A scavenger collects used plastic at a landfill in Denpasar, on Indonesia's resort island of Bali. The modern economy has been built on a linear model: taking resources, using them up and throwing them away. AFP
A scavenger collects used plastic at a landfill in Denpasar, on Indonesia's resort island of Bali. The modern economy has been built on a linear model: taking resources, using them up and throwing them away. AFP
A scavenger collects used plastic at a landfill in Denpasar, on Indonesia's resort island of Bali. The modern economy has been built on a linear model: taking resources, using them up and throwing them away. AFP
A scavenger collects used plastic at a landfill in Denpasar, on Indonesia's resort island of Bali. The modern economy has been built on a linear model: taking resources, using them up and throwing the


Rebuilding a circular economy should come naturally



June 18, 2023

The transition towards a circular economy begins with our commitment to the planet, to people and to ourselves. It involves a recognition of our responsibility to care for the environment around us – for the betterment of our lives and those of generations ahead.

Today, we are facing a triple planetary crisis: climate change, biodiversity loss and pollution. Each of these crises has its own causes, symptoms and solutions, but figuring out how the world can tackle all three at the same time, with the urgency that is required, is an intimidating thought.

And when we speak broadly of the economy, industry and infrastructure, or hear technical terms like “ESG” or “carbon capture”, it can be easy to disconnect from the urgency of the problems being discussed.

There is no single solution to the climate change puzzle; we must all collaborate to find the macro and micro-solutions that fit together to unlock progress.

Some of the most effective solutions are also some of the most inherent and natural to our planet and to us as humans. The modern economy has been built on a linear model: taking resources, using them up and throwing them away. Now, we need to rebuild a ‘circular economy’ inspired by the life-giving resources and regenerative abundance of our Earth. This means finding new ways to reduce our use of natural materials, extend the lifecycle of the products we create, and recycle and reuse materials in perpetuity.

A fire burns out of control in Maranhao state, north-eastern Brazil. The fire is thought to have been started deliberately to clear a logged area of secondary forest for agriculture or cattle farming. The realities of climate change, pollution and biodiversity loss are formidable, and often feel insurmountable. Charlie Hamilton James / Wildlife Photographer of the Year 2020
A fire burns out of control in Maranhao state, north-eastern Brazil. The fire is thought to have been started deliberately to clear a logged area of secondary forest for agriculture or cattle farming. The realities of climate change, pollution and biodiversity loss are formidable, and often feel insurmountable. Charlie Hamilton James / Wildlife Photographer of the Year 2020

The realities of climate change, pollution and biodiversity loss are formidable, and often feel insurmountable. But it inspires me to think of the work being done not as a complete transformation, but rather, a process of getting us back on track to living in sustainable harmony with our planet.

We need to create circular societies – including in areas like education, resources and mobility. These solutions should be designed to sustain the progress we make and have purpose at every phase of action.

Currently, we face great disparity between the value of circular trade and the opportunities of the global North and global South – in terms of representation, financial gains and economic development. Equality is more than simply a goal of sustainability – it is a key that will unlock great progress.

Climate change is a borderless challenge, and one that can only be faced through the power of the collective.

We must progress together. We must not get lost in the complexity of this space, and we must remain steadfast on the ethics and true intentions in circular trade. Our focus must remain on making the best use of what we have and empowering the next generation to do better.

The youth of our world, no matter where, have creativity, ambition and determination in abundance. I have had the privilege of witnessing these qualities first-hand through our work at the UAE Independent Climate Change Accelerators. We recognise the importance of creating the conditions that empower young innovators to realise their ideas and speed up practical climate solutions.

The young innovators that I speak to in the UAE and around the world are driven by an innate and powerful commitment to environmental protection

For example, take Zach Faizal, the 23-year-old chief executive of Peec Mobility, one of the start-ups participating in UICCA’s accelerator programme. Mr Faizal and his team are working to advance the petrol-to-electric transition by extending the life cycle of retired petrol vehicles with electric engines.

UICCA works hand in hand with our ambitious start-ups to equip them with exactly the tools, support and environment they need to thrive and bring their ideas to market successfully.

