INSEAD Day 4 - 728x90

COP28

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.
  • Paris, France -- The world needs "trillions" of dollars to spur on the green transition and tackle global warming, the head of last year's COP28 climate talks said Tuesday, warning that political momentum can evaporate without clear action. COP28 president Sultan Al Jaber hailed progress made at UN negotiations last year in...
  • UAE is focused on uniting parties in a COP that delivers for all: Al Jaber

    Dr. Sultan bin Ahmed Al Jaber believes that the Caribbean region will have a key role at COP28 in bringing countries together and contributing to a consensus-driven approach across "every climate pillar." He affirmed a just energy transition can be delivered that embraces clean technologies, without sacrificing energy security or...
  • Climate change spells ‘truly terrifying’ future of hunger, suffering: UN

    On current policy trends, the planet will be 2.8C warmer by the end of the century, according to the UN's IPCC climate science advisory panel.
  • France, UAE share vision to shift towards clean energy

    PARIS, FRANCE - French Minister of Foreign Trade Olivier Becht said his country and the UAE share a common vision of accelerating the shift to green energy to tackle the growing threats posed by climate change. The two countries are working together on low-carbon energy solutions, he said,  expressing his...
  • UAE offers the world an eco-friendly economic model

    “The World Meteorological Organization is extremely pleased with the UAE's actions, including the decision to increase investment in clean energy and other projects that support the organization's strategy for addressing climate change issues, as well as their decision to host the headquarters of IRENA, which is a key player in...
  • United Arab Emirates University launches its COP28 roadmap

    AL AIN, UAE - The United Arab Emirates University (UAEU) on Friday launched its plan of action leading up to the meeting of the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) being held in Dubai Expo City in November 2023. Present at...
  • ‘Global climate action brings immense optimism’

    Finland and the UAE will be able to tackle climate change through international efforts, collaboration, and partnerships, she adds while highlighting that the European country belongs to a group of ambitious EU Member States that is advocating stricter emission reduction targets for non-EU countries in the forthcoming COP28 in Dubai.
  • ‘UAE is all for gender equality, women empowerment’

    "We firmly believe that the full, equal and meaningful participation and inclusion of women across society is essential for achieving sustainable development and lasting peace,” she adds. “This partnership will not only contribute to the Women, Peace and Security agenda – it will also advance the role of women and...
  • At UN, UAE plays up link between climate change and peace

    Exhorting the Security Council to adopt what she called as innovative attempts to address the interplay between climate change, peace and security, Mariam Almheiri, UAE's Minister of Climate Change and Environment, warned that the threat of climate change was not a hypothetical scenario but a "risk multiplier" and many were...
  • GCC ramps up ESG efforts amid green investment push

    Businesses are getting ready for COP28 by moving from starting ESG programs to growing them, and those who know the benefits of ESG Reporting may gain a lot, say experts.
  • UAE and Japan discuss boosting economic, trade and industrial ties

    Tokyo, Japan-- The UAE and Japan are looking to bolster economic, trade, industrial and investment ties as part of a broader strategic partnership between the two countries. In this connection, the UAE's Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan met with Yoshimasa Hayashi, Minister for Foreign Affairs of Japan,...
  • SEWA, US delegation explore collaboration in innovation, sustainability

    Sharjah, UAE - Abdullah Abdul Rahman Al Shamsi, Director-General of SEWA Sunday discussed the authority's initiatives to reduce emissions and combat climate change with a delegation from the US Consulate General, led by Megan Gregonis, the Consul-General in Dubai. The discussion also focused on SEWA's efforts in promoting innovation in...
  • The phase down of fossil fuels is inevitable: Emirati COP28 chief

    Al-Jaber, who runs the Abu Dhabi National Oil Company (Adnoc), defended a COP28 roadmap that includes a "global goal to triple renewable energy, double energy efficiency, and double clean hydrogen, all by 2030." His comments came as numerous participants and observers in the UN climate negotiations have called on al-Jaber...
  • ‘UAE adopts top global food safety standards’

