Search Site

ADNOC Drilling closes JV

It is a JV between ADNOC Drilling, SLB and Patterson UTI.

Boeing to boost 787 production

The firm will invest$1bn to ramp up production in South Carolina.

ADNOC signs deal with PETRONAS

Under the agreement, ADNOC will supply 1m tons of LNG per year.

Aramco-Horse Powertrain deal completed

An agreement for the purchase of 10% equity stake was signed in June 2024.

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

Qatar Emir announces $60 million for Doha Program of Action

Sheikh Tamim reiterated the need for international solidarity in combating crises worldwide. (AFP)
  • Held every 10 years, the UN Conference on the Least Developed Countries comes in the wake of numerous challenges facing the poor nations.
  • The summit aims to mobilize international community's commitments towards the implementation of the Doha Program of Action for the LDCs (2022-2031).

Doha, Qatar – Qatar Emir Sheikh Tamim ibn Hamad Al Thani announced Sunday a $60 million financial contribution to Doha Program of Action (DPoA).

He was speaking at the Fifth UN Conference on the Least Developed Countries (LDCs) in Doha.

Local media reports said that $10 million will be allocated for supporting the implementation of the Doha Program of Action activities for the LDCs, and $50 million will be allocated for supporting the intended outcomes of the Doha Program of Action (DPoA) and building resilience potential in the LDCs.

The DPoA – the landmark roadmap adopted in March 2022 aimed at, among others, creating new commitments and broad partnerships towards achieving the Sustainable Development Goals (SDGs) – includes an online university, a food stockholding system, and an international investment support center.

“It might be appropriate to revive the theme of the Secretary-General of the United Nations: ‘No Poverty’ in the world. The realization of this requires an international synergy to implement a human development plan at the global level,” he said.

“We are confident that this conference will contribute to supporting the least developed countries’ march towards achieving development therein for the next ten years,” Sheikh Tamim added.

Held every 10 years, the UN event comes following numerous challenges affecting least developed countries, at the top of which is the COVID-19 outbreak.

The five-day conference aims to mobilize international community’s commitments towards the implementation of the Doha Program of Action for the LDCs (2022-2031) adopted by the UN General Assembly in April 2022.

Sheikh Tamim reiterated the need for international solidarity in combating crises worldwide.

He also addressed food security challenges, climate change, energy and debt crisis, saying developed countries have the “moral obligation” in seeking solutions to them.