ARN News Centre

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

UAE to begin lifting drone-use restrictions

The UAE has announced restrictions on drone activities will be lifted in phases on November 25, beginning with licenses for companies and government agencies.
Dubai Police warn residents of scam calls

Dubai Police have warned against calls from scammers asking for financial details, reminding residents official institutions will never request this information over the phone.
UAE President welcomes Indonesian counterpart

President His Highness Sheikh Mohamed bin Zayed Al Nahyan received President Prabowo Subianto of Indonesia at his official reception ceremony in Qasr Al Watan on Saturday.
Indonesian President arrives in UAE on state visit

His Excellency President Prabowo Subianto of Indonesia arrived in Abu Dhabi on Saturday on an official state visit to the United Arab Emirates.