INSEAD Day 4 - 728x90

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

Agthia profit, dividend jump

Transformation lifts earnings, cash generation.

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

UAE appoints ADNOC chief to lead COP28 climate talks

The volume of non-oil foreign trade between both countries amounted to $1 billion during 2022.
  • The UAE's official new agency said that Sultan Ahmed al-Jaber, head of Abu Dhabi National Oil Company (ADNOC), will be the first CEO to take the role at the UN summit
  • The next edition of climate talks will take place in Dubai, the UAE's business, trade and tourism hub, in November and December

Dubai, United Arab Emirates–The head of the United Arab Emirates’ national oil company was named as president of this year’s COP28 climate talks on Thursday, promising a “pragmatic” approach to tackling global warming.

Sultan Ahmed al-Jaber, who heads up the UAE’s Abu Dhabi National Oil Company (ADNOC), will be the first CEO to take the role at the UN summit, said a statement carried by the official WAM news agency.

“We will bring a pragmatic, realistic and solutions-oriented approach that delivers transformative progress for climate and for low carbon economic growth,” Jaber said in the statement.

Also read: ‘UAE President’s speech at COP27 outlined vision for climate action’

“I sincerely believe that climate action today is an immense economic opportunity for investment in sustainable growth. Finance is the key that can unlock climate action,” he added.

COP27, held in Egypt in November, concluded with the adoption of a hotly contested text on aid to poor countries affected by climate change, but failed to set new ambitions for lowering greenhouse gas emissions.

The next edition will take place in Dubai, the UAE’s business, trade and tourism hub, in November and December.