Colombia, whose left-leaning government has aggressively promoted environmentalism, warned that COP28 was also failing on raising financing for countries to adapt to the effects of climate change. If countries block "goals on adaptation but at the same time oppose the phase out fossil fuel, they need to be held accountable....

The demonstrators chanted "Climate justice!" and "Ceasefire now!" as they held pro-environment banners painted in the colors of the Palestinian flag in their hands. Mexican activist Isavela Lopez said, "It's the same fight, it's the same thing -- it's colonialism, it's genocide,"as she described the links between climate injustice and...

Dubai, UAE--The Arab Centre for the Studies of Arid Zones and Dry Lands (ACSAD) will partner with the UAE's Ministry of Climate Change and Environment (MOCCAE) to realise the country's vision of reaching zero neutrality by 2050, according to a senior official of the Damascus-based centre.“As an Arab organisation mandated...

ABU DHABI, UAE - International Monetary Fund (IMF), in collaboration with the UAE Executive Office of Anti-Money Laundering and Counter Terrorism Financing (EO AMLCTF), held a "Fintech Roundtable" with Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) supervisors from across the globe.The event was attended by participants from 15 countries and...

Dubai, UAE--The head of OPEC has urged members of the oil cartel to reject any deal at UN climate talks in Dubai that "targets" fossil fuels instead of emissions, according to a letter seen Friday by AFP.In the letter sent Wednesday, OPEC Secretary General Haitham Al Ghais said he was...

Riyadh, Saudi Arabia--The General Civil Aviation Authority (GCAA) of the UAE signed two memorandums of understanding (MoUs) with Brazil and Switzerland to strengthen cooperation in the field of air transportation with Brazil and Switzerland.The agreements were signed on the sidelines of the UAE delegation's participation in the fifteenth ICAO Air...

The UAE plays a pivotal role as IRENA headquarters and key renewable energy hub, Dr Nawal Al Hosany, the permanent representative of the UAE to IRENA, tells TRENDS.

With the technology and vision firmly in place, the GCC countries are now building momentum, developing the partnerships, infrastructure, and regulations that will allow for full scale EV and AV commercialization and shape the future of transportation for generations to come, Joumaa adds.

DUBAI, UAE — The supply of under construction warehouse stock in Dubai’s industrial market stands at 1.56 million square feet according to Knight Frank's latest report: Dubai & Abu Dhabi Industrial Markets Review, Q3, 2023.According to Knight Frank, demand is outstripping supply and occupiers are faced with the prospect of leasing...

Dubai, United Arab Emirates – Over-confidence is leaving consumers in UAE open to becoming victims of fraud, according to Visa’s annual Stay Secure study released Thursday. Despite more than half of respondents (61 percent vs. 56 percent global average) claiming to be savvy enough to sidestep online and phone scams,...

DUBAI, UAE -  Dubai Municipality and Dubai Electricity and Water Authority (DEWA) have signed an agreement on the sides of the UN Climate Conference (COP 28) to cooperate in a project to generate electricity from biogases extracted from the landfill in Muhaisnah 5.The signing supports Dubai’s leading sustainability practices and...

DUBAI, UAE - According to World Health Organization data, 99 percent of the world’s population lives in places where air pollution levels exceed WHO guideline limits.Exposure to air pollution increases the risk of respiratory diseases, stroke, heart attacks, diabetes and links to dementia.Children are also highly susceptible to poor air...

Abu Dhabi, UAE--Egyptian Petroleum Minister Tarek el Molla announced an agreement on laying down a detailed road map for cutting methane emissions of the petroleum and gas sector in Egypt via the offered technical support.According to the Middle East News Agency (MENA), the agreement is scheduled to be signed by...

It wants to build a supply chain between UAE and Amsterdam.

Russian President Vladimir Putin's visit to Riyadh underscores the deepening economic and diplomatic relations between the two countries.

Organizers say the Faith pavilion is supporting progress toward an ambitious pact to limit global warming, that also ensures financial aid for the world's poorest on the frontlines of climate change. Faith leaders are offering moral and pastoral services to diplomats working around the clock on the agreement, and for...

Dubai, UAE - The Saudi Electricity Company (SEC), the largest producer, transmitter, and distributor of electrical energy in the Middle East and North Africa, announced on Tuesday that it seeks to reach net zero emissions by 2050 in line with the Saudi Arabia’s target to reach carbon neutrality by 2060...

