Mauritania's Foreign Minister Calls for Strong Economic Blocs in the Arab World
By Ahmad El-Assasy
Mauritania's Minister of Foreign Affairs, Mohamed Salem Ould Merzoug, emphasized the urgent need to establish robust economic blocs within the Arab world to drive unity and regional integration. His remarks came during the Arab Economic and Social Development Summit held in the Iraqi capital, Baghdad.
In his keynote address, Ould Merzoug highlighted that enhanced economic and developmental cooperation among Arab nations is a key pillar for strengthening inter-Arab ties and advancing shared prosperity.
He underscored Mauritania's commitment to accelerating regional economic integration, noting that stronger economic alliances can significantly boost Arab unity. 'The formation of powerful economic groupings is fundamental for achieving deeper cooperation and fostering sustainable development across the Arab world,' he said.
Ould Merzoug also stressed the importance of expanding investment partnerships across Arab countries, leveraging available opportunities to support comprehensive development and mutual well-being.
As part of this vision, the Mauritanian Foreign Minister proposed a new initiative focused on developing the "blue economy"—a sector he believes holds vast untapped potential for Arab nations. He called for enhanced regional collaboration to sustainably harness marine resources, which can become a long-term engine for economic growth and job creation.
'The Arab world possesses immense maritime wealth. Through coordinated efforts, we can transform these resources into sustainable growth avenues,' Ould Merzoug added.
His remarks reflect growing momentum among Arab states to diversify their economies, deepen regional ties, and leverage shared assets for collective benefit.
read more
Japan Stun Spain 2-1 to Qualify for World Cup Last 16
World Cup 2022: Get to Know Confirmed Line-ups of Japan and Spain Group E Decider
Saudi Arabia Bid Farewell to World Cup after 2-1 Loss to Mexico
Tunisia Achieve Historic Win over France but Fail to Qualify
Tunisia to Clash against France in World Cup
Sports
Get to Know Squad of Group D Teams in World Cup
Sports
Al Ahly Gift EGP 70,000 to Players After Claiming Egyptian Super Cup Title
Sports
Bencharki Hits First 2 Goals with Al Jazira Since Leaving Zamalek
Sports
Arsenal Possible Line-up for Nottingham Forest
News
Egypt confirms denial of airspace access to US B-52 bombers
Lifestyle
Pistachio and Raspberry Cheesecake Domes Recipe
News
Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia
News
Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content
Arts & Culture
Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized
Sports
Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer
Sports
Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers
News
Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies
Arts & Culture
New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple
Business
Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mid East Info
4 hours ago
- Mid East Info
Brazil Officially Removes UAE from List of Jurisdictions with Preferential Tax Regimes
A Milestone in Bilateral Economic Cooperation Mohamed Bin Hadi Al Hussaini: The UAE applies global best practices and international standards in tax and financial policies The Ministry of Finance announced that the United Arab Emirates has been officially removed from the Federative Republic of Brazil's list of jurisdictions with preferential tax regimes, a significant step that reflects the UAE's strong commitment to the highest standards of tax transparency and global financial governance. This development also underscores the depth and maturity of the economic and trade relations between the two countries. This achievement stems from the official visit of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, to the Federative Republic of Brazil in November last year, and the constructive cooperation between Brazil's Ministry of Finance and the relevant UAE entities. Dedicated technical teams from both sides worked closely to fulfil all requirements related to tax transparency and investment standards adopted by the Brazilian authorities. The announcement represents the culmination of a long-standing technical dialogue founded on strategic alignment and partnership. New Horizons: His Excellency Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, affirmed that removing the UAE from Brazil's list of jurisdictions with preferential tax regimes reflects the UAE's unwavering commitment to implementing best practices and international standards in its tax and financial frameworks. 'This step is a testament to the success of UAE diplomacy in building partnerships based on transparency and mutual trust,' he said. H.E. added: 'We view this achievement as a launchpad for further strengthening economic cooperation with Brazil and unlocking new opportunities for mutual investment that serve both nations' ambitions for comprehensive and sustainable economic development. We will continue working to deepen bilateral ties and activate strategic initiatives that benefit the economies and people of both countries.' Shared Opportunities: It is worth noting that the UAE is the leading destination for Brazilian exports among Arab countries, with bilateral trade exceeding USD 4.3 billion in 2024, making Brazil the UAE's largest trading partner in South America. Both sides remain committed to leveraging all avenues of cooperation and shared opportunities to enhance their economic ties. The removal of the UAE from Brazil's list is expected to further accelerate bilateral cooperation, particularly in priority sectors such as trade and investment. This development supports sustainable development goals and strengthens the UAE's position as a global business hub. This announcement marks a pivotal milestone in UAE-Brazil relations and reflects the two countries' shared vision of building a strong economic partnership grounded in tax transparency, governance, and support for initiatives that drive sustainable growth and shared prosperity.
See - Sada Elbalad
6 hours ago
- See - Sada Elbalad
Pakistan's Ambassador to Egypt Presents Credentials to Arab League Chief in Cairo
Israa Farhan Pakistan's Ambassador to Egypt, Aamir Shouket, formally presented his Letter of Credence to the Secretary General of the Arab League, Ahmed Aboul Gheit, at the League's Secretariat in Cairo today. The meeting underscored Pakistan's deepening interest in strengthening institutional ties with the Arab League and its member states. Both sides held wide-ranging discussions on bilateral cooperation, with a strong emphasis on enhancing Pakistan's engagement with the Arab world on critical regional and international matters. Central to the dialogue was the Palestinian issue, which remains a cornerstone of Arab League priorities. Shouket reaffirmed Pakistan's steadfast support for the Palestinian cause, highlighting Islamabad's consistent stance on the establishment of a sovereign Palestinian state with East Jerusalem as its capital. Secretary General Aboul Gheit acknowledged Pakistan's unwavering diplomatic backing and welcomed deeper coordination on this front. Discussions also included current regional developments and avenues for collaboration in political, economic, and cultural fields. Both parties expressed commitment to closer coordination on shared challenges, including instability in the Middle East, global security dynamics, and rising humanitarian needs in conflict-affected areas. Ambassador Shouket, who recently also engaged with senior Egyptian officials and religious leaders, reiterated Pakistan's readiness to work closely with the Arab League in promoting peace, regional integration, and multilateral cooperation read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan
See - Sada Elbalad
7 hours ago
- See - Sada Elbalad
MCE Congratulates Bahrain on Election to UN Security Council
Mohamed Mandour The Muslim Council of Elders, chaired by Dr. Ahmed Al-Tayeb, Grand Imam of Al-Azhar, extends its heartfelt congratulations to the Kingdom of Bahrain—led by His Majesty King Hamad bin Isa Al Khalifa—along with its government and noble people, on being elected as a non-permanent member of the United Nations Security Council for the 2026–2027 term, having secured broad international support with over 186 votes. The Council affirms that Bahrain's election to the Security Council is a testament to its significant efforts in promoting global peace and advancing the values of dialogue, tolerance, coexistence, and peace. This selection comes at a time when the world is in dire need of voices of wisdom amidst escalating challenges, wars, and conflicts. The Muslim Council of Elders expresses its strong confidence that Bahrain's election as a non-permanent member of the UN Security Council will help amplify the Arab and Islamic stance on key global issues, particularly the Palestinian cause, and will serve as a sincere voice for the Ummah in addressing the challenges of our time. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan
