A new hub dedicated to preparing and informing UAE policy makers on climate change has been launched in Abu Dhabi ahead of Cop28 later this year.
The Anwar Gargash Diplomatic Academy (AGDA) announced the launch of the Centre for Climate Diplomacy on Monday, which has been created in collaboration with Mubadala and Adnoc.
The aim of the centre is to advance effective research to inform the country's policies on climate action plans.
It will serve as a regional hub for climate research by working with academic groups and think tanks in the Middle East, as well as hold information sessions for government officials.
The centre also hopes to forge links between the private and public sectors in projects that focus on finding solutions and reducing carbon emissions.
The UAE continues to advance progressive solutions to address climate change and diplomacy plays a crucial role
Dr Sultan Al Jaber,
UAE Minister of Industry and Advanced Technology and Adnoc managing director and group chief executive
"The urgent need for effective climate action at scale demands that organisations and individuals from every sector and from around the world come together to deliver tangible action," said Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Adnoc managing director and group chief executive in a statement.
"This requires diplomacy supported by evidence with a strong basis in science.
"The UAE continues to advance progressive solutions to address climate change and diplomacy plays a crucial role in enabling greater collaboration across public and private sectors," he said.
Climate change challenges
Nickolay Mladenov, director general of the AGDA, emphasised how the UAE was committed to implementing initiatives to address the climate crisis, and spoke of the importance of working together.
"The centre is an initiative we have been working on for a year and we are launching it now because we want to seize the momentum of Cop28 to create a centre of excellence that looks at the link between diplomacy and climate change," he told The National.
"We believe very firmly that every single person in the field of foreign policy needs to understand the challenges of climate change.
“That is why we will be focusing in our research, publications, engagements on areas that are relevant for diplomats in terms of preparing them for the challenge of climate negotiations in the future and reach out to a global network of expertise," Mr Mladenov added.
He said the collaboration with Mubadala and Adnoc would help develop solutions to combat climate change and build a platform that would be a “catalyst for innovation, encourage discussion, and present feasible solutions to address the challenge of climate change.”
Ahmed Al Calily, chief strategy and risk officer Mubadala, said the centre would provide an opportunity to understand how to create real change.
“As the UAE prepares to host one of the world’s largest diplomatic summits, the imperative of advancing skills and knowledge in climate diplomacy could not be clearer,” he said.
Research will cover sustainable finance to understand how climate change impacts the economies of the region, energy transition, adapting to climate change and climate diplomacy.
The centre will develop into a platform for researchers, policymakers and experts to collaborate to address the climate crisis on the local, regional and international levels.
A key UN report last week warned more needed to be done “on all fronts” to meet climate goals and that the window to keep the 1.5°C warming target alive was “rapidly closing.”
Moustafa Bayoumi, project manager for the Centre for Climate Diplomacy, said it was more critical than ever before to take action following the UN report that climate goals would be missed.
He said the centre would address gaps in research to better understand how countries can adapt to the impact of climate change, reduce emissions, track whether climate finance was reaching its target and assess projects that funds were being spent on.
“We see the future lies in how we can get research outcomes to the policy makers and diplomats so they understand what is at stake,” he said.
“Then based first-hand from the science, they will know what needs to be done - that is what we will try to achieve with the centre.”
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Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
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THE BIO
Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.
Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.
Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.
Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.
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Engine: 4.0-litre twin-turbo V8 plus rear-mounted electric motor
Power: 843hp at N/A rpm
Torque: 1470Nm N/A rpm
Transmission: 9-speed auto
Fuel consumption: 8.6L/100km
On sale: October to December
Price: From Dh875,000 (estimate)
Zidane's managerial achievements
La Liga: 2016/17
Spanish Super Cup: 2017
Uefa Champions League: 2015/16, 2016/17, 2017/18
Uefa Super Cup: 2016, 2017
Fifa Club World Cup: 2016, 2017
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Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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December 28
Stan Wawrinka v Pablo Carreno Busta, 5pm
Milos Raonic v Dominic Thiem, no earlier then 7pm
December 29 - semi-finals
Rafael Nadal v Stan Wawrinka / Pablo Carreno Busta, 5pm
Novak Djokovic v Milos Raonic / Dominic Thiem, no earlier then 7pm
December 30
3rd/4th place play-off, 5pm
Final, 7pm
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
The%20specs
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ELIO
Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett
Directors: Madeline Sharafian, Domee Shi, Adrian Molina
Rating: 4/5
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
MATCH INFO
What: 2006 World Cup quarter-final
When: July 1
Where: Gelsenkirchen Stadium, Gelsenkirchen, Germany
Result:
England 0 Portugal 0
(Portugal win 3-1 on penalties)
Look north
BBC business reporters, like a new raft of government officials, are being removed from the national and international hub of London and surely the quality of their work must suffer.
LEADERBOARD
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About Krews
Founder: Ahmed Al Qubaisi
Based: Abu Dhabi
Founded: January 2019
Number of employees: 10
Sector: Technology/Social media
Funding to date: Estimated $300,000 from Hub71 in-kind support