Warsaw, Poland - As Vladimir Putin touches down in the Middle East later on Wednesday for visits to the UAE and Saudi Arabia, the Russian leader is brimming with confidence that would have been unimaginable six months ago.A much-touted Ukrainian counteroffensive that was once expected to carve through Russian lines...

Dubai, UAE - The UAE announced the launch of the Industrial Decarbonization Roadmap at COP28 on Tuesday with the aim of reducing industrial carbon emissions by 2.9 gigatonnes cumulatively until 2050.Focusing on manufacturing and hard-to-abate sectors, including cement, iron, steel and aluminium, the strategic initiative reflects the country’s commitment to...

The strategic partnerships, including substantial financial support from UAE and Qatar, mark a new era in Türkiye-GCC ties, promising to significantly boost bilateral trade.

Doha, Qatar - Qatar's ruler hit out at "shameful" international inaction over the Israel-Hamas war in Gaza as he opened a Gulf Cooperation Council meeting in Doha on Tuesday."It is shameful for the international community to allow this heinous crime to continue for nearly two months, during which the systematic and...

DUBAI, UAE – Institutional traders (INS) in the crypto markets maintain a conservative approach, with 50 percent of their portfolio in stablecoins and another 50 percent strategically invested in Bitcoin and Ether, according to a recent study conducted by Bybit Blog.“This risk-averse strategy is particularly notable in bear markets, where...

DUBAI, UAE -Mashreq bank has been announced as one of the top contributors to the UAE Banks Federation’s (UBF) pledge, to mobilize US$272 billion (AED 1 trillion) in sustainable finance by 2030 at COP 28. The event was hosted by the Central bank of the UAE in Global Climate Action...

The fate of oil, gas and coal is the thorniest issue being thrashed out at the COP28 UN climate talks in Dubai and divisions around their future have dominated the conference. The second version of the negotiating text puts three options on the table, setting the stage for a grueling...

Dubai, UAE--The Global Fund to Fight AIDS, Tuberculosis and Malaria (Global Fund) announced at COP28 that more than 70% of its funding, equivalent to more than $9 billion, will be spent over the next three years in favour of the countries most affected by climate change, with the aim of...

Inside the negotiating rooms and on the sidelines of the COP28 climate talks, simmering tensions over wealthy countries' "green trade" policies have been bubbling to the surface, with developing nations fearful they will be penalized. A particularly sore point has been the European Union's new carbon border tax, which sets...

Russian President Vladimir Putin, according to his aide Yuriy Ushakov, will first arrive in the UAE this week and then visit Saudi Arabia to meet with the kingdom's Crown Prince Mohammed bin Salman. Putin's diplomatic journey to the Gulf region comes at a time of deepening ties with key Gulf...

Abu Dhabi, UAE--ADQ and Qazaqstan Investment Corporation have established a co-investment platform focused on high-growth sectors such as food and agriculture, mobility, healthcare, energy transformation and clean technology, financial services technology, and education technology.The platform aims to explore and leverage investment opportunities in Kazakhstan as well as other countries in...

Abu Dhabi, UAE - Masdar City, an Abu Dhabi, UAE-based sustainability and innovation hub dedicated to making all cities a solution to climate change, has announced the region’s first net-zero energy mosque.Masdar City hopes to set a new industry standard for houses of worship in the region through an innovative...

DUBAI, UAE - The Emirati president of the UN's COP28 talks said on Monday he respects climate science, after a leaked video showed him declaring that no science says phasing out fossil fuel will achieve climate goals.Sultan Al Jaber also repeated his past statements that a phase out of fossil fuels...

The move will ensure a secure supply of nuclear fuel.

Dubai, UAE – Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy powerhouse, and EDF have signed an agreement with the Ministry of Energy of the Kyrgyz Republic to explore the development of hydropower and renewable projects with a combined capacity of up to 3.6 gigawatts (GW).The agreement was...

Dubai, UAE-- The UAE and Turkmenistan have agreed to enhance bilateral ties in all fields, particularly in the development sectors, in the "interests of the two friendly countries and peoples."The resolve to boost ties was expressed during a meeting between UAE's vice president Sheikh Mansour bin Zayed and Turkmenistan President...