For Peec, we recently hosted our first Policy Hack, convening representatives from public sector entities like the Ministry of Climate Change and Environment and the Ministry of Economy. Also involved was the transport sector, including Abu Dhabi Department of Municipalities and Transport and National Taxi Dubai, as well as private sector entities such as Careem, Howden Insurance and Lloyds Bank.

The event created a productive dialogue between key players on how the UAE can lead the way in repurposing petrol vehicles as an effective and sustainable alternative to producing brand-new electric vehicles, and how we can collaborate to help Peec get their first vehicles safely and legally on the road.

Another shining example of a youth-led organisation that is committed to driving this agenda forward is Rebound Exchange, which is creating a digital trading platform for bulk recycled plastics in 140 countries.

Its founder and chief executive is an impressive young Emirati named Maryam Al Mansoori, with whom I recently enjoyed a conversation. Our discussions centred on the challenges faced in helping a successful transition to a circular economy, and the role the recycling industry places in unlocking the opportunity around trading waste.

“Moving from a linear to circular economy means that business leaders need to be brave. To be brave enough to do things differently and have an appetite to try,” Maryam told me. “Instead of simply ‘taking action,’ these companies need to see that environmental impact is as valuable as profitability.”

There is immense wisdom in these words, and they demonstrate the unique perspectives and skill sets our young people can bring to the table.

In turn, it is our responsibility to nurture these future leaders, create opportunities for them to grow their ideas and, wherever we can, open the path for them to succeed.

The young innovators that I speak to in the UAE and around the world are driven by an innate and powerful commitment to environmental protection. They are fearless in their determination to solve this problem, and it is imperative that all of us stand shoulder to shoulder with them.

The great tennis player and activist Arthur Ashe said: “Start where you are, use what you have, do what you can” – simple, but powerful words.

So, let us start where we are, and accept the challenge of creating real, measurable and tangible change to preserve our planet and re-make the global economy in a more sustainable way.

Company Profile
Company name: OneOrder

Started: October 2021

Founders: Tamer Amer and Karim Maurice

Based: Cairo, Egypt

Industry: technology, logistics

Investors: A15 and self-funded 

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Company%20Profile
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The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

if you go
Other ways to buy used products in the UAE

UAE insurance firm Al Wathba National Insurance Company (AWNIC) last year launched an e-commerce website with a facility enabling users to buy car wrecks.

Bidders and potential buyers register on the online salvage car auction portal to view vehicles, review condition reports, or arrange physical surveys, and then start bidding for motors they plan to restore or harvest for parts.

Physical salvage car auctions are a common method for insurers around the world to move on heavily damaged vehicles, but AWNIC is one of the few UAE insurers to offer such services online.

For cars and less sizeable items such as bicycles and furniture, Dubizzle is arguably the best-known marketplace for pre-loved.

Founded in 2005, in recent years it has been joined by a plethora of Facebook community pages for shifting used goods, including Abu Dhabi Marketplace, Flea Market UAE and Arabian Ranches Souq Market while sites such as The Luxury Closet and Riot deal largely in second-hand fashion.

At the high-end of the pre-used spectrum, resellers such as Timepiece360.ae, WatchBox Middle East and Watches Market Dubai deal in authenticated second-hand luxury timepieces from brands such as Rolex, Hublot and Tag Heuer, with a warranty.

2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

If you go

The flights
Emirates (www.emirates.com) and Etihad (www.etihad.com) both fly direct to Bengaluru, with return fares from Dh 1240. From Bengaluru airport, Coorg is a five-hour drive by car.

The hotels
The Tamara (www.thetamara.com) is located inside a working coffee plantation and offers individual villas with sprawling views of the hills (tariff from Dh1,300, including taxes and breakfast).

When to go
Coorg is an all-year destination, with the peak season for travel extending from the cooler months between October and March.

Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

• Bloomberg

UAE currency: the story behind the money in your pockets
England v West Indies

England squad for the first Test Cook, Stoneman, Westley, Root (captain), Malan, Stokes, Bairstow, Moeen, Roland-Jones, Broad, Anderson, Woakes, Crane

Fixtures

1st Test Aug 17-21, Edgbaston

2nd Test Aug 25-29, Headingley

3rd Test Sep 7-11, Lord's

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Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

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

Company%C2%A0profile
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Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
MATCH INFO

Uefa Champions League semi-finals, second leg:

Liverpool (0) v Barcelona (3), Tuesday, 11pm UAE

Game is on BeIN Sports

The specs: 2018 Renault Koleos

Price, base: From Dh77,900
Engine: 2.5L, in-line four-cylinder
Transmission: Continuously variable transmission
Power: 170hp @ 6,000rpm
Torque: 233Nm @ 4,000rpm
Fuel economy, combined: 8.3L / 100km

Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

A Long Way Home by Peter Carey
Faber & Faber

Company profile

Name: Steppi

Founders: Joe Franklin and Milos Savic

Launched: February 2020

Size: 10,000 users by the end of July and a goal of 200,000 users by the end of the year

Employees: Five

Based: Jumeirah Lakes Towers, Dubai

Financing stage: Two seed rounds – the first sourced from angel investors and the founders' personal savings

Second round raised Dh720,000 from silent investors in June this year

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

What are the influencer academy modules?
  1. Mastery of audio-visual content creation. 
  2. Cinematography, shots and movement.
  3. All aspects of post-production.
  4. Emerging technologies and VFX with AI and CGI.
  5. Understanding of marketing objectives and audience engagement.
  6. Tourism industry knowledge.
  7. Professional ethics.
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The biog

Name: Samar Frost

Born: Abu Dhabi

Hobbies: Singing, music and socialising with friends

Favourite singer: Adele

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

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.

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

War and the virus
Liverpool's all-time goalscorers

Ian Rush 346
Roger Hunt 285
Mohamed Salah 250
Gordon Hodgson 241
Billy Liddell 228

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Poacher
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Dr Afridi's warning signs of digital addiction

Spending an excessive amount of time on the phone.

Neglecting personal, social, or academic responsibilities.

Losing interest in other activities or hobbies that were once enjoyed.

Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.

Experiencing sleep disturbances or changes in sleep patterns.

What are the guidelines?

Under 18 months: Avoid screen time altogether, except for video chatting with family.

Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.

Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.

Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.

Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.

Source: American Paediatric Association
Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal 

Rating: 2/5

Who are the Sacklers?

The Sackler family is a transatlantic dynasty that owns Purdue Pharma, which manufactures and markets OxyContin, one of the drugs at the centre of America's opioids crisis. The family is well known for their generous philanthropy towards the world's top cultural institutions, including Guggenheim Museum, the National Portrait Gallery, Tate in Britain, Yale University and the Serpentine Gallery, to name a few. Two branches of the family control Purdue Pharma.

Isaac Sackler and Sophie Greenberg were Jewish immigrants who arrived in New York before the First World War. They had three sons. The first, Arthur, died before OxyContin was invented. The second, Mortimer, who died aged 93 in 2010, was a former chief executive of Purdue Pharma. The third, Raymond, died aged 97 in 2017 and was also a former chief executive of Purdue Pharma. 

It was Arthur, a psychiatrist and pharmaceutical marketeer, who started the family business dynasty. He and his brothers bought a small company called Purdue Frederick; among their first products were laxatives and prescription earwax remover.

Arthur's branch of the family has not been involved in Purdue for many years and his daughter, Elizabeth, has spoken out against it, saying the company's role in America's drugs crisis is "morally abhorrent".

The lawsuits that were brought by the attorneys general of New York and Massachussetts named eight Sacklers. This includes Kathe, Mortimer, Richard, Jonathan and Ilene Sackler Lefcourt, who are all the children of either Mortimer or Raymond. Then there's Theresa Sackler, who is Mortimer senior's widow; Beverly, Raymond's widow; and David Sackler, Raymond's grandson.

Members of the Sackler family are rarely seen in public.

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

MATCH INFO

Manchester City 1 Chelsea 0
De Bruyne (70')

Man of the Match: Kevin de Bruyne (Manchester City)

Updated: June 18, 2023, 7:00 AM