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The Academy will nurture the development of the language in Mauritania and beyond, bringing together an elite group of scholars dedicated to the cause.
The new headquarters of the Arabic Language Council in Nouakchott, Mauritania, was inaugurated on Monday under the patronage of Mauritania President Mohamed Ould Cheikh El Ghazouani, and through the contribution of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, and Supreme President of the Arabic Language Academy (ALA) in Sharjah.
Development of the Arabic language
Ahmed Sid Ahmed Dié, Mauritanian Minister of Culture, Youth, Sports and Relations with Parliament, presided over the ceremony, expressing gratitude for the generous contribution from Sheikh Dr. Sultan. The Academy in Mauritania will nurture the development of the Arabic language in Mauritania and beyond, bringing together an elite group of scholars dedicated to this noble cause.
The ceremony was also attended by several senior diplomatic and media figures, as well as heads of Arab language academies.
During the event, Mohamed Hassan Khalaf, an ALA Board of Trustees member and Director-General of the Sharjah Broadcasting Authority, conveyed a message to the community of linguists and researchers in Mauritania from the Ruler of Sharjah. He also spoke about the importance of supporting major scientific projects and continuous efforts to empower the Arabic language in various countries worldwide, highlighting the strong relationship between the UAE and the Mauritania.
Championing Islamic and Arabic culture
Ahmed Sid Ahmed Dié presented a commemorative shield to the Ruler of Sharjah, and was received by Mohamed Hassan Khalaf in appreciation of Sheikh Dr. Sultan’s efforts in championing Islamic and Arabic culture and language, in various countries around the world.
Dr. Khalil Al Nahwi, Chairman of the Arabic Language Council in Mauritania, delivered a speech congratulating the attendees, the entire Mauritanian population and all guardians of the Arabic language. He also reviewed the council’’s achievements over the past five years, praising the support it receives directly from the Ruler of Sharjah and the Arabic Language Academy in Sharjah.
Ahmed Sid Ahmed Dié, along with Mohamed Hassan Khalaf and Dr. Mohamed Safi Al Mosteghanemi, Secretary-General of ALA, unveiled a commemorative plaque marking the opening of the building before the ceremonial cutting of the ribbon, and was followed by a tour of the impressive building, designed in the Mauritanian architectural style.
Built with eco-friendly materials, the new headquarters consists of two floors and includes several administrative offices, study halls, meeting rooms, and an expansive library. The main building is accompanied by a hall named Al Qasimiya Hall to be used for seminars and events. The headquarters also houses a mosque that can accommodate more than 300 worshippers.
Situated in the University district on land provided by the Mauritanian government, the entire construction and furnishing of this significant establishment were funded by the Ruler of Sharjah.
Under the patronage of H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, Sharjah Centre for Islamic Economics (SCIE) at the university organised a ceremony to honour the winners of the Al Qasimia University Award for Islamic Economics Research, held in the university theatre, in the presence of the President of the University, members of the Board of Trustees, the University Rector, deans of colleges, and members of the Academic, and administrative bodies and students.
Professor Jamal Salem Al Tarifi, President of Al Qasimia University, honoured the award winners and congratulated them on the quality of research presented in Islamic economics studies.
Professor Dr. Awad Al Khalaf, Acting Chancellor of the University, expressed his highest thanks and gratitude to the Ruler of Sharjah, and founder of the University, for His Highness’s generous patronage of the award, as this sponsorship adds value to one of the most important scientific activities that contribute to the renaissance of the economic sector, and the dissemination of the principles and values of Islamic economics, according to scientific foundations, and qualitative scientific research taking into consideration the real need of building a solid economy that achieves UAE development.
The list of researchers included honouring Dr. Badr Al Zaman Khamqani, from the Republic of Algeria, winner in the field of economics, in his research entitled: “A proposed strategy to accelerate the pace of digital transformation in Islamic banks.” Dr. Ahmed Abdel Rahman Ahmed Al Majali, from the Hashemite Kingdom of Jordan, won in the field of law, in his research entitled: “blockchain technology compatibility with Islamic financial transactions.” Professor Dr. Aisha Muniza, from the Maldives, won in the field of economics, in her research entitled: “Development of a digital Islamic social stock exchange”.
