G20 commerce ministers to discuss trade

Saudi Commerce Minister Majid al Qasabi speaks during an interview with Reuters in Riyadh, Saudi Arabia October 24, 2019. (REUTERS)
Short Url
Updated 20 September 2020

G20 commerce ministers to discuss trade

  • Saudi Arabia, the chair of the G20 presidency this year, has pledged its commitment to tackling the devastating impact of the pandemic on developing countries

RIYADH: The G20 commerce and investment ministers will hold a meeting on Tuesday.
The meeting aims to strengthen cooperation in commerce and investment policies. The minister will discuss ways to help boost growth and promote an inclusive and sustainable economy. They will also discuss steps to prop up the economy that has been badly affected by the coronavirus disease (COVID-19) pandemic.
The meeting will discuss G20 measures to support international commerce and investment in response to the pandemic and means to support reforms for a multilateral trading system.
Following the meeting, Saudi Commerce Minister Dr. Majid bin Abdullah Al-Qasabi and Minister of Investment Khalid Al-Falih will hold a press conference to brief the media about the meeting.
Saudi Arabia, the chair of the G20 presidency this year, has pledged its commitment to tackling the devastating impact of the pandemic on developing countries and some of society’s most vulnerable groups.
To achieve a quick economic response, specifically targeting developing countries, the G20 countries have coordinated with international financial institutions to provide the necessary liquidity to needy countries around the world.  
The group’s finance ministers and central bank governors had adopted an action plan in April aimed at supporting the global economy at this critical stage in the health crisis in order to achieve economic recovery as soon as possible.
The Kingdom is set to host the 15th G20 Summit in Riyadh on Nov. 21 and 22.


WATCH: Car ploughs through Grand Mosque courtyard in Makkah, crashes into door

Updated 5 min 48 sec ago

WATCH: Car ploughs through Grand Mosque courtyard in Makkah, crashes into door

  • Police say driver in ‘abnormal’ condition

RIYADH: Video footage captured the dramatic moment a car was driven at high speed across the courtyard of the Grand Mosque in Makkah, before finally smashing into one of the doors on Friday night.

Saudi security authorities then arrested a man who was pulled from the car, state news agency SPA reported.

Reports suggest the car was driven at high speed on a road surrounding the southern square the Grand Mosque, also known Masjid Haramain, SPA added, quoting the official spokesman of Makkah region, Sultan Al-Dossari.

He said the incident happened at around 10:30 p.m..

No one was hurt in the incodent the report added.

Investigators said the driver of the car was a Saudi citizen who was “in an abnormal condition.” 

The offender is being referred to the Public Prosecution office, it said.