Oil producing nations are fast becoming innovators in cutting emissions of planet-heating gases. AP
Oil producing nations are fast becoming innovators in cutting emissions of planet-heating gases. AP
Oil producing nations are fast becoming innovators in cutting emissions of planet-heating gases. AP
Oil producing nations are fast becoming innovators in cutting emissions of planet-heating gases. AP

US calls Gulf countries ‘part of the solution’ to climate crisis


James Reinl
  • English
  • Arabic

The administration of US President Joe Biden has thanked the UAE and Saudi Arabia for joining this week’s climate summit, saying Gulf oil exporters were key to keeping global temperature rises under control.

Two senior officials from the Biden administration told The National  that the two Gulf countries were fast becoming innovators in cutting emissions of planet-heating gases.

Sheikh Mohammed bin Rashid, the UAE Vice President and Ruler of Dubai, and Saudi Arabia's King Salman are due to take part in Mr Biden's online Leaders Summit on Climate which takes place on Thursday and Friday.

One official highlighted the UAE’s advanced water management technology and Saudi Arabia’s transition from a crude exporter to capturing solar rays and powering its $793 billion economy with hydrogen as "part of the solution" to the crisis.

“It doesn't matter if you're in Australia or the US, the UAE or Saudi Arabia, you're going to have to figure out how you move an economy that is partially reliant on carbon-intensive activities, to one that is not,” the official said.

Mr Biden’s summit will bring together leaders from 40 countries to drive global momentum to tackle climate change before the UN's Cop26 meeting in Glasgow in November.

The 2015 Paris Agreement had most world governments pledge to cut emissions of carbon dioxide and other planet-heating gases and keep global warming under 2°C above pre-industrial levels, and even 1.5°C.

The planet has so far warmed by 1.2°C and is headed for at least 3°C this century, raising the risk of wildfires, droughts, floods, hurricanes and other disasters that could force millions of people from their homes.