Dr. Yasser Al Hosani, SCIE Director, announced the launch of the fourth edition of the award under the title “Smart Islamic Financial Engineering”.
President His Highness Sheikh Mohamed bin Zayed Al Nahyan today honoured the winners of the Zayed Sustainability Prize in a ceremony held as part of the UN Climate Change Conference (COP28) hosted by the UAE at Expo City Dubai.
The ceremony was attended by numerous heads of delegations participating in COP28, ministers, senior government officials, and prize winners and finalists.
His Highness congratulated the winners, praising their efforts in promoting sustainability and encouraging them to continue their important contributions in this field. His Highness emphasised that the UAE is steadfast in building upon its established legacy in sustainability, a foundation laid by the country’s Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan. In this regard, His Highness highlighted the significant role of the Zayed Sustainability Prize in advancing sustainable development, serving humanity, and empowering innovators, entrepreneurs, and youth to actively contribute towards making a positive difference for our planet.
The Zayed Sustainability Prize aims to perpetuate the legacy of the late Sheikh Zayed bin Sultan Al Nahyan by honouring and supporting small and medium enterprises, non-profit organisations, and secondary schools that offer sustainable solutions addressing challenges in health, food, energy, water, and climate. Over more than 15 years, the Prize has positively impacted the lives of 384 million people worldwide through the innovative solutions presented by its 106 winners.
The Zayed Sustainability Prize also focuses on promoting youth engagement in sustainability through its Global High Schools category, which encourages youth to play active roles in supporting their communities and leading future sustainability efforts. The winners in this category, numbering 47 global high schools, have positively impacted the lives of more than 55,186 students and 453,887 people in their local communities.
The eleven winners of this year’s edition were unanimously selected in September by the jury after a thorough review of all candidates to assess their contributions and commitment to presenting innovative, impactful, and inspiring solutions across various prize categories, including Health, Food, Energy, Water, Climate Action, and Global High Schools.
During the ceremony, Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, Director-General of the Zayed Sustainability Prize, and COP28 President, stated, “In line with the vision and direction of the leadership, the Zayed Sustainability Prize has been contributing to inclusive sustainable development and advancing climate action for over 15 years. Today, the UAE reaffirms its commitment to stimulating action to mitigate climate change impacts, empowering communities in need of support, and creating positive change in the world, especially in the Global South.”
The winners in the Climate Action category include Kelp Blue Namibia, recognised for its ambitious efforts in cultivating extensive seaweed forests in deep waters. The company has contributed to the restoration of ocean biodiversity and the sequestration of 100,000 tons of carbon dioxide from the atmosphere annually, in addition to creating job opportunities in coastal communities.
In the Health category, the Indonesian organisation DoctorSHARE was honoured for its pioneering work in delivering healthcare to remote and hard-to-reach areas through its floating hospitals. The organisation has made a widespread positive impact, treating more than 160,000 patients.
The Gaza Urban and Peri-Urban Agriculture Platform (GUPAP) from Palestine emerged as the winner in the Food category, commended for its contributions to supporting Gaza’s agricultural sector. This non-profit organisation facilitates access to locally produced food and has provided employment opportunities for about 200 women in agriculture, benefiting over 7,000 individuals.
In the Energy category, Ignite Power from Rwanda was recognised for its significant efforts in providing affordable electricity to remote communities in sub-Saharan Africa. The company has supplied solar power solutions to 2.5 million people through a pay-as-you-go model, thereby avoiding 600,000 tons of carbon dioxide emissions. They have also introduced innovative solar-powered irrigation solutions, creating 3,500 job opportunities in local communities.
