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. AED (United Arab Emirates Dirham)

    The currency abbreviation for the United Arab Emirates dirham ...
  6. State General Reserve Fund

    A sovereign wealth fund established in 1980 by the Sultanate ...
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. 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.
  7. Markets

    Can Saudi Arabia End its Oil Dependence?

    Will Saudi Arabia stay the course of diversifying its economy even if oil prices recover?
  8. 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.
  9. Markets

    Oil Production Freeze Talks in Doha Lead to Tehran

    When news of a secret meeting between oil producers in Doha, Qatar broke Monday, oil prices began to surge on hopes of a coordinated production cut, not to mention the first agreement between ...
  10. Markets

    Iran Says It's Open to Oil Talks With Saudi Arabia

    Iran's oil minister Bijan Zangeneh told Press TV on Tuesday that the country supports "any form of dialogue and cooperation with OPEC member states including Saudi Arabia."
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. 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 >>
  3. 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 >>
  4. 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 >>
  5. Which countries are most productive in terms of GDP?

    Countries around the world constantly compete with one another to be the most innovative and productive. Read to see which ... Read Answer >>
  6. What does it mean when a country has little activity in its capital account?

    Know what a country's capital account represents and understand what the implications are if a country has little activity ... Read Answer >>
Hot Definitions
  1. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  2. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
  3. Brexit

    The Brexit, an abbreviation of "British exit" that mirrors the term Grexit, refers to the possibility of Britain's withdrawal ...
  4. Underweight

    1. A situation where a portfolio does not hold a sufficient amount of a particular security when compared to the security's ...
  5. Russell 3000 Index

    A market capitalization weighted equity index maintained by the Russell Investment Group that seeks to be a benchmark of ...
  6. Enterprise Value (EV)

    A measure of a company's value, often used as an alternative to straightforward market capitalization. Enterprise value is ...
Trading Center