Daily Archives: March 7, 2020

B20 Saudi Arabia profiles first ever Action Council in concert with International Women’s Day

Council highlights three priority areas as part of B20 policy recommendations

RIYADH, Saudi Arabia, March 7, 2020 /PRNewswire/ — In concert with International Women’s Day, to be celebrated on Sunday 08 March, B20 Saudi Arabia, the official business voice of the G20 community, profiled several priorities for the Women in Business Action Council.  The Council, the first of its kind for the B20, will ensure that issues surrounding gender diversity in business and economic empowerment of women are placed at the center of the B20 Saudi Arabia.

While the B20 taskforces work on policy recommendations, the Action Council has identified three priority areas that need immediate action:

  1. Level the playing field for women by driving reforms to unlock their full workforce potential, fostering an enabling environment, encouraging new ways of flexible working and closing the gender pay gap.
  2. A call to action for countries to create the environment and to improve access to resources for women to succeed in starting their own businesses.
  3. Bring all stakeholders together to accelerate progress, developing an institutional framework while designing user-centric policies that enable women to thrive.

The B20 Saudi Arabia has established six task forces that concentrate on specific economic priority areas, with 656 task force members across all G20 members. The Women in Business Action Council sits across all six task forces, a structural change from past B20 cycles. Women make up 43% of the B20 Saudi Arabia Task Force and Action Council Chairs, the highest proportion in the group’s history. Furthermore, the B20 Secretariat established criteria for Committee Membership that has resulted in 33% of participants being women, the highest percentage among some of the most recent B20 cycles (Turkey 23% in 2015, Germany 22% in 2017, Argentina 28% in 2018).

“The Women in Business Action Council is the first initiative of its kind in the history of the B20. It has been established with the recognition that mainstreaming women in business is key to improving the standards of business conduct including integrity, empathy, and creativity, thus adding to economic growth and productivity,” said Mr. Yousef Al-Benyan, Chair of the B20 Saudi Arabia.

Aligned with the key theme of International Women’s Day 2020 “I am generation Equality: Realizing Women’s rights,” the Council is primarily focused on addressing gender inequality, increasing women’s participation in the workforce and their representation in leadership positions. It comprises 52 members from the global business community and is represented by every one of the G20 members.

“The Women in Business Action Council is addressing workplace challenges by looking at related life-cycle solutions ranging from higher education & STEM to addressing impediments to professional advancement and leadership positions using a mix of organizational culture to legislative / regulatory options,” said Ms. Rania Nashar, Chair of the Women in Business Action Council and CEO of SAMBA.  “We will be bringing our efforts around women empowerment to life over the course of the next year by participating in a number of initiatives in the region and abroad.”

To help socialize their priorities and secure input from the broader B20 community, the B20 Women in Business Action Council will participate in a number of high-profile global events over the course of the next year.

About B20

The Business Twenty (B20) is the official G20 dialogue with the business community. As the voice of the private sector to the G20, it represents the global business community across all G20 members and all economic sectors. Formed in 2010, it is the first engagement group of the G20.

The B20 supports the G20 through specific policy recommendations, the consolidated representation of business interests and economic expertise. It also fosters dialogue between the public and private sector.

Photo – https://mma.prnewswire.com/media/1120976/Infographic_Women_in_Business_Action.jpg

UAE health authorities’s timely action against COVID-19 commendable, says Ahmed bin Saeed

DUBAI, H.H. Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, has thanked the UAE’s health authorities for their 24/7 commitment and efficiency in keeping the country’s travellers, communities and the cities safe during the new coronavirus, COVID-19, crisis.

H.H. Sheikh Ahmed said: “We are conscious that as a country, which is a global travel hub and has the world’s busiest international airport in Dubai, we have the responsibility of rolling out the world’s best in class health and safety measures.

“The health authorities have been working with international bodies and experts to ensure we educate our communities and travellers on precautions and hand hygiene. Our highly trained teams are working around the clock to offer the maximum levels of care to our communities, and are monitoring international travellers who are transiting through or arriving in the UAE. They continue to do a stellar job, and their efforts will help our country retain its status as a global travel hub,” he affirmed.

