A new report has warned the livelihoods of more than half a billion people in the Middle East and North Africa are under threat from climate change.
It outlines how temperatures in the region are rising at twice the global average and could affect 575 million people, 70 per cent of whom are in low-income countries.
Published by the World Economic Forum (WEF) on Wednesday, the report said the region was at a “decisive moment” in the fight against climate change, with shocks such as irregular rainfall, water scarcity, desertification, reduced levels of groundwater and prolonged droughts potentially triggering a knock-on effect on everything from agriculture to how people live to increasing migration.
The report, Closing the climate action gap: accelerating decarbonisation and the energy transition in Mena, comes only weeks before Cop28 gets under way in Dubai.
Leaders will meet in the UAE from November 30 to December 12 to tackle the escalating climate emergency and assess where the world stands in meeting the goals of the Paris agreement. Under the 2015 deal, countries agreed to “pursue efforts” to limit the rise in global temperatures to 1.5°C on pre-industrial levels.
But the world remains off track and could instead be headed for around 2.5°C of warming, the UN has said. The report notes how warming is more pronounced in the Middle East and forecasts a 4°C rise. Scenarios can differ depending on various factors such as future emissions and policy changes.
Call for urgent action
“The urgency of the situation demands immediate and nuanced action, including reducing emissions, building resilience against climate change, including water scarcity, and mobilising a cohesive effort among governmental bodies, businesses and international organisations,” the report notes.
The study underlines how countries in Mena trail behind comparable regions in terms of sustainability goals. It states that while governments pledged in the past 24 months to bring 60 per cent of Mena’s emissions under the net-zero ambition, businesses overall have yet to follow suit and bridge the gap with comparable global markets.
The report, released on the sidelines of the WEF’s Global Future Councils event in Dubai, also offers much hope for the future, however, outlining how by scaling up solar and wind energy, the region could become a “global leader” in areas such as renewables and clean hydrogen.
‘’The Mena region has been one of the fastest growing over the past decade and there is a pathway for the region to position itself at the forefront of sustainability efforts while maintaining its upward economic trajectory,” said Borge Brende, president of the WEF.
“As global markets continue to shift and energy demands rise, the region requires bold and co-ordinated action from policymakers and businesses to lead a just energy transition and meet both climate and development-related goals,” he said.
The report was developed in collaboration with consulting firm Bain and Company, with contributions from more than 40 policymakers, climate actors, business leaders, banks and industry experts from the private and public sectors who form the forum’s “leaders for sustainable Mena”. It also notes the significant impact of climate change on the economy.
Estimates from organisations such as the World Bank and Swiss Re predict that climate change could slash gross domestic product in Mena by between 4 per cent and 21 per cent by 2050 due to a lack of climate action.
And it cautions the region is not a “monolith”, with “major differences” existing between the GCC and other parts of the region.
It advises that Gulf nations should focus on “technology-based solutions that reduce emissions in challenging sectors, optimise consumption, transition to renewables and implement carbon capture at scale”.
“Meanwhile, non-Gulf countries should prioritise affordable energy, particularly in low-income areas, by increasing renewable energy usage, phasing out regressive fossil-fuel subsidies and supporting carbon-credit projects.”
The report also suggests upskilling in green jobs will be crucial across Mena and greater collaboration on climate could strengthen “diversification, exports and employment” across the entire region.
Egypt replants mangroves to fight climate change - in pictures
UAE currency: the story behind the money in your pockets
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
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2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200
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
Quick pearls of wisdom
Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”
Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”
Cricket World Cup League Two
Oman, UAE, Namibia
Al Amerat, Muscat
Results
Oman beat UAE by five wickets
UAE beat Namibia by eight runs
Fixtures
Wednesday January 8 –Oman v Namibia
Thursday January 9 – Oman v UAE
Saturday January 11 – UAE v Namibia
Sunday January 12 – Oman v Namibia
COMPANY%20PROFILE
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Coming soon
Torno Subito by Massimo Bottura
When the W Dubai – The Palm hotel opens at the end of this year, one of the highlights will be Massimo Bottura’s new restaurant, Torno Subito, which promises “to take guests on a journey back to 1960s Italy”. It is the three Michelinstarred chef’s first venture in Dubai and should be every bit as ambitious as you would expect from the man whose restaurant in Italy, Osteria Francescana, was crowned number one in this year’s list of the World’s 50 Best Restaurants.
Akira Back Dubai
Another exciting opening at the W Dubai – The Palm hotel is South Korean chef Akira Back’s new restaurant, which will continue to showcase some of the finest Asian food in the world. Back, whose Seoul restaurant, Dosa, won a Michelin star last year, describes his menu as, “an innovative Japanese cuisine prepared with a Korean accent”.
Dinner by Heston Blumenthal
The highly experimental chef, whose dishes are as much about spectacle as taste, opens his first restaurant in Dubai next year. Housed at The Royal Atlantis Resort & Residences, Dinner by Heston Blumenthal will feature contemporary twists on recipes that date back to the 1300s, including goats’ milk cheesecake. Always remember with a Blumenthal dish: nothing is quite as it seems.
The specs
Engine: 6.2-litre V8
Transmission: ten-speed
Power: 420bhp
Torque: 624Nm
Price: Dh325,125
On sale: Now
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
LAST-16 EUROPA LEAGUE FIXTURES
Wednesday (Kick-offs UAE)
FC Copenhagen (0) v Istanbul Basaksehir (1) 8.55pm
Shakhtar Donetsk (2) v Wolfsburg (1) 8.55pm
Inter Milan v Getafe (one leg only) 11pm
Manchester United (5) v LASK (0) 11pm
Thursday
Bayer Leverkusen (3) v Rangers (1) 8.55pm
Sevilla v Roma (one leg only) 8.55pm
FC Basel (3) v Eintracht Frankfurt (0) 11pm
Wolves (1) Olympiakos (1) 11pm
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%3Cp%3E%3Cstrong%3ECreator%3A%20%3C%2Fstrong%3ESteven%20Knight%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%C2%A0%3C%2Fstrong%3EMark%20Ruffalo%2C%20Hugh%20Laurie%2C%20Aria%20Mia%20Loberti%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E1%2F5%C2%A0%3C%2Fp%3E%0A
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
Background: Chemical Weapons
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