Arab communities have been facing several challenges in light of the regional economic blocs in the world that require economic and social integration, according to Sheikh Hamdan bin Rashid Al-Maktoum, deputy ruler of Dubai and UAE minister of finance.
The real growth rate in the Arab region decreased 4.6 percent in 2010 to 2.4 percent in 2011, while the foreign debt rates in some Arab countries ranged between 22 percent to 86 percent and the foreign financial flows dropped from $ 20 billion to $ 16 billion, Sheikh Hamdan said in his address to the two-day Arab finance ministers and central bankers meet that opened at Grand Hyatt here.
“The Arab world needs $ 80.65 billion in agricultural investment to close the widening food gap” he added.
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