Business & Finance Club Magazine - Today's Event : Abdulla Ahmed Al Saleh, Director General of the Ministry of Foreign Trade, that the United Arab Emirates have benefited from the Turkish openness towards the Arab countries to promote economic cooperation in different fields especially in trade and investment. He said during his participation in the meeting during the fifth session of the Arab Turkish Economic Forum under the title (Arab-Turkish Partnership on the basis of strong ties for a promising future) as well as finance ministers from Turkey, Lebanon, Qatar, Iraq, Syria and the Director-General of the Jordan Investment Board, the value of trade between the UAE and Turkey increased from 700 million dollars in 2002 to nine billion dollars in 2008, pointing out that the UAE's third largest export market for Turkey.

He explained during the meeting which that the scale of Turkish investments in the UAE amounted to 5 6. Billions of dollars distributed to about 77 projects in various sectors and fields, especially in the construction sector in the UAE investments in Turkey about five billion dollars.

The key speakers at the gathering include Qatari Prime Minister and Minister of Foreign Affairs Sheikh Hamad Bin Jassem Bin Jabr Al Thani, Syrian Prime Minister Mohammad Naji Otri, Palestinian Prime Minister Salem Fayyad, Somalia Prime Minister Nur Hassan Hussein, Iraqi Deputy Prime Minister Barham Saleh and Arab League's General Coordinator for the Arab Economic, Social, and Development Summit Mervat Tallawy.

The agenda of the gathering includes; an update on economic developments, economic reforms and the changing investment environments in Turkey and the Arab countries; a Finance Summit where the ministries of finance from both sides will discuss the outlook of their financial markets; the political and economic cooperation between Turkey and the Arab world, on one hand, and the Eurasian countries, on the other; and the prospects of launching joint projects in oil and gas industries as well as the heavy industries.