The UAE has launched a bid to bring a major global climate summit to Abu Dhabi.
The UN Climate Change Conference (Cop28) would be hosted in the Emirati capital in November 2023, if successful.
Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, announced the bid on Sunday.
“The climate challenge is daunting, but it is also matched by enormous opportunity to drive economic growth and job creation,” he said.
The climate challenge is daunting, but it is also matched by enormous opportunity to drive economic growth and job creation
“As a country that sits at the heart of the hydrocarbon industry and has made significant investments in energy diversification domestically and around the globe, 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.”
“Cop28 will represent a pivotal moment to capitalise on this opportunity, and our vision is to work with all countries to realise their net economic benefits from accelerated action.”
Most recently, the UAE and US launched a joint plan to tackle food insecurity, weeks after hosting US climate envoy John Kerry in Abu Dhabi for the Regional Dialogue for Climate Action.
Aim for Climate seeks innovation in agriculture at a time when climate change threatens the stability of food production around the world.
If the bid is successful, it would bring thousands of decision-makers and delegates to the Emirati capital.
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UAE sustainability drive - in pictures
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This year’s UN Climate Summit Cop26 in Glasgow, Scotland, is estimated to host 30,000 attendees, even with the impact of the pandemic, with future summits potentially larger.
State news agency Wam said that, as the permanent host country for the International Renewable Energy Agency (Irena) and the first in the region to sign and ratify the Paris Agreement, the UAE has demonstrated a proven track record in climate action and co-operation that makes it an ideal convener for Cop28.
The UAE has established itself as a natural host for high-level large format international events.
Abu Dhabi Sustainability Week is the world’s largest annual sustainability event, with more than 45,000 delegates from 170 countries, and the UAE has hosted preparatory meetings for UN climate summits in 2014 and 2019.
Also, the coming Dubai Expo – focused on the Sustainable Development Goals and including 192 national pavilions – will welcome tens of millions of visitors starting in October.
Read More
Kerry speaks with optimism about pioneering US-UAE food and agriculture plan
National Editorial: UAE's 'AIM for Climate' champions agriculture for the future
The UAE’s investments in domestic renewable energy – including many of the world’s largest solar projects – over the past 15 years have yielded the world’s lowest solar costs. Its investments internationally have also contributed to renewable energy’s dramatic cost reductions over the last decade, reshaping global energy markets.
The Emirates has invested about $17 billion in commercial renewable energy projects on six continents and provided more than $1bn of grants and soft loans for renewable energy power plants, including through the UAE-Pacific Partnership Fund and UAE-Caribbean Renewable Energy Fund.
The country is currently putting considerable resources into carbon capture and storage to decarbonise heavy industry, led initiatives in climate-smart agriculture and prioritised biodiversity conservation.
“As Cop 28 host, the UAE would leverage its experience as a regional and global convener to mobilise all actors in achieving the Paris Agreement and reinforcing the compelling investment case for raising ambitions,” Sheikh Abdullah said.
“Climate impacts are already being acutely felt, but our experience gives us optimism that we can meet global climate goals while creating social and economic opportunities – with contributions coming from all corners of the globe.”
Regional Dialogue for Climate Action – in pictures
Our family matters legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
'The worst thing you can eat'
Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.
Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines:
Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.
Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.
Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.
Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.
Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.
The alternatives
• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.
• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.
• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.
• 2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.
• PayPal is probably the best-known online goods payment method - usually used for eBay purchases - but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.
EA Sports FC 26
Publisher: EA Sports
Consoles: PC, PlayStation 4/5, Xbox Series X/S
Rating: 3/5
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
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MATCH INFO
Rugby World Cup (all times UAE)
Final: England v South Africa, Saturday, 1pm
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE