The growth rate is also the highest in the last decade, with crude oil and natural gas contributing 32.7%, government services 14.2%, and manufacturing other than oil refining 8.6%.

ABU DHABI, UAE  - UAE Ministry of Culture and Youth (MCY) participated in the First G20 Culture Working Group (CWG) meeting held under the Indian Presidency. Attended by G20 members, invited countries, and international organizations such as United Nations Educational, Scientific and Cultural Organization (UNESCO), the meeting recently took place...

ABU DHABI, UAE -  Minister of State for Financial Affairs Mohamed Hadi Al Hussaini headed the UAE delegation participating in the first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in 2023. Held for the first time under the Indian presidency in Bengaluru, the meeting discussed the progress under...

The United Arab Emirates, France and India have issued a joint statement announcing the establishment of a trilateral cooperation initiative and the roadmap to begin its implementation. In the statement the three countries said the initiative will promote the design and execution of cooperation projects in various fields, including energy...

ABU DHABI, UAE - The UAE recently participated in the first Sustainable Finance Working Group (SFWG) meeting within the G20 Finance Track for 2023, which was held for the first time under the Indian Presidency. The meeting, which was held at Guwahati, Assam, India, sought to discuss the 2023 SFWG...

At G20's first Health Working Group meeting in India, UAE affirmed its commitment to play an active role in addressing global health challenges.

NEW DELHI, INDIA -   The UAE participated in G20'S first health working group session held in India from January 18 -20. The aim of the meeting was to discuss the priorities for the health track within G20 under the Indian presidency this year. The Indian G20 presidency said that it...

ABU DHABI, UAE -  The UAE participated in the Global Partnership for Financial Inclusion (GPFI) meeting in the Finance Track of the G20 for 2023 which was held under India’s G20 Presidency. The meeting was held to discuss the GPFI work plan for 2023 and agree on the financial inclusion...

BENGALURU, INDIA - The UAE participated in the first Framework Working Group (FWG) meeting within the G20 Finance Track, which was held on December 16-17 2022. Held for the first time under India’s G20 presidency in Bengaluru, the meeting sought to discuss the work plan for FWG in 2023, which...

Abu Dhabi, UAE— The G20 Interfaith Forum (IF20), the world’s leading organisation focused on the intersection of faith and policy at the G20 level, will be convening a global forum in Abu Dhabi on December 12-13, 2022. The UAE is hosting the event as part of its ongoing initiatives to...

The UAE's Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan has said that the Gulf country is determined to forge a world where prosperity is commonplace.

Asia-Pacific leaders added their voices to international pressure on Russia over its invasion of Ukraine, issuing a summit statement saying "most" of them condemned the war. The 21 members of the Asia-Pacific Economic Cooperation forum issued a joint declaration in Bangkok criticizing the conflict and the global economic turmoil it...

Among the agreements was Saudi investment for South Korean refiner S-OIL's Shaheen project, which would build petrochemical production facilities in South Korea worth $6.7 billion, according to the office of President Yoon Suk-yeol.

In the wake of a missile hitting Polish territory close to the border with Ukraine, US President Joe Biden and leaders of key allies held "emergency" talks on Wednesday, according to the White House. The session called an "emergency roundtable" by the White House website took place behind closed doors.

The two Gulf countries play a major role in strengthening the economic and sustainable development in Indonesia, which is hosting the 17th G20 Summit.

Bali, Indonesia— Crown Prince and Prime Minister of Saudi Arabia, Mohammed bin Salman, has arrived in Indonesia to take part in the G20 summit. He is leading the kingdom's delegation at the G20 summit. The crown prince met with French President Emmanuel Macron, Turkish President Recep Tayyip Erdogan and other...

Eyeing a joint G20 declaration that would condemn Russia's eight-month-old invasion and threats to use nuclear weapons, US and European officials painted the summit in Bali as evidence of Russia's deepening isolation. "I think you're going to see most members of the G20 make clear that they condemn Russia's war...

Proposing the creation of a Climate Solidarity Pact, bringing together developed and emerging economies to combine resources and capacities to benefit everyone on the planet, Guterres has urged wealthy nations and global financial institutions to support emerging economies.

BALI, INDONESIA - Speaking at the B20 Summit in Bali, Indonesia, Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi provided details on how the UAE continues to work to mobilize international efforts to stimulate trade and investment flows around the world. He said, in the keynote...

SOLO, INDONESIA - President Sheikh Mohamed bin Zayed Al Nahyan and President Joko Widodo of Indonesia held talks aimed at further strengthening relations between the two countries. Their meeting came as part of the UAE President's working visit to Indonesia to participate in the G20 Leaders' Summit at the invitation...

Beijing, China— China said on Monday it hopes a meeting between President Xi Jinping and his American counterpart Joe Biden ahead of the G20 summit will bring relations "back on track". Asked by AFP at a regular press briefing what China's expectations were from the face-to-face talks in Bali, foreign ministry...

The seemingly disembodied billionaire Twitter owner appeared by video link on Monday to address business leaders in Bali on the sidelines of the G20 summit, only his face and hands visible on an otherwise black screen.

