A UAE delegation has participated in the second finance ministers' and central bank governors' meeting of the G20 Finance Track for 2023.
The meeting was held on the sidelines of this year's spring meetings of the World Bank and the International Monetary Fund in Washington.
The UAE contingent was led by Mohamed Al Hussaini, Minister of State for Financial Affairs.
Officials reviewed the progress made by the finance track and discussed the views of G20 members on the priorities and goals set by the Indian presidency of the grouping for this year.
The G20 is an intergovernmental forum comprising 19 countries and the EU.
Mr Al Hussaini emphasised the importance of considering different circumstances of low and middle-income country groups to address global debt vulnerabilities.
He said the UAE backed multilateral collaboration to enable co-ordinated responses to the macroeconomic implications of climate change and to facilitate exploration of opportunities to address climate risks.
The collaboration between the G20 and the Cop28 climate talks will be key to establishing a strong foundation for providing actionable insights to address the macroeconomic effects of climate change, Mr Al Hussaini said.
Cop28 will be held from November 30 to December 12, at Expo City Dubai, and is expected to be attended by about 70,000 participants, including heads of state, government officials, leaders of global industrial sectors, representatives of the private sector and climate experts.
“The UAE will work to advance collective co-operation between all governments, companies, youth and the civil society to devise practical climate solutions, raise ambitions, and enhance sustainable economic growth,” Mr Al Hussaini said.
“The goal is to make Cop28 inclusive and effective, uniting all sectors in developed and developing countries to focus on realistic solutions.”
The discussions focused on strengthening economic partnerships to address uncertainties in the global economic outlook, and measures to scale up sustainable finance and financing for meeting sustainable development goals.
The delegates also discussed ways to implement tax treaty-related measures, to prevent base erosion and profit-shifting, while advancing the international taxation agenda.
On strengthening the role of multilateral development banks, Mr Al Hussaini said the UAE welcomed the formation of the G20 expert group to provide advice on enhancing the financing role of MDBs and their ecosystem.
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
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The biog
Favourite film: The Notebook
Favourite book: What I know for sure by Oprah Winfrey
Favourite quote: “Social equality is the only basis of human happiness” Nelson Madela. Hometown: Emmen, The Netherlands
Favourite activities: Walking on the beach, eating at restaurants and spending time with friends
Job: Founder and Managing Director of Mawaheb from Beautiful Peopl
What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
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Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
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New UK refugee system
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- Shortened leave to remain - refugees will receive 30 months instead of five years
- A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
- To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
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Oppenheimer
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2007: Lebanon and Cyprus define their respective exclusive economic zones to facilitate oil and gas exploration. Israel uses this to define its EEZ with Cyprus
2011: Lebanon disputes Israeli-proposed line and submits documents to UN showing different EEZ. Cyprus offers to mediate without much progress.
2018: Lebanon signs first offshore oil and gas licencing deal with consortium of France’s Total, Italy’s Eni and Russia’s Novatek.
2018-2019: US seeks to mediate between Israel and Lebanon to prevent clashes over oil and gas resources.
The biog
Alwyn Stephen says much of his success is a result of taking an educated chance on business decisions.
His advice to anyone starting out in business is to have no fear as life is about taking on challenges.
“If you have the ambition and dream of something, follow that dream, be positive, determined and set goals.
"Nothing and no-one can stop you from succeeding with the right work application, and a little bit of luck along the way.”
Mr Stephen sells his luxury fragrances at selected perfumeries around the UAE, including the House of Niche Boutique in Al Seef.
He relaxes by spending time with his family at home, and enjoying his wife’s India cooking.
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How to get there
Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
