Uae Financial News

12.12 / 01:55

Action Death President country reports Department NOT COP28 draft is "diplomatic-speak, not science-speak", misses fossil fuel phase-out, sparks criticism

COP28 climate summit, published on Monday, has drawn criticism for omitting the mention of phasing out fossil fuels, a key factor in the climate crisis. The removal of the call to abandon fossil fuels appears to be a concession to oil-producing nations opposing the measure, CNN reported. The latest draft urges countries to take action to diminish planet-warming pollution, potentially encompassing reductions in the consumption and production of oil, coal, and gas. Critics have decried the draft for its vague language and absence of concrete timelines.

11.12 / 16:43

Citi Mobile economy President show cover reports NOT CoP-28 is turning into a trade show and it is not necessarily a bad thing

There’s a common lament across the halls of Expo City Dubai, the 1,000-acre venue of CoP-28, the climate huddle: This event feels more like a slick trade show than an environmental summit. About 100,000 attendees—nearly three times the number who attended CoP-26 in Glasgow—are milling through the venue. Fossil fuel companies have more than 2,000 representatives in attendance, including Sultan Al Jaber, president of the conference and the chief executive officer of the Abu Dhabi National Oil Company, the UAE’s state-owned petroleum business.

11.12 / 13:53

Reuters Action President country Inside reports New COP28 draft deal stops short of fossil fuel 'phase out'

By Kate Abnett, Gloria Dickie and David Stanway

11.12 / 12:17

Fighting Death country reports recommendations Mint Explainer: Why the US vetoed a UN ceasefire vote on Israel-Palestine war

A fresh attempt at the UN Security Council to secure a ceasefire in the ongoing Israel-Palestine war met with failure after the United States vetoed a resolution. America’s lone objection has attracted much comment and criticism, even as the conflict continues to claim lives. Mint looks into the implications of the US’ decision.

11.12 / 10:33

Venture Capital Chainalysis Animoca Brands Venture Capital Crypto Fund C1 Eyes Australia for Bargains: Report

Venture Capital crypto fund C1 Fund has been meeting a number of Australian businesses offering to buy private holdings from investors, reports the Australian Financial Review.

11.12 / 08:15

Citi Target Waters President cover innovations 2020 On COP28 sidelines, Emirati 'green city' falls short of ambitions, still has lessons

A bold, innovative project begun nearly a generation ago to erect a “green-city” in the United Arab Emirates has run into realities and largely missed its mark

11.12 / 08:14

Target Manufacturing Action country innovations testing U.S. and UAE-backed initiative announces $9 billion more for agricultural innovation projects

A joint initiative from the United States and United Arab Emirates is announcing an additional $9 billion of funding to tackle agriculture’s role in the climate crisis

11.12 / 08:13

BLOCK Action President country Inside social stars Brazil's Lula takes heat on oil plans at UN climate talks, a turnaround after hero status last year

At last year's climate talks, then Brazilian President-elect Inacio Lula da Silva was received as a hero with chants of “Lula

11.12 / 08:13

Target Action Strategy Experts country reports Some nations want to remove more pollution than they produce. That will take giving nature a boost

As countries at the COP28 climate talks are wrangling over deadlines for lowering their carbon dioxide emissions, a Danish-led group of countries has decided to set the ultimate goal: to remove more CO2 from the atmosphere than they emit

11.12 / 08:13

Mobile Experts show track country travelers gatherings At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history

At UN climate talks, cameras are everywhere

11.12 / 08:13

Action economy Bill country stars reports prevention The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28

The European Union’s plan to impose a tax on the carbon pollution emitted to make goods imported from countries like India and China has sparked a debate at the United Nations climate conference in Dubai, as poorer countries argue that the tax will har...

