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Another common issue that the region has addressed in economic and policy reforms is the integration of the Middle East into the global economy. Reports of economic reform in the Middle East in the early 2000s called for massive reforms to improve the Middle East's global financial integration as it stood below most developed regions.
Country GDP nominal billions of USD List of countries by GDP (per capita) Afghanistan 19.8: 508.81 Algeria 145.2: 3,310.39 Comoros 1.2: 1,402.60 Djibouti 3.4: 3,425.50 Libya
Middle East economic integration refers to the process of improving economic cooperation, coordination, and connectivity among countries in the Middle East and North Africa (MENA) region. This process aims to create a unified economic space that allows for the free movement of goods, services, capital, and labor across national borders within ...
Pages in category "Economy of the Middle East" The following 9 pages are in this category, out of 9 total. This list may not reflect recent changes. ...
Economic history of the Arab world addresses the history of economic activity in the Arabic-speaking countries and the stretching of Atlantic Ocean in the west to the Arabian Sea in the east, and from the Mediterranean Sea in the north to the Horn of Africa and the Indian Ocean in the southeast from the time of its origins in the Arabian peninsula and spread in the 7th century CE Muslim ...
The economy has traditionally been dependent on exports of oil and natural gas; however, the tourism sector has grown rapidly, becoming the fastest-growing sector in the region. The Greater Arab Free Trade Area , founded in 1997, is the league's free trade area which removed customs taxes on 65% of trade between counties in the Arab World .
Saudi Arabia remains the top Arab economy in terms of total GDP. It is Asia's eleventh largest economy, followed by Egypt and Algeria, which were the second and third largest economies in Africa, after South Africa, in 2006. In terms of GDP per capita, Qatar is the richest developing country in the world. [82]
A supporter of Islamic economics describes a "major difficulty" faced by Islamic reformers of Islamic economics and pointed out by other authors, namely that because a financial system is an "integrated and coherent structure", to create an Islamic system "based on trust, community and no interest" requires "changes and interventions on several ...