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Daily News Egypt (20 December 2024)

Mohamed Samir

The Developing Eight (D-8) member states represent 15% of the world’s population and possess a combined economy valued at $1.3 trillion, according to Malaysian Higher Education Minister Zambry Abdul Kadir, who spoke at the organisation’s 11th summit in Cairo on Thursday. The D-8 countries include Egypt, Bangladesh, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey.

Abdul Kadir emphasised the economic significance of the D-8, noting the organisation’s focus on improving the economic conditions of its member countries. He stressed the necessity of mobilising resources and supporting emerging markets. He also called for an enhancement of the economic status of the D-8’s developing member states.

The Malaysian representative urged a reassessment of trade exchange levels among member states, highlighting that small and medium-sized enterprises (SMEs) form the backbone of the economy. (...)

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