the new ahmadi hospital would be ready to ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help