The Cop28 summit must galvanise countries to act against climate change, the head of the UAE's delivery committee has said.
Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, convened the committee to discuss preparations for the summit that will take place from November 30 to December 12.
As host country, the UAE is determined to guide an “innovative multilateral process, foster global consensus and deliver groundbreaking outcomes, solutions and partnerships”, a report by state news agency Wam said.
We understand the urgent need to undertake ambitious mitigation action to reach the 1.5°C [above pre-industrial levels] trajectory
Sheikh Abdullah bin Zayed,
Minister of Foreign Affairs and International Co-operation
Sheikh Abdullah referred to climate change as the “defining challenge” of this era.
“As a country at the heart of climate impacts and undergoing a major energy transition, we understand the urgent need to undertake ambitious mitigation action to reach the 1.5°C [above pre-industrial levels] trajectory,” he said.
“We also recognise the imperative to support a growing number of communities undermined by drought, heat, floods, storms and other climate-induced disasters and shocks.
“At the same time, we believe that investment in a low-carbon future can lead to sustainable economic growth and employment generation required for a just transition.”
Sheikh Abdullah said Cop28 should unleash “transformative progress for a climate-safe world”.
“The UAE’s Cop28 agenda is ambitious but grounded in pragmatism and accountability,” he said.
“We will drive the shift from pledges to concrete action, and work collectively with all stakeholders who want to play a constructive role in co-creating solutions across mitigation, adaptation, loss and damage and climate finance.”
He repeated the need to ensure an inclusive approach across all logistical preparations, including a seamless experience for all delegates and visitors, relying on the UAE’s position as a global centre connecting more than 140 cities around the world.
The Cop28 delivery team represents more than 30 nationalities, with members from different age groups, genders and professional backgrounds, including intergovernmental organisations, NGOs, former Cop presidencies, as well as the private and public sectors.
“This blend of skills and experiences will help to ensure an inclusive and impactful conference,” he said.
The UAE is well placed to support negotiations over fundamental areas of focus such as energy, agriculture, investment, and sustainable transport, he said.
Dr Sultan Al Jaber, Cop28 President-designate and Vice Chairman of the higher committee, said Cop28 would be inclusive and accessible to all.
“In the year ahead, our presidency is committed to running an open, transparent and inclusive process to build on and accelerate the progress made before us,” he said.
“We will seek diverse views to make Cop28 a success. As an important part of the consultative process, we will begin by listening to all stakeholders — governments, civil society, businesses and youth, among others. This will help us chart a path forward to Cop28 and beyond that has stakeholder buy-in.”
Results:
CSIL 2-star 145cm One Round with Jump-Off
1. Alice Debany Clero (USA) on Amareusa S 38.83 seconds
2. Anikka Sande (NOR) For Cash 2 39.09
3. Georgia Tame (GBR) Cash Up 39.42
4. Nadia Taryam (UAE) Askaria 3 39.63
5. Miriam Schneider (GER) Fidelius G 47.74
KLOPP%20AT%20LIVERPOOL
%3Cp%3EYears%3A%20October%202015%20-%20June%202024%3Cbr%3ETotal%20games%3A%20491%3Cbr%3EWin%20percentage%3A%2060.9%25%3Cbr%3EMajor%20trophies%3A%206%20(Premier%20League%20x%201%2C%20Champions%20League%20x%201%2C%20FA%20Cup%20x%201%2C%20League%20Cup%20x%202%2C%20Fifa%20Club%20World%20Cup%20x1)%3C%2Fp%3E%0A
The Settlers
Director: Louis Theroux
Starring: Daniella Weiss, Ari Abramowitz
Rating: 5/5
Company Profile:
Name: The Protein Bakeshop
Date of start: 2013
Founders: Rashi Chowdhary and Saad Umerani
Based: Dubai
Size, number of employees: 12
Funding/investors: $400,000 (2018)
UAE currency: the story behind the money in your pockets
How will Gen Alpha invest?
Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.
“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.
Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.
He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.
Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”
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BUNDESLIGA FIXTURES
Saturday
Borussia Dortmund v Eintracht Frankfurt (5.30pm kick-off UAE)
Bayer Leverkusen v Schalke (5.30pm)
Wolfsburg v Cologne (5.30pm)
Mainz v Arminia Bielefeld (5.30pm)
Augsburg v Hoffenheim (5.30pm)
RB Leipzig v Bayern Munich (8.30pm)
Borussia Monchengladbach v Freiburg (10.30pm)
Sunday
VfB Stuttgart v Werder Bremen (5.30pm)
Union Berlin v Hertha Berlin (8pm)
Top Hundred overseas picks
London Spirit: Kieron Pollard, Riley Meredith
Welsh Fire: Adam Zampa, David Miller, Naseem Shah
Manchester Originals: Andre Russell, Wanindu Hasaranga, Sean Abbott
Northern Superchargers: Dwayne Bravo, Wahab Riaz
Oval Invincibles: Sunil Narine, Rilee Rossouw
Trent Rockets: Colin Munro
Birmingham Phoenix: Matthew Wade, Kane Richardson
Southern Brave: Quinton de Kock
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Results
6.30pm: Baniyas (PA) Group 2 Dh195,000 1,400m | Winner: ES Ajeeb, Sam Hitchcock (jockey), Ibrahim Aseel (trainer)
7.05pm: Maiden (TB) Dh165,000 1,400m | Winner: Al Shamkhah, Royston Ffrench, Sandeep Jadhav
7.40pm: Handicap (TB) Dh190,000 1,200m | Winner: Lavaspin, Richard Mullen, Satish Seemar
8.15pm: Maiden (TB) Dh165,000 1,200m | Winner: Kawasir, Dane O’Neill, Musabah Al Muhairi
8.50pm: Rated Conditions (TB) Dh240,000 1,600m | Winner: Cosmo Charlie, Pat Dobbs, Doug Watson
9.20pm: Handicap (TB) Dh165,000 1,400m | Winner: Bochart, Richard Mullen, Satish Seemar
10pm: Handicap (TB) Dh175,000 2,000m | Winner: Quartier Francais, Fernando Jara, Ali Rashid Al Raihe
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Men's wheelchair 800m T34: 1. Walid Ktila (TUN) 1.44.79; 2. Mohammed Al Hammadi (UAE) 1.45.88; 3. Isaac Towers (GBR) 1.46.46.
RESULTS
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Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
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Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
UAE currency: the story behind the money in your pockets
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The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
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Global state-owned investor ranking by size
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United States
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China
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UAE
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4.
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Japan
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5
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Norway
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6.
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Canada
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7.
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Singapore
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8.
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Australia
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Saudi Arabia
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South Korea
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