The ADSW Summit will take place on December 4 at the Connect Conference Centre in Expo City. Khushnum Bhandari / The National
The ADSW Summit will take place on December 4 at the Connect Conference Centre in Expo City. Khushnum Bhandari / The National
The ADSW Summit will take place on December 4 at the Connect Conference Centre in Expo City. Khushnum Bhandari / The National
The ADSW Summit will take place on December 4 at the Connect Conference Centre in Expo City. Khushnum Bhandari / The National

Abu Dhabi Sustainability Week to be held at Cop28


Aarti Nagraj
  • English
  • Arabic

Abu Dhabi Sustainability Week will hold a special edition at the Cop28 UN climate change conference, which will be hosted by the UAE from November 30 to December 12.

The one-day Abu Dhabi Sustainability Week Summit will take place on December 4 at the Connect Conference Centre in Expo City, Dubai, under the theme, United on Climate Action at Cop28.

The gathering, hosted on Cop28’s thematic finance day, will address issues such as investing for inclusion and climate finance, and identify ways to speed up sustainable development, event organiser Masdar said on Monday.

The event will play a “critical role in maintaining worldwide climate momentum” at Cop28, Masdar said.

“As the UAE looks ahead to hosting Cop28, it is vital that we use every opportunity at our disposal to fast-track a just and orderly energy transition and to keep 1.5ºC within reach,” said Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Cop28 President-designate and chairman of Masdar.

“Abu Dhabi Sustainability Week was set up by Masdar in 2008 and has grown into a leading global initiative that extends well beyond one week.

“The special edition at Cop28 provides an important platform for a wider community of key stakeholders to have their voices heard and to accelerate a just and inclusive transition to a net-zero future.”

Dr Sultan Al Jaber, chairman of Masdar and Cop28 President-designate said ADSW will support the focus on a just transition to net zero. Photo: Masdar
Dr Sultan Al Jaber, chairman of Masdar and Cop28 President-designate said ADSW will support the focus on a just transition to net zero. Photo: Masdar

Cop28 is the first summit to evaluate the progress made since the Paris Climate Agreement in 2015, which calls for action to limit temperature rises to 1.5°C on pre-industrial levels.

Pledges to keep the goal alive would be assessed every five years. This is known as a “global stocktake” and will take place for the first time at Cop28 in the UAE, with Denmark and South Africa invited to assist.

Throughout Cop28, Abu Dhabi Sustainability Week will host events in the blue and green zones.

In the green zone, the ADSW Partnership Hub will run a series of structured collaborative activities. Its virtual content platform, ADSW Live, will stream live interviews from the green zone.

Abu Dhabi Sustainability Week will also feature the WiSER initiative, which aims to boost the role of women and girls, while Youth 4 Sustainability, a Masdar initiative, will host the Y4S Forum on December 8.

  • Dr Sultan Al Jaber, Cop28 President-designate and Minister of Industry and Advanced Technology speaking in March at the Road to Cop28 launch event held at Al Wasl plaza at the Expo City in Dubai. Pawan Singh / The National
    Dr Sultan Al Jaber, Cop28 President-designate and Minister of Industry and Advanced Technology speaking in March at the Road to Cop28 launch event held at Al Wasl plaza at the Expo City in Dubai. Pawan Singh / The National
  • Dr Al Jaber said the UAE presidency had received more than 600 submissions on the two-week agenda in an “innovative and inclusive” consultation with delegates. Pawan Singh / The National
    Dr Al Jaber said the UAE presidency had received more than 600 submissions on the two-week agenda in an “innovative and inclusive” consultation with delegates. Pawan Singh / The National
  • A picture shows empty tourist facilities by the Habbaniyah lake affected by severe drought in Iraq's Anbar province, August 11. The sustainability of nature, land use, and oceans are integral to achieving all the Paris Agreement’s goals. AFP
    A picture shows empty tourist facilities by the Habbaniyah lake affected by severe drought in Iraq's Anbar province, August 11. The sustainability of nature, land use, and oceans are integral to achieving all the Paris Agreement’s goals. AFP
  • Climate change is creating severe pressure and risks for the food, agricultural and water systems that ensure human wellbeing. AFP
    Climate change is creating severe pressure and risks for the food, agricultural and water systems that ensure human wellbeing. AFP
  • In a first for Cop, a day will be dedicated to discussing health and its relationship between climate change. Dr Tedros Adhanom Ghebreyesus, the World Health Organisation's director general, thanked Dr Al Jaber during a recent meeting.
    In a first for Cop, a day will be dedicated to discussing health and its relationship between climate change. Dr Tedros Adhanom Ghebreyesus, the World Health Organisation's director general, thanked Dr Al Jaber during a recent meeting.
  • December 10 will focus on how to fix this, from scaling up 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. AFP
    December 10 will focus on how to fix this, from scaling up 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. AFP
  • Mariam Al Mheiri, Minister of Climate Change and Environment, Minister of State for Food Security in July launched Cop28's Food Systems and Agriculture Agenda. Ms Al Mheiri called on governments to demonstrate leadership by signing the first-ever Leaders Declaration on Food Systems, Agriculture and Climate Action during the Food Systems Summit in Rome.
    Mariam Al Mheiri, Minister of Climate Change and Environment, Minister of State for Food Security in July launched Cop28's Food Systems and Agriculture Agenda. Ms Al Mheiri called on governments to demonstrate leadership by signing the first-ever Leaders Declaration on Food Systems, Agriculture and Climate Action during the Food Systems Summit in Rome.