Against the backdrop of the war in Ukraine that has fueled food and fuel prices, US Treasury Secretary Janet Yellen has said that the best way to end world economic tumult was to stop the Ukraine war. Speaking ahead of the G20 summit in Indonesia, she said, "ending Russia' war...

The G20 health ministers have agreed to establish a pandemic fund.

Musk, who also owns electric car maker Tesla, was due to speak at the so-called B20 business conference on the resort island of Bali but a court case over his 2018 pay package worth about $56 billion in stock options is slated to begin next week.

The visit is expected to last a few hours on Nov 14, and the Saudi Crown Prince and the Indian PM Narendra Modi are expected to depart for Bali to attend the G-20 summit, The Hindu reported and added that India’s foreign minister S Jaishankar had conveyed Modi’s invitation to...

UAE Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini met with India's Minister of Finance Nirmala Sitharaman on the sidelines of the G20 meetings in Washington.

The agency's report, published ahead of meetings of International Monetary Fund, the World Bank, and also of G20 finance ministers in Washington, highlighted the need for swift action. But UNDP chief Achim Steiner told reporters in Geneva that despite repeated warnings, "little has happened so far, and the risks have...

UAE's Ministry of Finance (MoF) participated in the third Framework Working Group (FWG) meeting within the G20 Finance Track for 2022.

UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri participated in the Agriculture Ministers’ Meeting in Bali as part of the G20 Summit.

Riyadh, Saudi Arabia - Saudi Minister of Tourism Ahmed bin Aqeel Al-Khatib said more cooperation is a must for sustainable future in tourism in G20 nations. It includes facing issues spawned by the Covid pandemic, taking collective action for renaissance of the tourism sector and partnerships between private and public...

According to the report, the number of foreign tourists visiting the kingdom has surged 121 percent from January to July 2022.

The UAE recently participated in the fifth International Financial Architecture (IFA) Working Group meeting within the G20 Finance Track for 2022, which was held in a hybrid format.

UAE Ministry of Finance (MoF) participated in G20 Finance Track’s fourth and last Infrastructure Working Group (IWG) meeting for 2022 on September 15 and 16.

UAE's Ministry of Health and Prevention (MoHAP) has taken part in the G20 Health Working Group (HWG3) meeting in Indonesia to discuss strengthening global health infrastructure through expanding manufacturing and research hubs for pandemic prevention, preparedness and response.

Indonesia has a viable path to reaching its target of net zero emissions by 2060, bringing major benefits to its citizens in the process such as more secure and affordable energy supplies, according to a new IEA report.

A senior UAE official at the Ministry of Energy and Infrastructure said that his country is committed to collaborating with the international community to confront challenges facing the global energy sector.

UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri participated in the Joint Environment and Climate Ministers’ Meeting as part of the G20 Summit in Indonesia.

Other issues to be tackled by the ministers include digital financial inclusion –- with more than a billion of the world's population still without access to a bank account -– and the deadline for an international tax rules overhaul.

UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan takes part in the G20 Foreign Ministers’ meeting held in Bali, Indonesia, on July 7-8. Such meetings help in promoting international cooperation to achieve sustainable development goals.

Meeting in person for the first time in two years, G20 leaders had climate change, the Covid pandemic, a tax deal and global economy worries on agenda.

Leaders of the world's most advanced nations are hoping to hammer out a way forward on climate change and vaccine equality.

Summit host Mario Draghi, the Italian prime minister, has called for a ‘G20 commitment on the need to limit the rise in temperatures to 1.5 degrees’ above pre-industrial levels. On Friday, British Prime Minister Boris Johnson gave a dire warning of what could happen if the world failed.

Saudi capital Riyadh has been ranked as the third smartest capital among the G20 member states and the 30th smartest city at the global level. Riyadh made qualitative progress on the IMD Smart Cities Index for 2021, issued by the International Institute for Management Development (IMD), as it jumped 23...

WHO chief Tedros Adhanom Ghebreyesus bluntly told the G20 they could no longer leave poorer countries hanging in the pandemic.

Saudi Arabia's Minister of Communications and Information Technology Abdullah bin Amer Al-Swaha has said that the best way to achieve zero emissions was to increase investment in science and technology. He said if the world continued to follow the current policies and technologies, its zero-emissions efficiency will be 30 to...

As demand has spiked, suppliers have not been able to keep up: Ships are lined up outside American ports waiting to offload goods, US consumer inflation remained elevated in September, global oil prices have jumped over $80 a barrel, the highest in years, and British families may do without turkeys...

Speaker of Saudi Shura Council Sheikh Dr. Abdullah Bin Mohammed Bin Ibrahim Al Al-Sheikh reviewed the kingdom's ties with Italy in a meeting with his Italian counterpart Maria Elisabetta Casellati. The two sides reviewed the bilateral ties and means of cooperation in all fields and discussed strengthening relations at various...

Following a 2018 reform in the Kingdom that allowed for a first time the 100 percent foreign ownership of companies, 59 percent of new investment projects in Q1 2021 were full foreign ownership, with the remainder being joint ventures with local investors.

A framework for international tax reform, including a minimum corporate rate of 15%, was agreed this month by 131 countries The reforms aim to prevent countries competing to offer the lowest tax rates to attract investment G20 finance ministers on Saturday gave their backing to a "historic" global deal to...