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economic cooperation

Pakistani expats have contributed to Saudi Arabia’s development, growth and prosperity

Pakistan and Saudi Arabia have strong brotherly relations, deeply ingrained in the hearts of the people of the two countries.
The presence of more than 2.7 million Pakistanis in Saudi Arabia is a reflection of the strong bonds between the two nations. These expatriates have contributed to Saudi Arabia’s development, growth and prosperity.

Malaysia, Turkey signs FTA to boost bilateral trade

Source : The Star | 19 Apr 2014

Malaysia and Turkey signed a free trade agreement that will boost bilateral trade and diplomatic ties between the two countries. International Trade and Industry Minister Datuk Seri Mustapa Mohamed and Turkish Economic Minister Nihat Zekbejci signed the Free Trade Agreement between the two nations here this Thursday.


Four Gulf countries to announce common currency

Source : Agencies | 03 Dec 2013

Four Gulf Cooperation Council (GCC) countries will announce the introduction of a common currency by the end of December, a Bahraini daily reported on Sunday.

The common currency to be announced by Bahrain, Kuwait, Qatar and Saudi Arabia will be pegged to the dollar, a source told Akhbar Al Khaleej.


Despite progress, long way to go in fight against malnutrition - FAO

By Maria Caspani / 5 June 2013

The social and economic cost of malnutrition is huge, equalling as much as five percent of global GDP, and governments worldwide should renew efforts to eradicate it, the U.N. Food and Agriculture Organization said on Tuesday. 

Although some progress has been made in fighting hunger, a form of malnutrition, there is still "a long way ahead," FAO Executive Director Graziano da Silva said in a statement to mark the release of the organization's annual report.


IDB moves to ensure food security in Africa

Source : Arab News | 07 Aug 2012

The Islamic Development Bank has approved finances worth $ 275 million for a number of agricultural and water projects in some member countries in Africa as part of its efforts to ensure food security and boost development.

Ahmed Mohamed Ali, president of the bank, said: “The amount is allocated exclusively for the development of agriculture, livestock and water supplies in the rural areas of Cameroon, Chad, Uganda, Benin, Burkina Faso, Mali, Niger, Mauritania and Togo.


Malaysia, Australia to sign free trade agreement

Source : Agencies | Kuala Lumpur | 21 May 2012

Australia will sign a free trade agreement(FTA) with Malaysia on Tuesday in a move it hopes will add new momentum to stalled bilateral trade talks with other key Asian trading partners.

Australia is still negotiating free trade deals with South Korea, Japan and China, with progress in reaching agreement with Beijing and Tokyo slow.

The deal with Malaysia, which will be Australia's sixth FTA, will be signed in Kuala Lumpur, said a spokesman for Australian Trade Minister Craig Emerson.


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