From The Gulf Times via Nanowerk:

The proposal for establishing an Arab Council on Nanotechnology (ACON) was presented by Al-Quds University’s Mukhles Sowwan while discussing about ‘Nanotechnology and molecular manufacturing: Towards balanced plans for responsible worldwide use.’

“The mission of ACON should be to raise awareness of the benefits and dangers of molecular nanotechnology, and assist in the creation and implementation of comprehensive balanced plans for responsible use of this technology,” he explained. Molecular manufacturing is the building of complex structures by mechanochemical processes and molecular nanotechnology is the ability to construct shapes, devices, and machines with atomic precision, and to combine them into a wide range of products inexpensively.

Referring to the benefits of molecular manufacturing, Sowwan pointed out that it can solve many of the world’s current problems, including providing solutions for water shortage, infectious diseases, and bringing down costs of electrical equipment, and power storage devices.

“However, the risks include unstable arms race on account of horrifically effective weapons, criminal and terrorist use because of small and hard to detect equipment, environmental damage or health risks from unregulated products, black market in molecular nanotechnology, and economic and social problems due to cheap products, inflated prices and change of lifestyle,” the expert said.

Interesting to see these ideas spreading around the world. Probably there is a translation error, though, in that last part; presumably one would not have the problem of cheapness and inflated prices at the same time. —Christine