According to a new report from Net Zero Tracker, at least 150 countries have committed to a net-zero emissions target of some kind. But the climate monitor said only 13 percent of those countries have made at least one commitment to phase out the use, production or exploration of coal,...

Dubai, UAE-- UAE President Sheikh Mohamed bin Zayed and UN Secretary General António Guterres discussed the importance of the conference in enhancing international collective action to address climate challenges in a manner that serves humanity and future generations.The meeting between the two took place at the ongoing UN Climate Change...

The Gulf Railway aiming for completion by 2030, will link GCC nations with a comprehensive rail network, marking a new era in regional transportation and economic integration.

Sultan Al Jaber -- who also heads state oil giant ADNOC -- made the comments during a testy exchange with former Irish leader Mary Robinson during an online forum. The 50-year-old, who is also the United Arab Emirates' climate envoy, added that removing fossil fuels would take the world "back...

DUBAI, UAE - International Labor Organization (ILO) Deputy Regional Director for the Arab States Peter Rademaker has confirmed that the Middle East and North Africa (MENA) region could create 10 million new jobs and accelerate GDP to 7.2 percent by 2050 via taking a serious approach to climate action.In a...

Dubai, UAE--The COP28 Presidency Saudi Arabia have launched a landmark Oil and Gas Decarbonisation Charter (OGDC), a global industry charter dedicated to speeding up climate action and achieving high-scale impact across the oil and gas sectors.To date, 50 companies, representing more than 40 percent of global oil production have signed...

Dubai, UAE--The United Arab Emirates (UAE) and Kazakhstan signed an agreement outlining a commitment to co-operation in the development of Kazakhstan’s renewables sector, including through the development of a large-scale wind power project with a 1GW capacity.Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, oversaw the signing of the agreement...

Speaking at a press conference on the sidelines of the UN's COP28 climate talks in Dubai, French President Emmanuel Macron said that the "Israeli authorities" will have to define their objective and desired end state more precisely. He warned that its aim of destroying the Palestinian movement could unleash a...

Abu Dhabi, UAE - AD Ports Group signed an agreement with Kazakhstan Temir Zholy JSC (Kazakhstan Railways to form a joint venture (JV) to enhance rail connectivity, maritime shipping services.This includes development of operations in Kazakhstan’s ports, accelerate digital transformation and connectivity in Central Asia.The joint venture, owned 51 percent...

DUBAI, UAE - Fifty oil and gas companies representing 40 percent of global production pledged to decarbonize their operations by 2050 at the UN's COP28 climate talks in Dubai on Saturday.Saudi giant Aramco and ADNOC of the UAE were among 29 national companies to sign a non-binding agreement that also envisaged...

Developing countries least responsible for climate change are seeking support from richer polluting nations to adapt to the increasingly ferocious and expensive consequences of extreme weather, and for their transitions to cleaner energy sources. The failure of wealthy nations to fulfill financial pledges to help developing nations cope with climate...

The fund will be housed in the World Bank for four years, a decision accepted by developing nations despite concerns about the institution's Western-dominated structure.

DUBAI, UAE – At the UN Climate Change Conference (COP28) here, UAE President Sheikh Mohamed bin Zayed Al Nahyan attended part of the Group of 77 and China meeting.The President extended a warm welcome to the leaders present, underscoring the significance of collaboration among developing nations to enhance common interests...

The other countries that signed up to the declaration include Britain, Bulgaria, Canada, the Czech Republic, Finland,  France, Hungary, South Korea,  Moldova, Mongolia, Morocco, the Netherlands, Poland, Romania,  Slovakia, Slovenia, Sweden,  Ukraine and the United Arab Emirates.

Across the country, the festivities will be characterized by performances of Emirati folk arts, cultural shows, police parades, display of flags and musical candlelights.

The bank, according to a statement, "is putting to work more than $40 billion", around $9 billion more than previously programmed. In 2021, the bank announced a goal to reach an average of 35 percent by 2025 and is currently ahead of schedule, running at an average of 36.3 percent...

Abu Dhabi, UAE - The Abu Dhabi Global Market (ADGM) was announced as the home of the newly launched catalytic climate vehicle ALTÉRRA established by Lunate the global alternative investment management company, the world’s largest private climate investment vehicle.The initiative, which saw the UAE commit a US$30 billion in catalytic...