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The general secretary of the Arab League, Ahmed Aboul Gheit, expressed sincere thanks and congratulations to the Lebanese president Michel Aoun, wishing Lebanon a successful presidency of the Arab economic summit and thanking also King Salman and the kingdom of Saudi Arabia for the wise management of the previous session.
Abul-Gheit said that this summit comes after six years of interruption, underlining that "there is no real stability of the nation without economic growth".
Abul-Gheit stressed that the development path is clear and well known and that the Arab countries should adopt it as other nations have done before it, and this will only be possible with fixed rates of economic growth of at least 7 or more. ; 8% per year. The Secretary General of the League of Arab States states that there are major crises afflicting the region and joining economic challenges.
Aboul Gheit has praised the efforts made by some Arab countries in the areas of infrastructure, communications and transport, but this remains without what the Arab nation aspires to. He stressed that the Arab region needs more to combine economies with each other to prevent economic shocks associated with certain sectors such as energy.
Abul-Gheit stressed that ambitious financial institutional reforms exist, but the path to development is still in its infancy, adding that knowledge and innovation are the main source of economic value.
He stressed the need to reduce the digital divide with other countries in the world, underlining that the main gap that separates us from developments in the global economy is the result of the poverty of finance and capital. Abul-Gheit said that the Arab world is the youngest population in the world and that if it is not used, it will become an instrument in the hands of terrorism. He added that the future of this nation will be built only to accept the other and overcome the differences between us.
Abul-Gheit said that 20% of the population of the Arab world is entering the so-called multidimensional poverty, which includes the lack of health services and education: over four million Syrian children have left their schools since the outbreak of the war seven years ago .
He said that Arab governments should face difficult demands to provide food to more than 350 million Arabs, conserve limited water resources, advance clean and renewable energies, tackle climate change and promote the liberalization of intra-EU trade – Arabic, which is still 12% modest.