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Protestors against climate change

UN calls for more in pre-Cop28 climate progress review

More action is needed to make progress in the fight against climate change, the United Nations has said in the lead up to Cop28. The UN Framework Convention on Climate Change (UNFCCC) analysed 195 commitments outlining the steps countries plan to take to cut their greenhouse gas emissions and adapt to climate change.  By current […]

Villagers collect drinking water in Antananarivo, Madagascar. The region is facing drinking water shortages due to both drought and floods

Cop28 and UN near deal on $100bn climate damage fund

The UAE’s Cop28 presidency, the United Nations and its partners have moved a step closer to setting up a fund to help vulnerable countries recover from damage caused by climate change.  The plan to create a climate “loss and damage” fund was hailed as a breakthrough for developing country negotiations at Cop27 in Egypt last […]

Ray Dalio, the billionaire founder of Bridgewater Associates, spoke on the opening day of the UN Conference on Trade and Development's World Investment Forum in Abu Dhabi

Rich nations can’t pay for entire world, says hedge fund guru

The founder of the world’s largest hedge fund has told a UN investment conference that the governments of developed countries cannot be expected to take care of the rest of the world. Ray Dalio of Bridgewater Associates, the US-based fund with $124 billion of assets under management, said those nations’ financial burdens were too big […]

Dr Sultan bin Ahmed Al Jaber, Cop28 president-designate, opened trading on Wall Street at the New York Stock Exchange on Tuesday

Fossil fuel phase-down ‘inevitable’ says Al Jaber

Cop28 president-designate Sultan Al Jaber this week implored world leaders to cut reliance on fossil fuels to meet carbon reduction targets.  Addressing the UN Climate Ambition Summit in New York, Al Jaber – who is also group chief executive of Abu Dhabi National Oil Company – urged nations to fast track the transition to a […]

Emirates NBD's Maurice Gravier said the UAE would be a "probable winner" as trade restrictions increase

The new Switzerland: diplomacy is key to UAE’s trade success

The UAE is “the new Switzerland” and poised to reap the benefits of its good relationships with both East and West, the investment boss of one of the Gulf’s leading banks has said. Maurice Gravier, chief investment officer at Emirates NBD Group, said he believed the world needed neutral powers, “a place to speak between […]

climate finance Al Jaber Cop28

Cop28 chief sets out UAE’s vision for climate finance

The UAE intends to make financing for climate change projects “more affordable [and] much more accessible”, the country’s oil chief and Cop28 president has said. Dr. Sultan Al Jaber said finance reforms were needed because the world was “way off track” the goals of the 2015 Paris climate accord, during a speech to the Atlantic […]


Cop27 climate talks in Egypt are set to get heated

The Cop27 climate talks, which begin on Sunday in Sharm El-Sheikh, Egypt on behalf of Africa face the challenges of an energy crisis and the war in Ukraine. These impactful events have dramatically changed the geopolitical context of Cop since Cop26 was held in the UK city of Glasgow last year. A key question expected […]

Tie, Accessories, Accessory

US special envoy for Yemen travels to the Middle East

The US special envoy for Yemen will visit Saudi and Jordan this week, as part of diplomatic efforts in support of the United Nations-mediated truce in Yemen. The US State Department reported on Monday. Tim Lenderking’s “engagements will focus on expanding, extending, and renewing the current truce agreement that will further the tangible benefits already […]

Yemen famine aid

New financing urgently needed to aid famine relief in Yemen

Yemen is searching for new wheat suppliers but will need help to pay for increasingly costly imports, an official and a main importer said, as the World Food Programme (WFP) warned of cuts to food aid for millions already living on the brink of famine. Disruption to global wheat supplies due to the Ukraine war […]

Guterres urges unconditional funds for Afghanistan aid

UN Secretary-General Antonio Guterres said on Thursday that the humanitarian situation in Afghanistan had “deteriorated alarmingly” and urged donors toprovide “unconditional and flexible funding” towards its $4.4 billion appeal for aid. Opening a high-level pledging conference, he said the Afghan economy had all but collapsed since the Taliban takeover in August and nine million Afghans […]