“We … look forward to welcoming key stakeholders in sustainability and clean energy as we look to drive positive change to tackle the world's most urgent and pressing challenges together,” said Mohamed Al Ramahi, chief executive of Masdar.

Masdar, which plays a key role in the UAE's clean energy agenda, is active in more than 40 countries and has invested in a portfolio of renewable energy projects with a combined capacity of around 20 gigawatts.

It aims to increase this to at least 100 gigawatts by 2030. The company is also targeting green hydrogen production of 1 million tonnes per annum by the same year.

Masdar has renewable energy projects under development in Europe, Africa, Central Asia and the Americas.

These include the Cirata floating solar plant in Indonesia, the largest in South-east Asia, and the Garadagh Solar PV Plant, Azerbaijan’s first foreign investment-based independent utility scale solar project.

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

'Laal Kaptaan'

Director: Navdeep Singh

Stars: Saif Ali Khan, Manav Vij, Deepak Dobriyal, Zoya Hussain

Rating: 2/5

The Voice of Hind Rajab

Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5

Walls

Louis Tomlinson

3 out of 5 stars

(Syco Music/Arista Records)

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

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.

Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal 

Rating: 2/5

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

'Worse than a prison sentence'

Marie Byrne, a counsellor who volunteers at the UAE government's mental health crisis helpline, said the ordeal the crew had been through would take time to overcome.

“It was worse than a prison sentence, where at least someone can deal with a set amount of time incarcerated," she said.

“They were living in perpetual mystery as to how their futures would pan out, and what that would be.

“Because of coronavirus, the world is very different now to the one they left, that will also have an impact.

“It will not fully register until they are on dry land. Some have not seen their young children grow up while others will have to rebuild relationships.

“It will be a challenge mentally, and to find other work to support their families as they have been out of circulation for so long. Hopefully they will get the care they need when they get home.”

Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

All or Nothing

Amazon Prime

Four stars

The%20specs
%3Cp%3E%3Cstrong%3EPowertrain%3A%20%3C%2Fstrong%3ESingle%20electric%20motor%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E201hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E310Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20auto%0D%3Cbr%3E%3Cstrong%3EBattery%3A%20%3C%2Fstrong%3E53kWh%20lithium-ion%20battery%20pack%20(GS%20base%20model)%3B%2070kWh%20battery%20pack%20(GF)%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3E350km%20(GS)%3B%20480km%20(GF)%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C900%20(GS)%3B%20Dh149%2C000%20(GF)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
The Abu Dhabi Awards explained:

What are the awards? They honour anyone who has made a contribution to life in Abu Dhabi.

Are they open to only Emiratis? The awards are open to anyone, regardless of age or nationality, living anywhere in the world.

When do nominations close? The process concludes on December 31.

How do I nominate someone? Through the website.

When is the ceremony? The awards event will take place early next year.

Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

THE BIO

Age: 30

Favourite book: The Power of Habit

Favourite quote: "The world is full of good people, if you cannot find one, be one"

Favourite exercise: The snatch

Favourite colour: Blue

Normal People

Sally Rooney, Faber & Faber
 

The specs: 2018 Ducati SuperSport S

Price, base / as tested: Dh74,900 / Dh85,900

Engine: 937cc

Transmission: Six-speed gearbox

Power: 110hp @ 9,000rpm

Torque: 93Nm @ 6,500rpm

Fuel economy, combined: 5.9L / 100km

Porsche Macan T: The Specs

Engine: 2.0-litre 4-cyl turbo 

Power: 265hp from 5,000-6,500rpm 

Torque: 400Nm from 1,800-4,500rpm 

Transmission: 7-speed dual-clutch auto 

Speed: 0-100kph in 6.2sec 

Top speed: 232kph 

Fuel consumption: 10.7L/100km 

On sale: May or June 

Price: From Dh259,900  

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

Updated: September 18, 2023, 12:54 PM