INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

UAE president discusses climate financing with World Bank chief

The UAE president Sheikh Mohamed bin Zayed Al Nahyan in a meeting with the President of the World Bank Group Ajay Banga at Qasr Al Shati in Abu Dhabi.
  • The meeting also discussed global economic conditions, and the contributions of the World Bank in supporting regional and global development
  • The UAE president highlighted the upcoming UN Climate Change Conference (COP28), which his country will host later this year

Abu Dhabi, UAE – The UAE president Sheikh Mohamed bin Zayed Al Nahyan Thursday discussed climate financing with the President of the World Bank Group Ajay Banga at Qasr Al Shati in Abu Dhabi.

The meeting also discussed global economic conditions, the economic impact of crises, and the contributions of the World Bank in supporting regional and global development.

The UAE president highlighted the upcoming UN Climate Change Conference (COP28), which his country will host later this year. The importance of climate financing in bolstering the global response to climate change and achieving sustainability goals came up for a special mention, as well as the role of the World Bank in this regard.

The meeting was attended by Sheikh Hazza bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi; Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region; Sheikh Tahnoun bin Mohammed Al Nahyan, Abu Dhabi Ruler’s Representative in Al Ain Region; Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs; Dr. Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology; and the delegation accompanying the World Bank President.