The eyes of the world will be focused on the UAE for two weeks later this year when it hosts the 28th session of the Conference of the Parties – more commonly known as Cop28.
Heads of state, government officials, leaders of global industrial sectors, private sector representatives and climate experts will be among those attending the global event at Expo City Dubai from November 30 to December 12.
The two-week event is expected to be attended by about 70,000 participants, all trying to agree on ways to halt global warming and adapt to a changing climate, and deciding who should foot the bill for the damage already caused.
The day-by-day schedule, which was revealed by organisers in Brussels, includes seven themed days after a meeting of world leaders.
The presidency said finance, inclusion, frontline communities, and technology and innovation would make up four “cross-cutting themes” for the discussions.
Dr Sultan Al Jaber, Cop28 President-designate and UAE Minister of Industry and Advanced Technology, said the UAE presidency received more than 600 submissions on the two-week agenda in an “innovative and inclusive” consultation with delegates.
Here, The National takes a look at the daily schedule for Cop28 at Expo City.
November 30: Opening ceremony
Cop28 opens with a ceremony at Expo City Dubai that will see Cop27 hosts Egypt transfer the summit's presidency to the UAE, appointing Dr Sultan Al Jaber as Cop28 President ahead of the start of the World Climate Action Summit.
The opening ceremony will be followed by meetings of parties to the Kyoto Protocol and the Paris Agreement, as well as meetings of subsidiary bodies.
December 1 and 2: World Climate Action Summit
Heads of state and world leaders gather to discuss concrete actions and plans aimed at climate action with leaders from civil society, business, youth, Indigenous Peoples’ organisations, frontline communities, science and other sectors.
This summit will be a platform for major announcements and typically provides momentum and guidance to the remainder of the Cop.
At Cop28, this will have added significance because it is the first “global stocktake” of progress in limiting climate change and the urgency of the situation faced will be presented. The Cop Presidency will seek accountability from the highest levels of global governance on a way forward.
December 3: Health / Relief, Recovery and Peace
In a first for Cop, a day will be dedicated to discussing health and its relationship with climate change.
The Cop will explore ways to provide relief to those affected by climate change and aim to build consensus on priority actions for the health system’s response to climate change, paired with financing.
From the quality of the air we breathe to the water we drink and the places that provide us with shelter, climate change is already affecting human health arounds the world.
It is also a major cause for the displacement of vulnerable communities, leading to increased fragility that can compromise peace.
The day's second theme – Relief, Recovery and Peace – will focus on accelerating adaptation, preventing and addressing loss and damage, including in fragile and conflict-affected areas that face severe barriers to accessing climate finance and strengthening climate action.
The two themes aim to boost policies and investments that protect lives and livelihoods and support community resilience and stability.
December 4: Finance / Trade / Gender Equality / Accountability
The first theme on the fifth day will address the transformational change needed for finance and trade systems if the world is to meet its climate goals.
Neither global financial systems that control and affect access and affordability of climate finance nor international trade networks are working effectively and equitably.
It is widely acknowledged that leaders of the global institutions and countries that govern these systems must accelerate and be accountable for an overhaul.
The Gender Equality Day theme will focus on gender-responsive policy making and better access to finance to achieve a just transition that advances gender equality and allows for the full, equal, and meaningful participation of women and girls in climate action.
The programme will also examine accountability mechanisms that help to turn promises and pledges into tangible results while boosting transparency.
December 5: Energy and Industry / Just Transition / Indigenous Peoples
The world needs to decarbonise rapidly while continuing to progress economically. It is critical that this development happens sustainably and inclusively to support lives and livelihoods while protecting the planet. This day will focus on how the world can accelerate the energy transition while ensuring it is a just transition.
The energy needed for day-to-day life must remain affordable but become cleaner and jobs must be retained but expand as green technologies emerge and provide increased and equitable access to opportunities.
The day will look at several proposed solutions, from using renewable energy at scale and how hydrogen can support this, to decarbonising the energy of today through carbon-capture technologies and rapidly reducing methane emissions from oil and gas.
It will also focus on heavy-emitting industries including steel, cement and aluminium.
Indigenous Peoples are stewards of 80 per cent of the world's biodiversity and this day will recognise the importance of their intergenerational knowledge, practices, and leadership in climate action.
The day will also strengthen their role in the just transition, reinforcing the urgency of a fully inclusive, all-of-society approach.
December 6: Multilevel Action, Urbanisation, and Built Environment / Transport
This day will provide a rare opportunity for mayors and governors, ministers and parliamentarians and global business and civil society leaders to work together to accelerate climate action solutions across society in every form.
This will include exploring how greener urban mobility systems can be designed to withstand and adapt to climate change while supporting the transition to low carbon built environments and infrastructure, and redesigning our systems of production and consumption to minimise waste.
In addition, this day will show how all of these solutions contribute to safer, healthier and greener cities for current and future generations.
December 7: Rest Day
Cops traditionally incorporate a day of rest in the middle of the programme for participants to reflect and recharge ahead of the second week.
December 8: Youth, Children, Education and Skills
The Cop28 presidency will welcome the largest group of young delegates yet assembled at the summit on this day, which seeks to empower children and and provide them with clear, defined, accessible opportunities to be a leading part of the solutions proposed at every level.
The day will look at equitable representation, stronger engagement mechanisms and resource allocation across the Cop themes and policy tracks.
Focuses will include investment in youth-led innovation and entrepreneurship, inclusion in policymaking processes, capacity-building, and transforming education to close the skills gap for green jobs aligned with climate action.
