G20 finance chiefs to discuss global economy on Wednesday

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Updated 14 October 2020

G20 finance chiefs to discuss global economy on Wednesday

RIYADH: Finance ministers and central bank governors of the G20 countries will hold a meeting on Wednesday to discuss the global economy, negative risks, and policies to ensure a sustainable economic recovery. Saudi Finance Minister Mohammad Al-Jadaan and Dr. Ahmed Al-Khulaifi, governor of the Saudi Arabian Monetary Authority, will co-chair the meeting.
The finance chiefs will discuss ways to support the global economy during the coronavirus disease (COVID-19) pandemic. They will also review the progress made in the G20 initiative to suspend debt service payment and a proposal to extend the suspension to 2021.
The participants will also address structuring and regulatory issues related to the G20 financial sector to keep pace with rapid digital transformation. The G20 ministers will discuss the outlines of a fair, sustainable, and modern international taxation system. In this context, they will discuss challenges arising from the digitization of the economy and the resulting tax base erosion.


Thunderstorm alerts issued across Saudi Arabia

Updated 39 min 42 sec ago

Thunderstorm alerts issued across Saudi Arabia

  • Some areas should expect heavy rain that may lead to torrential flows

RIYADH: Saudi Arabia’s civil defense has issued weather warnings on Sunday to various areas in the Kingdom from Monday until Thursday.

It warned of continued thunderstorms in Riyadh, Makkah, Al-Baha, Asir, Jazan, Qassim, the Eastern Province, Hail and the Northern Borders Province.

The authority said some areas should expect heavy rain that may lead to torrential flows.

Madinah and Jawf regions can expect moderate rains and brisk winds.

The General Directorate of Civil Defense based its warnings on data provided by the Kingdom's General Authority of Meteorology and Environmental Protection.

The civil defense called on everyone to be aware of the potential dangers of these environmental conditions, to avoid areas where torrents gather and to listen out for the civil defense's announcements.