Today: 17 March 2025
26 March 2023
1 min read

UAE participates in G20 meet on finance

The UAE delegation further emphasised the importance of coordinated short and long-term policy measures to promote food and energy security…reports Asian Lite News

The UAE participated in the second Framework Working Group (FWG) meeting within the G20 Finance Track for 2023, which was held in Chennai, India, from the 24th to 25th of March to discuss the progress made on the 2023 FWG work plan.

G20 members, invited countries, and international organisations attended the meeting.

The UAE delegation included Shamma Yousif Abdelghani, Project Manager and Deputy Chief Innovation Officer at the Ministry of Finance, Saood AlNoori, Head of Asia Affairs – Diplomatic Engagement COP28, and Fares Khamis Al Kaabi, Senior International Economic Analysis at the Central Bank of the UAE.

FWG members discussed global economic outlook and challenges with specific focus on global inflation.

Additionally, they shared their views on food and energy insecurity by emphasising their implications on growth prospects and inflation.

During the meeting, the UAE delegation presented the UAE’s economic outlook in light of the current global landscape, including economic uncertainties and inflation levels.

The UAE delegation further emphasised the importance of coordinated short and long-term policy measures to promote food and energy security.

Lastly, the UAE delegation highlighted emerging uncertainties in the finance sector and discussed effective ways to promote global financial stability and prevent spillover effects.

The Indian presidency had also arranged a side event for the members to discuss macroeconomic risks stemming from climate change and transition pathways.

The side event was co-organised with the UAE, as the upcoming host of COP28, where the outcome of the discussions of the side event will help guide the G20 report on the macroeconomic risks stemming from climate change and transition pathways.

The members agreed to review the progress on the group’s work plan during the next upcoming meeting, at a date to be set by the Indian presidency.

ALSO READ-Xi, Putin align G20 stand

Previous Story

ChatGPT bug may have exposed payment information

Next Story

Dubai logs over AED8.6bn in weeklong real estate deals

Latest from -Top News

Palestinians Seek Help to End Israeli Siege 

The Palestinian Ministry of National Economy: “We remind the entire world that Israel is refusing to allow the entry of basic health and humanitarian needs, especially water, electricity, and food, to the

Dubai Glows with Ramadan Spirit

The stunning displays are a key highlight of the second edition of the #RamadanInDubai campaign. Dubai has transformed into a dazzling spectacle of light and artistry in celebration of Ramadan, with grand

UAE Celebrates Emirati Children’s Day

The United Arab Emirates is celebrating Emirati Children’s Day today, reaffirming its dedication to nurturing a safe and supportive environment for the nation’s children. This annual occasion highlights the UAE’s commitment to

US pullback on Gaza plan welcomed 

The Hamas movement also responded positively, stating that the reversal was a welcome move….reports Asian Lite News Palestinian, Jordanian, and Egyptian officials have welcomed US President Donald Trump’s decision to abandon his

Can AI Transform the Future of India-GCC Ties? 

One area where AI can significantly enhance India-GCC cooperation is in the field of supply chain management and logistics. …writes Sudhanshu Kumar and Rashi Randev  Recently, a few months back, the External
Go toTop

Don't Miss

Dubai Municipality wins 10 categories of International Stevie Awards

Dubai Municipality has achieved an exceptional and remarkable presence in

UAE Seeks More Aid Corridors For Gaza

The UAE Top Diplomat said that the escalating humanitarian crisis