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2019 estimate. • Total. $2.819 trillion ( 7th) The Council of Arab Economic Unity ( CAEU) (Arabic: مجلس الوحدة الاقتصادية العربية) was founded by Egypt, Iraq, Jordan, Kuwait, Libya, Mauritania, Palestine, Saudi Arabia, Sudan, Tunisia, Syria, United Arab Emirates and Yemen on May 30, 1964, following an ...
- 3 June 1957
- Arabic
- 2019 estimate
Council of Arab Economic Unity, Arab economic organization established in June 1957 by a resolution of the Arab Economic Council of the Arab League. Its first meeting was held in 1964. Members include Egypt, Iraq, Jordan, Kuwait, Libya, Mauritania, the Palestine Liberation Organization (PLO), Somalia, Sudan, Syria, United Arab Emirates, and Yemen.
- The Editors of Encyclopaedia Britannica
Based on latest figures and estimates, the Arab League has a GDP of approximately US$3.5 trillion at nominal values and $8.4 trillion at purchasing power parity (PPP). The member states with the largest nominal GDP are Saudi Arabia at US$1.07 trillion, followed by the UAE at $509.18 billion and Egypt at $389.4 billion.
The Council of Arab Economic Unity (CAEU) was founded by Egypt, Iraq, Jordan, Kuwait, Libya, Mauritania, Palestine, Saudi Arabia, Sudan, Tunisia, Syria, United Arab Emirates and Yemen on June 3, 1957. Title Arabic: مجلس الوحدة الاقتصادية العربية. Definition Arabic: تحت مظلة جامعة الدول العربية.
The Economic Council was renamed the Economic and Social Council in 1980. Responsibilities. The ESC continues to administer the Greater Arab Free Trade Area and the Arab Fund for Economic and Social Development, as well as supervising the Council of Arab Economic Unity and other subsidiary institutions. Summits
Promote trade among Arab countries; work to achieve full economic unity among member countries; ensure equal rights to member states and their citizens, according to founding agreement, of freedom of movement of individuals and capital, of exchange of domestic and foreign goods, of residence, work, employment and economic activities, of ...
The Council of Arab Economic Unity (CAEU) (Arabic: مجلس الوحدة الاقتصادية العربية) was founded by Egypt, Iraq, Jordan, Kuwait, Libya, Mauritania, Palestine, Saudi Arabia, Sudan, Tunisia, Syria, United Arab Emirates and Yemen on May 30, 1964, following an agreement in 1957 by the Economic Council of.
