UAE Strengthens Global Ties at B20 Summit in Brazil
The UAE hosted the UAE-Global Business Forum alongside the B20 meeting in Sao Paulo, Brazil. Organized by the UAE Ministry of Economy, the forum aimed to build strong relations with G20 nations and highlight the UAE’s role as a global trade hub. Key discussions focused on renewable energy, technology, and food security. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, led the delegation, emphasizing the importance of sustainable development and inclusivity in global trade.
The B20 Summit, held on October 24-25, gathered around 1,000 business leaders from G20 countries under the theme “Inclusive Growth for a Sustainable Future.” The UAE’s participation as an invited guest reflects its growing influence in global trade. The UAE delegation included Ambassador Saleh Ahmad AlSuwaidi, Consulate General Abdalla Shaheen, and Juma Mohammed Al Kait, along with 30 senior officials and business leaders.
Dr. Thani Al Zeyoudi highlighted the role of the private sector in driving innovation and efficiency in global trade. He stressed the importance of collaboration between public and private sectors to ensure global supply chains remain growth enablers. The UAE’s trade with G20 countries reached USD 196.1 billion in the first half of 2024, marking a 4.1% increase from the previous year.
Doubts Revealed
UAE -: UAE stands for the United Arab Emirates, which is a country in the Middle East known for its cities like Dubai and Abu Dhabi.
B20 Summit -: The B20 Summit is a meeting of business leaders from the G20 countries, which are the world’s largest economies, to discuss important global economic issues.
G20 -: G20 is a group of 20 major economies in the world, including countries like India, the USA, and China, that work together to address global economic challenges.
Thani bin Ahmed Al Zeyoudi -: Thani bin Ahmed Al Zeyoudi is a government official from the UAE who works on international trade and economic matters.
Renewable energy -: Renewable energy comes from natural sources like the sun, wind, and water, which can be used to produce electricity without harming the environment.
Food security -: Food security means having enough food for everyone to eat, and making sure that food is safe and nutritious.
USD 196.1 billion -: USD 196.1 billion is a large amount of money, measured in US dollars, which shows how much trade the UAE did with G20 countries in the first half of 2024.
