EXCLUSIVE Sustainability UAE’s Al Suwaidi backs Al Jaber after Cop28 criticism By Shruthi Nair June 6, 2023, 8:45 AM Dr Sultan Al Jaber’s record “speaks for itself”, a senior UAE official has told AGBI. The Emirates government is facing fresh criticism from international media and lawmakers over the oil chief’s appointment to oversee the Cop28 climate summit later this year. Al Jaber oversees UAE oil giant Adnoc, is minister of industry and advanced technology and serves as the chairman of state-owned renewable energy company Masdar. You may also be interested in … The UAE has a difficult path to negotiate Bold, practical, ambitious: delivering on Cop28 Climate change is too serious to be left to environmentalists “Dr Sultan Al Jaber has a strong record when it comes to promoting renewable energy and establishing Masdar from scratch,” said Omar Al Suwaidi, undersecretary of the UAE Ministry of Industry and Advanced Technology, during an exclusive video interview at the Make it in the Emirates forum last week. “He walks the talk,” he added. In May more than 100 US and EU lawmakers signed a letter calling for Al Jaber to be removed from his Cop28 role, citing his “conflict of interest”. Cop28 will mark the first global stocktake since the Paris Agreement in 2015. It will be held at the former site of Expo 2020 Dubai from November 30 until December 12. Watch the video interview to see Omar Al Suwaidi’s comments in full.
Real Estate ‘Safe’ Sharjah attracts Kuwaiti investors to $950m project The emirate of Sharjah has been praised as “safe and business-friendly” by a Kuwaiti developer who has formed a partnership to develop a AED3.5 billion ($950 million) housing project in its burgeoning local property market. Talal Al-Bahar, vice-chairman and CEO of Kuwait Real Estate Company (Aqarat), said that investors were attracted to Sharjah because of […] 22 hours ago
Aviation Riyadh Air delays launch after Boeing setbacks Riyadh Air has been forced to push back its launch date to the third quarter of 2025 after delays to deliveries from Boeing. The new Saudi airline had been scheduled to begin flying early this year. It is a blow to Saudi Arabia’s tourism ambitions to attract 150 million visits a year. Riyadh Air was founded […] 23 hours ago
Tech KKR signs a $5bn Gulf data centre deal in Dubai KKR, the American investment giant, and the data centre platform Gulf Data Hub (GDH), based in Dubai, have signed a strategic partnership to invest $5 billion in data centres serving the Gulf. A joint press release on Friday said that funds “affiliated with KKR” will also acquire a stake in GDH, although it did not […] 1 day ago
Real Estate Eagle Hills plans Trump hotel project with Kushner The Abu Dhabi-based developer Eagle Hills and Affinity Partners, an investment firm founded by Donald Trump’s son-in-law, Jared Kushner, have agreed to build a luxury hotel and apartment complex in Serbia’s capital, Belgrade. The project, on the site of the former Yugoslav defence ministry, will feature a 175-room Trump hotel as its centrepiece, and 1,500 […] 1 day ago