    "Food safety is a main pillar of our strategy to achieve national food security. The Ministry has outlined its vision for the future, with the goal of implementing several policies, laws, and regulations in collaboration with diverse stakeholders in the UAE to ensure the safety and well-being of the society,”...
  • US official meets UAE diplomats to discuss climate change

    DUBAI, UAE - US special climate envoy John Kerry has met senior Emirati officials in Abu Dhabi, including the head of the United Nations' upcoming climate change conference, official media reported on Sunday. The choice of Sultan Al Jaber, chief executive of the Abu Dhabi National Oil Company (ADNOC), to head...
  • ‘UAE rising as a key player in global hospitality’

    “Cities such as Dubai and Abu Dhabi have rapidly established themselves as the hospitality destination of choice for business and leisure. Emirates such as Ras Al Khaimah are also heavily investing in these sectors, offering international tourists diverse offerings across the leisure and entertainment sectors,” he adds.
  • World needs tangible climate solutions: Al Mubarak

    More than 1,000 private sector executives and members of the Dubai Chamber had joined the path towards reducing global emissions by half by 2030 and reaching zero emissions by 2050, says Al Mubarak, who is also president of the International Union for Conservation of Nature (IUCN).
  • Dubai launches strategy to achieve zero emissions in public transport

    This aligns with UAE's preparations for COP28 and the UAE Net Zero by 2050 Strategic Initiative, and is a part of RTA's efforts to advance sustainability maturity levels in roads and transportation.
  • UAE joins $275m global effort toward Romania’s clean energy goals

    Abu Dhabi, UAE -- The UAE has joined global partners such as the US, Japan, and South Korea to commit up to $275 million towards nuclear energy in Romania. The announcement, made by US President Joseph Biden at the G7 Summit in Japan, is the first major nuclear energy initiative...
  • Africa needs greater finance to battle climate change

    “When it comes to renewable energy, only two percent of the US$3 trillion invested worldwide over the last twenty years have made their way to Africa. If we can shift the balance on climate finance to Africa, I believe this continent can become a defining force in low carbon sustainable...
  • UAE and Malaysia agree to boost cooperation in clean energy

    Kuala Lumpur, Malaysia-- The UAE and Malaysia are looking to bolster cooperation in the field of energy, in addition to strengthening ties between the two countries. The subject of cooperation in clean energy came up in a meeting between Suhail bin Mohammed Faraj Faris Al Mazrouei, the UAE's Minister of...
  • Dubai Customs seizes over 200 samples of endangered animal, plant species since 2020

    DUBAI, UAE - Dubai Customs (DC) successfully seized, over the past three years, nearly 330 tons and over 200 samples of animal and plant species that violate the international Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), which the UAE joined in 1990. DC revealed...
  • Environment ministry reclassifies 64 air quality monitoring stations in UAE

    DUBAI, UAE -  As part of the Year of Sustainability initiative, UAE Ministry of Climate Change and Environment (MOCCAE) has updated the classification of 64 air quality monitoring stations. This reclassification is consistent with the ministry's 2022 directive that set forth the requirements for classifying these stations, reinforcing the country's...
  • Gulf oil giants turn to start-ups in bid to promote carbon capture

    With little investment and few projects in operation around the world so far, the technology to capture carbon before it goes into the atmosphere as a potential global warming solution is currently nowhere near the scale needed to make a difference to global emissions.
  • UAE invites Syrian President to COP28 summit in Dubai

    The United Arab Emirates has invited Syrian President Bashar al-Assad to attend the UN climate summit in Dubai later this year, Syrian state media said. Assad's first invitation to a global summit since the start of Syria's war in 2011 comes as the Arab world warms to Damascus after a...
  • Indo-Pacific needs comprehensive economic prosperity

