President Abdel Fattah El Sisi said if Egypt were to host Cop27 next year it would be 'a radical turning point in international climate efforts'. AP
President Abdel Fattah El Sisi said if Egypt were to host Cop27 next year it would be 'a radical turning point in international climate efforts'. AP
President Abdel Fattah El Sisi said if Egypt were to host Cop27 next year it would be 'a radical turning point in international climate efforts'. AP
President Abdel Fattah El Sisi said if Egypt were to host Cop27 next year it would be 'a radical turning point in international climate efforts'. AP

El Sisi says Egypt is interested in hosting Cop27 next year


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  • Arabic

Egypt's President Abdel Fattah El Sisi declared his country's interest in hosting the UN's Cop27 summit next year.

The offer for the climate change conference was made on behalf of the African continent, Mr El Sisi said.

It would be "a radical turning point in international climate efforts in co-ordination with all parties, for the benefit of Africa and the entire world", Reuters quoted him as saying on Monday.

US climate envoy John Kerry had earlier welcomed the UAE’s offer to host the Cop28 in 2023.

"I personally can see strong arguments for the UAE’s candidacy," he said. "You know it’s not my decision alone or ours alone, at all, but the UAE is obviously a very strong contender for that."

Mr Kerry visited Abu Dhabi in June for talks that focused on using climate change action to drive regional and global growth.

This year's conference, Cop26, will be hosted by the UK in Glasgow in November.

In an interview with The National on Monday, Alok Sharma, the president of Cop26, said climate change was “the biggest security risk for the world”, but it had the potential to bring peace to warring countries.

“This is an opportunity for countries to reimagine their economies,” Mr Sharma said.

  • A cyclist passes by as construction workers prepare the site of the Cop26 summit in Glasgow, Scotland. November will see the UK host world leaders at the 26th UN Climate Summit. Getty Images
    A cyclist passes by as construction workers prepare the site of the Cop26 summit in Glasgow, Scotland. November will see the UK host world leaders at the 26th UN Climate Summit. Getty Images
  • Police Scotland officers take part in a role-play exercise involving an armed policing response stopping a suspect in a vehicle during Cop26 public order training in East Kilbride. PA
    Police Scotland officers take part in a role-play exercise involving an armed policing response stopping a suspect in a vehicle during Cop26 public order training in East Kilbride. PA
  • Construction workers at the site of the Cop26 climate summit in Glasgow. Queen Elizabeth II, Pope Francis and US President Joe Biden are among the high-profile people expected to attend. Getty Images
    Construction workers at the site of the Cop26 climate summit in Glasgow. Queen Elizabeth II, Pope Francis and US President Joe Biden are among the high-profile people expected to attend. Getty Images
  • Scottish police officers take part in a role-play exercise recreating a protest in Glasgow. The police numbers involved at Cop26 will eclipse those seen at previous high-profile events in Scotland. Reuters
    Scottish police officers take part in a role-play exercise recreating a protest in Glasgow. The police numbers involved at Cop26 will eclipse those seen at previous high-profile events in Scotland. Reuters
  • World leaders will gather to discuss steps to achieve a zero-carbon future by 2050. Getty Images
    World leaders will gather to discuss steps to achieve a zero-carbon future by 2050. Getty Images
  • The force is understood to have about 500 armed officers but will be assisted by a 'significant' number of armed police from elsewhere in the UK for the summit. PA
    The force is understood to have about 500 armed officers but will be assisted by a 'significant' number of armed police from elsewhere in the UK for the summit. PA
  • Construction workers at the SEC Armadillo building, one of the summit venues. Getty Images
    Construction workers at the SEC Armadillo building, one of the summit venues. Getty Images
  • Scottish police officers take part in role-play exercise, recreating a protest during Cop26 public order training. Reuters
    Scottish police officers take part in role-play exercise, recreating a protest during Cop26 public order training. Reuters

Company Profile

Company name: NutriCal

Started: 2019

Founder: Soniya Ashar

Based: Dubai

Industry: Food Technology

Initial investment: Self-funded undisclosed amount

Future plan: Looking to raise fresh capital and expand in Saudi Arabia

Total Clients: Over 50

COMPANY%20PROFILE%20
%3Cp%3EName%3A%20DarDoc%3Cbr%3EBased%3A%20Abu%20Dhabi%3Cbr%3EFounders%3A%20Samer%20Masri%2C%20Keswin%20Suresh%3Cbr%3ESector%3A%20HealthTech%3Cbr%3ETotal%20funding%3A%20%24800%2C000%3Cbr%3EInvestors%3A%20Flat6Labs%2C%20angel%20investors%20%2B%20Incubated%20by%20Hub71%2C%20Abu%20Dhabi's%20Department%20of%20Health%3Cbr%3ENumber%20of%20employees%3A%2010%3C%2Fp%3E%0A
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EQureos%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%0D%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%20%3C%2Fstrong%3E2021%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E33%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ESoftware%20and%20technology%0D%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%243%20million%0D%3Cbr%3E%3C%2Fp%3E%0A
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.

