The Sudanese Businessmen & Employers Federation hosted the proceedings of the 13th meetings of the ICCI’s Board of Directors in Khartoum, Sudan on Wednesday 30 November, 2011 headed by H. E Sheikh Saleh Kamel, President of the Islamic Chamber and in the presence of Vice President of Sudan Al-Hajj Adam Yusuf, heads of the OIC member federations of chambers of commerce, and Ambassador Ahmed Al Haddad, representative of the organization, with the participation of Mostafa Rif’at Oghlou Chairman of the Federation of Chambers of Commerce of Turkey,  and the Governor of Central Bank of Sudan Mohamed Khair Al-Zubair in addition to a number of Chairman of the Federation of Chambers of Commerce of Turkey.

 
The Secretary General of the Organization of Islamic Cooperation (OIC), Ekmeleddin Ihsanoglu called for increasing coordination among the OIC institutions of economy and enhancing intra-trade in the member countries to reach 20 % by 2015.
On behalf of the Secretary-General, Mr. Ambassador Hamid Obileiro delivered a speech at the coordination meeting of the OIC institutions working in the economic field, saying that the volume of the economic activities and diversity has significantly cemented as set out in the OIC Ten-Year Work plan in 2005.

 

The General Union of Arab Chambers will be celebrating its 60 Jubilee Anniversary on 12 March, 2012. It is the 60th anniversary of its establishment as the first Arab national institution concerned with national affairs of the Arab Economy and called for the common Arab market as a way of integration, development and preservation of wealth to be invested for the favor and welfare of the Arab nations.

 

Algeria achieved more than $26.39 billion last year, compared to $ 58.16 billion in 2010, with increase of 62.46 %.
The Algerian Customs showed that the exports of the past year amounted to $ 73.39 billion, against $ 57.05 billion, According to Saudi Press Agency
The imports of last year were valued at $ 46.45 billion, compared to $ 40.47 billion in 2010 with an increase of 14.78%
The improved balance of Algerian foreign trade in 2011 is attributed to the increase of fuels exports value and stability.
Source: Agencies

 

The value of direct foreign investments reached $ 4.9 billion, in Lebanon during 2011, head of General Organization for Investment Promotion in Lebanon, Nabil Aitaby announced
“The inflow of direct foreign investment to Lebanon is high compared to $ 4.820 billion in 2010.” Kuwait News Agency (KUNA) quoted Mr. Aitaby saying
He added that the new investments have been through (IDAL) the Kingdom of Saudi Arabia and the United Arab Emirates during the last year.

The Federal National Council (FNC) will host the second meeting of the Technical Committee of experts for the study of a draft Islamic Parliamentary Declaration.
The draft Islamic Parliamentary Declaration includes introduction and a number of principles, objectives and ten-year work plan for the period 2012 to 2017 to develop the role of Islamic parliamentary in addressing the challenges facing the Islamic Ummah.