Arab League

A A A

DEFINITION

A union of Arab-speaking African and Asian countries formed in Cairo in 1945 to promote the independence, sovereignty, affairs and interests of its 22 member countries and four observers. The 22 members of the Arab League as of 2010 were Algeria, Bahrain, Comoros, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Somalia, Sudan, Syria, Tunisia, the United Arab Emirates and Yemen. The four observers are Brazil, Eritrea, India and Venezuela.

INVESTOPEDIA EXPLAINS

The Arab League countries have widely varying levels of population, wealth, GDP and literacy, they are all predominantly Muslim, Arabic-speaking countries. Through agreements for joint defense, economic cooperation and free trade, among others, the league helps its member countries to coordinate government and cultural programs to facilitate cooperation and limit conflict.


RELATED TERMS
  1. Emirates Investment Authority - ...

    A state-owned investment fund established in 2007 by the United Arab Emirates ...
  2. Organization Of Arab Petroleum ...

    An inter-governmental organization based in Kuwait that seeks to foster cooperation ...
  3. Sukuk

    An Islamic financial certificate, similar to a bond in Western finance, that ...
  4. Shirkah

    An Islamic finance term that describes a partnership between two or more individuals. ...
  5. Musharakah

    A joint enterprise or partnership structure with profit/loss sharing implications ...
  6. Sharia

    Islamic religious law that governs not only religious rituals, but aspects of ...
  7. AED (United Arab Emirates Dirham)

    The currency abbreviation for the United Arab Emirates dirham (AED), the currency ...
  8. Islamic Banking

    A banking system that is based on the principles of Islamic law (also known ...
  9. Murabaha

    An Islamic financing structure, where an intermediary buys a property with free ...
  10. Riba

    A concept in Islamic banking that refers to charged interest. It is forbidden ...
Related Articles
  1. Top 8 Most Tradable Currencies
    Forex Education

    Top 8 Most Tradable Currencies

  2. What Is International Trade?
    Personal Finance

    What Is International Trade?

  3. Globalization: Progress Or Profiteering?
    Economics

    Globalization: Progress Or Profiteering?

  4. Working With Islamic Finance
    Retirement

    Working With Islamic Finance

  5. Protest Divestment And The End Of Apartheid
    Economics

    Protest Divestment And The End Of Apartheid

  6. What is an Islamic investment policy?
    Investing

    What is an Islamic investment policy?

  7. What Is The World Trade Organization?
    Economics

    What Is The World Trade Organization?

  8. How Countries Deal With Debt
    Credit & Loans

    How Countries Deal With Debt

  9. The Taylor Rule: An Economic Model For ...
    Economics

    The Taylor Rule: An Economic Model For ...

  10. Taking Advantage of Pessimism
    Economics

    Taking Advantage of Pessimism

comments powered by Disqus
Hot Definitions
  1. Amplitude

    The difference in price from the midpoint of a trough to the midpoint of a peak of a security. Amplitude is positive when calculating a bullish retracement (when calculating from trough to peak) and negative when calculating a bearish retracement (when calculating from peak to trough).
  2. Ascending Triangle

    A bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trendlines. In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline connects a series of increasing troughs.
  3. National Best Bid and Offer - NBBO

    A term applying to the SEC requirement that brokers must guarantee customers the best available ask price when they buy securities and the best available bid price when they sell securities.
  4. Maintenance Margin

    The minimum amount of equity that must be maintained in a margin account. In the context of the NYSE and FINRA, after an investor has bought securities on margin, the minimum required level of margin is 25% of the total market value of the securities in the margin account.
  5. Leased Bank Guarantee

    A bank guarantee that is leased to a third party for a specific fee. The issuing bank will conduct due diligence on the creditworthiness of the customer looking to secure a bank guarantee, then lease a guarantee to that customer for a set amount of money and over a set period of time, typically less than two years.
  6. Degree Of Financial Leverage - DFL

    A ratio that measures the sensitivity of a company’s earnings per share (EPS) to fluctuations in its operating income, as a result of changes in its capital structure. Degree of Financial Leverage (DFL) measures the percentage change in EPS for a unit change in earnings before interest and taxes (EBIT).
Trading Center