Temperature will reach up to 36ºC and 33ºC in Abu Dhabi and Dubai, respectively
In the presence of the UAE Presidents, His Highness Sheikh Mohamed bin Zayed Al Nahyan; and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai; Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) delivered an address at a session held on the first day of the World Government Summit (WGS) 2023 on Monday.
Also present at the session were His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah; Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai; Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah; and a number of dignitaries and senior officials.
Georgieva said the UAE economy is one of the most efficient in the world in terms of its leading performance amid the current challenges. She attributed its success to the UAE’s open approach and effective government policies. Speaking at the session moderated by Richard Quest of CNN, Georgieva ruled out the exposure of the US economy to recession this year.
“The return of the Chinese economy to growth is critical to the global economy, as the Chinese market showed some growth in terms of demand and spending," she said.
She praised the positive contribution of Gulf states, India, and other countries to the global economy. Georgieva said the reforms implemented over the past few years represented a key factor behind the strong performance of the UAE and Gulf economies.
The IMF Managing Director also noted the success of the UAE in attracting foreign investments and creating more jobs.
Georgieva stressed the vital role of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP 28), which the UAE will host next November, in addressing climate, energy and other challenges.
She called on the world to expedite action to address climate challenges to ensure a prosperous future for upcoming generations.
ALSO READ:
Temperature will reach up to 36ºC and 33ºC in Abu Dhabi and Dubai, respectively
Youssef Al Feel, along with his brothers and cousins, managed to break the windows and enter flooded houses — moving people to safety for an entire day
The patient had endured years of severe pain and debilitating health complications due to the tumour
Earlier, the Emergency, Crisis and Disaster Management confirmed the reopening of all roads in the emirate
Official autism-friendly in-flight certification is in the works, possibly used by other airlines
The world's largest marine conservation initiative spans more than 600 sq km, an area equivalent to over 85,000 football fields
No parking violations were issued during the extreme weather conditions
Video shows a red 4WD weaving in and out of traffic, causing a collision on the road shoulder