Dr. Thani Al Zeyoudi, the Minister of Climate Change and Environment, attends a meeting on economic diversification to face climate change challenges on November 18, 2016. WAM
Dr. Thani Al Zeyoudi, the Minister of Climate Change and Environment, attends a meeting on economic diversification to face climate change challenges on November 18, 2016. WAM

UAE reaffirms commitment to tackle global warming



ABU DHABI // The UAE on Friday reaffirmed its commitment to the global battle against climate change.

Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of Presidential Affairs, told the Cop 22 summit in Morocco of the country’s belief in the importance of turning the Paris Agreement into a reality.

“Turning the Paris Climate Agreement into real initiatives requires enormous efforts and collaboration at the local, regional and international levels,” said Sheikh Mansour, who had led the UAE’s delegation.

Part of those efforts is the Research for Climate initiative between the UAE and the University of Maryland to align the work of academia with that of the Government. It was unveiled at Cop 22 on Thursday.

Sheikh Mansour said the climate change pact sent a clear message that governments had the responsibility to involve all players so they could work together on the environment.

“We are confident that such platforms will offer a strong impetus to global efforts to minimise the impacts of climate change,” he said.

Sheikh Mansour invited the Cop 22 delegates to Abu Dhabi Climate Action Day and the World Government Summit, to be held in Dubai next February, which will focus on climate and its effect on food scarcity.

Sheikh Mansour’s statement was delivered by Dr Thani Al Zeyoudi, Minister of Climate Change and Environment.

After two weeks of talks in Marrakech, almost 200 nations reaffirmed their support for the Paris Agreement.

Dr Al Zeyoudi said the US election of Donald Trump as the next president prompted discussion at the forum.

But Dr Al Zeyoudi told Cop 22 that the US was not dependent on one person when it came to issues of the environment.

“There are so many local authorities with which we can work together,” he said. “After pulling out from Kyoto, the US came out with so many carbon-mechanism systems.”

Mr Trump’s past threats to scrap US international involvement in climate-change treaties cast a shadow over the talks.

“The world is going to move with the States or without the States,” Dr Al Zeyoudi said. “Businesspeople, governments, they’re talking about action.”

He said that if the US under Mr Trump were to leave the Paris deal, it would take at least four years, during which time businesses in the US would continue to curb carbon emissions while the cost of clean technology would keep falling.

“At the Cop 22, where countries started to fulfil their pledges under the Paris Agreement, we need to chart a course of action that enables us to reach creative solutions to prevent climate change and allow companies, civil society organisations and universities and research centres to engage in this effort,’’ said Dr Al Zeyoudi.

The Cop 22 nations’ statement spelt out that to combat climate change the highest political commitment was needed, and it urged all countries to reduce their greenhouse emissions to avoid the world warming by 3°C or more.

newsdesk@thenational.ae

SPECS

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

How to vote

Canadians living in the UAE can register to vote online and be added to the International Register of Electors.

They'll then be sent a special ballot voting kit by mail either to their address, the Consulate General of Canada to the UAE in Dubai or The Embassy of Canada in Abu Dhabi

Registered voters mark the ballot with their choice and must send it back by 6pm Eastern time on October 21 (2am next Friday) 

SPEC SHEET: SAMSUNG GALAXY Z FOLD5

Main display: 7.6" QXGA+ Dynamic Amoled 2X, Infinity Flex, 2176 x 1812, 21.6:18, 374ppi, HDR10+, up to 120Hz

Cover display: 6.2" HD+ Dynamic Amoled 2X, 2316 x 904, 23.1:9, 402ppi, up to 120Hz

Processor: Qualcomm Snapdragon 8 Gen 2, 4nm, octa-core; Adreno 740 GPU

Memory: 12GB

Capacity: 256/512GB / 1TB (online exclusive)

Platform: Android 13, One UI 5.1.1

Main camera: Triple 12MP ultra-wide (f/2.2) + 50MP wide (f/1.8) + 10MP telephoto (f/2.4), dual OIS, 3x optical zoom, 30x Space Zoom, portrait, super slo-mo

Video: 8K@24fps, 4K@60fps, full-HD@60/240fps, HD@960fps; slo-mo@60/240/960fps; HDR10+

Cover camera: 10MP (f/2.2)

Inner front camera: Under-display 4MP (f/1.8)

Battery: 4400mAh, 25W fast charging, 15W wireless, 4.5W reverse wireless

Connectivity: 5G; Wi-Fi, Bluetooth 5.3, NFC (Samsung Pay)

I/O: USB-C

Cards: Nano-SIM + eSIM; dual nano-SIMs + eSIM

Colours: Cream, icy blue, phantom black; online exclusives – blue, grey

In the box: Fold5, USB-C-to-USB-C cable

Price: Dh6,799 / Dh7,249 / Dh8,149

hall of shame

SUNDERLAND 2002-03

No one has ended a Premier League season quite like Sunderland. They lost each of their final 15 games, taking no points after January. They ended up with 19 in total, sacking managers Peter Reid and Howard Wilkinson and losing 3-1 to Charlton when they scored three own goals in eight minutes.

SUNDERLAND 2005-06

Until Derby came along, Sunderland’s total of 15 points was the Premier League’s record low. They made it until May and their final home game before winning at the Stadium of Light while they lost a joint record 29 of their 38 league games.

HUDDERSFIELD 2018-19

Joined Derby as the only team to be relegated in March. No striker scored until January, while only two players got more assists than goalkeeper Jonas Lossl. The mid-season appointment Jan Siewert was to end his time as Huddersfield manager with a 5.3 per cent win rate.

