Sharif Said, the head of Tajikistan’s Chamber of Commerce and Industry (CCI) on January 23 met here with Mohamed Ismail Al Rabea, Secretary-General of the Council of Arab Economic Unity (CAEU), the Arab League.
Mohamed Ismail Al Rabea heading CAEU delegation reportedly arrived in Dushanbe for purpose of studying investment and business climate in Tajikistan and seeking establishment of economic cooperation with Tajikistan.
Sharif Said and Mohamed Ismail Al Rabea discussed issues related to the possibility of participation of Arab private companies in financing hydropower projects in Tajikistan.
Tajikistan’s CCI and CAUE reportedly intend to sign an agreement on setting up a joint Business Council.
CAUE representatives confirmed their interest in expanding cooperation with Tajikistan’s private sector.
The Arab League, formally the League of Arab States, is a regional organization of Arab states in and around North Africa, the Horn of Africa and Arabia. It was formed in Cairo on March 22, 1945 with six members: Kingdom of Egypt, Kingdom of Iraq, Transjordan (renamed Jordan in 1949), Lebanon, Saudi Arabia, and Syria. Yemen joined as a member on May 5, 1945. Currently, the League has 22 members, but Syria's participation has been suspended since November 2011, as a consequence of government repression during the Syrian Civil War.
The League's main goal is to “draw closer the relations between member States and co-ordinate collaboration between them, to safeguard their independence and sovereignty, and to consider in a general way the affairs and interests of the Arab countries.”
Through institutions, such as the Arab League Educational, Cultural and Scientific Organization (ALECSO) and the Economic and Social Council of the Arab League's Council of Arab Economic Unity (CAEU), the Arab League facilitates political, economic, cultural, scientific, and social programs designed to promote the interests of the Arab world.
The Council of Arab Economic Unity (CAEU) was founded by Egypt, Iraq, Jordan, Kuwait, Libya, Mauritania, Palestine, Saudi Arabia, Sudan, Tunisia, Syria, United Arab Emirates and Yemen on May 30, 1964, following an agreement in 1957 by the Economic Council of the Arab League.
