• President Sheikh Mohamed talks to China's President Xi Jinping during the first session of the G20 summit in Bali, Indonesia. Photo: UAE Presidential Court
    President Sheikh Mohamed talks to China's President Xi Jinping during the first session of the G20 summit in Bali, Indonesia. Photo: UAE Presidential Court
  • The Chinese leader shakes hands with President Joko Widodo, right, of host nation Indonesia. AP
    The Chinese leader shakes hands with President Joko Widodo, right, of host nation Indonesia. AP
  • Mr Xi talks with Italian Prime Minister Giorgia Meloni, left, at the summit. AP
    Mr Xi talks with Italian Prime Minister Giorgia Meloni, left, at the summit. AP
  • UN Secretary General Antonio Guterres and Mr Xi on their way to lunch on the first day. EPA
    UN Secretary General Antonio Guterres and Mr Xi on their way to lunch on the first day. EPA
  • Australian Prime Minister Anthony Albanese, left, meets Chinese President Xi Jinping on the sidelines of the G-20 summit in Nusa Dua, Bali, Indonesia. AP
    Australian Prime Minister Anthony Albanese, left, meets Chinese President Xi Jinping on the sidelines of the G-20 summit in Nusa Dua, Bali, Indonesia. AP
  • Emmanuel Macron shakes hands with Mr Xi at a meeting between the French and Chinese leaders. AFP
    Emmanuel Macron shakes hands with Mr Xi at a meeting between the French and Chinese leaders. AFP
  • The Chinese president greets his US counterpart Joe Biden. EPA
    The Chinese president greets his US counterpart Joe Biden. EPA

High-stakes G20 summit ends in Bali with world leaders condemning Russia’s war


Indranil Ghosh
  • English
  • Arabic

The high-powered meeting of world leaders at the G20 summit in Bali ended on Wednesday with President Joko Widodo of host nation Indonesia handing over the baton to Indian Prime Minister Narendra Modi for next year’s conference.

After much deliberation, especially following the overnight missile strike near the Ukraine border raising fears Russia’s war would spill into Poland and Nato territory, the leaders jointly declared they “deplore in the strongest terms” Russia's aggression.

“The joint statement was contentious, but there was consensus,” Mr Widodo told the media after the conclusion of the summit. “We all agreed that the war must stop.”

The contents of the statement were debated well past midnight, especially a single paragraph about the war, Mr Widodo said.

Finally, a consensus was reached and Russia was represented at the time, he said.

A consensus closing statement was significant because of the divisions among the nations – not just Russia but also China and India that have been restrained in their criticism of the war because of trade ties with Moscow.

Mr Widodo said he urged all participants not to escalate the conflict.

He said the missile explosions in Poland were regrettable, but echoed US President Joe Biden's comments that it was unlikely the strike came from Russia.

French President Emmanuel Macron said that although the US had given initial information about the missile blast, it was too early to say what had really happened.

“We must remain careful,” he said at the Bali Convention Centre.

He said China could play a bigger mediation role in the coming months in ensuring Russia de-escalates its offensive.

The war has already caused enough devastation and human suffering and hampered economic recovery, Mr Widodo said.

Indonesian President Joko Widodo takes a selfie with members of the media during a press conference on the sidelines of the G20 summit in Bali. EPA
Indonesian President Joko Widodo takes a selfie with members of the media during a press conference on the sidelines of the G20 summit in Bali. EPA

In the statement, the leaders said international law must be upheld, any threat to use nuclear weapons was inadmissible and that the Black Sea grain initiative was welcomed.

The declaration also said that the central banks of the member nations would continue to set the pace of monetary policy tightening.

Earlier, a widely anticipated meeting between British Prime Minister Rishi Sunak and Chinese President Xi Jinping did not take place, ostensibly because of an emergency meeting Mr Biden had called early in the morning.

China’s Foreign Ministry offered no information on the cancellation.

Mr Sunak, however, had a brief meeting with Mr Biden.

“The Prime Minister met US President Biden today at the G20 Summit in Indonesia,” said a representative for Mr Sunak.

