Page 11 - Uae

Russian President Putin to visit Gulf countries for first time since 2019

Saudi Arabia, the UAE and Russia are all members of OPEC+, the alliance between the Organization of Petroleum Exporting Countries and other major oil producers

Climate finance in the spotlight at COP28 climate talks to bridge gaps

The amount of cash needed for the energy transition, climate adaptation and disaster relief is overwhelming

Ukrainian diplomats negotiate climate change at COP28 summit in Dubai

While Ukrainian diplomats take part in negotiations at the United Nations COP28 climate talks, Russia's war on the country lurks just in the background even as the United Arab Emirates has seen its business ties to Moscow surge despite Western sanctions. As Ukraine announced a 450 million euro ($489 million) expansion Monday of a wind farm in its Mykolaiv region, officials highlighted how its turbines would be spread far enough apart to survive any Russian missile attack. They decried continued attacks by Moscow on its energy infrastructure as snow storms grip the country. And an American diplomat forcefully denounced Russian President Vladimir Putin at an event that's seen demonstrators stopped from naming Israel in their protests over its pounding airstrikes and ground offensive in the Gaza Strip against Hamas. The war in Ukraine Putin's invasion represents a fundamental challenge to the international system that the United States and our allies and partners are trying to build,

BRICS countries collaborate to mobilise climate finance at COP28 in UAE

In situations where the global financial system falls short of providing adequate inclusive climate investments for developing nations, the BRICS initiative takes on even greater significance

COP28: Activists allowed into UAE can demonstrate under strict guidelines

As participants at the United Nations' COP28 climate talks filed in on Sunday for another day of talks, they found themselves greeted by a rare sight in the United Arab Emirates a protest. From activism about the Israel-Hamas war to environmental issues, activists allowed into the UAE can demonstrate under strict guidelines in this autocratic nation. Others from organizations long banned by the country also have been let in, providing them some the opportunity for the first time in about a decade to offer criticism though many acknowledge it may see them never allowed back in the country. One of our major issues with COP28 is the fact that the UAE government is using this to burnish its image internationally and the fact that limited protests are allowed ... is a good thing, said Joey Shea, now on her first trip to the Emirates as a researcher focused on the country at Human Rights Watch. "But at the end of the day, it helps to create this very false image that the UAE does have ..

As host of COP28, autocratic UAE now allowing critics it once kept out

As participants at the United Nations' COP28 climate talks filed in Sunday for another day of talks, they found themselves greeted by a rare sight in the United Arab Emirates a protest. From activism about the Israel-Hamas war to environmental issues, activists allowed into the UAE can demonstrate under strict guidelines in this autocratic nation. Others from organisations long banned by the country also have been let in, providing them some the opportunity for the first time in over a decade to offer criticism though many acknowledge it may see them never allowed back in the country. The UAE, a federation of seven sheikhdoms led by Abu Dhabi's ruler, bans political parties and labour unions. All power rests in each emirate's hereditary ruler. Broad laws tightly restrict speech and nearly all major local media are either state-owned or state-affiliated outlets. Laws also criminalise the very few protests that take place by foreign labourers over working conditions and unpaid ...

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COP28: UAE president announces $30 bn fund to bridge climate finance gap

In collaboration with global asset managers BlackRock, Brookfield and TPG, ALTÉRRA has committed $6.5 billion to climate-dedicated funds for global investments, including the Global South

Why is 1.5 deg C the most misunderstood number in the climate fight

When it comes to the collective goal of limiting global temperature rise to 1.5C, there's been only one acceptable talking point in the runup to the COP28 conference in Dubai

India, UAE steadfast in efforts to influence climate action discourse: PM

He expressed hope UAE-hosted COP28 will bring fresh impetus to effective climate action and international cooperation in advancing the goals of UNFCCC

COP28: India has walked the talk on climate change, says Indian envoy

The Indian envoy further said that India has played a leadership role under the vision of PM Modi on the issue of climate change

