Economy Of The Arab League
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Economy Of The Arab League
The economy of the Arab League is the economy of the member states of the Arab League. The economy is primarily dependent on exports of oil and natural gas; in recent years however, tourism has grown rapidly, becoming the fastest growing sector in the region. The Greater Arab Free Trade Area, founded in 1997, is a pan-Arab free trade area that effectively rendered 95% of all Arab World products free of customs tax. The economic development in the Arab League exhibits a great diversity. There is a significant difference imbalance in the wealth between the rich oil states of the United Arab Emirates, Qatar, Kuwait and Saudi Arabia, and the developing nations within the League, such as Comoros, Mauritania and Djibouti. Free trade agreements GDP and GDP per capita of member states Based on latest figures and estimates, the Arab League has a total GDP of approximately $7.1 trillion at purchasing power parity, or US$2.4 trillion at nominal values. The member state with ...
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Arab League
The Arab League ( ar, الجامعة العربية, ' ), formally the League of Arab States ( ar, جامعة الدول العربية, '), is a regional organization in the Arab world, which is located in Northern Africa, Western Africa, Eastern Africa, and Western Asia. The Arab League was formed in Cairo on 22 March 1945, initially with six members: Egypt, Iraq, Transjordan (renamed Jordan in 1949), Lebanon, Saudi Arabia, and Syria. Yemen joined as a member on 5 May 1945. Currently, the League has 22 members, but Syria's participation has been suspended since November 2011. The League's main goal is to "draw closer the relations between member states and co-ordinate collaboration between them, to safeguard their independence and sovereignty, and to consider in a general way the affairs and interests of the Arab countries". The organization has received a relatively low level of cooperation throughout its history. Through institutions, notably the Arab League Education ...
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Arab Leage HQ 977
The Arabs (singular: Arab; singular ar, عَرَبِيٌّ, DIN 31635: , , plural ar, عَرَب, DIN 31635: , Arabic pronunciation: ), also known as the Arab people, are an ethnic group mainly inhabiting the Arab world in Western Asia, North Africa, the Horn of Africa, and the western Indian Ocean islands (including the Comoros). An Arab diaspora is also present around the world in significant numbers, most notably in the Americas, Western Europe, Turkey, Indonesia, and Iran. In modern usage, the term "Arab" tends to refer to those who both carry that ethnic identity and speak Arabic as their native language. This contrasts with the narrower traditional definition, which refers to the descendants of the tribes of Arabia. The religion of Islam was developed in Arabia, and Classical Arabic serves as the language of Islamic literature. 93 percent of Arabs are Muslims (the remainder consisted mostly of Arab Christians), while Arab Muslims are only 20 percent of the global Mus ...
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Economy Of The Arab League
The economy of the Arab League is the economy of the member states of the Arab League. The economy is primarily dependent on exports of oil and natural gas; in recent years however, tourism has grown rapidly, becoming the fastest growing sector in the region. The Greater Arab Free Trade Area, founded in 1997, is a pan-Arab free trade area that effectively rendered 95% of all Arab World products free of customs tax. The economic development in the Arab League exhibits a great diversity. There is a significant difference imbalance in the wealth between the rich oil states of the United Arab Emirates, Qatar, Kuwait and Saudi Arabia, and the developing nations within the League, such as Comoros, Mauritania and Djibouti. Free trade agreements GDP and GDP per capita of member states Based on latest figures and estimates, the Arab League has a total GDP of approximately $7.1 trillion at purchasing power parity, or US$2.4 trillion at nominal values. The member state with ...
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USA Today
''USA Today'' (stylized in all uppercase) is an American daily middle-market newspaper and news broadcasting company. Founded by Al Neuharth on September 15, 1982, the newspaper operates from Gannett's corporate headquarters in Tysons, Virginia. Its newspaper is printed at 37 sites across the United States and at five additional sites internationally. The paper's dynamic design influenced the style of local, regional, and national newspapers worldwide through its use of concise reports, colorized images, informational graphics, and inclusion of popular culture stories, among other distinct features. With an average print circulation of 159,233 as of 2022, a digital-only subscriber base of 504,000 as of 2019, and an approximate daily readership of 2.6 million, ''USA Today'' is ranked as the first by circulation on the list of newspapers in the United States. It has been shown to maintain a generally center-left audience, in regards to political persuasion. ''USA Today'' ...
