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Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Masdar issues $1bn bond

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WGES 2022 to promote investment tie-ups in green projects

Saeed Mohammed Ahmed Al-Tayer, CEO of DEWA speaks during the closing session of the World Green Economy summit in Dubai on October 6, 2016. AFP
  • The summit will be attended by several local and global high-profile participants, including heads of states and governments, as well as prominent global speakers
  • The UAE is the first country to develop the Green Key Performance Indicators focusing on three dimensions - environmental, economic and social - of sustainable development

The eighth World Green Economy Summit (WGES), to be held in Dubai, will focus on developing investment partnerships in green projects and financing and also promote employment opportunities provided by the green economy.

During the summit, several local and global high-profile participants, including heads of states and governments, as well as prominent global speakers, official dignitaries from government organisations, academia, experts and the media, will discuss promising opportunities and investments for the public and private sectors.

The UAE is the first country to develop the Green Key Performance Indicators (KPIs). It focuses on three dimensions – environmental, economic and social – of sustainable development. The KPIs include green jobs, Emiratisation, innovation, human development, ecological footprint, and green vehicles.

The UAE committed $400 million to enable the transition to clean energy for developing nations, that will positively impact 100 million African citizens by 2035. It has promised to raise $4 billion to invest in technologies that will transform agriculture and food production to limit climate change.