    "The UAE shares a vision with the European Union to achieve comprehensive economic prosperity in the Indo-Pacific," adds Al Kaabi while highlighting the increasing importance of the region, its significant population and GDP, and the need for cooperation to address geo-economic challenges.
  • Masdar, IRENA ink pact on tripling global renewable energy capacity by 2030

    ABU DHABI, UAE - Masdar has signed an agreement with the International Renewable Energy Agency (IRENA) to cooperate on a major international knowledge project setting out the means to triple global renewable energy capacity by 2030. During the UAE Climate Tech Forum in Abu Dhabi, Mohamed Jameel Al Ramahi, CEO...
  • UAE and US climate farming fund swells to US$13 billion

    Thanks to the jump in the fund, the Agriculture Innovation Mission (AIM) for Climate, launched in 2021, now surpasses its US$10 billion target for the COP28 climate talks, to be held by the UAE in November. The changing climate is threatening food security as global warming increases the frequency of...
  • UAE, Switzerland discuss enhancing bilateral relations

    BERN, SWITZERLAND - The UAE discussed bolstering strategic relations and cooperation in various development, economic and financial fields of common interest with Switzerland here. The UAE's Ministry of Finance (MoF) held the fifth financial dialogue with the Swiss Confederation in Bern. Younis Haji Al Khoori, Undersecretary of the Ministry of...
  • COP28 chair Sultan Al jaber urges tripling of renewables capacity

    Al Jaber's call marked a public endorsement of a target laid out by the International Energy Agency. Last month at a closed-door meeting with G7 leaders in Japan, he had also raised the target. At the same time, he did not call for a complete end to the use of...
  • AI key to global opportunities, practical solutions

    "Projections indicate that AI solutions are set to contribute an estimated $13 trillion to the global GDP by 2030, optimizing the industries of tomorrow and significantly improving the lives of billions of people," adds Dr. Al Jaber, who is also President-Designate of COP28 and the Chairman of MBZUAI.
  • Lula visit: Brazil, UAE seal climate, biofuels deals

    They also announced a series of deals, including one for the UAE-controlled Mataripe refinery in northeastern Brazil to invest up to $2.5 billion in a biodiesel project in the region, and another on cooperating against climate change. The UAE is due to host the COP28 UN climate talks later this...
  • UAE minister stresses G20 and COP28 collaboration at WBG meet

    The members also exchanged views on progressing the implementation of Multilateral Convention to Implement Tax Treaty Related Measures to Prevent base erosion and profit shifting (BEPS) to advance the international taxation agenda.
  • Future looks bright as businesses meet sustainability

    "In Sharjah, we are working hard to bring more balance and harmony to our relationship with the land" she adds, referring to various actions carried out by public and private entities as well as educational institutions in the emirate, such as the harvesting of toxin and pesticide-free wheat from the...
  • Unity key for ‘transformational progress’ at COP28

    “We have a short window of opportunity to deliver a system-wide transformation. But if we make the right investments, we can create a pathway for sustainable growth, where climate and economic progress go hand-in-hand,” adds Al Jaber, who is also the UAE's Minister of Industry and Advanced Technology.
  • ESG investment, COP28 drive GCC sustainability bid

    As the effects of climate change intensify each year, there is an urgent need to transform multiple industries to meet sustainable development targets, avoid greenwashing, and create transparent and pragmatic resolutions, adds Hitchen, suggesting the plan of action for the region.
  • UAE minister meets UN Secretary-General on global climate action

    NEW YORK, US -  Minister of Industry and Advanced Technology and COP28 President-Designate Dr. Sultan bin Ahmed Al Jaber met UN Secretary General António Guterres and underscored  the UAE’s commitment of deepening cooperation with the world body on climate action. Guterres expressed his deep appreciation for the cooperation of the...
  • COP28 President Designate meets with key US government officials

    WASHINGTON DC, US -  UAE Minister of Industry and Advanced Technology and COP28 President Designate Dr. Sultan bin Ahmed Al Jaber met with key US government leaders at the White House to discuss global climate issues. During the meeting on Thursday, which was convened by US Special Presidential Envoy for...
  • UAE, Oman agree to cooperate on development, environmental protection

