COP28: UN climate event mobilizes over $57bn in first four days

DUBAI: As Gender Day was observed on Dec. 4 at the 2023 UN Climate Change Conference in Dubai, female participants advocated for increased awareness regarding climate change’s acute impact on women, especially in the developing world. Despite the extensive ongoing discussions surrounding the topic, numerous female participants expressed dissatisfaction, asserting that akin to various other … Read more

COP28: Saudi Arabia’s Red Sea economy shifts to regeneration

DUBAI: Saudi Arabia has quadrupled its renewable connected capacity in the last two years as part of its acceleration toward reaching net zero by 2060, according to the minister of energy.  During the inauguration of the third edition of the Saudi Green Initiative Forum, held on the sidelines of the 2023 UN Climate Change Conference, … Read more

US pledges $3 billion for Green Climate Fund at COP28

Experts laud Saudi private sector’s efforts in advancing sustainable development DUBAI: Experts on Sunday highlighted the positive role the private sector is playing in advancing sustainable development in Saudi Arabia. The progressive picture emerged through a series of panel discussions held at the Saudi Pavilion on the fourth day of the 2023 UN Climate Change … Read more

Day 5 of COP28: Saudi Green Initiative Forum begins

DUBAI: The Saudi Green Initiative Forum (SGI Forum) kicked off on Monday as COP28 continues to mobilize world leaders towards serious action against climate change. Held under the slogan “From Ambition to Action”, the 3rd edition of the forum will discuss critical sustainability, primarily energy transition, protecting the seas, and unlocking climate finance to enable … Read more

Rising human activity threatens space sustainability, warn experts at COP28

Experts laud Saudi private sector’s efforts in advancing sustainable development DUBAI: Experts on Sunday highlighted the positive role the private sector is playing in advancing sustainable development in Saudi Arabia. The progressive picture emerged through a series of panel discussions held at the Saudi Pavilion on the fourth day of the 2023 UN Climate Change … Read more

UNIDO expert highlights crucial steps for hydrogen economy transition at COP28

Startup Wrap – Saudi Arabia’s venture landscape receives influx of expanding startups CAIRO: Saudi Arabia’s entrepreneurial space is getting bigger with more startups raising funding and others expanding into the Kingdom. On the funding announcement front, Saudi-based business-to-business e-commerce startup Retailo has successfully raised $15 million in a new equity funding round, drawing the attention … Read more

Global leaders accelerate pace for decarbonization at COP28

DUBAI: Capitalizing on the positive momentum from the opening day of the UN Climate Change Conference in Dubai, global leaders, including heads of state and governments from over 117 countries, gathered at Expo City to set ambitious goals for transitioning toward more ecological and less carbon-intensive economies.   The boost to the mood was spurred … Read more

African nations seek fair climate financing at COP28

Startup Wrap – Saudi Arabia’s venture landscape receives influx of expanding startups CAIRO: Saudi Arabia’s entrepreneurial space is getting bigger with more startups raising funding and others expanding into the Kingdom. On the funding announcement front, Saudi-based business-to-business e-commerce startup Retailo has successfully raised $15 million in a new equity funding round, drawing the attention … Read more

COP28: 50 oil and gas companies sign charter to accelerate climate action in industrial sector

DUBAI: The US should participate, rather than being a “loud opponent,” in carbon pricing, urged the director of the International Monetary Fund.Addressing the Business and Philanthropy Climate Forum alongside the UN Climate Conference, Kristalina Georgieva affirmed that the US must not hinder the world from “moving in the right direction.” Instead, the country should explore … Read more

UAE leader meets US vice president, other leaders on sidelines of COP28 in Dubai

KHAN YUNIS, Palestinian Territories: At almost exactly the same time Israeli negotiators pulled out of deadlocked truce talks in Qatar on Saturday, Israeli jets sent a prestige Doha-funded housing development in the Gaza Strip up in smoke.Hamad City is named for the former emir of the Gulf petro-state, Sheikh Hamad bin Khalifa Al-Thani, who laid … Read more