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:
“It does not follow, because our difficulties are stupendous, because there are some souls timorous enough to doubt the validity and effectiveness of our ideals and our system, that we must turn to a state controlled or state directed social or economic system in order to cure our troubles.”
—Herbert Hoover (1874–1964)
“I always put these pert jackanapeses out of countenance by looking extremely grave when they expect that I should laugh at their pleasantries; and by saying Well, and so?—as if they had not done, and that the sting were still to come. This disconcerts them, as they have no resources in themselves, and have but one set of jokes to live upon.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)