December 9: Nature, Land Use and Oceans
The sustainability of nature, land use, and oceans is integral to achieving the Paris Agreement’s goals.
The world’s climate and its biodiversity are inextricably interconnected, one cannot exist without the other. Mitigating both crises must therefore be integrated.
Cop15 to the Convention on Biological Diversity in December led to the signing of a historic biodiversity agreement to protect at least 30 per cent of the planet's land and water by 2030.
Cop28 will focus on delivering climate and nature co-benefits through a range of financing mechanisms and packages, co-designed with local and Indigenous Peoples, to sustainably manage and conserve natural carbon sinks and biodiversity hot spots.
The day will also seek to accelerate private sector commitments to nature-positive accountability frameworks.
December 10: Food, Agriculture and Water
Climate change is creating severe pressure and risks for the food, agricultural and water systems that ensure human wellbeing.
At the same time, these systems are also key contributors to climate change – one third of all human-made greenhouse gas emissions derive from agri-food systems, and 70 per cent of fresh water consumed worldwide is used for agricultural production.
This day will focus on how to fix this, from increasing regenerative agriculture and water-food systems that support habitat restoration and conservation and increase food security, to implementing stronger, fairer integrated governance between states and corporations, farmers and producers.
December 11 and 12: Final Negotiations
The last two scheduled days of the summit have been left clear for final negotiations, which have been known to overrun in the past.
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Five famous companies founded by teens
There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:
- Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate.
- Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc.
- Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway.
- Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
- Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
Company%20Profile
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Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
Company profile
Company name: Dharma
Date started: 2018
Founders: Charaf El Mansouri, Nisma Benani, Leah Howe
Based: Abu Dhabi
Sector: TravelTech
Funding stage: Pre-series A
Investors: Convivialite Ventures, BY Partners, Shorooq Partners, L& Ventures, Flat6Labs
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
COMPANY%20PROFILE
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Schedule:
Sept 15: Bangladesh v Sri Lanka (Dubai)
Sept 16: Pakistan v Qualifier (Dubai)
Sept 17: Sri Lanka v Afghanistan (Abu Dhabi)
Sept 18: India v Qualifier (Dubai)
Sept 19: India v Pakistan (Dubai)
Sept 20: Bangladesh v Afghanistan (Abu Dhabi) Super Four
Sept 21: Group A Winner v Group B Runner-up (Dubai)
Sept 21: Group B Winner v Group A Runner-up (Abu Dhabi)
Sept 23: Group A Winner v Group A Runner-up (Dubai)
Sept 23: Group B Winner v Group B Runner-up (Abu Dhabi)
Sept 25: Group A Winner v Group B Winner (Dubai)
Sept 26: Group A Runner-up v Group B Runner-up (Abu Dhabi)
Sept 28: Final (Dubai)
Company Profile
Name: JustClean
Based: Kuwait with offices in other GCC countries
Launch year: 2016
Number of employees: 130
Sector: online laundry service
Funding: $12.9m from Kuwait-based Faith Capital Holding
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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Biog
Mr Kandhari is legally authorised to conduct marriages in the gurdwara
He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada
Father of two sons, grandfather of six
Plays golf once a week
Enjoys trying new holiday destinations with his wife and family
Walks for an hour every morning
Completed a Bachelor of Commerce degree in Loyola College, Chennai, India
2019 is a milestone because he completes 50 years in business
The specs
Engine: 4-litre twin-turbo V8
Transmission: nine-speed
Power: 542bhp
Torque: 700Nm
Price: Dh848,000
On sale: now
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Muslim Council of Elders condemns terrorism on religious sites
The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.
It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.
“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.
The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.
Other acts on the Jazz Garden bill
Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.
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Killing of Qassem Suleimani
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Scores
Rajasthan Royals 160-8 (20 ov)
Kolkata Knight Riders 163-3 (18.5 ov)
The candidates
Dr Ayham Ammora, scientist and business executive
Ali Azeem, business leader
Tony Booth, professor of education
Lord Browne, former BP chief executive
Dr Mohamed El-Erian, economist
Professor Wyn Evans, astrophysicist
Dr Mark Mann, scientist
Gina MIller, anti-Brexit campaigner
Lord Smith, former Cabinet minister
Sandi Toksvig, broadcaster
The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
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Liverpool's all-time goalscorers
Ian Rush 346
Roger Hunt 285
Mohamed Salah 250
Gordon Hodgson 241
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Zayed Sustainability Prize
The Birkin bag is made by Hermès.
It is named after actress and singer Jane Birkin
Noone from Hermès will go on record to say how much a new Birkin costs, how long one would have to wait to get one, and how many bags are actually made each year.
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
Mohammed bin Zayed Majlis
MATCH INFO
Serie A
Juventus v Fiorentina, Saturday, 8pm (UAE)
Match is on BeIN Sports
The team
Videographer: Jear Velasquez
Photography: Romeo Perez
Fashion director: Sarah Maisey
Make-up: Gulum Erzincan at Art Factory
Models: Meti and Clinton at MMG
Video assistant: Zanong Maget
Social media: Fatima Al Mahmoud
The biog
Favourite film: Motorcycle Dairies, Monsieur Hulot’s Holiday, Kagemusha
Favourite book: One Hundred Years of Solitude
Holiday destination: Sri Lanka
First car: VW Golf
Proudest achievement: Building Robotics Labs at Khalifa University and King’s College London, Daughters
Driverless cars or drones: Driverless Cars
The five pillars of Islam