Latest news with #ArabEconomicandSocialCouncil
Iraqi News
13-05-2025
- Business
- Iraqi News
Around 27, the most prominent items of the Arab Economic and Social Council meeting
The Ministry of Trade revealed the most prominent items on the agenda of the Arab Economic and Social Council's preparatory meeting for the development summit on Tuesday, noting that the total number of items reached 27. The Arab Economic and Social Council held its ministerial meeting, discussing the summit agenda, which included 27 items covering a range of economic, social, and developmental issues that are a priority for joint Arab action, according to a statement by the Ministry - received by the Iraqi News Agency - INA. The statement included the most prominent items of the meeting as follows: 1. Strengthening Arab economic integration: Focus was placed on completing the Greater Arab Free Trade Area project and enhancing electricity and transportation interconnection projects between Arab countries. 2. Food and water security: The meeting discussed initiatives to achieve food and water security in the region, including support for sustainable agriculture and the development of water resources. 3. The Arab Artificial Intelligence Initiative: The Secretary-General of the League of Arab States' initiative, the Arab Artificial Intelligence Initiative Towards Technological Leadership and Sustainable Development, was reviewed. It aims to promote the use of modern technologies in development. 4. Support and Shelter for IDPs from the Palestinian Territories: The meeting discussed the project to support and shelter displaced families from the Palestinian territories and to counter attempts to displace the Palestinian people from their land. 5. Empowering Youth and Women: The issues of empowering youth and women, developing technical education, digital transformation, and building cyber capabilities were discussed, with an emphasis on protecting Arab cultural heritage. 6. Issuing the "Baghdad Declaration". The summit is scheduled to conclude with the issuance of the "Baghdad Declaration," which is expected to embody the unified Arab position on the political, economic, and security issues on the agenda.
Shafaq News
13-05-2025
- Business
- Shafaq News
Iraq takes helm of Arab Economic Council ahead of Baghdad Summit
Shafaq News / Iraq officially assumed the presidency of the Arab Economic and Social Council on Tuesday, as regional ministers gathered in Baghdad in preparation for the upcoming Arab League summit. The ministerial session opened with remarks by Lebanon's Minister of Economy and Trade, Amir Bsat, who chaired the Council's previous term. Bsat formally handed over the presidency to Iraq through Minister of Trade, Atheer Dawood Salman. Arab League Secretary-General Ahmed Aboul Gheit also addressed the session, stressing the urgency of a unified Arab economic strategy amid accelerating global and regional shifts. "With genuine partnership and integration, Arab nations can shape a stronger future and achieve sustainable prosperity," he said. Aboul Gheit added that the forthcoming summit will focus on pressing economic and developmental challenges, highlighting the critical role of enhanced regional cooperation in navigating the evolving international landscape.
Iraqi News
13-05-2025
- Business
- Iraqi News
The Preparatory Meeting of Arab Economic and Social Council Convenes
Baghdad-INA The Arab Economic and Social Council at the ministerial level convened today, Tuesday, a preparatory meeting for the Fifth Session of the Arab Development, Economic, and Social Summit in Baghdad. The correspondent of the Iraqi News Agency-INA said 'The meeting is being held at the ministerial level of participating countries in preparation for the Fifth Session of the Arab Development Summit in Baghdad'. The proceedings of the opening session include an address by the Minister of Economy and Trade of the Lebanese Republic, Amer Bisat, representing the presidency of the previous session of the Development Organization; an address by the Minister of Trade, Atheer Dawood Salman, representing the presidency of the current summit session; and an address by the Secretary-General of the League of Arab States, Ahmed Aboul Gheit. The closed working session will include the adoption of the draft agenda for the Development Summit, discussion of its items, followed by a luncheon session and then the closed concluding session, which will include the adoption of draft resolutions. It is noteworthy that the Economic and Social Council at the level of senior officials, which held its session on Monday, approved a set of recommendations that were submitted to today's ministerial preparatory meeting, in preparation for the Development Summit scheduled to be held on May 17.
Times of Oman
07-04-2025
- Business
- Times of Oman
Oman participates in Arab Ministerial Meeting in Cairo
Cairo: The Sultanate of Oman on Monday took part in the ministerial meeting of the Arab Economic and Social Council's extraordinary session. The Council is currently convening in Cairo as part of preparations for the 5th session of the Arab Development Summit scheduled to be held in the Republic of Iraq on 17 May 2025 in conjunction with the 34th regular session of the Arab Summit. The Sultanate of Oman's delegation was headed by Dr. Said Mohammed Al Saqri, Minister of Economy. The meeting discussed ways of finalizing the requirements of the Greater Arab Free Trade Zone and the Arab Customs Union. The meeting addressed issues of economic sustainability. It discussed the need to update the Arab Water Security Strategy (aimed to address the challenges of resource scarcity) and the Arab Strategy for Manpower Development and Employment, which seeks to keep pace with economic and technological transitions. The meeting also reviewed the Arab Vision 2045, which constitutes a roadmap for future development in the Arab world.
Gulf Today
15-02-2025
- Business
- Gulf Today
UAE calls for developing deal on facilitating trade exchange
Abdullah Bin Touq Al Marri, Minister of Economy, has affirmed the UAE's full commitment to implementing the provisions of the Agreement on Facilitating and Developing Trade Exchange among Arab Countries. Touq Al Marri emphasised the need to develop this agreement in line with current economic developments and challenges. He also urged the activation of the Arab Framework Agreement of Liberalisation of Trade in Services Among Arab Countries, noting that the Arab region possesses promising investment opportunities and capital surpluses but requires practical steps to fully utilise these potentials. The minister made the remarks in his speech at the 115th session of the Arab Economic and Social Council, which was held on Friday at the HQ of the General Secretariat of the Arab League at the ministerial level. During the session, the minister handed over the presidency of the current session to the Kingdom of Bahrain after the UAE chaired the previous session. The United Arab Emirates (UAE) has handed over the presidency of the preparatory meetings for the 115th meeting of the Arab Economic and Social Council (AESC) to Bahrain. The meetings commenced on Sunday at the headquarters of the General Secretariat of the Arab League, where the Social Committee convened to prepare the draft agenda related to the social dossier of the session. The UAE delegation was led by Juma Mohammed Al Kait, Assistant Under-Secretary for Foreign Trade Affairs at the Ministry of Economy, as well as several officials at the ministry. In his opening speech, Al Kait reaffirmed the UAE's unwavering commitment to supporting all frameworks of joint Arab action across various fields, including the social sector and its associated projects and initiatives, in line with the vision and directives of its leadership. He highlighted that during its presidency of the 114th session of the Council, the UAE was keen to support and endorse various Arab efforts to advance social progress, contributing positively to comprehensive and sustainable development. He also underscored the significance of pioneering initiatives that bring tangible progress and prosperity to Arab societies, citing the Arab Reading Challenge as one of the region's most prominent knowledge and cultural initiatives driving social development. Al Kait stressed the importance of continuing joint efforts to implement the resolutions of the 114th session of the Economic and Social Council, which serve as a fundamental pillar and roadmap for achieving common objectives in economic and social development. He announced the formal handover of the presidency of the current session to Bahrain and extended his best wishes for its success in supporting Arab development efforts and enhancing the work of the Arab Economic and Social Council across various sectors to promote prosperity for Arab nations and peoples. Meanwhile Abdulla Bin Touq Al Marri, Minister of Economy, emphasised the private sector's role as a key partner in driving national economic growth and boosting its competitiveness at both regional and international levels. In a session titled 'Hard Power: A Wake-Up Call for Businesses Amid Global Economic Shifts,' held at the 55th Annual Meeting of the World Economic Forum in January 2025, Al Marri added that the UAE has consistently involved the private sector in numerous national strategies and plans launched over the past years, creating a unique model of successful public-private partnerships in the country. He stated that the number of new economic licences issued in UAE markets totalled 200,000 in 2024. The session explored the impact of global tensions on the private sector and how businesses are rethinking strategies to strengthen their tools and adopt sustainable practices to address economic challenges regionally and internationally. It also discussed mechanisms to enhance profitability across various economic sectors, as well as the importance of providing additional incentives and enablers to encourage entrepreneurs to achieve high growth rates and expand into vital and sustainable sectors. Bin Touq said, 'The UAE has pioneered a visionary approach to developing a dynamic and competitive economic legislative framework based on global best practices. Over the past four years, the nation has issued and updated over 30 key economic laws, policies, and resolutions, focusing on new and future-centric sectors, including e-commerce, arbitration, commercial transactions, family businesses, and cooperatives. 'These efforts have made the UAE a more attractive destination for businesses and entrepreneurs from around the world, strengthening its position as a regional and global hub for business and investment.'