The World Health Organisation, WHO, has pegged the risk assessment of COVID-19 at the highest level, but is yet to declare it a pandemic. According to WHO, on 4th March, 119 countries have not detected any cases of the virus. Of the 75 countries with cases, 47 have 10 cases or less. This means travel continues to be safe as long as governments and people take the right actions and precautions.

At Dubai International airport, every traveller goes through unobtrusive thermal screening. For travellers and crew who are arriving from counties of concern and COVID-19 hotspots, the health authorities conduct medical checks that include enhanced temperature checks and nose swabs. When they detect a positive case, they follow international guidelines and conduct additional tests, which in turn help to support and treat the person.

The dedicated medical teams at the airport try to complete the screening of passengers and crew of a flight within 40 minutes.

Emirates Airline has implemented enhanced disinfection procedures on all flights arriving to and departing from Dubai. The airline’s operational teams are using stronger, approved chemicals and materials, and using deeper cleaning techniques to thoroughly disinfect aircraft cabins. All aircraft have High Efficiency Particulate Air, HEPA, filters, which are proven to remove more than 99 percent of viruses in the cabin environment.

The precautions and measures rolled out by the health authorities are continuing to make air travel safe for local communities, international travellers and employees.

Sheikh Ahmed concluded: “The UAE has lived through some of the world’s worst times – whether pandemics, natural disasters or recessions – and has always emerged stronger, fitter and better. I am confident it will be no different this time around. We remain vigilant. The UAE stands together as one.”

Source: Emirates News Agency

UAE strongly condemns terror attack in Kabul

ABU DHABI, The UAE has strongly condemned the terror attack that targeted a gathering in the Afghan capital, Kabul, which resulted in numerous deaths and injuries.

The Ministry of Foreign Affairs and International Cooperation expressed in a statement its utter denunciation of this criminal act and rejection of all forms of violence, which aim to undermine security and stability and completely contravene all religious and human values and principles.

The Ministry also extended its condolences to the families of victims of this heinous crime while wishing a speedy recovery to the injured.

Source: Emirates News Agency

Abu Dhabi Exports Office approves AED550 million to finance UAE exports in 2020

ABU DHABI, The Executive Committee of the Abu Dhabi Exports Office, ADEX, approved the allocation of AED550 million (US$150 million) to support the strategic expansion of the nation’s export businesses and continued diversification of the UAE economy.

During its first meeting for the year, the committee discussed a number of requests to finance exports, as well as reviewed the strategies developed to promote services provided by ADEX locally and globally for the coming period.

Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development and Chairman of the Executive Committee of ADEX, said, “The Committee approved the allocation of AED 550 million to facilitate direct loans to foreign buyers as well as lines of credit for international financial institutions exclusively available to importers of goods and services from UAE companies.”

“The ADEX Executive Committee is focused on developing a wide range of innovative financial products and tools that better enable UAE exporters to successfully compete for new business growth opportunities in rapidly expanding emerging markets across Africa, Asia and around the world. Allocating these funds in support of our national export companies represents a major step advancing the ADEX mandate to increase the volume and value of UAE exports and drive sustainable national economic expansion,” added Al Suwaidi.

In addition to approving the budget allocation, the Executive Committee discussed the operational framework for how to utilise the financial solutions offered by ADEX to support UAE exporters to encourage national companies to increase their share of exports and promote broader UAE economic expansion.

Saeed Al Dhaheri, ADEX Acting Director General, said, “ADEX is collaborating with chambers of commerce and economic development departments across the UAE in a unified effort to help national export companies understand how to leverage the power of ADEX to safely and securely expand into strategic international growth markets. We want all UAE exporters and their foreign buyers to know that the UAE stands behind them as a financial catalyst for mutually beneficial business development.”

ADEX was established by ADFD in 2019 to strategically advance its expanded mandate to support the continued diversification and sustainable growth of the UAE economy in support of the direction set forth in UAE Vision 2021, Abu Dhabi Economic Vision 2030, and UAE Centennial 2071.

ADEX provides direct loans and guarantees to overseas buyers from the public and private sectors seeking to import goods and services from the UAE. ADEX funding and guarantees are designed to support national businesses of all sizes across the UAE in all non-crude oil sectors.

Source: Emirates News Agency