UAE participates in virtual G20

Tuesday, 31 March 2020 19:26

The UAE has participated in the second virtual G20 meeting for ministers of finance and central bank governors.

The UAE’s Minister of State for Financial Affairs, Obaid Humaid Al Tayer joined the group to discuss ways to use the world’s financial institutions to contain economic impacts of the COVID-19 pandemic.

Al Tayer said there are financial and monetary measures that need to be taken by all members of the G20 to protect the international community prevent a global economic crisis.

These will involve taking medium and long-term precautionary steps and measures to stimulate market recovery.

The virtual meeting was initiated by Saudi Arabia, the host of the next G20 summit.

More from UAE News

Abu Dhabi Police urges parents to ensure children use e-scooters safely

Abu Dhabi Police has urged parents to make sure children follow safety rules when using e-scooters and electric bicycles.
Dubai to ban trucks on key roads during 'peak hours'

Starting October 1, Dubai will introduce a complete ban or "peak hour" restrictions on truck movement on several key roads, based on "traffic corridor, area and congestion levels", with Emirates Road exempted from the decision.
Dubai Police issues warning after driver passes out and crashes car

Dubai Police has warned motorists against driving when feeling tired, sleepy or suffering from certain health conditions, after a driver lost consciousness and crashed his car into another vehicle on Umm Suqeim Street.
Sheikh Abdullah holds high-level meetings with global leaders in New York

Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has held separate meetings with Bangladeshi Prime Minister, Tarique Rahman, and Comoros President, Azali Assoumani, in New York.
Sharjah Police recovers stolen car within record 2 hours

A car thief has been arrested and the stolen car recovered within two hours of Sharjah Police receiving the report, setting a new record for the force.
High-level Saudi delegation offers condolences to H.H. Sheikh Mohammed

His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, received condolences from the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, on the passing of Sheikh Ahmed bin Rashid Al Maktoum.
Sharjah Police refutes reports of murder victim's family going missing

Sharjah Police have denied media reports claiming that the wife and son of a murder victim went missing after the crime was reported, adding that they returned to their home country following completion of the investigation.
UAE condemns attacks in Ethiopia, urges de-escalation

The UAE has strongly condemned recent attacks by the Tigray People's Liberation Front (TPLF) and allied armed groups against Ethiopian federal forces, as well as the seizure of airports in the Tigray region and the escalation of fighting in the neighbouring Afar and Amhara regions.