  • Signs from Fridays for Future movement in Berlin, Germany. Ten cities joined New York and London in committing to divest from fossil fuel companies as part of efforts to combat climate change. AP
    Signs from Fridays for Future movement in Berlin, Germany. Ten cities joined New York and London in committing to divest from fossil fuel companies as part of efforts to combat climate change. AP
  • Climate activists march in an attempt to occupy the Garzweiler open-cast coal mine and nearby gas infrastructure on a day of civil disobedience near Grevenbroich, Germany. Getty
    Climate activists march in an attempt to occupy the Garzweiler open-cast coal mine and nearby gas infrastructure on a day of civil disobedience near Grevenbroich, Germany. Getty
  • A child wears plastic bottle waste provided by climate and environmental activists during a protest in Nairobi, Kenya. Reuters
    A child wears plastic bottle waste provided by climate and environmental activists during a protest in Nairobi, Kenya. Reuters
  • A deforested area close to Sinop, Mato Grosso state, Brazil. The number of bushfires raging in Brazil's Amazon increased 61 per cent in September last year, compared to the same period in 2019. AFP
    A deforested area close to Sinop, Mato Grosso state, Brazil. The number of bushfires raging in Brazil's Amazon increased 61 per cent in September last year, compared to the same period in 2019. AFP
  • Ice sculptures of Donald Trump and Jair Bolsonaro comprise the artwork 'Meltdown', which was on display last September during the UN Summit On Biodiversity in New York City. AFP
    Ice sculptures of Donald Trump and Jair Bolsonaro comprise the artwork 'Meltdown', which was on display last September during the UN Summit On Biodiversity in New York City. AFP
  • A Jaguar named Ousado, who suffered second-degree burns during fires in the South American Pantanal region, rests in his cage after treatment in Brazil. AP
    A Jaguar named Ousado, who suffered second-degree burns during fires in the South American Pantanal region, rests in his cage after treatment in Brazil. AP
  • Cars on the Golden Gate Bridge in San Francisco, California. The US state plans to phase out sales of new, petrol-powered cars by 2035. Bloomberg
    Cars on the Golden Gate Bridge in San Francisco, California. The US state plans to phase out sales of new, petrol-powered cars by 2035. Bloomberg
  • Deadly bushfires in California burnt more than 16,000 square kilometres of land last year — more than double the previous record for the most land burnt in a single year in the state. AP
    Deadly bushfires in California burnt more than 16,000 square kilometres of land last year — more than double the previous record for the most land burnt in a single year in the state. AP
  • An aircraft prepares to drop fire retardant while battling a blaze in the Mendocino National Forest, California. AP
    An aircraft prepares to drop fire retardant while battling a blaze in the Mendocino National Forest, California. AP
  • Filipino climate activists hold placards calling for climate action as a part of global climate change protests in Quezon City. Reuters
    Filipino climate activists hold placards calling for climate action as a part of global climate change protests in Quezon City. Reuters
  • Debris collects in a river after heavy rains and floods hit Breil-sur-Roya, a French village close to the Italian border. AFP
    Debris collects in a river after heavy rains and floods hit Breil-sur-Roya, a French village close to the Italian border. AFP
  • Climate and environmental activists make their way through a forest next to the village of Shipunovo, 170 km south of the Siberian city of Novosibirsk, to extinguish a peat fire. AFP
    Climate and environmental activists make their way through a forest next to the village of Shipunovo, 170 km south of the Siberian city of Novosibirsk, to extinguish a peat fire. AFP
  • A man holds a banner with the message "United for climate" during a small climate change protest in Brussels. AP
    A man holds a banner with the message "United for climate" during a small climate change protest in Brussels. AP
  • British zoologist Andrew Bladon takes the temperature of a butterfly near Pegsdon, England. Whether a butterfly's wings absorb or reflect heat from the sun could be a matter of life and death in a warming world, British researchers said. AFP
    British zoologist Andrew Bladon takes the temperature of a butterfly near Pegsdon, England. Whether a butterfly's wings absorb or reflect heat from the sun could be a matter of life and death in a warming world, British researchers said. AFP
  • Members of an environmental group in Seoul, South Korea, take part in a protest against climate change. EPA
    Members of an environmental group in Seoul, South Korea, take part in a protest against climate change. EPA
  • Activists from various environmental groups take part in a protest against climate change in New Delhi, India. EPA
    Activists from various environmental groups take part in a protest against climate change in New Delhi, India. EPA
  • Ugandan climate change activist Vanessa Nakate takes part in a demonstration in the Luzira suburb of Kampala, Uganda. Reuters
    Ugandan climate change activist Vanessa Nakate takes part in a demonstration in the Luzira suburb of Kampala, Uganda. Reuters
  • A climate change demonstration in Vienna, Austria. AFP
    A climate change demonstration in Vienna, Austria. AFP
  • An iceberg floats past Bylot Island in the Canadian Arctic Archipelago in 2017. AP
    An iceberg floats past Bylot Island in the Canadian Arctic Archipelago in 2017. AP
  • A polar bear stands on the ice in the Franklin Strait in the Canadian Arctic Archipelago in 2017. AP
    A polar bear stands on the ice in the Franklin Strait in the Canadian Arctic Archipelago in 2017. AP

“If we're going to reach the 1.5°C aspirational goal ... it's going to require particularly oil-producing nations and others to decarbonise, to support decarbonisation and to invest in many of these solutions,” another official said.

The summit offers the US a chance to rejoin global efforts on climate change after the Trump administration pulled the country from the Paris deal and dismantled environmental regulations.

Mr Biden is expected to unveil America’s new carbon-emission targets at the summit and pledge money to help smaller economies fight climate change and adapt to a warmer planet.

The US and China, the world’s two biggest carbon polluters, agreed to co-operate on climate change before the summit, in which Chinese President Xi Jinping will take part.

The EU on Wednesday agreed on a major climate change law to reduce net emissions by at least 55 per cent by the end of the decade from 1990 levels.

The summit comes only weeks after US special envoy for climate John Kerry visited the UAE for the Mena Regional Climate Dialogue in Abu Dhabi.

Teenage environmental activist Greta Thunberg this week cast doubt on the US climate summit, saying world leaders were not truly treating the “crisis as a crisis”.

“Lots of insufficient climate ‘targets’ and ‘pledges’ being presented … they equal surrender on the 1.5°C target," Ms Thunberg tweeted on Wednesday.

"Same facts pretty much apply to all high-income nations."

Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
COMPANY%20PROFILE%20
%3Cp%3EName%3A%20DarDoc%3Cbr%3EBased%3A%20Abu%20Dhabi%3Cbr%3EFounders%3A%20Samer%20Masri%2C%20Keswin%20Suresh%3Cbr%3ESector%3A%20HealthTech%3Cbr%3ETotal%20funding%3A%20%24800%2C000%3Cbr%3EInvestors%3A%20Flat6Labs%2C%20angel%20investors%20%2B%20Incubated%20by%20Hub71%2C%20Abu%20Dhabi's%20Department%20of%20Health%3Cbr%3ENumber%20of%20employees%3A%2010%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
The candidates

Dr Ayham Ammora, scientist and business executive

Ali Azeem, business leader

Tony Booth, professor of education

Lord Browne, former BP chief executive

Dr Mohamed El-Erian, economist

Professor Wyn Evans, astrophysicist

Dr Mark Mann, scientist

Gina MIller, anti-Brexit campaigner

Lord Smith, former Cabinet minister

Sandi Toksvig, broadcaster

 

DC%20League%20of%20Super-Pets
%3Cp%3EDirector%3A%20Jared%20Stern%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Dwayne%20Johnson%2C%20Kevin%20Hart%2C%20John%20Krasinski%2C%20Keanu%20Reeves%2C%20Olivia%20Wilde%2C%20Kate%20McKinnon%2C%20Jameela%20Jamil%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A
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

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EEjari%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ERiyadh%2C%20Saudi%20Arabia%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EYazeed%20Al%20Shamsi%2C%20Fahad%20Albedah%2C%20Mohammed%20Alkhelewy%20and%20Khalid%20Almunif%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EPropTech%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%20%3C%2Fstrong%3E%241%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3ESanabil%20500%20Mena%2C%20Hambro%20Perks'%20Oryx%20Fund%20and%20angel%20investors%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E8%3C%2Fp%3E%0A
BIG SPENDERS

Premier League clubs spent £230 million (Dh1.15 billion) on January transfers, the second-highest total for the mid-season window, the Sports Business Group at Deloitte said in a report.

Takreem Awards winners 2021

Corporate Leadership: Carl Bistany (Lebanon)

Cultural Excellence: Hoor Al Qasimi (UAE)

Environmental Development and Sustainability: Bkerzay (Lebanon)

Environmental Development and Sustainability: Raya Ani (Iraq)

Humanitarian and Civic Services: Women’s Programs Association (Lebanon)

Humanitarian and Civic Services: Osamah Al Thini (Libya)

Excellence in Education: World Innovation Summit for Education (WISE) (Qatar)

Outstanding Arab Woman: Balghis Badri (Sudan)

Scientific and Technological Achievement: Mohamed Slim Alouini (KSA)

Young Entrepreneur: Omar Itani (Lebanon)

Lifetime Achievement: Suad Al Amiry (Palestine)

Dengue%20fever%20symptoms
%3Cul%3E%0A%3Cli%3EHigh%20fever%3C%2Fli%3E%0A%3Cli%3EIntense%20pain%20behind%20your%20eyes%3C%2Fli%3E%0A%3Cli%3ESevere%20headache%3C%2Fli%3E%0A%3Cli%3EMuscle%20and%20joint%20pains%3C%2Fli%3E%0A%3Cli%3ENausea%3C%2Fli%3E%0A%3Cli%3EVomiting%3C%2Fli%3E%0A%3Cli%3ESwollen%20glands%3C%2Fli%3E%0A%3Cli%3ERash%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Cp%3EIf%20symptoms%20occur%2C%20they%20usually%20last%20for%20two-seven%20days%3C%2Fp%3E%0A
Specs%20
%3Cp%3E%3Cstrong%3EPower%20train%3A%20%3C%2Fstrong%3E4.0-litre%20twin-turbo%20V8%20and%20synchronous%20electric%20motor%3Cbr%3E%3Cstrong%3EMax%20power%3A%20%3C%2Fstrong%3E800hp%3Cbr%3E%3Cstrong%3EMax%20torque%3A%20%3C%2Fstrong%3E950Nm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3EEight-speed%20auto%3Cbr%3E%3Cstrong%3EBattery%3A%20%3C%2Fstrong%3E25.7kWh%20lithium-ion%3Cbr%3E0-100km%2Fh%3A%203.4sec%3Cbr%3E0-200km%2Fh%3A%2011.4sec%3Cbr%3E%3Cstrong%3ETop%20speed%3A%20%3C%2Fstrong%3E312km%2Fh%3Cbr%3E%3Cstrong%3EMax%20electric-only%20range%3A%3C%2Fstrong%3E%2060km%20(claimed)%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Q3%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh1.2m%20(estimate)%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
Who's who in Yemen conflict

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

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills