City Dubai Financial News
15.11 / 04:23
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International
Dubai International Airport, world's busiest, on track to beat 2019 pre-pandemic passenger figures
Dubai International Airport this year will eclipse the pre-pandemic passenger figures in 2019, showing the strong rebound in travel after the coronavirus pandemic and lockdowns that grounded aircraft worldwide, a top official said Wednesday. The airport, the world's busiest for international travel and home of the long-haul carrier Emirates, has had 64.5 million passengers pass through its cavernous concourses through the third quarter of this year. That puts it on track to reach 86.8 million passengers for the full year, which would exceed its 2019 figure of 86.3 million passengers.
15.11 / 00:53
FIVE
Action
Experts
country
outbreak
reports
Heat projected to kill nearly five times more people by 2050
climate change the «health of humanity is at grave risk». Lethal heat was just one of the many ways the world's still-increasing use of fossil fuels threatens human health, according to The Lancet Countdown, a major annual assessment carried out by leading researchers and institutions. More common droughts will put millions at risk of starving, mosquitoes spreading farther than ever before will take infectious diseases with them, and health systems will struggle to cope with the burden, the researchers warned. The dire assessment comes during what is expected to be the hottest year in human history — just last week, Europe's climate monitor declared that last month was the warmest October on record. It also comes ahead of the COP28 climate talks in Dubai later this month, which will for the first time host a «health day» on December 3 as experts try to shine a light on global warming's impact on health. Despite growing calls for global action, energy-related carbon emissions hit new highs last year, the Lancet Countdown report said, singling out still massive government subsidies and private bank investments into planet-heating fossil fuels. — 'Crisis on top of a crisis' — Last year people worldwide were exposed to an average of 86 days of life-threatening temperatures, according to the Lancet Countdown study.
14.11 / 22:47
Provident
Continental
Death
Experts
reports
'Heat-related deaths to surge 4.7-fold by mid-century'
heat-related deaths by mid-century, according to The Lancet's new global projections. According to its report, in 2022, individuals were, on average, exposed to 86 days of health-threatening high temperatures, of which 60% were made at least twice as likely to occur because of human-caused climate change. The researchers have blamed the «negligence» of governments, companies, and banks who continue investing in oil and gas for the crisis. «Our health stocktake reveals that the growing hazards of climate change are costing lives and livelihoods worldwide today.
14.11 / 22:47
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By 2030, world needs to cut emission by 43%: UN report
mitigation target are projected to be only 2% below those levels, shows a new UN synthesis report on countries' collective climate actions released on Tuesday. It highlights that peaking of global emissions will, however, occur within this decade. The synthesis report, released ahead of the upcoming UN climate conference (CO) in Dubai, also shows that while emissions will not increase after 2030, compared to 2019 levels, they are still «not demonstrating rapid downward trend» — a necessity of this decade to limit warming below the 'danger' level. Limiting temperature rise to 1.5 degrees Celsius by the end of this century is considered safe to avoid the worst impacts of climate change, including more frequent and severe droughts, heat waves and rainfall. The rise in earth's global average surface temperature, however, has already reached around 1.1 degrees C, higher than the pre-industrial average (1850-1900), and 2023 is already on track to be the warmest year on record.
14.11 / 20:01
BLOCK
Enterprise
Inside
social
information
reports
shock
‘FIRs false and baseless to block Religare deal’
Dabur group on Tuesday refuted the allegations of being involved in the Mahadev online betting app scam after members of the promoter family were named in two first information reports (FIR) filed within a week in Mumbai. A group spokesperson said the FIRs were “false and baseless", and part of an attempt to block the acquisition of Religare Enterprises Ltd. The first FIR, filed on 7 November, alleged that the Burmans, who co-own the IPL team Punjab Kings, are part of a cricket betting racket.
14.11 / 16:37
Target
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Action
Strategy
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reports
NDC Synthesis report, insufficient progress made to limit global temp rise to 1.5 degrees Celsius, CoP28 must set stage for immediate action
The report shows much more action is needed now to bend the world’s emissions trajectory further downward and avoid the worst impacts of climate change. “Today’s report shows that governments combined are taking baby steps to avert the climate crisis. And it shows why governments must make bold strides forward at CoP28 in Dubai, to get on track,” said the Executive-Secretary of UN Climate Change, Simon Stiell.
