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Tag Archives: G20

G20 to hold talks on Afghanistan

G20 leaders will hold a virtual summit on Tuesday to discuss Afghanistan, with the Italy-hosted talks focused on the humanitarian and security situation following the takeover by the Taliban. Italian Prime Minister Mario Draghi, whose country holds the rotating G20 presidency, has been pushing to widen the global discussion on …

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GCC wary of G7 corporate tax plans

The threat seemed clear. The low-tax countries of the Middle East would have to fall in line with the high tax-and-spend economies of Europe and North America, and impose big tax increases that would threaten their global competitiveness. But although initially hailed as “historic,” when the experts and policymakers got …

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Saudis reasonably optimistic about Biden over Iran

Saudi Arabia’s foreign minister said on Saturday he was confident that Democrat Joe Biden’s incoming U.S. administration would pursue policies that help regional stability and that any discussions with it would lead to strong cooperation. Riyadh is bracing itself for a new U.S. president who pledged on the election campaign …

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Saudi to set up underwater cultural centre

The Kingdom is to establish a new marine center to preserve underwater cultural heritage in the Red Sea and Arabian Gulf. The center is a natural development from Saudi Arabia’s awareness of its responsibility to protect all forms of heritage, Culture Minister Prince Badr bin Abdullah bin Farhan told a …

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South Korea hit badly by coronavirus spread

China reported another fall in new coronavirus infections outside of its epicenter on Sunday, but world health officials warned it was too early to make predictions about the outbreak as new cases and fears of contagion increased elsewhere. China’s health commission confirmed 648 new infections – higher than a day …

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IMF warns coronavirus will retard world economic growth

The fast-spreading coronavirus outbreak will likely lower China’s economic growth this year to 5.6%, down 0.4 percentage points from its January outlook, and shave 0.1 percentage points from global growth, the IMF said on Saturday. International Monetary Fund Managing Director Kristalina Georgieva presented the outlook to central bankers and finance …

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Japan offers to help Saudi non-oil economy

Japanese Prime Minister Shinzo Abe on Sunday praised Saudi Arabia’s efforts to reduce its dependence on oil and promised Crown Prince Mohammed bin Salman that Japan will help the kingdom with a sweeping reform plan. “Saudi Arabia’s ‘Vision 2030’ is an unprecedented major reform aimed at shifting away from dependence …

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Dutch Queen in controversial meeting with MBS

A United Nations official on Saturday joined Dutch lawmakers in criticizing Queen Maxima over a meeting she held with Saudi Crown Prince Mohammed bin Salman on the sidelines of the G-20 summit in Osaka this week. U.N. rapporteur on extrajudicial executions Agnes Callamard told newspaper Algemeen Dagblad it was “more …

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