G20 Sherpas Discuss Restoring Growth

Sherpas concluded their second extraordinary Sherpa meeting under the G20 Saudi Presidency on Friday.
Sherpas concluded their second extraordinary Sherpa meeting under the G20 Saudi Presidency on Friday.
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G20 Sherpas Discuss Restoring Growth

Sherpas concluded their second extraordinary Sherpa meeting under the G20 Saudi Presidency on Friday.
Sherpas concluded their second extraordinary Sherpa meeting under the G20 Saudi Presidency on Friday.

The Second G20 Extraordinary Sherpa Meeting was held virtually on Friday, under the Saudi G20 Presidency, with participation from all G20 members, invited countries, and international organizations

G20 Sherpas took stock of the progress achieved on the commitments by the G20 Leaders in the Extraordinary Leaders’ Summit that was held in March, with a focus on health, global economy, trade and international cooperation, the Saudi G20 Secretariat said in a statement.

Sherpas discussed opportunities to build long-term resilience, such as better prepared health and social protection systems, emergency response for least developing countries, and efforts to protect the environment for a stronger global recovery. Sherpas also discussed the progress in all the G20 work streams, and the way forward towards the G20 Leaders’ Summit in November.

The Saudi G20 Sherpa, Fahad Almubarak, highlighted the importance of continuing the G20 collective efforts to achieve the commitments made by the Leaders in response to the coronavirus pandemic in order to protect lives and restore growth.

In his opening remarks, Almubarak emphasized that “a united global leadership is greatly required to emerge from this pandemic stronger and in a more resilient, inclusive and sustainable manner.”

“During the meeting, G20 Sherpas expressed their satisfaction on the progress thus far and provided their inputs on the way forward towards future Sherpa Meetings and the G20 Leaders’ Summit in November,” said the Saudi G20 Secretariat statement.



UAE: US Companies Sanctioned Over Sudan Do Not Operate in the Emirates

The Emirati Justice Ministry logo
The Emirati Justice Ministry logo
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UAE: US Companies Sanctioned Over Sudan Do Not Operate in the Emirates

The Emirati Justice Ministry logo
The Emirati Justice Ministry logo

The Emirati Justice Ministry on Friday said that the seven companies based in the United Arab Emirates and sanctioned by the US over Sudan do not own valid business licenses or operate locally.

The US has designated seven entities based in the Emirates under its Sudan sanctions program.

These entities include Capital Tap Holding LLC, Capital Tap Management Consultancies LLC, Capital Tap General Trading LLC, Creative Python LLC, Al Zumoroud and Al Yaqoot Gold & Jewellers LLC, Al Jil Al Qadem General Trading LLC, and Horizon Advanced Solutions General Trading LLC.

“Upon notice of the sanctions designations, the UAE initiated its own investigation into the entities and related individuals, seeking additional information from US authorities to support these investigations,” the Ministry said in a statement

It also confirmed that none of the seven entities hold an active business license in the UAE, nor are they currently operating in the UAE.

Relevant UAE authorities continue to monitor any potential suspicious activity in accordance with applicable UAE laws, the Ministry added.