14.11 / 16:31
FIVE
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Latin
Big Oil Producer Lines Up African Carbon Deals Ahead of Climate Talks
One of the world’s biggest exporters of fossil fuels, the United Arab Emirates, is attempting to position itself as a leader in establishing global carbon markets as it prepares to host annual United Nations climate talks this month. Those efforts are coming under scrutiny as a company owned by one of the U.A.E.’s royal families prepares to secure rights to produce carbon credits from a giant expanse of African forest.
14.11 / 15:45
Ethereum
Ripple
Payments
regulation
Ripple exec reiterates need for tech-neutral crypto regulations
A Ripple executive has re-emphasized the need to adopt a technology-neutral approach for more effective and adaptable guardrails as global regulators grapple with cryptocurrency rules.
14.11 / 13:55
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President
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United Nations says world is ‘severely off track’ to limit global warming
climate impacts. The world was failing to act with sufficient urgency to curb greenhouse gas emissions, said the United Nations in a report released just weeks before high-stakes climate talks. Combined commitments from nearly 200 nations would see 2030 carbon emissions fall just 2% below 2019 levels.
14.11 / 09:17
Reuters
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performer
reports
Dubai's Emirates Airline calls off deal to buy Airbus A350 until Rolls Royce's engine is fixed
Trent XWB-97 engine. "It's a perfectly fine engine operated by many customers around the world. Tim does not operate it," he said while announcing an order from Egyptair for 10 smaller A350-900s.
14.11 / 08:33
Crypto.com
License
Crypto.com’s Dubai’s Subsidiary Secures License from VARA
Singapore-based Crypto.com’s subsidiary has secured a Virtual Assets Service Provider (VASP) License from Dubai’s regulator for specified crypto service activities.
14.11 / 06:27
business
Adoption
regulation
Crypto.com granted Dubai crypto license
Crypto exchange Crypto.com’s Dubai entity was granted a Virtual Assets Service Provider (VASP) license by the city’s regulator, pending operational approval.
14.11 / 05:28
Provident
Enterprise
Parke
country
Plan to construct $28-mn warehouse in UAE raises prospects of Indian rice & polymer exporters
UAE. The Singapore-headquartered transportation solutions enterprise, BoxcoWorld FZE, on November 1 inked a memorandum of understanding with Dubai-based global maritime major DP World to invest $28 million to construct a modern warehouse in the Jebel Ali Free Zone, a free trade zone in the UAE. The deal was signed by Abdulla Al Hashmi, COO of Parks & Zones, DP World, UAE Region, and Vir Kotak, Founder of BoxcoWorld. DP World is an multinational logistics company specialising in cargo logistics, port terminal operations, maritime services and free trade zones.
14.11 / 01:07
Citi
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Experts
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isolate
Indians dethrone British to become largest real estate investors in Dubai
real estate investors in the Dubai property market, playing a pivotal role in shaping the city's real estate market. The Betterhomes Residential Market Report showed Indians topping the nationalities list in the June and September quarters — up from No.
13.11 / 20:23
13.11 / 19:21
Target
Aviat
CEO
Airlines
Remark
audience
travelers
Lucid agrees to collaboration with Riyadh Air
Lucid Motors (NASDAQ:LCID) attended the Dubai Airshow where the electric automaker signed a memorandum of understanding (MOU) with Riyadh Air, combining their shared vision of sustainable transportation.
13.11 / 12:00
Reuters
Cooper
Browser
President
information
2020
recommendations
Israel weapons makers leave stands empty at Dubai Airshow
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13.11 / 11:47
event
Blockchain
Ripple
Bitcoin
Brad Garlinghouse jabs at maximalists: ‘It will be a multichain world’
While many participants in the crypto space continue to advocate for only a single blockchain, some believe that the future will be made up of multiple blockchains working with each other.
13.11 / 11:43
Ripple
SEC
Ripple CEO Brad Garlinghouse Criticizes SEC for Losing Focus on Investor Protection
Brad Garlinghouse, CEO of the US-based blockchain payments firm Ripple, has expressed strong criticism of the US Securities and Exchange Commission (SEC), accusing the agency of deviating from its core mission to protect investors.
13.11 / 10:49
IPO
Target
economy
WhatsApp
MSCI
country
recommendations
Goldman Sachs raises Indian shares to ‘overweight’ on growth, earnings momentum
Also Read: China's spending on green energy is causing a global glut The Wall Street brokerage expects India's real economic growth to be 6.5% in 2023 and 6.3% in 2024 - the highest among large economies in the region, but slightly below the Indian central bank's target of 6.5% for fiscal 2024. The benchmark Nifty 50 jumped about 31% between March 2021 and October 2023, a period during which domestic investors remained net buyers each month, helping tide over sustained sales by foreign investors.
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