Economic Resources
Main article: Economy of the Arab League See also: List of countries by GDP (PPP) and List of countries by GDP (PPP) per capitaThe Arab League is rich in resources, with enormous oil and natural gas resources in certain member states; it also has great fertile lands in southern Sudan, usually referred to as the food basket of the Arab World. Another industry that is growing steadily in the Arab League is telecommunications. Within less than a decade, local companies such as Orascom, and Etisalat have managed to compete internationally.
Economic achievements initiated by the League amongst member states have been less impressive than those achieved by smaller Arab organisations such as the Gulf Cooperation Council (GCC). Among them is the Arab Gas Pipeline, that will transport Egyptian and Iraqi gas to Jordan, Syria, Lebanon, and Turkey. Significant difference in wealth and economic conditions exist between the rich oil states of the UAE, Qatar, Kuwait, and Algeria, and poor countries like the Comoros, Mauritania, and Djibouti. The Arab League agreed to support the Sudanese region of Darfur with US$500 million.
Read more about this topic: Arab League
Famous quotes containing the words economic and/or resources:
“The economic dependence of woman and her apparently indestructible illusion that marriage will release her from loneliness and work and worry are potent factors in immunizing her from common sense in dealing with men at work.”
—Mary Barnett Gilson (1877–?)
“The great object of Education should be commensurate with the object of life. It should be a moral one; to teach self-trust: to inspire the youthful man with an interest in himself; with a curiosity touching his own nature; to acquaint him with the resources of his mind, and to teach him that there is all his strength, and to inflame him with a piety towards the Grand Mind in which he lives. Thus would education conspire with the Divine Providence.”
—Ralph Waldo Emerson (1803–1882)