UAE backs women in climate action, gender equality
“Today’s frameworks to advance gender equality and women’s empowerment ring hollow in the face of the war on Gaza, which...
Arts & Culture
‘Culture and arts bridge global understanding’
"They help to build and fortify important bridges between countries and peoples. Culture and the arts allow us to celebrate...
Arts & Culture
Digitization helps UAE make supply chain sustainable
"The UAE launched the 'Trade Tech Initiative' in partnership with the World Economic Forum. The initiative aims to accelerate the...
- Green trade as a key driver for a sustainable, resilient global economy.
- E-commerce growth in the UAE contributes to carbon emission reduction.
Economy
Underinvestment haunts youth-led climate solutions
“Our appeal is that children and youth are integral to any discussion, debate, negotiation in a meaningful, participatory, and intentional...
- Less than 1% of global fund investments go into youth-led climate solutions, says Carla Haddad Mardini of UNICEF.
- Only 2.4% of climate finance aids children, she says, adding that COP28 sets groundwork for future climate actions.
Economy
COP28 strong push for climate action in Arab region
"The UNDP has spent approximately $1 billion in the Arab region for integrated development solutions driven by national priorities and...
- Launch of the Loss and Damage Fund at COP28 marks a crucial step in supporting climate action in the Arab region.
- UNDP's significant investment of $1bn in the Arab region focuses on integrated development aligned with national priorities.
Business
UAE banks align with global sustainability standards
“The pledge made by our UBF Chairman, Abdulaziz Al Ghurair, to mobilize over AED 1 trillion in sustainable finance, represents...
- UBF pledges over AED 1 trillion ($272 billion) for sustainable finance by 2030.
- The pledge reflects collective efforts of national banks towards a sustainable future.
Economy
‘COP28 makes significant strides in climate action’
"COP28 is a very important conference because what it's doing is not just bringing people together, but it provides certainty...
- World Bank President Ajay Banga emphasizes COP28's significant progress in climate action, lauding its establishment of definitive deadlines for climate commitments.
- The ALTÉRRA fund, with a $30 billion capital, will enhance global climate action, alongside the World Bank's commitment to solar projects in Africa and methane reduction.
Economy
Innovations spur Qatar’s petrochemical sector growth
"A fair, safe, and sustainable transition to low-carbon energy is crucial for protecting the planet and fostering economic growth. Achieving...
- Qatar's petrochemical industry sees continuous growth since QAPCO's establishment.
- QatarEnergy and Chevron Phillips join hands to build two massive ethane cracking units.
Economy
COP28 ignites key climate change talks in Arab world
"The event focuses on transitioning the energy sector, demonstrating how strategic investments can foster prosperity without solely relying on fossil...
- Colombia's President Gustavo Petro emphasizes the significance of COP28 for addressing climate issues.
- Petro stresses on the transition from traditional energy sources to sustainable alternatives to save the Earth.
Economy
UAE a pioneer in renewable energy: Palau President
“COP28 is attracting significant interest from various participating countries and will serve as an important forum for climate enthusiasts. This...
- Palau President commends the UAE's leadership in renewable energy, especially solar, for global climate goals.
- COP28 garners significant international interest as a pivotal event for climate change action and sustainability.
Business
ADX set for dynamic growth in 2024 with new listings
"ADX's crucial role in bridging investors with companies, fostering growth opportunities, and reinforcing the UAE and Abu Dhabi's status as...
- Abu Dhabi Securities Exchange anticipates continued growth and new listings in 2024, says CEO Abdulla Salem Al Nuaimi.
- 2023 witnessed notable listings like ADNOC Gas and Investcorp Capital, with more scheduled, including the Phoenix Group.
Economy
UAE pioneers smart city, clean energy initiatives
"The country's strategies, such as the Energy Strategy 2050, aims at raising the share of clean energy in the total...
- The UAE leads in sustainable development and urban planning, emphasizing renewable energy, efficient buildings, and sustainable transportation for a greener future.
- The UAE's Energy Strategy 2050 aims for 50% clean energy, while Dubai's Clean Energy Strategy 2050 targets 75%, supported by solar parks and green funds.
UAE backs women in climate action, gender equality
“Today’s frameworks to advance gender equality and women’s empowerment ring hollow in the face of the war on Gaza, which...
Arts & Culture
Company News
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Healthcare experts must keep up with tech innovations
Arts & Culture
UAE is an exceptional economic leader in Middle East
"We've collaborated closely with the World Governments Summit for over a decade. It presents a vital opportunity to foster innovative...
Economy
Global changes call for adaptable fiscal policies
He highlights the UAE's strategic priorities, including the future of fiscal policy, the application of sustainable fiscal policies to foster...
Economy
Healthcare experts must keep up with tech innovations
She emphasizes the significant impact of technology on the healthcare sector and highlighted the 'Let's Talk Innovation' Symposium's focus on...
Arts & Culture
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Business
‘Bond market acts as a mirror to economic realities’
"(US Federal Reserve Chair Jerome) Powell's focus on verifying inflation's trajectory is in line with the central bank's dual mandate...
- Bond market's selling pressure illustrates its role in reflecting economic realities, says Nigel Green
- A 27 basis points surge in 10-year yields marks notable market movement since June 2022, he adds.
Business
Investors eye UAE’s booming sustainable finance sector
"Numerous opportunities exist in sustainable investments, especially in sectors like building systems, renewable energy, water, food and agriculture, shipping, among...
- The UAE is experiencing remarkable growth in sustainable finance, according to Barclays Private Bank UAE CEO Rasha Badawi.
- Sustainable investment opportunities expanding in the UAE across various sectors including renewable energy and agriculture, she adds.
Geostrategy
WEF24: Scaramucci calls for reform in US politics
US politics need reform, strategic foresight, and principled governance to address domestic and global challenges, says noted American financier Anthony...
- US politics need reform, strategic foresight, and principled governance to address domestic and global challenges, says noted American financier Anthony Scaramucci.
- Scaramucci tackles issues like the 'weaponization of the dollar,' lobbying influences, and power concentration in the US during a TRENDS-hosted panel session.