For the Water category, the French non-profit organisation Eau Et Vie was awarded for ensuring access to clean water in impoverished areas by installing water taps directly in homes in urban regions. The organisation has facilitated water access for 52,000 people across 27 neighbourhoods in 10 cities, raised health practice awareness among 66,000 individuals, and reduced water costs by 75 percent.
The recipients of the Global High Schools awards are Colegio De Alto Rendimiento De La Libertad (Peru), representing the Americas; Gwani Ibrahim Dan Hajja Academy (Nigeria), representing sub-Saharan Africa; International School (Morocco), representing the Middle East North Africa; Northfleet Technology College (United Kingdom), representing Europe Central Asia; KORT Education Complex (Pakistan), representing South Asia; and finally, Beijing High School No. 35 (China), representing East Asia Pacific.
The Chair of the Jury and former President of the Republic of Iceland, Ólafur Ragnar Grímsson, said, “This year’s winners have demonstrated a remarkable wave of ingenuity in their solutions to address urgent global challenges. We have confidence that these winners will catalyse substantial and scalable change in communities worldwide, propelling us towards vital climate action objectives and forging a path to a sustainable future for all.”
On the opening day of the World Radiocommunication Conference (WRC23) held in Dubai, Eng. Mohammed Al Ramsi was appointed as the Chairman of the Conference. This decision underscores the prominent global position of the UAE, particularly in the ICT sector – a pivotal force driving development across diverse domains. It further attests to the proficiency and capability of the Emiratis in steering and presiding over major international forums and events.
This appointment marks the fulfillment of a decision made by the WRC during its previous session in Sharm El Sheikh, Egypt, in 2019. The decision involved hosting the UAE for WRC-23, recognised as one of the foremost global gatherings in the telecommunications sector, with a particular focus on radiocommunications. At that time, the conference also endorsed Eng. Mohammed Al Ramsi as a candidate for the chairmanship of the 39th session, which is presently taking place in the UAE.
Following the UAE’s successful bid to host the conference in 2019, Telecommunications and Digital Government Regulatory Authority (TDRA) initiated a comprehensive national plan in collaboration with various relevant government entities. This plan is built on two main pillars. The first pillar emphasises meticulous preparations to host the event at the highest standards, aligning with the country’s distinguished reputation and its history of successfully organising major international conferences. This approach aims to facilitate the mission of approximately 4,500 delegates representing 193 countries over the course of the four-week conference period.
The second pillar pertains to the preparations undertaken by Eng. Mohammed Al Ramsi, as a candidate for the chairmanship of the conference, with the aim of ensuring the success of this strategic mission. This pillar encompasses a series of global efforts and meetings geared towards achieving the conference’s objectives, particularly in updating the Radio Regulations. It involved conducting various tours to engage with groups representing different global regions under the International Telecommunication Union’s umbrella. Al Ramsi actively participated in negotiation and dialogues, fostering understanding and collaboration among countries and regional groups. The overarching goal is to establish consensus and understanding that will lead to successful decisions on matters related to radio frequencies and other pertinent issues during the ongoing conference sessions.
The nomination of Al Ramsi to chair the conference is rooted in his extensive history of accomplishments and responsibilities within the telecommunications sector. With over 20 years of experience, he has demonstrated expertise in network engineering, infrastructure and standards, central network planning, and the management of regulatory affairs. These cumulative experiences have culminated in his current role as the Deputy Director-General of TDRA.
Beyond his extensive telecommunications expertise, Al Ramsi possesses a well-rounded personality that has facilitated notable successes throughout his career. His global tours of various regions have seen him emerge as a unifying force, adept at fostering consensus on issues that may be points of contention among countries. With his skillful approach, he has achieved significant breakthroughs in the field, contributing to the ITU’s journey with unprecedented decisions, particularly amid the current global geopolitical circumstances.
The World Radiocommunication Conference (WRC) is one of the major event within the International Telecommunication Union (ITU), occurring every four years with the primary objective of revising the Radio Regulations – the international treaty governing the global use of spectrum. Each conference session marks the initiation of a new era, influencing subsequent developments, plans, and strategies in the fields of technology and digital transformation.