UAE likely to invest upto $25 billion in cash-strapped Pakistan: Report

Pakistan and the UAE have inked several agreements under which the Gulf nation is likely to invest between USD 20-25 billion in the cash-strapped nation, according to a media report. The signing ceremony took place on Monday in Abu Dhabi after caretaker Prime Minister Anwaarul Haq Kakar's meeting with the UAE President Sheikh Mohammed bin Zayed Al Nahyan, The Express Tribune newspaper reported. The Memorandums of Understanding (MoUs) cover investment cooperation across various sectors, including energy, port operations, wastewater treatment, food security, logistics, mining, aviation, and banking and financial services. The exact worth of the MoUs was not shared by the authorities but sources said the UAE was expected to invest between USD 20-25 billion in cash-strapped Pakistan under the agreements. Pakistan's economy has been reeling under pressure for the last few years, and the country is battling an acute balance of payments crisis and falling foreign exchange reserves. Kakar

Rs 2,500 cr crypto scam: Kingpin Subhash Sharma hiding in UAE, says SIT

The special investigation team (SIT) probing the Rs 2,500-crore cryptocurrency scam would approach the competent court on November 28 to seek a warrant for the extradition of fugitive kingpin Subhash Sharma from UAE, officials said on Saturday. The kingpin of the scam Subhash Sharma from Sarkaghat in Himachal Pradesh's Mandi district is still at large and as per our information, he is hiding in UAE. Efforts are underway to bring him back, Deputy Inspector General of Police (DIG) northern range, Abhishek Dhullar, who is heading the SIT, told PTI. The multi-crore cryptocurrency ponzi scam started in 2018. The investors smelled something fishy when they stopped getting returns during the Covid pandemic when most business activities came to a halt. Later when they asked the accused about their pending returns, they realised they had fallen into a trap and were threatened to keep shut, the police said. The fraudsters threatened the victims that they would lose all their invested money i

Bikanervala ties up with Montana group to expand in domestic, intl markets

Bikanervala on Friday said it has tied up with The Montana group from Punjab to further expand its footprint in domestic and international markets. This collaboration marks a milestone for further expansion and aims to reach out to a broader audience, the company said in a statement. It is a privilege to work with the iconic brand of India and the entire team will put best possible effort to make this brand a global leader in years to come, said Manoj Madhukar, CEO of The Montana Group. Bikanervala started its operations as a small sweet shop at Bikaner, in Rajasthan in 1905. Over the years, it has expanded its portfolio to include restaurants and snack businesses. Presently, Bikanervala is operating 175 sweet shop-cum-restaurant outlets in India as well as in international markets like the UAE, the US, Singapore, New Zealand, and Nepal, the company said. Suresh Kumar, CEO, Bikanervala, briefed the media about its current operation and further expansion plan both in domestic and .

COP28 boosts green financing; UAE holds 19% of global sustainable bonds

Al-Natoor noted that there have been no governmental Sukuk issuances within this framework to date

Mark Mobius joins hedge fund elite planning Dubai investing venture

The 87-year-old money manager said he's busier than ever as he looks to set up a new venture in Dubai

Dubai to replace DXB airport with bigger one as passenger count improves

Dubai is planning to replace the world's busiest airport, Dubai International (DBX), with a bigger airport as passenger traffic recovers to surpass pre-pandemic levels

Riyadh Air set for 100 Boeing Max jets order in Dubai to expand fleet

The carrier, launched by Saudi Arabia's Public Investment Fund, is considering placing a firm orders for 50 jets along with a similar number of options as early as Dubai Air Show that begins Monday

UAE leverages oil power to push secretive oil cos on emission cuts: Report

The effort, termed as the Global Decarbonisation Alliance, aims to make a significant impact at the COP28 negotiations starting on November 30 in Dubai

Lupin, Amman Pharma collaborates for exclusive marketing of Ranibizumab

Lupin Limited has partnered with pharmaceutical manufacturer Amman Pharmaceuticals Industries for exclusive marketing and commercialisation of Ranibizumab in the West Asian region