• Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, attends the virtual closing session for the G20 Summit. Courtesy: Dubai Media Office
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, attends the virtual closing session for the G20 Summit. Courtesy: Dubai Media Office
  • Leaders attend the closing session of the G20 Summit on Sunday. Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, attend the virtual closing session for the G20 Summit. Courtesy: Dubai Media Office
    Leaders attend the closing session of the G20 Summit on Sunday. Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, attend the virtual closing session for the G20 Summit. Courtesy: Dubai Media Office
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, attends the virtual closing session for the G20 Summit. Courtesy: Dubai Media Office
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, attends the virtual closing session for the G20 Summit. Courtesy: Dubai Media Office
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, attend the virtual closing session for the G20 Summit. Courtesy: Dubai Media Office
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, attend the virtual closing session for the G20 Summit. Courtesy: Dubai Media Office

Sheikh Mohammed bin Rashid attends G20 Riyadh summit closing session


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Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, attended the closing session of the G20 Riyadh Summit on Sunday.

He was joined by Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, for the online session.

Sheikh Mohammed thanked King Salman of Saudi Arabia for hosting the annual summit and stressed the need for joint action to confront global challenges in future.

"Our common global issues can only be resolved by working as one," he said.

"With a unified international will, the UAE's stances will remain clear, consistent and continuous in support of international efforts to overcome all challenges."

Sheikh Mohammed said he looked forward to welcoming the world to Dubai Expo next year, with 190 countries due to take part.

The G20 leadership convened online this year, instead of leaders arriving in Riyadh, for the two-day summit.

The sessions were dominated by discussions about the worsening pandemic and the uneven global economic recovery in its wake.

On Sunday, leaders of the world’s 20 biggest economies said they were committed to the fair distribution of Covid-19 vaccines around the world and pledged to support poorer nations.

“We recognise the role of extensive immunisation as a global public good,” they said said in a joint declaration.

They declared their support for the development and distribution of tests, therapies and vaccines.

“We will spare no effort to ensure their affordable and equitable access for all people, consistent with members’ commitments to incentivise innovation.”

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Other ways to buy used products in the UAE

UAE insurance firm Al Wathba National Insurance Company (AWNIC) last year launched an e-commerce website with a facility enabling users to buy car wrecks.

Bidders and potential buyers register on the online salvage car auction portal to view vehicles, review condition reports, or arrange physical surveys, and then start bidding for motors they plan to restore or harvest for parts.

Physical salvage car auctions are a common method for insurers around the world to move on heavily damaged vehicles, but AWNIC is one of the few UAE insurers to offer such services online.

For cars and less sizeable items such as bicycles and furniture, Dubizzle is arguably the best-known marketplace for pre-loved.

Founded in 2005, in recent years it has been joined by a plethora of Facebook community pages for shifting used goods, including Abu Dhabi Marketplace, Flea Market UAE and Arabian Ranches Souq Market while sites such as The Luxury Closet and Riot deal largely in second-hand fashion.

At the high-end of the pre-used spectrum, resellers such as Timepiece360.ae, WatchBox Middle East and Watches Market Dubai deal in authenticated second-hand luxury timepieces from brands such as Rolex, Hublot and Tag Heuer, with a warranty.

360Vuz PROFILE

Date started: January 2017
Founder: Khaled Zaatarah 
Based: Dubai and Los Angeles
Sector: Technology 
Size: 21 employees
Funding: $7 million 
Investors: Shorooq Partners, KBW Ventures, Vision Ventures, Hala Ventures, 500Startups, Plug and Play, Magnus Olsson, Samih Toukan, Jonathan Labin

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5