“The leaders agreed on the national and international importance of the strong UK-US relationship, particularly given the challenging economic times the world is currently facing.

“The Prime Minister and President Biden underscored that the actions of President Putin and his regime are directly responsible for precipitating global economic issues including rising inflation. Maintaining international pressure to ensure Putin fails in Ukraine is in everyone’s interest.”

Briefing reporters after the meeting, Mr Sunak said no trade deal was discussed with the US President, only economic partnership.

He offered no details, even as he squarely blamed Russian President Vladimir Putin for indiscriminate attacks on civilians in Ukraine and showing utter contempt for international order.

Mr Sunak, though, had his first meeting with Mr Modi since taking office in October.

Mr Modi referred to the meeting in a tweet.

Mr Modi also met Australian PM Anthony Albanese, French President Emmanuel Macron and German Chancellor Olaf Scholz, among other leaders at the summit.

Ballroom meeting

In a ballroom in his hotel earlier in the morning, Mr Biden had brought together the leaders of Germany, Canada, the Netherlands, Japan, Spain, Italy, France and the UK, following the deadly explosions in Przewodow, a village in eastern Poland near the border with Ukraine.

All the nations that participated in the meeting were members of the Nato, except Japan. Noticeably missing from the gathering was Turkish President Recep Tayyip Erdogan, who chose to stay away despite his country being a part of the alliance.

Quizzed on his absence at a media briefing later, he avoided giving a direct answer, saying: “Why don’t you ask the other members who were not present at the meeting?”

Mr Erdogan also chose to skip most of the morning’s proceedings in Bali, preferring instead to address the world media.

Speaking in Turkish, he said he believes the missiles that struck Polish territory did not come from Russia.

“Russia saying this has nothing to do with them and Biden saying these missiles are not Russian-made show this has nothing to do with Russia,” Mr Erdogan said.

Mr Erdogan said he will speak to Russian President Vladimir Putin when he returns to Turkey.

He also said he expects a deal that allows Ukraine to export grain through the Black Sea would extend by up to a year beyond the Saturday deadline.

“It will continue,” Mr Erdogan said. “There's no problem there.”

Champions parade (UAE timings)

7pm Gates open

8pm Deansgate stage showing starts

9pm Parade starts at Manchester Cathedral

9.45pm Parade ends at Peter Street

10pm City players on stage

11pm event ends

Opening weekend Premier League fixtures

Weekend of August 10-13

Arsenal v Manchester City

Bournemouth v Cardiff City

Fulham v Crystal Palace

Huddersfield Town v Chelsea

Liverpool v West Ham United

Manchester United v Leicester City

Newcastle United v Tottenham Hotspur

Southampton v Burnley

Watford v Brighton & Hove Albion

Wolverhampton Wanderers v Everton

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%204.4-litre%20twin-turbo%20V8%20with%2048V%20mild%20hybrid%20system%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E544hp%20at%205%2C500rpm%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E750Nm%20at%201%2C800-5%2C000rpm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20auto%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh700%2C000%20(estimate)%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Elate%20November%3C%2Fp%3E%0A
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EKinetic%207%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Rick%20Parish%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Clean%20cooking%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self-funded%3C%2Fp%3E%0A
The%20specs
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What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

What is blockchain?

Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.

The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.

Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.

However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.

Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
The%20Specs
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Traits of Chinese zodiac animals

Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent   

The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5

'Will%20of%20the%20People'
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The specs

Engine: 3.0-litre six-cylinder MHEV

Power: 360bhp

Torque: 500Nm

Transmission: eight-speed automatic

Price: from Dh282,870

On sale: now

Indoor cricket World Cup:
Insportz, Dubai, September 16-23

UAE fixtures:
Men

Saturday, September 16 – 1.45pm, v New Zealand
Sunday, September 17 – 10.30am, v Australia; 3.45pm, v South Africa
Monday, September 18 – 2pm, v England; 7.15pm, v India
Tuesday, September 19 – 12.15pm, v Singapore; 5.30pm, v Sri Lanka
Thursday, September 21 – 2pm v Malaysia
Friday, September 22 – 3.30pm, semi-final
Saturday, September 23 – 3pm, grand final

