With the support of Vision 2030 projects and a surge in real estate lending, the banking sector's performance in the Gulf region has been commendable, says a report.

"World peace and security, along with social, economic, and political stability, hinge on two pivotal factors: addressing climate issues and investing in clean and renewable energy sources through a just and responsible energy transition, and leveraging advanced technologies to combat the effects of climate change," Ghobash adds.

"While the world has abundant funds, there's a need for innovative strategies to channel them into vital sectors like sustainable development, renewable energy, and the blue economy," she adds while sharing her optimism for the World Investment Forum (WIF) in Abu Dhabi, scheduled between October 16 and 20, 2023.

In its 2023 annual report, the Organization of the Petroleum Exporting Countries forecasts demand for crude to reach 116 million barrels per day (mbd) by 2045 under its main scenario, a 16.5 percent increase from the 99.4 mbd in 2022. That is an increase of 6 mbd from its estimate...

Abu Dhabi, UAE -- UAE's Ministry of Climate Change and Environment (MOCCAE) and Abu Dhabi Waste Management Company (Tadweer) have signed a Memorandum of Understanding to launch ‘Waste to Zero’, a global initiative to mobilize and advance waste decarbonization efforts, and to establish a circular economy platform. The initiative is...

Riyadh, Saudi Arabia - The president of the upcoming COP28 climate talks in Dubai called on Sunday for governments to abandon the "fantasy" of hastily ditching existing energy infrastructure in pursuit of climate goals. "We cannot unplug the energy system of today before we build the new system of tomorrow. It...

President of the upcoming COP28 climate talks Sultan Al Jaber, also the head of UAE state-owned oil firm ADNOC, told an oil conference that the fossil fuel industry would play an essential role in addressing the crisis. "This industry has been viewed as part of the problem, that it's not...

“This potential is further amplified by its vast human resources, and cutting-edge technological and industrial capabilities,” he adds, emphasizing that BRICS could shift global focus to urgent matters like climate change, energy security, innovation, and the promotion of investments in emerging technologies.

“As the UAE gears up to host COP28, it's crucial to involve all partners in hastening climate action, both locally and globally. Our objective is to mainstream sustainability. We're convinced that if we can make intricate climate change issues relatable worldwide, we can undoubtedly fulfill the Paris Agreement's objectives,” she...

Tokyo, Japan-- The UAE and Japan have held discussions to boost partnership in various sectors of the economy even as the first ministerial meeting of the comprehensive strategic partnership took place between the two countries in Tokyo. In this regard, Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced...

NEW YORK, US – UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri called upon the global community to utilize the opportunity offered by COP28 in the Emirates to drive climate action by focusing on food systems transformation and promoting nature-based solutions. She made the comments during...

New York, United States -- Sheikh Abdullah bin Zayed Al Nahyan, UAE's Minister of Foreign Affairs, hosted a reception at the Permanent Mission of the United Arab Emirates to the United Nations on the third day of the 78th session of the UN General Assembly (UNGA 78) Saturday. The reception,...

"The UAE is steadfast in its efforts to mitigate tensions and advocates for dialogue and diplomacy as means of resolution. We're committed to fostering a new paradigm to bolster economic collaboration among regional countries, benefiting both their economies and their people, and enhancing regional stability and prosperity," she adds.

“As we prepare for the groundbreaking Health Day at COP28, we are resolute in our determination to address the challenges posed to health by climate change and encourage ambitious investment in the health sector. Our goal is to build resilient, equitable health systems,” adds the COP28 President-Designate.

Abu Dhabi, UAE - The UAE President Sheikh Mohamed bin Zayed Al Nahyan of the UAE and President Abdel Fattah El-Sisi of Egypt met in Abu Dhabi to discuss bilateral relations and cooperation between their countries.  The two presidents deliberated on economic, investment, and development collaborations between the two countries,...

Dubai, UAE-- Terming climate action as an opportunity to create a more equitable and sustainable world, Mariam bint Mohammed Almheiri, UAE's Minister of Climate Change and the Environment, believes it is a chance to raise living standards, "create new jobs and vibrant new industries, strengthen our bond with nature, and...

