COP27 climate talks dragged into the weekend after negotiators failed to agree on a final deal at the close on Friday, and African activists tried to hold on to dimming hopes that the event could bring meaningful changes to their continent.
"Global north countries... need to send the $100 billion (AED 367 billion) they promised," youth activist Kevin Mtai said at the summit.
Sudanese climate activist Nisreen Elsaim doubted the final outcome would satisfy the continent's needs.
"We still lack a lot of things," she said, scrolling through the programme on her phone. "(There is a) huge financing gap and the very major important agenda items for the African continent are still not there."
Others felt reassured that the summit took place in an African country and was headed by Egyptian Foreign Minister Sameh Shoukry.
"I'm hopeful, and I trust our African leaders to have a strong voice... to come out with some good financing and good resources for the African youth and African communities," activist Paul Kaluki said.
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
The UAE has launched an urgent humanitarian mission to assist communities affected by Hurricane Melissa, which devastated parts of Jamaica, Haiti and Cuba.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, looked at ways to advance cooperation with South Korea in key sectors during talks with President Lee Jae-myung in Gyeongju.