President of the African International Institute for Peace: Diversity of income sources is an urgent
President of the African International Institute for Peace: Diversity of income sources is an urgent need to build a strong Arab economy capable of meeting challenges The head of the African International Institute for Peace, Dr. Hadi Ajab, affirmed that the upgrading of the economy of the Middle East and making it among the world's advanced economies depends on the achievement of a number of things, foremost of which is diversification of sources of income and research in the investment of domestic capital before As well as benefiting from local employment in the implementation of investment projects to reduce expenditures, as well as reduce a little of the phenomenon of unemployment prevalent in the Arab countries, especially those that suffer from unstable and unstable economies.
On the sidelines of the Free Economic Summit hosted by the European Parliament for two consecutive days and attended by the European Arab News Agency (INA News), the head of the African International Institute for Peace, "Hadi Ajab role" in a detailed interview of our agency to the content of the (free economic summit) With representatives of more than 25 Latin American countries, United States, United Kingdom, European Union and other European countries, as well as the participation of countries from Africa and the Middle East. A group of experts and experts in the field of economy and decision-making The meetings of these important issues touched on the important topics that the world is going through, especially in the field of political transformations and money from the economic aspect.
He added that the attendees discussed during the meetings, which extended from early strength and ended in late Naly the subject of the global financial crisis and its repercussions on the countries of the world as well as the impact of financial corruption and money laundering and debt issues accumulated for countries on the global economy, which has been locked political developments. In response to a question on the overall problems facing the Middle East countries at various levels and their impact on the global economy, he pointed out that this region is one of the most flexible and delicate regions in the world as an oil producer, which feeds more than 70% of global needs. The global economy, the problem in this region along with the Gulf states lies in the establishment of a conflict zone and influence between the United States and its allies on the one hand and Iran and with them on the other, especially with the confirmation of US President "Donald Trump" and many times and through more than a statement that has the tendency to USA First and foremost, the other regional issues related to the economy, security and war in the Middle East, as in Syria now and other repercussions in the Middle East (oil and gas issues), and the entry of Turkey and Egypt on the line are discussed. The issue is complex and the real problem is that the economy The Middle East in general and the Gulf in particular are in the midst of a difficult examination due to foreign influence in the region
He also pointed out that the regional influence has gradually expanded and the countries are racing with each other in the issue of armaments, which may have negative returns because the issue of investment and the transfer of funds began to take another direction in view of the emergence of the port of Quir in Pakistan as a new competitor to Jebel Ali Port in the UAE, Economic issues are interrelated and may have negative consequences in the next phase unless things are rearranged well. In response to a question on how to advance the Middle East economy in light of the challenges it faces, he said: "The Middle East economy is emerging from the challenges it currently faces in conflict zones. It is a consumer-based economy, not a solid infrastructure that can meet these challenges." Because it depends heavily on oil, which generates the large incomes of those countries, which is a monolithic economy and thus is affected greatly by the decline in oil prices (an economy is not diversified), which is also linked to the shape and shape of local, regional and international political developments, it has to raise the economy The Middle East is based on geopolitical factors as well as extensive future studies based on the diversification of sources of income in various fields of life to meet any challenges or developments that may cast a shadow over the citizen.