Picture used for illustrative purpose only.
The Kingdom of Saudi Arabia has assumed the G20 Presidency on Sunday, leading up to the G20 Leaders' Summit in Riyadh on Nov.21-22, 2020, Saudi Press Agency (SPA), reported on Sunday.
The Group of Twenty, or the G20, is the premier forum for international economic co-operation.
Saudi Arabia commended the work of the Japanese G20 Presidency in 2019.
Prince Mohammed Bin Salman Bin Abdul Aziz, Saudi Arabia’s Crown Prince, Deputy Prime Minister and Minister of Defence, said, "The Saudi G20 Presidency is committed to continue the work from Osaka and promote consensus."
"Working with our G20 partners, we will strive to deliver concrete actions and realise opportunities to enable us to face the challenges of the future," the Crown Prince added.
The G20 brings together the leaders of both developed and developing countries from every continent.
Collectively, G20 members represent around 80 per cent of the world’s economic output, two-thirds of global population and three-quarters of international trade.
Throughout the year, representatives from G20 countries gather to discuss financial and socioeconomic issues.
Russia and Saudi Arabia have agreed to extend a deal to keep oil production low owing to abundant world supplies, President Vladimir Putin said on Saturday. “We will extend this deal, Russia and Saudi Arabia. For how long?
Categories of people getting 'Premium Residency' varies between investors, doctors and those willing to settle with their families.
Careem NOW has expanded its delivery services to Riyadh, with over 100 restaurants and outlets available at launch. Careem NOW, which is already operational in Jeddah, is Careem’s expansion into the food-delivery market as the company expands its platform beyond ride-hailing.
The Opec oil-producing countries and ally Russia said on Friday they have agreed to cut their crude production by an extra 500,000 barrels a day as they try to support global energy prices.
Pakistan’s largest real estate portal, Zameen.com, successfully kicked off the third edition of its annual Pakistan Property Show (PPS) in Dubai on Friday.
The total number of international tourist arrivals to Dubai and Abu Dhabi increased to 15.88 million during the first nine months of the year, as compared to 15.26 million during the same period last year,
WTS Dhruva Consultants, a boutique tax advisory firm and FTA registered Tax Agent with presence in the UAE, Saudi Arabia and Bahrain, has published another comprehensive guide on ‘Impact of Indirect Taxes on Retail Sector