G20

IHC Q1 net profit $2.17bn

The company launches Share Buyback Programme

Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.

ADQ buys stake in Plenary Group

The deal is aimed at expanding public and social infrastructure.

FPT and Nvidia to build AI factory

Nvidia had invested around $250 million in Vietnam.
  • IMF predicts soft landing for global economy, yet growth remains muted

    Dubai, UAE - The International Monetary Fund (IMF) in a report has indicated that the global economy is on course for a soft landing, despite ongoing weaknesses in activity and growth prospects. "The cyclical position of G20 countries has proven stronger than previously anticipated as disinflation has so far proceeded...
  • Resilient UAE health sector attracts job seekers

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

    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...
  • UAE takes part in financial inclusion meet under India G20 Presidency

    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...
  • UAE participates in First Framework Working Group meeting within G20 Finance Track

    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...
  • G20 Interfaith Forum to convene in Abu Dhabi

    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...
  • Supporting India’s G20 presidency is a priority for UAE, says Minister

    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.
  • ‘Most APEC members condemn war in Ukraine’

    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...
  • Saudi Arabia, South Korea agree to boost energy and defence ties

    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.
  • Biden, allies hold emergency talks after missile hits Poland

    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.
  • Saudi Arabia, UAE key partners in Indonesia’s growth

    The two Gulf countries play a major role in strengthening the economic and sustainable development in Indonesia, which is hosting the 17th G20 Summit.
  • Saudi Crown Prince and PM arrives in Indonesia for 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...
  • Russia under pressure as G20 tackles Ukraine war, soaring food prices

    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...
  • It’s time to create and support Climate Solidarity Pact

    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.
  • UAE urges global efforts for trade at B20 Summit in Indonesia

    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...
  • UAE, Indonesian Presidents to enhance bilateral relations

    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...
  • China expects improvement in relations with US after Xi-Biden meet

    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...
  • Musk sees aliens, tunnels in a candlelit G20 vision of the future

    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.
  • Janet Yellen says ending war in Ukraine can mend global economy

    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...
  • G20 health, finance ministers agree to launch US$1.4bn pandemic fund

    The G20 health ministers have agreed to establish a pandemic fund.
  • Musk decides to give Indonesia G20 business meet a miss

    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.
  • Mohammad bin Salman to visit India on way to Indonesia for G-20 summit

    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...
  • Finance Ministers of UAE, India discuss trade, economic ties

    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.
  • 54 poor nations urgently need debt relief: UN

    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 takes part in G20 Finance Track in Indonesia

    UAE's Ministry of Finance (MoF) participated in the third Framework Working Group (FWG) meeting within the G20 Finance Track for 2022.
  • ‘Agri-tech, innovation key in improving farmers’ livelihoods’

    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.
  • Saudi Arabia urges cooperation in tourism for sustainable future

    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...
  • Saudi Arabia ranks first in G20 visitors flow rating: report

    According to the report, the number of foreign tourists visiting the kingdom has surged 121 percent from January to July 2022.
  • UAE takes part in financial group meeting in Indonesia

    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 participates in G20 Finance Track’s Infrastructure meeting

    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 takes part in G20 Health Working Group in Indonesia

    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.
  • Clean energy is key for Indonesian economy, says IEA

    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.
  • UAE keen to work with global partners to address energy issues

    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 calls for global solidarity at environment ministers meet

    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.
  • G20 finance ministers, top bankers warn of energy crisis

    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 takes part in G20 Foreign Ministers’ meeting in Indonesia

    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.
  • What did the G20 summit agree?

    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.
  • Climate, economy, vaccines key focus of G20 talks

    Leaders of the world's most advanced nations are hoping to hammer out a way forward on climate change and vaccine equality.
  • World leaders discuss climate, economy, vaccines at G20

    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.
  • Riyadh ranks third smartest G20 capital, outperforms Paris and Hong Kong

    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...
  • World needs $23bn from G20 to fight pandemic: WHO

    WHO chief Tedros Adhanom Ghebreyesus bluntly told the G20 they could no longer leave poorer countries hanging in the pandemic.
  • Saudi minister: More investment in science and technology way to net-zero goal

    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...
  • IMF, G20 fret over supply chain bottlenecks, inflation fears

    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...
  • Saudi Arabia, Italy discuss bilateral ties on G20 summit sidelines

    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...
  • Saudi Arabia issues record 478 licenses in first quarter

    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.
  • G20 ministers endorse global deal to tax multinationals

    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...
  • G20 ministers set to green light global tax reform

    Finance ministers from the G20 richest nations are expected to give the green light Saturday to a historic deal to tax multinational companies more fairly.
  • G7 leaders pledge 1b Covid vaccine doses to poor countries

        Delivery of at least half of the doses pledged expected by the end of 2021 G7 countries will add to vaccine efforts announced at G20 Summit and Global Vaccine Summit   Leaders of major industrial nations have pledged to share about 1 billion Covid vaccine doses with low-income...
  • UNWTO’s first regional office opens in Riyadh

    Office will serve as a coordinating hub across 13 countries in the Middle East Best Tourism Villages of the World certification announced as one of the first initiatives driven by the office The first United Nations World Tourism Organization (UNWTO) regional office was officially opened today in Riyadh by UNWTO...