Arab Today, arab today arab unrest bad for business
Last Updated : GMT 19:02:05
Arab Today, arab today
Arab Today, arab today

Arab unrest bad for business

Arab Today, arab today

Arab Today, arab today Arab unrest bad for business

Rome - AFP

Upheaval across the Arab world is causing capital flight of up to $500 million (349 million euros) a week, Jordanian Finance Minister Mohammed Abu Hammour said on Thursday at an Arab banking conference in Rome. \"There is capital flight. Five hundred million dollars a week are leaving the Arab world. Tourism is falling, foreign direct investment is falling,\" Hammour said, pointing to volatility in oil prices as another negative. \"Economic development is lagging. We need to guarantee job opportunities. This is a huge challenge... We need five million new jobs every year but we have only been able to generate three million jobs a year,\" he said. Hammour called for greater economic integration between Arab countries, greater assistance to small and medium-sized enterprises and development of the private sector as ways to improve the economic outlook for the region. The minister was taking part in the International Arab Banking Summit organised by the Union of Arab Banks with senior bankers and central bank governors to discuss the implications of political upheaval in the region. dt/hd

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today arab unrest bad for business Arab Today, arab today arab unrest bad for business

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today arab unrest bad for business Arab Today, arab today arab unrest bad for business

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday