UAE to participate in G20 virtual summit

Unidentified guests attend a meeting of Finance ministers and central bank governors of the G20 nations in the Saudi capital Riyadh on February 23, 2020. (File/AFP)
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Updated 26 March 2020

UAE to participate in G20 virtual summit

  • Saudi Arabia’s King Salman said on Wednesday in a tweet that the G20 major economies will hold an exceptional summit to plan initiatives that can help combat the pandemic

DUBAI: The UAE will take part in the G20 summit chaired by Saudi Arabia’s King Salman, Abu Dhabi’s Crown Prince Sheikh Mohamed bin Zayed Al-Nahyan said in a tweet on Thursday.
“In the spirit of global solidarity, the UAE takes part in today’s G20 summit chaired by the His Majesty King Salman of Saudi Arabia. We face an unprecedented challenge in COVID-19, and the people of the world anticipate this meeting to result in effective international measures,” he said.
Saudi Arabia’s King Salman said on Wednesday in a tweet that the G20 major economies will hold an exceptional summit to plan initiatives that can help combat the pandemic.
“As the world confronts the COVID-19 pandemic and the challenges to healthcare systems and the global economy, we convene this extraordinary G20 summit to unite efforts towards a global response,” he said.


Bahrain to spend $570m on private sector salaries

Updated 08 April 2020

Bahrain to spend $570m on private sector salaries

  • Bahrain's government will spend $570 million on paying salaries to all 100,000 of its citizens employed in the private sector from April to June

DUBAI: Bahrain’s government will spend $570 million in salaries for 100,000 private sector workers from April to June to help with the impact of the coronavirus outbreak, the labor ministry said on Wednesday.
The government will also pay electricity and water bills for all Bahraini citizens and businesses and will extend some tax breaks on properties and tourism, it said in a statement.
The initiative is part of a $11 billion stimulus package announced by the government for the private sector to mitigate the impact on the economy from the outbreak.