Abu Dhabi, UAE - The UAE Ministry of Tolerance and Coexistence and the COP28 Presidency have signed a Memorandum of Understanding (MoU) to promote tolerance, coexistence, and human fraternity during COP28 slated to  take place from November 30 - December 12.  The UAE Minister of Tolerance and Coexistence Sheikh Nahayan...

Abu Dhabi, UAE - The UAE ranks among the top world leaders in solar energy use, according to a recent report published by the Energy Institute Statistical Review of World Energy. With three of the planet’s largest solar sites, the UAE is the 6th highest per capita consumer of solar...

"The UAE and India have robust, deep-rooted bilateral relations. The signing of the Comprehensive Strategic Partnership in 2017 and the Comprehensive Economic Partnership Agreement in 2022 reflects both countries' eagerness to strengthen and elevate these relations," Al Sayegh points out on the sidelines of the G20 Summit in New Delhi.

Abu Dhabi, UAE - A global summit for faith leaders from around the world will take place in Abu Dhabi from November 6 to 7, to highlight the crucial role of faith communities in addressing climate change. The summit will take place ahead of the 28th Conference of the Parties...

The G20, which accounts for about 85 percent of the world's economy and greenhouse gas emissions, will meet in New Delhi in the absence of China and Russia's leaders, as the invasion of Ukraine, trade and the future of fossil fuels stir tensions.

Dubai, UAE - An airport terminal able to handle up to 45 million passengers a year will open in Abu Dhabi in November, state media said Thursday, accelerating competition in the crowded Gulf market. Terminal A in the oil-rich United Arab Emirates capital, touted as one of the world's biggest, will...

"International reports indicate that the countries in the Middle East and North Africa region are most vulnerable to climate change risks, as 60 percent of the region's population lives in areas that suffer severely from water stress, and 20 million people could be displaced due to climate change," she adds.

Cairo, Egypt - Egyptian Minister of International Cooperation Dr. Rania Al Mashat, said the 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28) is likely to address climate change issue and its effects on countries and people, local media reports said. The UAE will host...

The conference will focus on practical aspects, unifying action, and establishing partnerships, as well as aligning efforts to transition from planning to implementation, to deliver tangible results and deal with climate challenges. The COP28 Presidency seeks to deliver a “human-centric COP”, she adds.

Abu Dhabi, UAE - The UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri, affirmed on Tuesday the UAE's readiness to host the upcoming Conference of the Parties (COP28) this November, in collaboration with all associated partners and entities. She underscored the UAE's pivotal role in advancing...

"Together, we are working under the direct supervision of the Central Bank of the UAE to further advance sustainable finance in the region. Collaboratively defining a framework for accountability and best practices will encourage the transition to a climate-neutral, resource-efficient, and resilient economy," he adds.

ABU DHABI, UAE - A two-day meeting of world leading economists and finance leaders convened by the COP28 Presidency has stated the next steps needed to establish a new framework for international climate finance and to drive progress at COP28 and beyond to COP29 and COP30. World-leading economists from the...

"The UAE possesses essential capabilities such as modern infrastructure, a commendable track record in sustainability and environmental conservation, recognition as a successful convener of global events, and deep-rooted relations with other countries," he adds while reviewing the preparations to host COP28 in the country later this year.

ABU DHABI, UAE - Key UAE government entities have partnered to boost coordination between advanced technology and space sectors. The collaboration is aimed at harnessing emerging technological innovations and developments to tackle global climate change.   The Ministry of Industry and Advanced Technology (MoIAT), UAE Space Agency, and COP28, through...

Life in Bahrain largely moves indoors during the summer months, with the ever-present Arctic blast of air-conditioning systems.

The UAE, set to host COP28 from November to December in the business hub of Dubai, requires official permission for protests but effectively bans demonstrations it deems disruptive. At the upcoming UN climate talks "there will be space available for climate activists to assemble peacefully and make their voices heard", it...

ADNOC "is accelerating its decarbonization plan to advance its net-zero ambition to 2045, compared to its previous target of 2050," the company said in a statement. It said it intends to "increase its investments and redouble efforts in decarbonization," relying on an initial financing of $15 billion for "low-carbon solutions"...

