A division of the UAE's Federal National Council (FNC) participated in the second day of the 10th BRICS Parliamentary Forum in Saint Petersburg, Russia.
The delegation is led by Ali Rashid Al Nuaimi, Chairman of the Defence, Interior and Foreign Affairs Committee in FNC.
It included FNC's members Sarah Falaknaz, Marwan Obaid Al Muhairi, Ahmed Mir Hashim Khoori, and Afra Rashid Al Basti, Deputy Secretary-General of Parliamentary Communication at the FNC.
During the discussion on "The Role of Parliaments in Confronting the Disintegration of the Multilateral Trading System and Overcoming Threats Related to the Outcomes of Global Crises," Marwan Al Muhairi emphasised the crucial role of parliaments in addressing challenges and fostering a cooperative global environment.
He highlighted the importance of supporting multilateral institutions, such as the World Trade Organisation (WTO). He stressed the need to strengthen these institutions and ensure they receive the necessary resources and funding to uphold the principles of free and fair trade.
Volkswagen's supervisory board has approved a transformation plan on Thursday that will include cutting another 50,000 jobs in its attempt to counter painful tariffs, overcapacity, and aggressive Chinese rivals.
The UAE Ministry of Economy and Tourism has outlined new regulations aimed at strengthening the fight against commercial fraud, protecting consumers and improving market oversight.
Apple is facing a £2 billion ($2.7 billion) London lawsuit brought on behalf of app developers over its app tracking rules, with the iPhone maker accused of abusing its power to unfairly impose greater restrictions on third parties.
Shares in online fast-fashion retailer Shein have fell 8 per cent in their first day of Hong Kong trade on Tuesday, with investors worried about the impact of setbacks that long delayed its listing and have undermined its competitive advantages.
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