INSEAD Day 4 - 728x90

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

COP28 to help green transition in developing nations

Economists and finance leaders discuss a new framework for international climate finance and ways to drive progress at COP28. (WAM File)
  • The UAE's hosting of the COP28 will act as a leverage for international focus on climate action in the region
  • Reports indicate that the Middle East and North Africa region is the most vulnerable to climate change risks

CAIRO — The 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28), which the UAE will host from November 30 to December 12, 2023 at Expo City Dubai, will provide a major and important international platform to address the issue of climate change and its negative effects on countries and peoples, said Egyptian Minister of International Cooperation Dr. Rania Al Mashat.

Al Mashat said that the UAE’s hosting of the COP28, following Egypt’s hosting of the previous edition of COP27, comes in support of international efforts for climate action in the Arab region and the Middle East and North Africa region, and as a leverage for international focus on climate action in the region.

She noted that international reports indicate that the countries in the Middle East and North Africa region are most vulnerable to climate change risks, as 60 percent of the region’s population lives in areas that suffer severely from water stress, and 20 million people could be displaced due to climate change.

Al Mashat added that COP28 will see presentations on the most important results and joint action taken over a year within the National Platform for Green Projects (Novi) and the Sharm El Sheikh Guidebook for Just Financing.

She said that she participated in a series of COP28-related preparatory events hosted by the UAE to develop a roadmap to advance climate action in the region.

The Egyptian minister added that COP27 had adopted important results on climate action including the COP27 Loss and Damage Fund and the COP28 will complete international efforts in supporting developing countries and emerging economies to move towards green transition.