President Joe Biden on Friday wrapped up a two-day climate change summit that yielded new emissions-cut pledges from the US, Canada, Japan and others, as well as the launch of an agricultural initiative from the UAE.
Mr Biden called the meeting with 40 world leaders to declare the US back at the climate leadership table after his predecessor, Donald Trump, pulled out of the 2015 Paris agreement to curb the release of planet-heating gases and loosened emissions rules.
The Democratic president, who returned the US to the Paris deal, unveiled a US target to cut emissions by 50-52 per cent by 2030 compared with 2005 levels. Japan and Canada also increased their targets.
“Over the last two days, I think we made some important progress,” Mr Biden said while closing the event.
“The commitments we've made must become real. Commitments without us doing that, it’s just a lot of hot air.”
Mr Biden tied efforts to fight climate change with job creation in clean-energy sectors, saying action was good for the economy in a bid to counter sceptics and conservatives who fear that climate regulations will slow growth.
The White House aims to ensure the world meets a goal of limiting planetary warming to 1.5°C compared to pre-industrial levels — even as activists and some UN climatologists say we are badly off-track.
The planet has so far warmed by 1.2°C and is headed for at least 3°C this century. Around the world, farmers are already struggling with increasingly frequent droughts, flash floods and desertification.
UAE Vice President and Ruler of Dubai Sheikh Mohammed bin Rashid on Friday told the summit of a joint scheme of the UAE, Britain, the US and others to help farmers in poor nations cope with the impacts of climate change.
He described a “group of champions to launch the agricultural innovation mission for climate … a new initiative to support research and development and innovation for food systems over the next five years.”
The UAE has over the decades developed know-how in water management, irrigation techniques and using its arid soils for agriculture.
Microsoft co-founder and philanthropist Bill Gates praised the initiative, saying smallholder and subsistence farmers across the developing world were on the front lines of a warming planet.
“We have to address the climate impacts that are going to come because of the heating that’s already taken place,” said Mr Gates.
“This means accelerating agricultural innovation so that subsistence farmers can withstand the shocks that come with more unpredictable weather.”
The billionaire also said he was working with partners on the Breakthrough Energy Catalyst scheme to raise money from governments, philanthropists, and companies to make capital investments to bring down the cost of clean technology.
Israeli Prime Minister Benjamin Netanyahu said Israel was cutting back on coal, developing energy-storage technology and cooperating with the UAE and Bahrain, which last year inked the Abraham Accord to normalise ties after decades of hostility.
“Cooperation in the fields of water and renewable energy are also an integral part of our new cooperation with the UAE and Bahrain,” Mr Netanyahu said.
“So not only are we working to end dependency on fossil fuels, and finding solutions to the climate crisis, but we're helping to cement Arab-Israeli peace. And that bodes well for the entire region, for the entire world.”
Other leaders to address the summit on Friday included Danish Prime Minister Mette Frederiksen, Kenyan President Uhuru Kenyatta and Vietnamese President Nguyen Xuan Phucare.
Still, there was criticism from teenage Swedish climate activist Greta Thunberg, former Irish president Mary Robinson and others that the pledges were not ambitious enough to meet the planet’s pressing needs.
“President Biden’s summit is a welcome step towards effective international cooperation, but all major powers must do a lot more, a lot quicker in concert if we are to avert environmental catastrophe,” said Ms Robinson, chairperson of The Elders group of political luminaries.
Pledges by Japan and the US to nearly double their 2030 emissions reduction targets were “still far from what science and equity demands”, said Ms Robinson, adding that China should strengthen its plans ahead of the next climate summit in Scotland in November.
Also taking part were US Transportation Secretary Pete Buttigieg, Trade Representative Katherine Tai, Commerce Secretary Gina Raimondo and Energy Secretary Jennifer Granholm, who called clean technology “our generation's moonshot”.
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
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Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
UAE currency: the story behind the money in your pockets
More from Neighbourhood Watch:
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
A timeline of the Historical Dictionary of the Arabic Language
- 2018: Formal work begins
- November 2021: First 17 volumes launched
- November 2022: Additional 19 volumes released
- October 2023: Another 31 volumes released
- November 2024: All 127 volumes completed
Name: Peter Dicce
Title: Assistant dean of students and director of athletics
Favourite sport: soccer
Favourite team: Bayern Munich
Favourite player: Franz Beckenbauer
Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates
Last-16
France 4
Griezmann (13' pen), Pavard (57'), Mbappe (64', 68')
Argentina 3
Di Maria (41'), Mercado (48'), Aguero (90 3')
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Match statistics
Dubai Sports City Eagles 8 Dubai Exiles 85
Eagles
Try: Bailey
Pen: Carey
Exiles
Tries: Botes 3, Sackmann 2, Fourie 2, Penalty, Walsh, Gairn, Crossley, Stubbs
Cons: Gerber 7
Pens: Gerber 3
Man of the match: Tomas Sackmann (Exiles)
My Cat Yugoslavia by Pajtim Statovci
Pushkin Press
Evacuations to France hit by controversy
- Over 500 Gazans have been evacuated to France since November 2023
- Evacuations were paused after a student already in France posted anti-Semitic content and was subsequently expelled to Qatar
- The Foreign Ministry launched a review to determine how authorities failed to detect the posts before her entry
- Artists and researchers fall under a programme called Pause that began in 2017
- It has benefited more than 700 people from 44 countries, including Syria, Turkey, Iran, and Sudan
- Since the start of the Gaza war, it has also included 45 Gazan beneficiaries
- Unlike students, they are allowed to bring their families to France
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
SPECS
Nissan 370z Nismo
Engine: 3.7-litre V6
Transmission: seven-speed automatic
Power: 363hp
Torque: 560Nm
Price: Dh184,500
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Indoor cricket in a nutshell
Indoor cricket in a nutshell
Indoor Cricket World Cup - Sept 16-20, Insportz, Dubai
16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership
Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.
Zones
A Front net, behind the striker and wicketkeeper: 0 runs
B Side nets, between the striker and halfway down the pitch: 1 run
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
The specs: 2019 Mercedes-Benz C200 Coupe
Price, base: Dh201,153
Engine: 2.0-litre turbocharged four-cylinder
Transmission: Nine-speed automatic
Power: 204hp @ 5,800rpm
Torque: 300Nm @ 1,600rpm
Fuel economy, combined: 6.7L / 100km
The five pillars of Islam
ZAYED SUSTAINABILITY PRIZE
COMPANY%20PROFILE
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The specs
Engine: 2.4-litre 4-cylinder
Transmission: CVT auto
Power: 181bhp
Torque: 244Nm
Price: Dh122,900
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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.
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching