Category Archives: Featured

Featured

UAE Reaffirms Support for Sustainable Finance and Climate Action Empowerment at COP28-G20

UAE Reaffirms Support for Sustainable Finance and Climate Action Empowerment at COP28-G20

On sidelines of FMCBG meetings

  • Developing financial structure for accessible and affordable sustainable finance
  • Exploring investment opportunities for climate action and private Sector financing
  • Reviewing the role of multilateral development banks in financing

Rio de Janeiro, Brazil, July 25, 2024:

His Excellency Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, has reaffirmed the UAE’s commitment to sustainable finance and collaboration with Brazil, the current Chair of G20, to achieve climate finance goals, emphasising that finance has been and is still key for enabling climate action.

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Featured

Brazil, at G20-COP28 event, joins Global Climate Finance Framework to align climate investment and drive socio-economic development

  • Brazil, the current G20 Presidency, today endorsed the UAE Declaration of Leaders on a Global Climate Finance Framework launched at COP28, building significant momentum towards developing a new international architecture for climate finance.
  • The Framework, launched by world leaders at last year’s COP28 in Dubai, sets out a 10-point plan to help make climate finance more available, accessible, and affordable. 
  • The announcement by Brazil, who will host COP30 in 2025, represents significant alignment between the G20 and COP agendas on sustainable finance, with Brazil being the sixth G20 country to endorse the Framework.
  • The endorsement “will advance the climate finance agenda” and “help align the agenda of the G20 and COP Presidencies,” said Majid Al Suwaidi, COP28 Director General.
  • To date, 15 countries have joined as signatories to the Framework, representing diverse constituencies and a significant share of global GDP.
  • The announcement was made at a sustainable finance event, co-hosted by G20 Presidency Brazil, the UAE COP28 Presidency and the Ministries of Finance of both countries.
  • The event brought together key stakeholders, including representatives from Multilateral Development Banks (MDBs), the private sector, and foundations, to   assess the linkages between the COP28 Global Climate Finance Framework and the G20 Brazil 2024 agenda on sustainable finance.
  • It also aims reinforce the relevance of the G20 deliverables this year to push for change and to strengthen the finance outcomes connecting COP and the G20 processes.
  • The Brazilian G20 Presidency has set an ambitious agenda on sustainable finance, well-placed in the G20 Sustainable Finance Working Group (SFWG), but also at the Task Force for Mobilization Against Climate Change, that is aligned to the principles of the COP28 Global Climate Finance Framework.
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Featured

Huawei Unveils Unbeatable Back-to-School Offers to Kickstart Your Academic Year

Huge Education Savings on Tablets, Laptops, and More with Exclusive Back-to-School Deals this School Season

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Like all good things, summer breaks too must come to an end. But as the excitement of thevacation fades, it’s your chance to embrace the thrill of learning.Equipping yourself with the right tools can make all the difference in your success. This back-to-school season is the perfect opportunity to set yourself up for a fantastic academic year with new gadgets that enhance your productivity. There’s no better time than now to grab the toolsthat will boost your confidence and help you stay ahead of the curve.

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Binance CEO on Ethereum ETFs Launch

Commentary on Ethereum ETFs by Richard Teng, CEO of Binance 

The launch of ETH spot ETF trading in the US marks yet another significant milestone for Ethereum and the broader digital asset market. This development builds on the positive momentum we have witnessed in the digital asset market this year, further solidifying the legitimacy and accessibility of cryptocurrencies.

Much like the US Bitcoin ETFs that launched in January, this first wave of US Ethereum ETFs will provide more avenues to a broader range of investors to access the asset. The introduction of these ETFs addresses key concerns around legitimacy, regulatory compliance, security, and accessibility, making Ethereum a more attractive investment option.

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talabat and Barakat to Distribute 30,000 Ice Creams to Delivery Riders This Summer

talabat, the region’s leading everyday delivery app, has collaborated with Barakat, the UAE’s leading produce brand, to distribute 30,000 ice creams to delivery riders this summer. The refreshing treats will be provided every Tuesday in Abu Dhabi and every Friday in Dubai until 31 August, helping riders rest, relax, and recharge with cool breaks between orders during the summer months.

The partnership forms part of talabat’s annual ‘Summer Together’ initiative for riders, which includes 25 easily-accessible, air-conditioned, noise-free rest areas across the UAE with access to water dispensers and mobile recharge stations. Outside of the dedicated rest areas, talabat is providing 49 talabat mart and cloud kitchen spaces across all emirates for riders to take breaks between orders.

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