Dubai, UAE-- Calling on governments around the world to demonstrate leadership by signing the "Leaders Declaration on Food Systems, Agriculture and Climate Action", the COP 28 Presidency launched its Food Systems and Agriculture Agenda during the Food Systems Summit in Rome. It forms part of its continued work to define...

"The UAE believes in the importance of joint action, integration of efforts, and promotion of economic development for countries facing development challenges and affected by irregular migration, according to a framework of joint planning with various international partners," adds Al Hashimy.

New York, US--The UAE and the UN have discussed joint cooperation and partnership on government experience exchange, global climate action and sustainable development as the UAE gears up to host COP28. In this regard, a senior UAE delegation met Selwin Charles Hart, the Special Adviser to the UN Secretary-General on...

Riyadh, Saudi Arabia--Saudi Arabia will host the MENA Climate Week 2023 in Riyadh on October 8-12, in coordination with the United Nations Framework Convention on Climate Change (UNFCC). The MENA week’s activities and events will be “Global Stocktake” to assess the progress made towards realizing the climate changes objectives outlined...

PARIS, FRANCE - New carbon-cutting plans by this year's UN climate talks host the UAE were branded "insufficient" by an analysis on Thursday that hit out at the oil-rich nation for allegedly undermining its own targets with plans to increase fossil fuel production. The UAE, which will host the COP28 United...

The US-Arab Strategic Dialogue discussed Middle East peace and the Israeli- Palestinian conflict, among other issues. The dialogue concluded successfully and the US and Arab League issued a joint statement on several issues. They statement said that they will counter terrorism and violent extremism in all its forms.

Abu Dhabi, UAE - Khaled Mohamed Balama, Governor of the Central Bank of the United Arab Emirates (CBUAE) discussed ways to enhance the integrity of the financial system in a meeting with Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) on Wednesday. They also discussed partnership between CBUAE...

As the UAE prepares to host COP28, Japan aims to offer its green and renewable energy technologies to support the Gulf states' decarbonisation efforts. Japanese PM Fumio Kishida's visit also witnessed the UAE-Japan Business Forum, where 23 cooperation agreements were signed, bolstering economic and trade ties between the two countries.

The UAE and India vowed to make this year's COP28 conference in Dubai a success, as Indian Prime Minister Narendra Modi paid a visit to the Gulf state. The oil-rich UAE will host the COP28 UN climate talks in November and December, as nations are still far on means to...

DUBAI, UAE- As much of the world swelters in record temperatures, spare a thought for Issam Genedi, who ekes out a living washing cars in one of the planet's hottest regions, the Gulf. Pausing from his work at an outdoor carpark in Dubai, the Egyptian migrant says the UAE's furnace-like summer...

We cannot shut down the energy system of today before we build the new energy system of tomorrow that is equipped with zero-carbon emission sources," said Sultan Al Jaber, head of the United Arab Emirates national oil company ADNOC. "We don't want to create an energy crisis."

The oil-rich Gulf monarchy, which will host this year's COP28 UN climate talks, last week unveiled plans to cut domestic emissions by 19 percent of 2019 levels by 2030. Under these plans, the UAE would contribute to keeping warming to "just below" 2.0 degrees Celsius above pre-industrial levels, the UAE's...

GFCF will triple its production after setting up its Phase II in Musasafah.

“We need greater cooperation is scientific research and innovation. Research and innovation are not only imperative for national and global development, but also for the common welfare of humankind. They are enablers for inclusive, equitable and sustainable growth,” she tells more than 100 delegates from 29 G20 countries.

France's energy transition minister Agnes Pannier-Runacher left the world's biggest oil exporter early Sunday morning after meeting with her Saudi counterpart. Emissions reduction targets can be more credible "when we give ourselves objectives in a short period -- 2030-2035 -- and therefore do not postpone the subject to 2050," Pannier-Runacher said in...

“The phase down of fossil fuels is in-evitable. It is in fact essential. But it cannot be irresponsible. We must manage this transition, ensuring energy security, accessibility and affordability, while also sustaining socio-economic development. The speed of the transition will be driven by how quickly we phase up zero carbon...

Al-Jaber, head of the UAE national oil company ADNOC, told ministers from countries of the OPEC oil producers' grouping the industry must "urgently decarbonize its operations and take collective action to eliminate operational emissions".