INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

COP28 President Sultan Al Jaber warns ‘failure is not an option’

Dr. Sultan Ahmed Al Jaber
  • What we are after is the common good. What we're after is what is in the best interest of everyone, everywhere," he said.
  • Jaber spoke ahead of a "majlis", a traditional Emirati assembly where people sit in a circle and try to resolve differences, which he organized in an effort to find a deal.

Dubai, United Arab Emirates — The Emirati head of UN climate negotiations stepped up pressure Sunday on countries to quickly resolve differences over a deal on fossil fuels, warning that “failure is not an option”.

With the conference in Dubai due to officially end on Tuesday, COP28 president Sultan Al Jaber urged the nearly 200 nations at the talks to “show flexibility, to act with urgency and to find the common ground”.

Jaber told reporters that lack of progress or “watering down my ambition” was not an option.

“Failure is not an option. What we are after is the common good. What we’re after is what is in the best interest of everyone, everywhere,” he said.

Jaber spoke ahead of a “majlis”, a traditional Emirati assembly where people sit in a circle and try to resolve differences, which he organized in an effort to find a deal.

Saudi Arabia, a major oil producer, and India, which is heavy reliant on coal, are said to be the main obstacles to an agreement on phasing out fossil fuels at COP28.

“We need to find consensus and common ground on fossil fuel, including coal,” Jaber said.