Live updates: Follow the latest news on Cop28
UN climate summits can be complex affairs, but there are often standout moments that cut through the days and nights of fraught negotiations.
Cop21 in 2015, for example, led to the Paris agreement, but previously, Cop15 in Copenhagen in 2009 was a tense affair and did not end in consensus.
So what are the key things to look out for at Cop28?
The global stocktake
Expect to hear a lot about this over the next few days. The “global stocktake” is essentially the first assessment of how the world is doing under the Paris Agreement.
The 2015 deal saw leaders agree to “pursue efforts” to try to limit global temperatures from rising 1.5ºC on pre-industrial levels.
The world is way off track from this goal and heading for warming of 3ºC, which would mean billions of people could be affected by extreme heat and humidity. Countries are expected to respond to this at Cop28 and chart a way to get back on track.
Loss and damage
The contentious loss and damage fund was created at Cop27 in Sharm El Sheikh last year but key questions were left to be agreed on in Dubai. Difficult talks about who pays into it, which countries receive money and where the fund should be hosted continued all year with a framework deal only secured during an extra round of talks held in Abu Dhabi this month.
Still, this was viewed as a success and now leaders will try to bring the fund into formal operation during Cop28. Loss and damage is a broad term but is considered to be financial assistance for vulnerable countries hit by the worst effects of climate change.
The key element is money – billions of dollars are said to be needed – so expect considerable wrangling about this during the summit.
King Charles
Cop28 organisers are expecting more than 70,000 people, from activists to billionaires, but some will attract more attention than others.
Pope Francis was originally meant to attend before cancelling on Tuesday night but the UK’s King Charles III will be there.
King Charles, an outspoken proponent of the environment for years, did not appear at Cop27 but this year he is expected to make an impassioned call to action.
US President Joe Biden and Chinese leader Xi Jinping will miss the summit but their envoys, John Kerry and Xie Zhenhua, will be there. UN chief Antonio Guterres will also attend, as well as President Brazil’s Luiz Inacio Lula da Silva, UK Prime Minister Rishi Sunak and UN climate chief Simon Stiell.
We can also expect to see billionaire Bill Gates, Ugandan activist Vanessa Nakate and scores of others from royalty to youth activists.
Impact on health and food
Cop28 will have days dedicated to different themes including the first in-depth look at the impact of the climate crisis on health.
Rising temperatures mean more heatwaves, and harsher summers, especially in the Gulf, that are pushing the limits of human endurance along with pressure on water supplies, more demand for cooling and increases in diseases such as dengue fever.
The summit will also take a look at the impact on the world’s food systems.
Kaveh Zahedi, director of the office of climate change, biodiversity and environment at the Food and Agriculture Organisation, told The National in August that food was an “existential issue”. The food sector is believed to be responsible for about 30 per cent of greenhouse gas emissions yet production is also affected by warming temperatures.
Mr Zahedi said he wanted to see solutions rather than problems at Cop28. The FAO is expected to set out solutions during the summit while leaders will be asked to sign up to the “Emirates Declaration” that will seek to encourage countries to link agricultural policies to emissions.
Fossil fuels: phase out or phase down?
How the world will end its use of fossil fuels, the main contributor to climate change, is expected to dominate the talks. Some parties prefer a complete “phase out” of fossil fuels, others want a “phase down”, while some want the term “unabated” added in, meaning they could be used with carbon capture and storage methods.
Dr Sultan Al Jaber, Cop28 President-designate, has said a phase down of fossil fuels is “inevitable and essential”.
At Cop26 in Glasgow, parties agreed to phase down coal but fossil fuels were not addressed at Cop27 last year – so what might be agreed to at Cop28 is far from certain.
Other key areas to watch
Cop28 is being staged at Expo City Dubai and will feature a comprehensive public programme featuring talks, film screenings and even musicals. What is also expected is a significant amount of initiatives to be announced or scaled up by the Cop28 presidency during the summit separate to the negotiated talks.
One is Dr Al Jaber’s “decarbonisation alliance”, which seeks to rally oil companies to reduce their emissions, while another will see the UAE try to ramp up efforts to cut down on methane.
Another is expected to be the “Emirates Declaration” on food, expected to be unveiled on December 1. But expect to see a lot more.
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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Gulf Under 19s final
Dubai College A 50-12 Dubai College B
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Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
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More on Quran memorisation:
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Libya's Gold
UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves.
The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.
Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.
A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.
Winners
Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)
Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)
Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)
Best Young Women’s Player
Vicky López (Barcelona / Spain)
Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)
Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)
Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)
Women’s Coach of the Year
Sarina Wiegman (England)
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
Profile box
Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
Juliot Vinolia’s checklist for adopting alternate-day fasting
- Don’t do it more than once in three days
- Don’t go under 700 calories on fasting days
- Ensure there is sufficient water intake, as the body can go in dehydration mode
- Ensure there is enough roughage (fibre) in the food on fasting days as well
- Do not binge on processed or fatty foods on non-fasting days
- Complement fasting with plant-based foods, fruits, vegetables, seafood. Cut out processed meats and processed carbohydrates
- Manage your sleep
- People with existing gastric or mental health issues should avoid fasting
- Do not fast for prolonged periods without supervision by a qualified expert
Company Fact Box
Company name/date started: Abwaab Technologies / September 2019
Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO
Based: Amman, Jordan
Sector: Education Technology
Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed
Stage: early-stage startup
Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.
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The five pillars of Islam
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