COP28 President Dr Sultan Al Jaber lays down big agenda items for climate summit

Deploying a fully functional fund to compensate poor countries hit by climate change is among the major goals set out for the United Nations COP28 summit that starts in November. Delegates from the almost 200 countries at the gathering must also set targets for tripling renewables and doubling hydrogen production by 2030, Sultan Al Jaber, […]

DIFC to host first Future Sustainability Forum in Dubai

Dubai International Financial Centre (DIFC) has announced it will host the inaugural edition of the Future Sustainability Forum ahead of COP28. Set to galvanise key stakeholders, including the finance and insurance sectors, towards accelerating net-zero goals, the forum offers a platform to explore future sustainability and climate technologies critical for the world’s net-zero agenda and […]

UAE President, India’s PM meet; deals signed include MoU to set up payment in local currencies

Sheikh Mohamed bin Zayed Al Nahyan, President of UAE met with Indian Prime Minister Narendra Modi in Abu Dhabi. The visit by the Indian leader was to take the strategic partnership between the two countries to the next level, following the signing of the Comprehensive Economic Partnership Agreement (CEPA) in 2022, as per state news […]

OMV enters talks with ADNOC to form global chemical giant

Austria’s OMV is entering talks with Abu Dhabi National Oil Company (ADNOC Group) about combining some of their assets to create a chemicals and plastics giant. OMV’s executive board decided to pursue negotiations with state-owned ADNOC about a potential merger of Borouge and Borealis, it said in a statement Friday, confirming a Bloomberg News report. […]