    Dubai, UAE-- The UAE and Oman have signed an agreement to enhance cooperation in order to preserve environment and encourage sustainable development. In this connection, a UAE delegation, headed by Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, paid a visit to Oman to enhance cooperation in...
  • UAE, Italy enhance bilateral relations to Strategic Partnership level

    ABU DHABI, UAE -  The United Arab Emirates and Italy on Saturday announced the enhancement of their  bilateral relations to the Strategic Partnership level. The announcement came during a meeting between President Sheikh Mohamed bin Zayed Al Nahyan  and Italy's Prime Minister Giorgia Meloni at Al Shati Palace in Abu...
  • Masdar unveils 200MW Solar Park in Jordan

    Amman, Jordan - The Baynouna Solar Energy Company (BSCE), a joint venture between the UAE’s world-leading renewable energy company, Masdar, and Finnish investment and asset management group Taaleri, has announced the formal inauguration of the 200-megawatt (MW) Baynouna Solar Park – the largest clean energy project in Jordan. The inauguration...
  • Quality finance crucial to deal with climate change

    "We cannot neglect any element of the climate crisis, including its clear implications for international peace and security,” he adds. “Our obligation – with each body contributing within its mandate – is to reverse the current trajectories with inclusive, effective, and responsive climate action.”
  • COP28 host UAE vows ‘inclusive roadmap’ for climate talks

    Rights group Amnesty International has said Sultan Al Jaber is "unfit" for the COP28 presidency, being the CEO of state-owned oil giant ADNOC, while Western officials have defended his role in the crucial talks set for November and December.
  • Fight global warming without harming economic growth: COP28 chief

    The UAE is pushing the merits of carbon capture -- removing carbon dioxide as fuel is burned, or from the air.
  • UAE climate talks should focus on action, not visions: Ban Ki-moon

    The South Korean diplomat, who co-chairs the Ban Ki-moon Centre for Global Citizens, was in the UAE this weekend to launch a partnership with Dubai Cares, a civil society organization focused on training youth on "green skills". "We need a COP of solutions and a COP of action," he said.
  • Hosting COP28 gives important message to the world: UK minister

    Abu Dhabi, UAE-- The hosting of events like the Abu Dhabi Sustainability Week and the upcoming COP28 demonstrate the UAE's "great leadership in this process." This was stated by Grant Shapps, UK’s Secretary of State for Business, Energy, and Industrial Strategy. “I think it is an amazing year for the...
  • UAE committed to promote sustainability in all sectors

    “The UAE will strive to make COP28 one of solidarity and action. It will listen, engage, and build partnerships with all parties who seek to play a constructive role in the clean energy transition. It will bridge the global north and south. And it will move from goals to concrete...
  • Strong economies help GCC survive global chaos

    Robust monetary policies curtail the impact of geopolitical tensions, energy crisis, worsening inflation rates and market volatility on the region during 2022, a report highlights.
  • Innovation plays key role in tackling climate change

    “The COP28 UAE is focused on delivering concrete and pragmatic solutions to ensure 1.5°C remains alive and within reach. This will require a global effort to slash emissions by 43 percent globally by 2030,” she said while heading the UAE delegation to the 13th session of the IRENA in Abu...
  • UAE COP28 President Sultan Al Jaber urges focus on emissions

    Abu Dhabi, UAE--The president of this year's COP28 climate talks, who heads one of the world's biggest oil companies, on Saturday urged a focus on lower emissions, warning global energy needs were set to accelerate. Sultan Al Jaber, the United Arab Emirates' special envoy for climate change and CEO of...
  • UAE provides ‘conducive environment for cooperation’ between fossil fuel providers and climate activists

    "The [energy] landscape in 2023 will have much of the same volatility we've seen in 2022. The difference is the Chinese economy is going to come back because of the lifting of COVID-19 restrictions, but at the same time Europe and the United States are going to be slowing down,”...