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Somalian Peninsula
The Horn of Africa (HoA), also known as the Somali Peninsula, is a large peninsula and geopolitical region in East Africa.Robert Stock, ''Africa South of the Sahara, Second Edition: A Geographical Interpretation'', (The Guilford Press; 2004), p. 26 Located on the easternmost part of the African mainland, it is the fourth largest peninsula in the world. It is composed of Ethiopia, Eritrea, Somalia and Djibouti; broader definitions also include parts or all of Kenya, Sudan, South Sudan, and Uganda. The term Greater Horn Region (GHR) can additionally include Burundi, Rwanda, and Tanzania. It lies along the southern boundary of the Red Sea and extends hundreds of kilometres into the Guardafui Channel, Gulf of Aden, and Indian Ocean and shares a maritime border with the Arabian Peninsula of Western Asia. Names This peninsula has been known by various names. Ancient Greeks and Romans referred to it as Regio Aromatica or Regio Cinnamonifora due to the aromatic plants or as Re ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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Purchasing Power Parity
Purchasing power parity (PPP) is the measurement of prices in different countries that uses the prices of specific goods to compare the absolute purchasing power of the countries' currencies. PPP is effectively the ratio of the price of a basket of goods at one location divided by the price of the basket of goods at a different location. The PPP inflation and exchange rate may differ from the market exchange rate because of tariffs, and other transaction costs. The Purchasing Power Parity indicator can be used to compare economies regarding their Gross Domestic Product, labour productivity and actual individual consumption, and in some cases to analyse price convergence and to compare the cost of living between places. The calculation of the PPP, according to the OECD, is made through a ''basket of goods'' that contains a "final product list hatcovers around 3,000 consumer goods and services, 30 occupations in government, 200 types of equipment goods and about 15 constructio ...
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Geary–Khamis Dollar
The international dollar (int'l dollar or intl dollar, symbols Int'l$., Intl$., Int$), also known as Geary–Khamis dollar (symbols G-K$ or GK$), is a hypothetical unit of currency that has the same purchasing power parity that the U.S. dollar had in the United States at a given point in time. It is mainly used in economics and financial statistics for various purposes, most notably to determine and compare the purchasing power parity and gross domestic product of various countries and markets. The year 1990 or 2000 is often used as a benchmark year for comparisons that run through time. The unit is often abbreviated, e.g. 2000 US dollars or 2000 International$ (if the benchmark year is 2000). It is based on the twin concepts of purchasing power parities (PPP) of currencies and the international average prices of commodities. It shows how much a local currency unit is worth within the country's borders. It is used to make comparisons both between countries and over time. For ex ...
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Djibouti
Djibouti, ar, جيبوتي ', french: link=no, Djibouti, so, Jabuuti officially the Republic of Djibouti, is a country in the Horn of Africa, bordered by Somalia to the south, Ethiopia to the southwest, Eritrea in the north, and the Red Sea and the Gulf of Aden to the east. The country has an area of . In antiquity, the territory, together with Ethiopia, Eritrea and Somaliland, was part of the Land of Punt. Nearby Zeila, now in Somaliland, was the seat of the medieval Adal and Ifat Sultanates. In the late 19th century, the colony of French Somaliland was established following treaties signed by the ruling Dir Somali sultans with the French, and its railroad to Dire Dawa (and later Addis Ababa) allowed it to quickly supersede Zeila as the port for southern Ethiopia and the Ogaden. It was renamed the French Territory of the Afars and the Issas in 1967. A decade later, the Djiboutian people voted for independence. This officially marked the establishment of the ' ...
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Council Of Arab Economic Unity
The Council of Arab Economic Unity (CAEU) (Arabic: ) was founded by Egypt, Iraq, Jordan, Kuwait, Libya, Mauritania, Palestine, Saudi Arabia, Sudan, Tunisia, Syria, United Arab Emirates and Yemen on May 30, 1964, following an agreement in 1957 by the Economic Council of the Arab League. Objectives According to The Economic Unity Agreement approved on June 3, 1957, the Council of Arab Economic Unity desires to "Organize and consolidate economic relations among the States of the Arab League on bases that are consistent with the natural and historical links among them; and to provide the best conditions for flourishing their economies, developing their resources and ensuring the prosperity of their countries." The bases of economic relations between states in the Council of Arab Economic Unity are outlined in Chapter 1, Articles 1 and 2 of The Economic Unity Agreement: Article 1 Article 1 delineates each member state's rights to: # Personal and capital mobility # Free exchange o ...
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Mauritania
Mauritania (; ar, موريتانيا, ', french: Mauritanie; Berber: ''Agawej'' or ''Cengit''; Pulaar: ''Moritani''; Wolof: ''Gànnaar''; Soninke:), officially the Islamic Republic of Mauritania ( ar, الجمهورية الإسلامية الموريتانية), is a sovereign country in West Africa. It is bordered by the Atlantic Ocean to the west, Western Sahara to the north and northwest, Algeria to the northeast, Mali to the east and southeast, and Senegal to the southwest. Mauritania is the 11th-largest country in Africa and the 28th-largest in the world, and 90% of its territory is situated in the Sahara. Most of its population of 4.4 million lives in the temperate south of the country, with roughly one-third concentrated in the capital and largest city, Nouakchott, located on the Atlantic coast. The country's name derives from the ancient Berber kingdom of Mauretania, located in North Africa within the ancient Maghreb. Berbers occupied what is now Mauritani ...
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