UAE Shines at G20 Labour and Employment Ministers’ Meeting in Brazil
The UAE took part in the G20 Labour and Employment Ministers’ Meeting in Fortaleza, Brazil, which ended on July 26. The meeting aimed to address the latest trends in the international labour market.
Key Highlights
Shayma Al Awadhi, Assistant Undersecretary for Communication and International Relations at the Ministry of Human Resources and Emiratisation (MoHRE), spoke at the forum. She emphasized the importance of G20 meetings as a platform for global leaders to discuss pressing issues and explore effective strategies for both short and long-term goals.
Al Awadhi highlighted the UAE’s significant strides in investing in advanced technologies, guided by its leadership’s vision. The UAE focuses on using cutting-edge technologies to improve lives and services, particularly in human resources and employment.
Technological Advancements
The UAE has ranked 12th globally on the IMD World Digital Competitiveness ranking in 2023. The country aims to double the digital economy’s GDP contribution from 9.7% to 19.4% over the next 10 years. The UAE is expected to spend USD 20 billion on digital technologies in the next three years, including IT, AI, IoT, blockchain, and robotics.
Investments in the UAE financial technology sector reached USD 1.3 billion, a 92% increase, thanks to the country’s advanced digital infrastructure and investment-friendly policies.
Labour Market Initiatives
Al Awadhi also highlighted various digital services offered by the Ministry of Human Resources and Emiratisation, such as the Wage Protection System (WPS) and the Smart Inspection System, benefiting 99% of private-sector workers.
Just Transition Leadership Forum
The UAE joined the Just Transition Leadership Forum, part of the G20 meeting, which discussed job creation, social inclusion, and reducing the gender pay gap. The event also included cultural programs and discussions on using technology to improve lives.
Doubts Revealed
UAE -: The UAE stands for the United Arab Emirates, a country in the Middle East known for its modern cities like Dubai and Abu Dhabi.
G20 -: The G20 is a group of 20 major economies, including countries like India, the USA, and China, that meet to discuss global economic issues.
Labour and Employment Ministers’ Meeting -: This is a gathering of ministers from different countries who are responsible for jobs and employment policies, where they discuss ways to improve work conditions and job opportunities.
Fortaleza -: Fortaleza is a city in Brazil, a large country in South America known for its rainforests and football.
Shayma Al Awadhi -: Shayma Al Awadhi is a representative from the UAE’s Ministry of Human Resources and Emiratisation, which deals with job-related issues in the UAE.
Ministry of Human Resources and Emiratisation -: This is a government department in the UAE that focuses on jobs, work conditions, and making sure people in the UAE have good employment opportunities.
GDP -: GDP stands for Gross Domestic Product, which is the total value of all goods and services produced in a country. It helps measure how well a country’s economy is doing.
Digital economy -: The digital economy involves economic activities that use digital technologies, like the internet, smartphones, and computers, to improve business and services.
Gender pay gap -: The gender pay gap is the difference in earnings between men and women, where men often get paid more for the same work. Reducing this gap means making sure women get paid fairly.