Search Site

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

DAE to acquire Nordic Aviation Capital

The terms of the transaction have not been disclosed.

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.