Saudi Press

Saudi Arabia and the world
Monday, Mar 04, 2024

Prince Faisal stresses importance of international cooperation to face global challenges in G20 meeting

Minister of Foreign Affairs Prince Faisal Bin Farhan Bin Abdullah participated in the G20 Foreign Ministers’ Meeting in New Delhi Thursday.
The minister for foreign affairs addressed the meeting’s first session, entitled “Promoting multilateralism, the need for reforms, food and energy security, and development cooperation”, during which he praised the efforts of the Indian government during its presidency of the G20 under the theme “One land, one family, one future.”

During the speech, the minister mentioned the importance of addressing many global challenges, including supply chain disruptions, inflation, related debts, and high-interest rates, affecting the world’s development endeavors.

Prince Faisal reiterated the importance of resolving conflicts and political tensions hindering effective action on facing global challenges and exacerbating economic fragmentation.

He also stressed that addressing climate change requires continuing collective action and improving the speed and effectiveness of multilateral frameworks to adapt to changing environments and new threats.

He noted that pioneering economies, represented by the G20, represent a unique situation in addressing those concerns, stressing the significance of directing the agenda of the ministerial meeting to improve conditions for dialogue and peace and reduce the adverse effects of geopolitical competition on the global economy.

The prince pointed out that nearly 8% of the world’s population might face hunger in 2030, while 660 million people would remain without energy, which can slow down the world’s efforts to reach the main Sustainable Development Goals due to the lack of food and energy security.

He said that it is essential to maintain investment in all sources of energy, including traditional sources, to ensure access and meet demand.

He noted that the implementation of the circular carbon economy framework approved by the G20 in 2020 is the most effective and comprehensive approach to achieving net zero emissions while building sustainable economies.

The minister of foreign affairs added that about 1.8 billion people are affected by conflicts, representing 24% of the world’s population, which necessitates the international community to accelerate support and alleviate the instability that is spreading beyond borders.

He stressed that the Kingdom of Saudi Arabia will continue to support impoverished countries out of its pioneering role in providing humanitarian and development assistance.

Related Articles

Saudi Press
Apple warns against drying iPhones with rice
China Criticizes US for Vetoing UN Ceasefire Resolution in Gaza
In a recent High Court hearing, the U.S. argued that Julian Assange endangered lives by releasing classified information.
The U.S. vetoed a U.N. Security Council resolution calling for a temporary ceasefire in Gaza, instead proposing its own six-week ceasefire plan contingent upon the release of all hostages held by Hamas
Prince William Urges End to Gaza Conflict
Saudi Arabia ranks first in UN index for e-government services in MENA
Israel has gone ‘beyond self-defence’ in Gaza, says Labour’s Streeting
EU Calls for Immediate Ceasefire in Gaza Conflict
Israel Records 20% Drop In GDP, War In Gaza Is The Reason
Saudi Arabia's FDI Inflows Grow with New International Standards
Venture Capitals Power Up Across MENA Region
Saudi Arabia Introduces Terms for 30-Year Income Tax Exemption for Multinational Companies
Saudi FM: Establishing Palestinian state is only pathway for Mideast stability
Russian opposition leader Alexey Navalny has died at the Arctic prison colony
Elon Musk's Starlink Gets License For Israel, Parts Of Gaza
Influencers Exploit X Platform for Profit Amidst Israel-Gaza Conflict
PM Modi Announces Opening Of New CBSE Office In Dubai
International Criminal Court's Chief "Deeply Concerned" By Rafah Bombing
January Funding for MENA Startups Totals $86.5 Million
Saudi Arabia accelerates digital economy growth through Nvidia partnership
Indian female military officers commend Saudi Arabia's progress and women's empowerment
Israel unveils tunnels underneath Gaza City headquarters of UN agency for Palestinian refugees
Israel deploys new military AI in Gaza war
Egypt threatens to suspend key peace treaty if Israel pushes into Gaza border town, officials say
Israel Utilizes AI Military Technology in Gaza Conflict
Saudi Arabia Warns Of A "Humanitarian Catastrophe" If Israel Moves On Rafah
China Warns Iran to Halt Houthi Attacks or Damage Trade Ties
US University To Shut Qatar Campus Due To "Heightened Mideast Instability"
Iran-backed hackers interrupt UAE TV streaming services with deepfake news
Facebook and Instagram Ban Iran's Supreme Leader
Finnish Airline, Finnair, is voluntarily weighing passengers to better estimate flight cargo weight
U.S. Secretary of State Blinken: The Israelis underwent dehumanization on 7.10, this does not give them the right to do this to others.
Defense Technology Showcase Held in Riyadh
Saudi Arabia’s non-oil exports rise 2.5% to $6bn in November 2023: GASTAT
UK Bans Misleading "Zero Emissions" Claims for Electric Cars
Gaza's Teen Inventor Sparks Light in Displacement
Netanyahu Rejects Ceasefire Proposal, Insists On Total Victory Over Hamas
Guterres appoints independent UNRWA review panel
Private Sector Employment Hits Record High with Over 11 Million Employees in January
Rolls-Royce Executive Encourages Saudi Women to Tap into Their Inner 'Superhero' for Success in Defense Industry
Saudi Arabia launches National Academy of Vehicles and Cars
Saudi Tourism Minister Reveals Plan for 250,000 New Hotel Rooms by 2030
SAR to more than double eastern network passenger capacity with new trains deal
Saudi Arabia Enhances National Defense with New Partnerships
Saudi Aramco Maintains Arab Light Crude Pricing to Asia for March
NEOM Establishes New York Office to Support Investors
Saudi Wealth Fund Draws in Over $25 Billion Worth of Investments in Three Years, Al-Rumayyan Reveals
ZATCA Cautions Against Scammer Schemes
INTRA Defense Technologies inaugurates drone factory in Riyadh
Saudi Arabia's Minister of Industry and Mineral Resources, Bandar Alkhorayef, has announced a partnership with the London Metal Exchange to set up metal storage and delivery centers in the country. Alkhorayef highlighted Saudi Arabia's expanding military industries sector, crediting the Public Investment Fund (PIF) as a key partner, during his speech at the second PIF Private Sector Forum in Riyadh