Delegates at the Abu Dhabi Climate Meeting at Emirates Palace, Abu Dhabi, on Monday Chris Whiteoak / The National
Delegates at the Abu Dhabi Climate Meeting at Emirates Palace, Abu Dhabi, on Monday Chris Whiteoak / The National

The world is waiting to see tangible progress on climate issues



The UAE is currently hosting a high-level climate meeting, featuring the UN secretary general Antonio Guterres, who has expressed deep concern about the climate crisis and has called for world leaders to come up with concrete, realistic plans. The Abu Dhabi Climate Meeting will be a milestone ahead of the UN Climate Action Summit, to be held in New York in September.

Nigeria, being a member country with youth engagement and public mobilisation at its heart, one of the summit’s nine areas, has shown a commitment to mobilising people to take action on climate change and ensuring that young people are integrated and represented. At a youth pre-event briefing, Esther Agbarakwe of the office of the UN envoy on youth welcomed Nigeria’s delegates, including myself, and introduced us to colleagues from the Marshall Islands leading the youth engagement and public mobilisation track.

According to Samira Ibrahim, a Nigerian climate specialist who is part of the delegation, this event is very important for Nigeria. As she says, we are not here to just talk. Our job is to “show leaders that the ideas and initiatives of young people around the world are driving landmark climate actions. We want leaders to know the work that is being done, share feedback and make stronger commitments that will scale this climate action.”

The Abu Dhabi Climate Meeting is structured to evaluate and strengthen the initiatives, commitments and achievements that will be announced at the UN Climate Summit in September 2019, as well as to discuss key and emerging political barriers and opportunities for global climate action. The world is now holding its breath for tangible progress on climate change.

Seyifunmi Adebote, Abuja

Sudan needs a government that serves its people

I write in reference to your article Sudan crisis: Seven dead as protesters march on defence ministry (June 30): Hamza Handawi's article on the protests in Sudan was a good read. Decades of dictatorship and little development made the Sudanese demand a change in government (which caused the ousting of Omar Al Bashir) and the ongoing crisis is succinctly analysed in this piece. News that civilian protesters were killed by soldiers and many more were injured is tragic. It is high time for Sudan to have an elected government to properly serve its people. It is unlikely the protests will yield until that occurs.

K Ragavan, Bengaluru

Leading from the front makes this country great

Regarding your online story Sheikh Mohammed: worst  UAE government services to be named (July 1), the Ruler of Dubai has set the bar high for all and Inshallah, they will rise to the challenge.

Sheikh Mohammed, your morals, work ethic and values are what this country needs. When things come too easily, it is easy to take them for granted and become complacent.

R Saraiva, Dubai

Don't get fined

The UAE FTA requires following to be kept:

  • Records of all supplies and imports of goods and services
  • All tax invoices and tax credit notes
  • Alternative documents related to receiving goods or services
  • All tax invoices and tax credit notes
  • Alternative documents issued
  • Records of goods and services that have been disposed of or used for matters not related to business
COMPANY%20PROFILE
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COMPANY%20PROFILE
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The struggle is on for active managers

David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.

The firm’s main hedge fund fell 9 per cent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.

Greenlight posted some of the industry’s best returns in its early years, but has stumbled since losing more than 20 per cent in 2015.

Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Mr Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.

Greenlight, which posted gains only in May and October, underperformed both the broader market and its peers in 2018. The S&P 500 Index dropped 4.4 per cent, including dividends, while the HFRX Global Hedge Fund Index, an early indicator of industry performance, fell 7 per cent through December. 28.

At the start of the year, Greenlight managed $6.3 billion in assets, according to a regulatory filing. By May, the firm was down to $5.5bn. 

Results

4pm: Maiden (Dirt) Dh165,000 1,600m
Winner: Moshaher, Pat Dobbs (jockey), Doug Watson (trainer).

4.35pm: Handicap (D) Dh165,000 2,200m
Winner: Heraldic, Richard Mullen, Satish Seemar.

5.10pm: Maiden (Turf) Dh165,000 1,600m
Winner: Rua Augusta, Harry Bentley, Ahmad bin Harmash.

5.45pm: Handicap (D) Dh190,000 1,200m
Winner: Private’s Cove, Mickael Barzalona, Sandeep Jadhav.

6.20pm: Handicap (T) Dh190,000 1,600m
Winner: Azmaam, Jim Crowley, Musabah Al Muhairi.

6.55pm: Handicap (D) Dh190,000 1,400m
Winner: Bochart, Richard Mullen, Satish Seemar.

7.30pm: Handicap (T) Dh190,000 2,000m
Winner: Rio Tigre, Mickael Barzalona, Sandeep Jadhav.

THE BIO: Martin Van Almsick

Hometown: Cologne, Germany

Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)

Favourite dessert: Umm Ali with dark camel milk chocolate flakes

Favourite hobby: Football

Breakfast routine: a tall glass of camel milk

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

The years Ramadan fell in May

1987

1954

1921

1888

UNSC Elections 2022-23

Seats open:

  • Two for Africa Group
  • One for Asia-Pacific Group (traditionally Arab state or Tunisia)
  • One for Latin America and Caribbean Group
  • One for Eastern Europe Group

Countries so far running: 

  • UAE
  • Albania 
  • Brazil