Mexico's inflation exceeds expectations in 1st half of April    Egypt's gold prices slightly down on Wednesday    Tesla to incur $350m in layoff expenses in Q2    GAFI empowers entrepreneurs, startups in collaboration with African Development Bank    Egyptian exporters advocate for two-year tax exemption    Egyptian Prime Minister follows up on efforts to increase strategic reserves of essential commodities    Italy hits Amazon with a €10m fine over anti-competitive practices    Environment Ministry, Haretna Foundation sign protocol for sustainable development    After 200 days of war, our resolve stands unyielding, akin to might of mountains: Abu Ubaida    World Bank pauses $150m funding for Tanzanian tourism project    China's '40 coal cutback falls short, threatens climate    Swiss freeze on Russian assets dwindles to $6.36b in '23    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Ministers of Health, Education launch 'Partnership for Healthy Cities' initiative in schools    Egyptian President and Spanish PM discuss Middle East tensions, bilateral relations in phone call    Amstone Egypt unveils groundbreaking "Hydra B5" Patrol Boat, bolstering domestic defence production    Climate change risks 70% of global workforce – ILO    Health Ministry, EADP establish cooperation protocol for African initiatives    Prime Minister Madbouly reviews cooperation with South Sudan    Ramses II statue head returns to Egypt after repatriation from Switzerland    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    EU pledges €3.5b for oceans, environment    Egypt forms supreme committee to revive historic Ahl Al-Bayt Trail    Debt swaps could unlock $100b for climate action    Acts of goodness: Transforming companies, people, communities    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egypt starts construction of groundwater drinking water stations in South Sudan    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Ukraine crisis will affect Middle East due to high inflation: Arab League
Published in Daily News Egypt on 15 - 03 - 2022

Secretary-General of the Arab League Ahmed Aboul-Gheit participated in the opening of the eighth session of the Arab Forum for Sustainable Development that was organised by the United Nations Economic and Social Commission for Western Asia (ESCWA) at its headquarters in Beirut in cooperation with the Arab League (AL) and a number of partners.
According to a statement issued by the AL, Aboul-Gheit praised the efforts of the ESCWA and its keenness to strengthen cooperation with the AL to achieve the goals of sustainable development.
In his speech, Aboul-Gheit pointed to the impacts of the coronavirus pandemic, which has placed additional burdens on Arab countries and caused the loss of many of the gains they made before the pandemic.
In particular, he pointed to the alarming rise in the numbers of poverty and hunger in the Arab world and the risks to the security and stability of societies.
Furthermore, Aboul-Gheit warned of the deterioration of Arab food security figures due to the effects of the pandemic, water scarcity, and climate change.
In this regard, he added that the war in Ukraine will also have repercussions on the Arab region due to the conflict prompting a spike in the global prices of grain, commodities, and energy materials.
The secretary-general pointed out that the Ministerial Council at the AL is aware of the seriousness of these situations and issued at its last meeting a decision to prepare an integrated strategic study on Arab food security.
This study will be presented in the next Arab Summit in Algeria, or within the files of the fifth Development Summit, which is scheduled for early next year in Mauritania.
On recovery policies, Aboul-Gheit stressed the importance of capacity building of institutions, promoting sustainable economic choices, increasing investment in human capital, as well as smart changes to expenditures.
He also touched on the latest developments of the AL's efforts in the field of sustainable development, referring to the Arab initiative to eradicate hunger and the launch of the Arab Network for Science and Technology for Sustainable Development.
It should be noted that the Arab Forum for Sustainable Development addressed, for the second consecutive year, the issue of recovery from the effects of the coronavirus pandemic and also reviewed the efforts of Arab countries in the implementation of the 2030 Sustainable Development Agenda.


Clic here to read the story from its source.