His Excellency Mr. Ahmed Aboul Gheit, Secretary General of the League of Arab States, inaugurated the work of the 54th session of the Higher Coordination Committee for joint Arab action, which was held in Abu Dhabi, in the presence of the university’s general managers, heads of joint Arab action institutions and a number of Arab officials.
In his speech, His Excellency expressed his sincere thanks and gratitude to His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates, may God protect him, for his support for the efforts of joint Arab action, as well as his appreciation to His Highness Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior and Supreme President of the Arab Federation of Economy. Digital for its usual support and relentless keenness to establish close cooperation in the areas of the digital economy to serve Arab action. He also expressed his thanks to the Board of Directors of the Arab Union for Digital Economy for its efforts and for hosting the committee meetings.
His Excellency the Secretary-General of the Arab League added that the world has been facing, since the beginning of the current decade, an increase in the risks that threaten the prosperity and security of societies, which indicates the beginning of a new phase characterized by “instability”, and that perhaps one of the most prominent features of the phase is the continued high rates of inflation and debt, since the Corona pandemic, to higher levels. record, and the decline in global demand for commodities and the escalation of recession and unemployment, and that these effects made all governments walk on a tightrope, as it became necessary for them to deal with a difficult equation in order to provide protection for large segments of individuals from the consequences of the food and inflation crises, at a time when their revenues are under pressure. Severe economic downturn, high energy prices, deficit rates and debt.
His Excellency pointed out that it is noticeable and tangible the high cost of living, which has caused the deterioration of the purchasing power of large groups of societies, which may lead to a humanitarian crisis in some fragile countries, including some Arab countries, unfortunately, and may even cause various risks in a large number. of countries across the world, in light of the widening range of social inequality, and the deterioration of indicators of justice and development.
His Excellency the Secretary-General of the Arab League stated that the world is witnessing a complex of problems since the outbreak of the Russian-Ukrainian war, as the situation deteriorated to take a more dangerous turn, and that in order to face this volatile and dangerous global environment, it is necessary to redouble Arab efforts to protect the gains achieved by joint Arab action, and read Correct developments in the situation, and then provide the necessary support and advice to overcome its repercussions.
And he added that the convening of the recent Arab summit in Algeria is a positive indication of the restoration of Arab action’s momentum, in light of the summit’s discussions touching on a set of important economic and social issues, foremost of which is the issue of Arab food security. Sustainable Arab Agricultural Development 2020-2030, as well as the initiative to improve the technological quality of locally produced wheat. And that the summit has assigned the institutions of joint Arab action to implement the programs and activities presented and to mobilize the necessary financing for them in cooperation with all partners.
His Excellency noted that the year 2022 witnessed an important global event, as the Arab Republic of Egypt hosted the COP27 Climate Summit in Sharm El-Sheikh, which received great Arab interest, which will undoubtedly contribute to raising Arab awareness of climate issues. It also came out with important decisions in the areas of financing, technology transfer, and implementation of international agreements and promises. To reduce the risks of climate change.
His Excellency the Secretary-General of the Arab League also informed the members of the Committee that the Fifth Arab Development Summit will be held on November 6 and 7 in the capital, Nouakchott.