09.12 / 14:39

Reuters Exodus President country gatherings Azerbaijan wins regional backing to host COP29 climate summit

during the COP28 summit in Dubai, unblocking a geopolitical deadlock over the next global gathering to address climate change. Two sources familiar with the discussions told Reuters countries in the regional group formally backed Azerbaijan's bid in a meeting on Saturday afternoon. ALSO READ: COP28: OPEC's 'leaked letter' leaves France, Spain 'stunned' and 'disgusted' | Here's why "We're very grateful to all countries in particular to the Eastern European group and the [COP28 summit] host United Arab Emirates for their support," the country's ecology minister Mukhtar Babayev told the COP28 summit.

09.12 / 03:29

Citi Fighting Southern Death hospital reports isolate Gaza fighting intensifies, US vetoes Security Council demand for ceasefire

Israel to do more to protect Palestinian civilians during a fierce offensive against Hamas militants across Gaza, even as Washington vetoed a U.N. Security Council demand for an immediate ceasefire. Fighting escalated and the Palestinian death toll rose on Friday, with Israel pounding the enclave from north to south in an expanded phase of the two-month-old war against the Islamist group Hamas.

09.12 / 01:15

Citi Reuters Fighting Death President reports isolate Updates Israel-Hamas War Day 64: US rejects UN resolution demanding immediate humanitarian cease-fire in Gaza | Top 10 updates

Gaza, around 70% of them including women and children, and wounded more than 46,000 so far, according to Palestine's health ministry reports. Here are the top 10 developments on this big story, 1) The US vetoed a United Nations resolution backed by almost all other Security Council members and dozens of other nations demanding an immediate humanitarian cease-fire in Gaza. Supporters called it a terrible day and warned of more civilian deaths and destruction as the war goes into its third month.

08.12 / 16:17

economy Align President country information shock Jack Mintz: Justin Trudeau’s existential problems with oil and gas

Talk at the latest climate-change shindig in Dubai has centred around the future of the oil industry and whether countries should pledge to phase out oil and gas production entirely or simply transform the industry in decades to come. Canada always talks a deep-green game at these affairs but are we really ready to nail shut the oil and gas coffin?

08.12 / 12:55

Progressive Google country innovations COP28: US-UAE climate-friendly farming effort grows to $17 billion

By Leah Douglas

08.12 / 11:06

Binance CZ compliance Binance Withdraws Application for Abu Dhabi License, Reassessing Compliance Needs

Binance has officially withdrawn its application for a financial license in Abu Dhabi, according to Reuters. This move is indicative of the exchange’s ongoing reassessment of its global operations and licensing requirements.

08.12 / 04:55

Binance Citizens CEO Continental CZ Department sentencing Binance Founder CZ to Await Sentencing in US; Judge Cites Wealth Abroad as Flight Risk Factor

A federal judge in Seattle has ruled that Changpeng Zhao, the founder and former CEO of Binance, must remain in the United States while awaiting sentencing on money laundering charges.

08.12 / 04:55

Phoenix Group acquires Phoenix Group Acquires $380 Million Worth of Green Mining Equipment from WhatsMiner

Phoenix Group, a United Arab Emirates Bitcoin mining firm, has disclosed a $380 million deal with WhatsMiner for hydro cooling mining equipment.

08.12 / 02:37

Binance Action Continental country Department guidelines sentencing Binance's former chief Changpeng Zhao has to stay in US until February sentencing

Binance chief Changpeng Zhao has to remain in the continental United States ahead of his sentencing for violating U.S. anti-money laundering laws, U.S. District Judge Richard Jones said on Thursday.

07.12 / 18:57

BLOCK Binance Digital Citizens CEO Nov show licence Binance withdraws Abu Dhabi licence bid as crypto giant weighs structure

Binance has withdrawn an application for an Abu Dhabi licence, the latest sign that the giant crypto exchange is reassessing its global structure as regulatory pressures mount. The Binance unit, called BV Investment Management, pulled the application with Abu Dhabi's financial regulator, a spokesperson for Binance said on Thursday.

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