Arab League

DEFINITION of 'Arab League'

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.

BREAKING DOWN 'Arab League'

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. Arab Monetary Fund

    A sub-organization of the Arab League that facilitates monetary ...
  2. Organization Of Arab Petroleum ...

    An inter-governmental organization based in Kuwait that seeks ...
  3. Emirates Investment Authority - ...

    A state-owned investment fund established in 2007 by the United ...
  4. Oman Investment Fund

    A state-owned investment fund established in 2006 by the Sultan. ...
  5. Middle East and North Africa - ...

    A region encompassing approximately 22 countries in the Middle ...
  6. AED (United Arab Emirates Dirham)

    The currency abbreviation for the United Arab Emirates dirham ...
Related Articles
  1. Insights

    3 Changes to the Economics of the English Premier League

    Discover how record TV deals, recent rule changes and U.S. investors are helping English Premier League clubs become more profitable than ever.
  2. Markets

    Organization of Petroleum Exporting Countries

    OPEC is a cartel that aims to manage the oil supply in order to set prices in the world market.
  3. Markets

    How Petro Economies Are Coping with $40 Oil

    Will petro economies be able to cope with a $40 per barrel oil price?
  4. Markets

    US-Saudi Relations: A Complex Scenario

    The relationship between the United States and Saudi Arabia is a long, complex story with numerous twists and turns.
  5. Insights

    Moody's Downgrades 3 Gulf Countries' Credit

    Moody's downgraded the credit ratings of three Gulf countries over the weekend.
  6. Trading

    About the EGP, or Egyptian Pound

    The EGP, or the Egyptian pound, is the currency of Egypt.
  7. Markets

    OPEC Strategy Stable, Saudi to Borrow $15 Billion (KSA)

    OPEC left it to markets to determine oil prices, which are likely to be influenced by the dollar in the run-up to the FOMC meeting.
  8. Personal Finance

    Where the World's Best Savers Live

    The 10 countries where the world's best savers live.
  9. Markets

    Can Saudi Arabia End its Oil Dependence?

    Will Saudi Arabia stay the course of diversifying its economy even if oil prices recover?
  10. Markets

    Low Oil Prices Are Forcing Economies to Diversify

    The impact of low oil prices goes beyond the pump. Here's how some countries are diversifying away from oil-based economies.
RELATED FAQS
  1. Which countries are able to produce oil and gas the cheapest?

    Read about the countries with the least expensive access to oil and gas, most of which are unsurprisingly located in the ... Read Answer >>
  2. Is Qatar a developed country?

    Find out about Qatar's status as a developing nation. Read about income inequality, infrastructure and plans for the future ... Read Answer >>
  3. What country is the world's largest oil producer?

    Learn which countries are considered to be the largest oil producers in the world, whether natural gas and biofuel are taken ... Read Answer >>
  4. What country has the wealthiest overall population?

    Find out which country has the wealthiest overall population, based on per capita income. Discover how this wealth was created ... Read Answer >>
  5. What economic indicators are most used when forecasting an exchange rate?

    Discover what economic indicators are most widely used to forecast a country’s exchange rate and how various factors influence ... Read Answer >>
  6. Is Brazil a developed country?

    Understand why Brazil's low per capita gross domestic product; high birth and death rates; and subpar living conditions classify ... Read Answer >>
Hot Definitions
  1. Quantitative Trading

    Trading strategies based on quantitative analysis which rely on mathematical computations and number crunching to identify ...
  2. Bond Ladder

    A portfolio of fixed-income securities in which each security has a significantly different maturity date. The purpose of ...
  3. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  4. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  5. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  6. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
Trading Center