Thursday, January 30, 2020

Weekly News from the Arab World Essay Example for Free

Weekly News from the Arab World Essay There has been an observable interest coming from the public regarding events that is happening in the Arab World. This has something to do with the situations that happened in the past that involved the peace and order of the region. At present, the interest of most people is based on how the countries in the Middle East will deal with the present global financial crisis. News from this region mostly pertains to this issue as well as other events that are related with its peace and security. This week’s news gave emphasis on the situation of the Arab World when it comes to their financial stability especially with the looming crisis in their midst. According to recent updates, Arab markets continue to deteriorate. The region’s decreasing economic robustness is observable in its stock market that has been decreasing for four straight days. Tadawul All of Saudi Arabia, which is recognized as the largest stock holder in the Middle East, experienced a decreased of more than 7. 5 per sent of their shares. In the same manner, other Arab countries like the shares of Dubai lost more than 25 per cent of their trading value and even the Kuwait stock exchange, the second largest in the region decreased by 2. 8 per cent. These clearly show that the Arab World is also greatly affected by the financial crisis in the world today (Aljazeerah, 2008). There are also observable security threats in some countries in the region. This is greatly evident in Iraq when a bomb exploded at the Abu Dshir market. The bomb exploded a vehicle that killed 13 people and inflict injury to another 27. Even though there are still violent incidents in the country, police reported there is a steady decline in this kind of incidents. The latest notable attack was when the MP Moqtada Sadr from the Shia was killed by using a roadside bomb (BBC, 2008). On a lighter note, good things are also happening for some countries in the Arab World. One of which is the exclusion of Jordan from Egypt’s rice embargo. Egyptian Minister of International Cooperation Fayza Abul Naja explicitly announced that Egypt is willing to provide Jordan’s rice needs. This transaction does not only stand for economic partnership for these two countries but it also symbolizes their strengthening relationship. The Arab World like any other region in the globe is also facing numerous challenges (The Jordan Times, 2008). These problems occur in different areas of concern in the region. Nevertheless, they are doing what they can in order to address these dilemmas immediately to achieve favorable results for the Arab countries and most especially its people. References Aljazeera. (2008). Arab markets continue to dive. Retrieved October 10, 2008, from http://english. aljazeera. net/news/middleeast/2008/10/200810811223643836. html. BBC. (2008). Deadly bomb attack at Iraq market. Retrieved October 10, 2008, from http://news. bbc. co. uk/2/hi/middle_east/7664057. stm. The Jordan Times. (2008). Egypt excludes Jordan from embargo on rice exports. Retrieved October 10, 2008, from http://www. jordantimes. com/? news=11225.

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