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Sheikh Mohammed meets climate policy, space sector decision makers at COP28

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, met with senior officials and decision-makers from leading global agencies shaping climate policies and space programmes, on the sidelines of their participation in the Space Agencies Leaders’ Summit, at Expo City Dubai. The summit, the first of ...

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Global hopes to alleviate effects of ‘climate migration’ pinned on COP28

DUBAI / WAM With the rising waves of “climate migration” happening around the world, hopes are pinned on the ongoing 28th UN Climate Change Conference (COP28) held in Dubai to alleviate the impact of this phenomenon amid escalating concerns due to the increasing effects of climate change. Climate change is a significant driver of internal migration due to its effects ...

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Khalifa University unveils projects at COP28

DUBAI / WAM The 28th Conference of the Parties (COP28) provides a platform for universities and educational institutions to present their research contributions and innovations in climate action. The following report details the projects and innovations executed by research teams at Khalifa University. The university plays a prominent role in driving and accelerating innovation, boasting distinguished academic programmes, advanced research ...

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UAE’s Sustainable Trade Forum engages private-sector to deliver trade-led solutions at COP28

ABU DHABI / WAM The Ministry of Economy, in partnership with global fintech company Capital.com and leading Vietnamese electric vehicle producer VinFast, has hosted the Sustainable Trade Forum at COP28. A key component of the first ever Trade Day at a Conference of the Parties, the forum brought together global business and investment leaders to offer private-sector perspectives on global ...

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CBUAE, Bank Indonesia agree to expand joint cooperation

ABU DHABI/ WAM The Central Bank of the UAE (CBUAE) and Bank Indonesia (BI) exchanged of Memorandum of Understanding (MoU) aimed at expanding cooperation in several sectors between the two central banks. The MoU was signed by Khaled Mohamed Balama, Governor of CBUAE, and Perry Warjiyo, Governor of BI. Under this MoU, an extension of the already established framework of ...

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Arab Coordination Group allocates US$10 billion to support energy transition on sidelines of COP28

DUBAI/ WAM The Arab Coordination Group (ACG), a strategic alliance comprising regional and international development institutions, announced at COP28 an allocation of US$10 billion until 2030. This funding is meant to drive a comprehensive and affordable transition to renewable energy in developing countries. The commitment is an integral part of a strategic plan encompassing seven key points designed to expedite ...

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Emirati Field Hospital in Gaza starts receiving wounded Palestinians

GAZA/ WAM The Emirati Field Hospital in Gaza commenced its medical services on Sunday, welcoming its first two Palestinian patients suffering from severe fractures. The first case admitted to the hospital was 17-year-old Abdul Karim Wael, who was transferred from Abu Yousef Al Najjar Hospital in Gaza. He suffers from a fracture in the right ankle and an open wound ...

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UAE financial sector to mobilise AED 1 trillion in sustainable finance by 2030

ABU DHABI/WAM Coinciding with the UAE’s hosting of COP28, the Central Bank of the United Arab Emirates (CBUAE), in cooperation with the COP28 Presidency, today organised an event to facilitate global climate finance solutions and progress towards a sustainable future. During this global event, the UAE Banks Federation announced a significant initiative from the UAE banking sector to collectively mobilise ...

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