The Kingdom of Saudi Arabia has announced that the G20 summit will be held virtually in two months time.
The event will take place from November 21 to 22 under the chairmanship of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud.
Organisers say they plan to build on the success of the virtual extraordinary G20 Leaders’ Summit at the end of March and the results of more than 100 online working groups and ministerial meetings.
November's remote gathering will focus on protecting lives and restoring growth, by addressing vulnerabilities exposed during the COVID-19 pandemic and by laying down the foundations for a better future.
It will also foster international action to realise the opportunities of the 21st century, by empowering people and protecting the planet, while harnessing innovation's potential to shape new frontiers.
The G20 bloc is leading the fight against COVID-19 taking swift and unprecedented actions to protect lives, livelihoods and the most vulnerable.
The group has contributed more than US$ 21 billion to support the production, distribution, and access to diagnostics, therapeutics, and vaccines; and offered US$11 trillion to safeguard the global economy. It has provided more than US$14 billion in debt relief for less developed countries to finance their health systems and social programmes.
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
The UAE has launched an urgent humanitarian mission to assist communities affected by Hurricane Melissa, which devastated parts of Jamaica, Haiti and Cuba.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, looked at ways to advance cooperation with South Korea in key sectors during talks with President Lee Jae-myung in Gyeongju.