Search Site

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

IHC Q1 net profit $2.17bn

The company launches Share Buyback Programme

Ready to work with developing nations for green future: China

Chinese Vice Premier Ding Xuexiang. (WAM)
  • The vice premier called on the G77 and China to further speak with one voice and uphold common interests
  • He urged all to promote sustainable development, a new path of coordination between development and protection

Dubai, UAE–Chinese Vice Premier Ding Xuexiang said that China stands ready to work closely with developing nations to build a green and low-carbon future.

The vice premier made the remarks when addressing the Group of 77 (G77) and China Leaders’ Summit on the sidelines of the COP28.

He emphasised that China has actively yet prudently promoted the targets for carbon peak and carbon neutrality, adding that while fulfilling its international obligations, China has made efforts to help other developing countries cope with climate change.

Noting that there is still a long way to go to improve global climate governance, the Chinese leader called on the G77 and China to further speak with one voice and uphold common interests.

He called on parties concerned to jointly promote sustainable development, strengthen the synergy of green transformation development strategies, boost mutual assistance, and explore a new path of coordination between development and protection.

Ding urged parties concerned to jointly safeguard multilateralism and firmly uphold the goals and principles set out in the UN Framework Convention on Climate Change and the Paris Agreement.

He also called for the joint promotion of equity and justice, working together to make substantive progress in implementing climate funding and forming a framework for the Global Goal on Adaptation, and giving full play to the role of the newly established Loss and Damage Fund.