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A window of hope to beat climate change

A window of hope to beat climate change
Hafed Al-Ghwell
Short Url
https://arab.news/g8zye
This year is quickly proving to be the world’s make or break moment for rigorous and comprehensive climate action. There are glimmers of hope, and the raft of climate focused summits is encouraging, if we discount a notorious aversion by the world’s worst polluters to commit to an even bolder agenda. For now, the response to the planetary threat posed by climate change has transitioned from ineffective debate to bold commitments and meaningful action.
In the Middle East, it has also created renewed impetus for economic diversification aimed at reducing the dependence on fossil fuels. As an extension of these reforms, there is also likely to be a redefining of social contracts, long delayed but necessary given the state’s expanded role, spurred by the pandemic and the worsening effects of climate change. ....

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Egypt's Sisi arrives in Baghdad for summit with Jordan and Iraq leaders

CAIRO: Egyptian President Abdel Fattah El-Sisi and Jordan’s King Abdullah II arrived in Baghdad on Sunday morning to participate in a tripartite summit alongside Iraqi Prime Minister Mustafa Al-Kadhimi aiming to strengthen ties between the three countries.
The summit will reflect their mutual desire to inaugurate a new phase of relations and frameworks of joint cooperation in security, economic, trade and investment.
Sisi has become the first Egyptian head of state to visit Iraq since 30 years, reflecting an improvement in relations between the two countries in recent years.
In talks with the Egyptian president, Salih stressed that restoring Iraq’s regional role was essential to the security, stability and development of the region. ....

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Bahrain's GFH buys FedEx logistics facility in the US

DUBAI: GFH Financial Group has acquired a FedEx leased warehousing and logistics facility in Ohio, US, as it scales up its global investments in the industrial sector. The Bahrain-listed group said the transaction was part of its strategy to invest in “high quality logistics assets in key distribution hubs,” especially amid a surge in the e-commerce scene. “An increase in ....

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Oman intensifies vaccination drive as coronavirus exhausts health sector

Iranian Embassy tweet fuels rumors after Hezbollah accused of ‘power grab’
Updated 27 June 2021
June 27, 2021 01:59
BEIRUT: Lebanese authorities have rejected suggestions that the country is planning to import oil from Iran amid a worsening energy and currency crisis.
Lebanon’s energy ministry on Saturday said that it had received no requests for a “permit, either from an official or private party, to import oil from Iran.”
The official Lebanese response followed a tweet by the Iranian Embassy in Beirut saying that “the arrival of Iranian oil tankers does not need the attention of the US ambassador.”
The embassy warned the US envoy not to intervene “in the brotherly relations between the Iranian and Lebanese peoples.” ....

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Mubadala's Yahsat aims to raise up to $810mn in Abu Dhabi IPO

DUBAI: State investor Mubadala’s satellite company Yahsat has set an indicative price range for its initial public offering which shows it could raise up to 2.976 billion dirham ($810 million) in the IPO, a newspaper advertisement showed. This will be the first major IPO of a company on the Abu Dhabi bourse since Abu Dhabi National Oil Co. Distribution was listed in 2017 and ....

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