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You are at:Home»Business»What The G20 Summit Means For The Middle East
Business

What The G20 Summit Means For The Middle East

Yehia DarwishBy Yehia DarwishSeptember 11, 2023Updated:September 11, 20232 Mins Read
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What The G20 Summit Means For The Middle East
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With ever-increasing Arab representation in high-profile summits such as the G20, BRICS, and two Arab nations successively hosting the climate COP forum, the Middle East is taking the lead.

Oman, Egypt, and the UAE were invited by India to the G20 summit. Along with Egypt’s President Abdel Fatah El Sisi meeting with Indian Prime Minister Mahindra Modi in a number of high-profile visits this year for further cooperation between the two countries.

New deals centered around energy and ensuring global trade mobility through the India-Middle East-Europe Economic Corridor, or IMEC that connects oil-rich areas to India through a comprehensive rail network and maritime shipping.

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Via CNN
Via CNN

The admission of the African Union (AU) to the G20 as a member was applauded by the Arab League and expressed its hopes that it will follow in the steps of the AU, with 10 Arab countries already part of this continental treaty.

Regional reconciliation was also on the agenda with the heads of state of Egypt and Türkiye meeting together to bring relations back to normal. However, leaders of China and Russia were absent giving the preverbal cold shoulder to rivals India and the ‘Western bloc’ in the G20.

Arab influence is undeniably on the rise and with the food and energy shortages arising from the Ukrainian conflict, Gulf countries meeting the world’s energy needs.

Growing Gross Domestic Product levels of Arab nations within the greater Global South make for an attractive investment atmosphere one ripe for expanding friendships and partnerships among developed and developing countries.

WE SAID THIS: Don’t Miss…Saudi Arabia Joins G20 Women’s Empowerment Initiative

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Previous Article5 Ultimate Reasons Why You Must Have a Bank Account in the UAE
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Yehia Darwish
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Yehia has over 15 years of writing experience for various types of publications and businesses. Despite being a Strategy and Marketing Major in the GUC he has worked as an educator, translator, corporate roles and even as a chef and background actor during his 4-year stint in Colombia. Yehia enjoys gaming, spearfishing, and exploring the culinary and historical treasures Egypt has to offer…

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