Middle Eastern countries are rushing to find ways to address an impending water crisis. AFP
Middle Eastern countries are rushing to find ways to address an impending water crisis. AFP
Middle Eastern countries are rushing to find ways to address an impending water crisis. AFP
Middle Eastern countries are rushing to find ways to address an impending water crisis. AFP

Why the UAE should hold Cop28


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On his opening trip to Asia as the Biden administration's special presidential envoy for climate, John Kerry's first stop was Abu Dhabi, where he attended the Regional Climate Dialogue in April. It was not your usual diplomatic visit. Rather than being confined to reception rooms, Mr Kerry was given a helicopter tour of the emirate's Noor facility, the largest single-site solar plant in the world, as well as trips to the first university dedicated to AI, MBZUAI, with curriculums focusing on sustainability, and even a mangrove park. This packed and varied itinerary made one thing clear: solving the climate crisis will require every technology and discipline that countries can harness.

Mr Kerry's trip to the climate dialogue highlighted an emergency that threatens the globe. More than 190 leaders will be discussing it again at the UN's 26th Climate Change Conference, Cop26, which is taking place this November in Glasgow, Scotland. On Sunday, the UAE launched its own bid to host Cop28, scheduled for 2023, in Abu Dhabi.

This November, the world's eyes will be on Glasgow as the city hosts Cop26. AP
This November, the world's eyes will be on Glasgow as the city hosts Cop26. AP
Water scarcity could cost the Middle East as much as a 14 per cent knock to GDP by 2050

The Cop meetings are arguably the most influential of their kind, having led to the establishment of the Paris Agreement in 2015, when nearly every nation on Earth agreed to work together to stop the world’s temperature increasing more than 2°C above pre-industrial levels.

Climate change poses the same threat to all nations. But the Mena region is an early frontline. Droughts are affecting farmers from Sudan to Syria. And it is not just the natural environment under threat. Regional economies are in jeopardy, too. The World Bank highlighted in a recent report that water scarcity related to climate change could cost the Middle East as much as a 14 per cent knock to GDP by 2050. When more than 80 per cent of water used in the region goes towards agriculture, dwindling supplies threaten not only those reliant on the earth for work, but the food security of everyone.

This urgency has led to increasing concern within GCC governments, who for years have been planning for a post-carbon future that redirects the oil revenues that were the driving force behind the region's rapid development in the 20th century.

In the UAE, officials have been arguing for some time that a greener future is also a major opportunity for growth. Announcing the bid on Sunday, Sheikh Abdullah bin Zayed, UAE Minister of Foreign Affairs and International Co-operation, said, "We have seen first-hand that there is now an unprecedented business case for the highest level of climate ambition – especially when it advances gender equality and empowers youth.” A series of major environmental projects are providing the proof; the Emirates now has among the lowest solar energy costs on the planet.

It will take more than the cold, hard facts to change longstanding polluting habits. The Gulf has been a major commercial centre of the global carbon industry for decades. Now it is committed to taking the lead on creating a greener future, and hosting Cop28 in the UAE would show that commitment on the world stage. If the Gulf can lead conversations for real, global progress on sustainability, then reluctant countries elsewhere in the world will find it harder to make excuses for inaction.

TRAP

Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue

Director: M Night Shyamalan

Rating: 3/5

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What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

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Specs%20
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How to join and use Abu Dhabi’s public libraries

• There are six libraries in Abu Dhabi emirate run by the Department of Culture and Tourism, including one in Al Ain and Al Dhafra.

• Libraries are free to visit and visitors can consult books, use online resources and study there. Most are open from 8am to 8pm on weekdays, closed on Fridays and have variable hours on Saturdays, except for Qasr Al Watan which is open from 10am to 8pm every day.

• In order to borrow books, visitors must join the service by providing a passport photograph, Emirates ID and a refundable deposit of Dh400. Members can borrow five books for three weeks, all of which are renewable up to two times online.

• If users do not wish to pay the fee, they can still use the library’s electronic resources for free by simply registering on the website. Once registered, a username and password is provided, allowing remote access.

• For more information visit the library network's website.

MATCH INFO

Barcelona 4 (Messi 23' pen, 45 1', 48', Busquets 85')

Celta Vigo 1 (Olaza 42')

SPECS

Nissan 370z Nismo

Engine: 3.7-litre V6

Transmission: seven-speed automatic

Power: 363hp

Torque: 560Nm

Price: Dh184,500

PROFILE OF INVYGO

Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

Profile of VoucherSkout

Date of launch: November 2016

Founder: David Tobias

Based: Jumeirah Lake Towers

Sector: Technology

Size: 18 employees

Stage: Embarking on a Series A round to raise $5 million in the first quarter of 2019 with a 20 per cent stake

Investors: Seed round was self-funded with “millions of dollars” 

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Scoreline:

Barcelona 2

Suarez 85', Messi 86'

Atletico Madrid 0

Red card: Diego Costa 28' (Atletico)

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The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

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%3Cp%3E%3Cstrong%3EFirst%20match%3A%20%3C%2Fstrong%3ENovember%2020%0D%3Cbr%3E%3Cstrong%3EFinal%2016%20round%3A%20%3C%2Fstrong%3EDecember%203%20to%206%0D%3Cbr%3E%3Cstrong%3EQuarter-finals%3A%20%3C%2Fstrong%3EDecember%209%20and%2010%0D%3Cbr%3E%3Cstrong%3ESemi-finals%3A%20%3C%2Fstrong%3EDecember%2013%20and%2014%0D%3Cbr%3E%3Cstrong%3EFinal%3A%20%3C%2Fstrong%3EDecember%2018%3C%2Fp%3E%0A
The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

Sukuk explained

Sukuk are Sharia-compliant financial certificates issued by governments, corporates and other entities. While as an asset class they resemble conventional bonds, there are some significant differences. As interest is prohibited under Sharia, sukuk must contain an underlying transaction, for example a leaseback agreement, and the income that is paid to investors is generated by the underlying asset. Investors must also be prepared to share in both the profits and losses of an enterprise. Nevertheless, sukuk are similar to conventional bonds in that they provide regular payments, and are considered less risky than equities. Most investors would not buy sukuk directly due to high minimum subscriptions, but invest via funds.

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