UAE urges stronger trade ties among Islamic countries

Dubai, Oct 5 (IANS) The United Arab Emirates’ (UAE) minister of economy and foreign trade on Monday urged stronger economic ties among Islamic countries to further boost business across the world.

“There are 1.7 billion Muslims living worldwide and the economies of the 57 Islamic states grow at an average of 5 percent per year,” Economy Minister Sultan bin Saeed Al Mansoori said at the Global Islamic Economy Summit (GIES) 2015.

Earlier in the day, UAE Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed Bin Rashid Al-Maktoum inaugurated the two-day GIES, which has been organised by the Dubai Islamic Economy Development Centre (DIEDC), Xinhua news agency reported.

According to a DIEDC report released at the forum, the overall size of the Islamic economy worldwide is $1.81 trillion.

It is poised to grow to $2.58 trillion by 2020, the report added.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here