5 of the most-popular Airbnb locations in Dubai

Bobby Grudziecki, chief operating officer of Frank Porter, identifies the five most popular areas in Dubai for those looking to make the most out of their properties and the rates owners can secure:

• Dubai Marina

The Marina and Jumeirah Beach Residence are popular locations, says Mr Grudziecki, due to their closeness to the beach, restaurants and hotels.

Frank Porter’s average Airbnb rent:
One bedroom: Dh482 to Dh739 
Two bedroom: Dh627 to Dh960 
Three bedroom: Dh721 to Dh1,104

• Downtown

Within walking distance of the Dubai Mall, Burj Khalifa and the famous fountains, this location combines business and leisure.  “Sure it’s for tourists,” says Mr Grudziecki. “Though Downtown [still caters to business people] because it’s close to Dubai International Financial Centre."

Frank Porter’s average Airbnb rent:
One bedroom: Dh497 to Dh772
Two bedroom: Dh646 to Dh1,003
Three bedroom: Dh743 to Dh1,154

• City Walk

The rising star of the Dubai property market, this area is lined with pristine sidewalks, boutiques and cafes and close to the new entertainment venue Coca Cola Arena.  “Downtown and Marina are pretty much the same prices,” Mr Grudziecki says, “but City Walk is higher.”

Frank Porter’s average Airbnb rent:
One bedroom: Dh524 to Dh809 
Two bedroom: Dh682 to Dh1,052 
Three bedroom: Dh784 to Dh1,210 

• Jumeirah Lake Towers

Dubai Marina’s little brother JLT resides on the other side of Sheikh Zayed road but is still close enough to beachside outlets and attractions. The big selling point for Airbnb renters, however, is that “it’s cheaper than Dubai Marina”, Mr Grudziecki says.

Frank Porter’s average Airbnb rent:
One bedroom: Dh422 to Dh629 
Two bedroom: Dh549 to Dh818 
Three bedroom: Dh631 to Dh941

• Palm Jumeirah

Palm Jumeirah's proximity to luxury resorts is attractive, especially for big families, says Mr Grudziecki, as Airbnb renters can secure competitive rates on one of the world’s most famous tourist destinations.

Frank Porter’s average Airbnb rent:
One bedroom: Dh503 to Dh770 
Two bedroom: Dh654 to Dh1,002 
Three bedroom: Dh752 to Dh1,152 

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Stamp%20duty%20timeline
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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
French business

France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.

Cricket World Cup League 2 Fixtures

Saturday March 5, UAE v Oman, ICC Academy (all matches start at 9.30am)

Sunday March 6, Oman v Namibia, ICC Academy

Tuesday March 8, UAE v Namibia, ICC Academy

Wednesday March 9, UAE v Oman, ICC Academy

Friday March 11, Oman v Namibia, Sharjah Cricket Stadium

Saturday March 12, UAE v Namibia, Sharjah Cricket Stadium

UAE squad

Ahmed Raza (captain), Chirag Suri, Muhammad Waseem, CP Rizwan, Vriitya Aravind, Asif Khan, Basil Hameed, Rohan Mustafa, Kashif Daud, Zahoor Khan, Junaid Siddique, Karthik Meiyappan, Akif Raja, Rahul Bhatia

Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
  • Stay invested: Time in the market, not timing the market, is critical to long-term gains.
  • Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
  • Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
 
 
THE BIO

Occupation: Specialised chief medical laboratory technologist

Age: 78

Favourite destination: Always Al Ain “Dar Al Zain”

Hobbies: his work  - “ the thing which I am most passionate for and which occupied all my time in the morning and evening from 1963 to 2019”

Other hobbies: football

Favorite football club: Al Ain Sports Club

 

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

The specs: 2018 Maxus T60

Price, base / as tested: Dh48,000

Engine: 2.4-litre four-cylinder

Power: 136hp @ 1,600rpm

Torque: 360Nm @ 1,600 rpm

Transmission: Five-speed manual

Fuel consumption, combined: 9.1L / 100km

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Updated: September 21, 2021, 11:06 AM