Women
Saturday, September 16 – 5.15pm, v Australia
Sunday, September 17 – 2pm, v South Africa; 7.15pm, v New Zealand
Monday, September 18 – 5.30pm, v England
Tuesday, September 19 – 10.30am, v New Zealand; 3.45pm, v South Africa
Thursday, September 21 – 12.15pm, v Australia
Friday, September 22 – 1.30pm, semi-final
Saturday, September 23 – 1pm, grand final

Scorecard:

England 458 & 119/1 (51.0 ov)

South Africa 361

England lead by 216 runs with 9 wickets remaining

Squid Game season two

Director: Hwang Dong-hyuk 

Stars:  Lee Jung-jae, Wi Ha-joon and Lee Byung-hun

Rating: 4.5/5

The specs: 2017 Maserati Quattroporte

Price, base / as tested Dh389,000 / Dh559,000

Engine 3.0L twin-turbo V8

Transmission Eight-speed automatic

Power 530hp @ 6,800rpm

Torque 650Nm @ 2,000 rpm

Fuel economy, combined 10.7L / 100km

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
The specs: 2019 BMW X4

Price, base / as tested: Dh276,675 / Dh346,800

Engine: 3.0-litre turbocharged in-line six-cylinder

Transmission: Eight-speed automatic

Power: 354hp @ 5,500rpm

Torque: 500Nm @ 1,550rpm

Fuel economy, combined: 9.0L / 100km

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

BMW%20M4%20Competition
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The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

UAE SQUAD

Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Rameez Shahzad, Shaiman Anwar, Mohammed Usman, Mohammed Boota, Zawar Farid, Ghulam Shabber, Ahmed Raza, Sultan Ahmed, Imran Haider, Qadeer Ahmed, Chirag Suri , Zahoor Khan

Ziina users can donate to relief efforts in Beirut

Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”

MIDWAY

Produced: Lionsgate Films, Shanghai Ryui Entertainment, Street Light Entertainment
Directed: Roland Emmerich
Cast: Ed Skrein, Woody Harrelson, Dennis Quaid, Aaron Eckhart, Luke Evans, Nick Jonas, Mandy Moore, Darren Criss
Rating: 3.5/5 stars

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

Our legal advisor

Ahmad El Sayed is Senior Associate at Charles Russell Speechlys, a law firm headquartered in London with offices in the UK, Europe, the Middle East and Hong Kong.

Experience: Commercial litigator who has assisted clients with overseas judgments before UAE courts. His specialties are cases related to banking, real estate, shareholder disputes, company liquidations and criminal matters as well as employment related litigation. 

Education: Sagesse University, Beirut, Lebanon, in 2005.

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GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

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While you're here
MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

Veil (Object Lessons)
Rafia Zakaria
​​​​​​​Bloomsbury Academic

SPEC SHEET

Display: 6.8" edge quad-HD  dynamic Amoled 2X, Infinity-O, 3088 x 1440, 500ppi, HDR10 , 120Hz

Processor: 4nm Snapdragon 8 Gen 1/Exynos 2200, 8-core

Memory: 8/12GB RAM

Storage: 128/256/512GB/1TB

Platform: Android 12

Main camera: quad 12MP ultra-wide f/2.2, 108MP wide f/1.8, 10MP telephoto f/4.9, 10MP telephoto 2.4; Space Zoom up to 100x, auto HDR, expert RAW

Video: 8K@24fps, 4K@60fps, full-HD@60fps, HD@30fps, super slo-mo@960fps

Front camera: 40MP f/2.2

Battery: 5000mAh, fast wireless charging 2.0 Wireless PowerShare

Connectivity: 5G, Wi-Fi, Bluetooth 5.2, NFC

I/O: USB-C

SIM: single nano, or nano and SIM, nano and nano, eSIM/nano and nano

Colours: burgundy, green, phantom black, phantom white, graphite, sky blue, red

Price: Dh4,699 for 128GB, Dh5,099 for 256GB, Dh5,499 for 512GB; 1TB unavailable in the UAE

Updated: November 16, 2022, 1:06 PM