UAE reiterates support for Arab cooperation efforts to ensure economic stability

UAE Minister of Economy Abdullah bin Touq Al Marri was speaking at a meeting of economy ministers in Riyadh. (WAM)
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Updated 16 May 2023
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UAE reiterates support for Arab cooperation efforts to ensure economic stability

  • The meeting was part of the build up to the 32nd Arab League Summit

RIYADH: The UAE Minister of Economy, Abdullah bin Touq Al Marri has said his country supports the creation of a single customs union to help build trade across the region. 

Speaking on Monday at a meeting of the economic and social council in Riyadh, the minister said the UAE prioritized strengthening joint Arab cooperation, in line with the country’s commitment to supporting efforts for economic and social stability for Arabs a sustainable manner.  

Al Marri led the UAE meeting which is part of the build up to the 32nd Arab League Summit which begins on Friday, May 19.  

“We are keen to strengthen the frameworks for economic integration among Arab nations,” the minister said. 

And he added: “And to adopt more open and accommodating policies, including the creation of a single customs union, which helps boost exports and imports and supports the growth of Arab trade exchange, within the framework of the Greater Arab Free Trade Area.” 

This, he said, aimed to stimulate shared investments that would help to “create thousands of jobs.”  

The Arab League Summit is to be held in Jeddah and will host Arab leaders and representatives including Syria’s Bashar Assad for the first time since his nation’s exclusion from the alliance in 2011.  


Khartoum markets back to life but ‘nothing like before’

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Khartoum markets back to life but ‘nothing like before’

  • The hustle and bustle of buyers and sellers has returned to Khartoum’s central market, but “it’s nothing like before,” fruit vendor Hashim Mohamed told AFP, streets away from where war first broke out
KHARTOUM: The hustle and bustle of buyers and sellers has returned to Khartoum’s central market, but “it’s nothing like before,” fruit vendor Hashim Mohamed told AFP, streets away from where war first broke out nearly three years ago.
On April 15, 2023, central Khartoum awoke to battles between the Sudanese army and the paramilitary Rapid Support Forces (RSF), who had been allies since 2021, when they ousted civilians from a short-lived transitional government.
Their war has since killed tens of thousands and displaced millions.
In greater Khartoum alone, nearly four million people — around half the population — fled the city when the RSF took over.
Hashim Mohamed did not.
“I had to work discreetly, because there were regular attacks” on businesses, said the fruit seller, who has worked in the sprawling market for 50 years.
Like him, those who stayed in the city reported having lived in constant fear of assaults and robberies from militiamen roaming the streets.
Last March, army forces led an offensive through the capital, pushing paramilitary fighters out and revealing the vast looting and destruction left behind.
“The market’s not what it used to be, but it’s much better than when the RSF was here,” said market vendor Adam Haddad, resting in the shade of an awning.
In the market’s narrow, dusty alleyways, fruits and vegetables are piled high on makeshift stalls or tarps spread on the ground.
Two jobs to survive
Khartoum, where entire neighborhoods have been damaged by the fighting, is no longer threatened by the mass starvation that stalks battlefield cities and displacement camps elsewhere in Sudan.
But with the economy a shambles, a good living is still hard to provide.
“People complain about prices, they say it’s too expensive. You can find everything, but the costs keep going up: supplies, labor, transportation,” said Mohamed.
Sudan has known only triple-digit annual inflation for years. Figures for 2024 stood at 151 percent — down from a 2021 peak of 358 percent.
The currency has also collapsed, going from trading at 570 Sudanese pounds to the US dollar before the war to 3,500 in 2026, according to the black market rate.
One Sudanese teacher, who only a few years ago could provide comfortably for his two children, told AFP he could no longer pay his rent with a monthly salary of 250,000 Sudanese pounds ($71).
To feed his family, pay for school and cover health care, he “works in the market or anywhere” on his days off.
“You have to have another job to pay for the bare minimum of basic needs,” he said, asking for anonymity to protect his privacy and to avoid “problems with security services.”
Beyond Khartoum, the war still rages, with the RSF in control of much of western and southern Sudan and pushing into the central Kordofan region.
For Adam Haddad, the road to recovery will be a long one.
“We don’t have enough resources or workers or liquidity going through the market,” he said, adding that reliable electricity was still a problem.
“The government is striving to restore everything, and God willing, in the near future, the power will return and Khartoum will become what it once was.”