ASTON VILLA 2015-16

Perhaps the most inexplicably bad season, considering they signed Idrissa Gueye and Adama Traore and still only got 17 points. Villa won their first league game, but none of the next 19. They ended an abominable campaign by taking one point from the last 39 available.

FULHAM 2018-19

Terrible in different ways. Fulham’s total of 26 points is not among the lowest ever but they contrived to get relegated after spending over £100 million (Dh457m) in the transfer market. Much of it went on defenders but they only kept two clean sheets in their first 33 games.

LA LIGA: Sporting Gijon, 13 points in 1997-98.

BUNDESLIGA: Tasmania Berlin, 10 points in 1965-66

WHAT IS THE LICENSING PROCESS FOR VARA?

Vara will cater to three categories of companies in Dubai (except the DIFC):

Category A: Minimum viable product (MVP) applicants that are currently in the process of securing an MVP licence: This is a three-stage process starting with [1] a provisional permit, graduating to [2] preparatory licence and concluding with [3] operational licence. Applicants that are already in the MVP process will be advised by Vara to either continue within the MVP framework or be transitioned to the full market product licensing process.

Category B: Existing legacy virtual asset service providers prior to February 7, 2023, which are required to come under Vara supervision. All operating service proviers in Dubai (excluding the DIFC) fall under Vara’s supervision.

Category C: New applicants seeking a Vara licence or existing applicants adding new activities. All applicants that do not fall under Category A or B can begin the application process through their current or prospective commercial licensor — the DET or Free Zone Authority — or directly through Vara in the instance that they have yet to determine the commercial operating zone in Dubai. 

The Specs

Engine: 1.6-litre 4-cylinder petrol
Power: 118hp
Torque: 149Nm
Transmission: Six-speed automatic
Price: From Dh61,500
On sale: Now

How will Gen Alpha invest?

Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

FIVE TRENDS THAT WILL SHAPE UAE BANKING

• The digitisation of financial services will continue

• Managing and using data effectively will become a competitive advantage

• Digitisation will require continued adjustment of operating models

• Banks will expand their role in the customer life through ecosystems

• The structure of the sector will change

Where to buy

Limited-edition art prints of The Sofa Series: Sultani can be acquired from Reem El Mutwalli at www.reemelmutwalli.com

Getting there and where to stay

Fly with Etihad Airways from Abu Dhabi to New York’s JFK. There's 11 flights a week and economy fares start at around Dh5,000.
Stay at The Mark Hotel on the city’s Upper East Side. Overnight stays start from $1395 per night.
Visit NYC Go, the official destination resource for New York City for all the latest events, activites and openings.

RESULTS

5pm: Al Bateen – Maiden (PA) Dh80,000 (Turf) 2,200m
Winner: Ma’Aly Al Shahania, Bernardo Pinheiro (jockey), Mohamed Daggash (trainer)
5.30pm: Al Khaleej – Maiden (PA) Dh80,000 (T) 1,400m
Winner: AF Rami, Tadhg O’Shea, Ernst Oertel
6pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 1,400m
Winner: Bant Al Emarat, Bernardo Pinheiro, Qaiss Aboud
6.30pm: Al Nahyan – Handicap (PA) Dh80,000 (T) 1,600m
Winner: AF Rasam, Marcelino Rodrigues, Ernst Oertel
7pm: Al Karamah – Handicap (PA) Dh80,000 (T) 1,600m
Winner: Zafaranah, Bernardo Pinheiro, Musabah Al Muhairi
7.30pm: Al Salam – Handicap (TB) Dh80,000 (T) 1,400m
Winner: Nibras Passion, Tadhg O’Shea, Ismail Mohammed

The specs

Engine: 2-litre 4-cylinder and 3.6-litre 6-cylinder

Power: 220 and 280 horsepower

Torque: 350 and 360Nm

Transmission: eight-speed automatic

Price: from Dh136,521 + VAT and Dh166,464 + VAT 

On sale: now

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

Kill

Director: Nikhil Nagesh Bhat

Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal

Rating: 4.5/5

MATCH INFO

Uefa Champions League semi-final, first leg

Barcelona v Liverpool, Wednesday, 11pm (UAE).

Second leg

Liverpool v Barcelona, Tuesday, May 7, 11pm

Games on BeIN Sports

SPECS

Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now

The specs

Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)

AWARDS

Best Male black belt: Lucas Protasio (BRA)
Best female black belt: Julia Alves (BRA)
Best Masters black belt: Igor Silva (BRA)
Best Asian Jiu-Jitsu Federation: Kazakhstan
Best Academy in UAE: Commando Group, Abu Dhabi
Best International Academy: Commando Group, Abu Dhabi
African Player of the Year: Katiuscia Yasmira Dias (GNB)
Oceanian Player of the Year: Anton Minenko (AUS)
European Player of the Year: Rose El Sharouni (NED)
North and Central American Player of the Year: Alexa Yanes (USA)
Asian Player of the Year: Zayed Al Katheeri (UAE)
Rookie of the Year: Rui Neto (BRA)Rui Neto (BRA)

Russia's Muslim Heartlands

Dominic Rubin, Oxford

Company Profile

Name: Raha
Started: 2022
Based: Kuwait/Saudi
Industry: Tech Logistics
Funding: $14 million
Investors: Soor Capital, eWTP Arabia Capital, Aujan Enterprises, Nox Management, Cedar Mundi Ventures
Number of employees: 166