Key Meetings for Executive Secretary Mervat Tallawy in Saudi by xcu79604

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									          Issue No.39/52                                                                                                   2 October 2006



          Key Meetings for Executive Secretary Mervat Tallawy in Saudi Arabia
                   With Prince Salman Bin AbdulAziz                          to integrated water resources policies as well as the establishment
                                                                             of a regional center for this issue to be adopted by Saudi Arabia.
                In a meeting with His Royal Highness Prince                  Prince Khaled assured that communications would be made
                Salman Bin AbdulAziz Al Saud, Governor of                    between the General Secretariat of the Prince Sultan Ibn Abdul
Riyadh, on the sidelines of the "First International Conference on           Aziz International Prize for Water and the UNESCWA Secretariat
Clean Development Mechanism in the Kingdom of Saudi Arabia"                  to look into means of supporting the Commission in this regard.
held from 19 to 21 September 2006, Executive Secretary Mervat                The Executive Secretary also invited Prince Khaled to deliver a
Tallawy commended the progress and prosperity witnessed in                   lecture at UNESCWA on a topic of his choice.
Riyadh. She hoped Western media would focus more on the
positives and achievements of the Arab region.                               Tallawy chaired the first session of the "First International
                                                                             Conference on Clean Development Mechanism in the Kingdom of
… and Prince Khaled Bin Sultan Bin AbdulAziz                                 Saudi Arabia" which focused on UNESCWA activities in this field,
Meeting in Jeddah with His Royal Highness Prince Khaled Bin                  particularly in energy efficiency and conservation, the use of
Sultan Bin AbdulAziz Al Saud, Assistant Minister of Defense and              environmentally friendly technologies and clean fossil fuels, and
Aviation and Inspector General for Military Affairs and Chairman of          undertaking studies on reducing greenhouse gas emissions. She
the Board of Directors of Prince Sultan Ibn Abdul Aziz International         also commended the balanced policy implemented by the
Prize for Water, Tallawy provided an overview of the mission and             Kingdom, in which it responds to the global demand for oil while
activities of UNESCWA in the Arab region, particularly with respect          taking into account local development needs.




Establishment of the Arab Water Utility Association                                                Towards Development of
                                                                                                    Arab Capital Markets
The "Arab Water Utility Association" (AWUA) was launched on 6 September at the end of
a consultative meeting held by UNESCWA and the German Technical Cooperation (GTZ)                  On 19 and 20 September 2006, the emirate
entitled "Proposal for Formation of an Arab Water Utilities Network" from 4 to 6 September         of Abu Dhabi hosted a major meeting on the
                                                                                                   "Role of Capital Markets in the Economic
2006 in Cairo. Held under the auspices of Egyptian Minister of Housing, Utilities and
                                                                                                   Development of UNESCWA Member
Urban Planning Ahmed El Magraby, the meeting came in the context of an UNESCWA -
                                                                                                   Countries". It is the second annual meeting
GTZ technical cooperation project aiming to improve water supply and sanitation services           to be held by UNESCWA in the framework
in the region, in collaboration with leading regional and international partners in this field.    of efforts to assist member countries in the
                        AWUA is expected to function as a self-sustainable, strong                 implementation of the recommendations of
                                                                                                   the International Conference on Financing
                        regional network of Arab water utilities providing benefits to
                                                                                                   for Development (Monterrey, March 2002).
                        members in improving their service delivery; making efficiency
                                                                                                   Co-sponsored by the Arab Planning
                        gains through performance benchmarking; developing and                     Institute, the Securities and Commodities
                        meeting modern technical standards; as well as capacity building           Authority in the United Arab Emirates and
                        and improving management of the very large investment                      the United Nations Department of
                        programmes in water supply and wastewater throughout the                   Economic and Social Affairs in New York
                        region. AWUA could provide a regional effective mechanism for              (UNDESA), the meeting provided an
members to interact effectively not only with each other but also with governments, the            opportunity to exchange ideas on how to
private sector, as well as donors and international lending organizations to the mutual            help capital markets operate more
benefit of all concerned.                                                                          effectively in order to achieve the regional
                                                                                                   development goals of poverty and
During the meeting, participants from 10 UNESCWA member countries discussed the                    unemployment reduction.
importance of cooperation and the improvement of water supply and sanitation service
delivery. A number of international experts, as well as experts of the German Association
for Water, Wastewater and Waste (DWA), presented keynote papers on lessons learnt
in establishing, managing and sustaining networks and highlighted the priority areas and
relevant issues that are to form the basis for AWUA. During discussions in the plenary
sessions and working groups, participants identified national and regional needs and
articulated their expectations of AWUA. The discussions were incorporated within a revised
and consolidated background paper outlining the proposed scope, aim, agenda,
activities, financial sustainability and organizational structure of the Association.
    UNESCWA Weekly News                                                                                                                                            page 2


                                                     The aim of the meeting was to provide an                      drop that followed in 2006. Participants
                                                     important venue for regional experts,                         identified key challenges restraining the
Establishment of the Arab         Water    Utility   government officials, and private sector                      growth and development of Arab capital
Association (Cont.)                                  representatives to elaborate ideas on                         markets, and limiting their role in
                                                     how to stimulate the region's emerging                        regional and international development,
UNESCWA and GTZ will provide an interim              capital markets and how these markets                         as well as the constraints they are facing.
                                                     can help promote "financing for
secretariat as well as support to AWUA over                                                                        Representatives from ten UNESCWA
                                                     development" as well as economic
such matters as drafting a suitable constitution.                                                                  member countries, eight Arab stock
                                                     development in UNESCWA member
DWA will host the next AWUA meeting in Bonn,         countries. The EGM began with a press                         markets, UN agencies and regional com-
Germany, from 10 to 16 December 2006. A              conference with the participation of Mr.                      missions, other regional and international
follow-up meeting will be held in Bahrain in         Abdallah Salem Al-Tarifi, Chief Executive                     organizations, experts and a large media
January 2007, followed by a launching                of the Securities and Commodities                             contingent attended this meeting.
meeting in April 2007 in Beirut to inaugurate        Authority, Mr. Jomo Kuwame Sundarme,                          Participants stressed the importance of
the Association.                                     Assistant Secretary-General of the                            developing Arab stock markets to
                                                     United Nations Department of Economic                         enhance their role in economic
                                                     and Social Affairs in New York, and Mr.                       development. They called on governments
                                                     Nazem Abdalla, UNESCWA Chief of the                           to improve their governance of
                                                     Globalization and Regional Integration                        companies and increase transparency
                                                     Division. This is in addition to the                          and disclosure in capital markets. They
                                                     participation of representatives from the
                                                                                                                   also called for improving the local
                                                     ministries of finance of UNESCWA
                                                                                                                   investment climate, accelerating economic
                                                     member countries, Arab capital markets
                                                     and other relevant officials.                                 reforms, developing investor-friendly
                                                                                                                   laws, promoting mergers among Arab
                                                     Participants discussed the development                        banks, enhancing investor awareness,
                                                     of Arab capital markets since their                           and removing restrictions on foreign
                                                     establishment, reviewing the laws                             investors. The final report was approved
                                                     governing their action and the                                during the meeting and sent to all
                                                     administrative bodies governing them.                         participants.
 New Publications                                    The organizational structure of capital
                                                     markets was also reviewed along with
                                                     an extensive focus on the sectors
 Comparison of Commitments of                        represented in it. Participants examined
 UNESCWA Member Countries in                         the relationship of these capital markets
 Various Trade Agreements                            with each other and the extent to which
                                                     they affect each other. The growth of
 E/ESCWA/GRID/2005/7                                 capital markets in the GCC was
The UNESCWA study                                    reviewed in the wake of increased oil
                                                     prices and their impact on all the Arab
"Comparing the Commit-
                                                     countries in 2005, as well as the steep
ments of UNESCWA
Countries in WTO, EU
Partnership, and GAFTA
Agreements: Case Studies
of Egypt and Jordan"                                 Facts and Figures
discusses and analyzes
developments in regional                             Annual Review of Developments in Globalization and Regional
arrangements after the
establishment of the World Trade                     Integration in the Countries of the UNESCWA Region, 2005
Organization (WTO), and its impact on                                   Ratio of intraregional trade to foreign trade for selected
multilateral trade and developing countries.                                           Arab countries, 1997-2004
The study aims to learn about regional trade                                       1997       1998        1999       2000        2001       2002       2003       2004
arrangements, discuss the types of regional           Bahrain                      23.5       15.2        14.5       15.3        14.5       15.6       16.4       17.5
integration, explore the WTO legal                    Algeria                       2.6        2.2         2.1        1.7         1.5        1.7        2.9        2.8
                                                      Egypt                         6.8        7.3         7.5        6.6         7.0        7.6        9.0       10.1
framework governing these arrangements,
                                                      Jordan                       31.4       26.8        27.7       28.8        11.6       26.5       26.2       33.7
discuss their impact on the economic                  Kuwait                        6.0        7.6         6.5        1.3                               7.5        6.5
                                                                                                                                  N/a        7.0
infrastructure, undertake a comparative               Lebanon                      10.3        9.7         9.9       12.3        14.6       16.6       16.8        19
analysis between commitments to these                 Libyan Arab                   7.5        8.1         7.1        6.1         6.5        6.6        6.5        5.6
agreements, and extract opinions with an              Jamahiriya                    7.0        4.0         3.0        3.3         2.9        4.5        4.0        4.7
eye to learning which trade arrangements              Mauritania                    8.7        5.0         4.2        4.8         5.0        8.0        8.1        6.9
                                                      Morocco
can be adhered to. Another aim of the study                                        19.6       25.1        22.4       20.4        17.3       18.4       14.1       17.8
                                                      Oman
is to examine conditions in the Arab world                                          7.5        10          8.8        8.6          7         7.1        4.5        7.0
                                                      Qatar
vis-à-vis the trade agreements signed                                               9.2        9.8         9.5        7.6         7.6        6.9        6.5        7.6
                                                      Saudi Arabia
                                                                                   35.4       17.1        18.4       16.3        14.1       14.3       22.8       18.0
between its countries and with countries              The Sudan
                                                                                    8.2       16.4        14.3       12.3        11.3       10.8       14.4       17.5
outside the region.                                   Syrian Arab Republic
                                                                                    6.1        5.7         5.4        7.8                               8.7        7.6
                                                      Tunisia                                                                     7.1        7.0
                                                      United Arab Emirates          6.6        8.3         7.9        7.9         7.0        6.8        7.0        6.5
The first of the study's three parts covers                                        12.2       19.9        14.4       15.8                              18.5        23
                                                      Yemen                                                                      13.5       16.2
regional and multilateral arrangements. The
second part consists of two case studies on
                                                      Sources: IMF, Direction of Trade Statistics Yearbook, 2001; IMF, Direction of Trade Statistics Quarterly,
Egypt and Jordan related to comparative                        June 2002; June 2003; June 2004; and June 2005.
commitments. Part three of the study
provides a conclusion to the discussions as
                                                                                                           Address
well as recommendations for the countries
                                                     P.O. Box 11-8575, Riad El-Solh, Beirut-Lebanon                     E-mail: webmaster-escwa@un.org
of the region.                                                                                                          Website: http://www.escwa.org.lb
                                                             Tel.: 961-1-981301, Fax: 961-1-981510

								
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