Al Ramsi commented on this appointment, saying, “The global consensus witnessed in the opening session, selecting an Emirati figure to chair one of the most significant and influential conferences in the international ICT sector, is a testament to the leading global position of the UAE. The swift approval of this appointment during the opening session further solidifies the UAE’s prominent position. Today, I feel a great responsibility dictated by my duty as an Emirati towards my country first, and towards the global responsibilities that result from this position.”
Al Ramsi added, “I derive my confidence in succeeding in this mission from the great support that I have received, and that every individual of this generous nation receives, which has made the people of the UAE demonstrate their presence with great merit in all international events and forums in which they have represented their country. Today, I affirm that being appointed to this position serves as a strong motivator for me to exert every conceivable effort in furthering the global mission of the UAE. This mission is encapsulated by “We the UAE 2031” vision and its pillars, positioning the UAE as a key advocate for international cooperation and an influential contributor to achieving global development goals for the benefit of humanity worldwide.”
The World Radiocommunication Conference is held in Dubai, UAE, from November 20th to December 15th 2023. Approximately 4,500 government officials from 193 countries, along with around 900 international organisations, universities, and companies worldwide, will be in attendance. The conference will host a series of sessions with the aim of achieving global consensus on radio communications and frequencies. The outcomes are anticipated to have far-reaching effects across sectors including manufacturing, space, health, education, and transportation.
This session of the WRC gains exceptional importance in light of the rapid changes in today’s world, particularly within the field of radical and emerging technologies that wield substantial influence in shaping the digital future and the evolution of smart cities. Numerous industrial strategies within the ICT products and technology depend on the outcomes of the conference, particularly in the establishment of globally endorsed regulations for radio frequencies.
As the host of this session, the UAE stands as the sole country globally to have hosted and chaired all conferences and events of the ITU, noting that this is the second occasion the UAE has chaired the WRC, with the initial instance occurring in 2012/
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, honoured winners of the Arab Reading Challenge 2023 at the concluding event of the 7th edition, which also saw awards granted to Community Champion, Outstanding Supervisor and Best School, as well as the People of Determination Champion.
His Highness Sheikh Mohammed bin Rashid honoured Abdullah Mohammad Abdullah Al Berri from Qatar, and Amnah Mohammad Al Mansoori from the UAE, who tied for the first place as the Arab Reading Champions 2023.
The challenge in its 7th edition saw a record participation of 24.8 million students from 46 countries, representing over 188,000 schools under the mentorship of around 150,000 supervisors.
Speaking to an audience of over 1,500 people attending the event at the Dubai Opera, His Highness Sheikh Mohammed bin Rashid stressed that the “Future welcomes those armed with knowledge. It resides inside of books. Those who read today will get to write chapters in the book of tomorrow.”
His Highness said, “We are thrilled to witness the competitive spirit among Arab students, and to have met a generation of young minds who believe books are the best way to build the future.
“Reading is the key to understanding ourselves and the world around us. It is the compass that has outlined the path of human civilization and will continue to be the driver to better human life. The Arab Reading Challenge continues to reveal bright Arab minds, capable of miraculous feats,” he added.
“We are proud of our Arab students and their commitment to the Arabic language. We deeply believe in their ability to preserve it and unlock endless horizons of knowledge. The UAE will always stand behind the Arab youth and help spread our Arab culture. This is a responsibility we all share.
“This year, we have 24.8 million champions, I congratulate you all, and thank all participating ministries of education and educators, as well as everyone who has contributed to this success. The Arab Reading Challenge is for everyone, because acquiring knowledge requires no permission,” His Highness Sheikh Mohammed concluded.
The event was attended by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council; H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance; H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior; Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority; and Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence.
Investing in People Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs, and Secretary-General of Mohammed bin Rashid Al Maktoum Global Initiatives, said that since its launch by His Highness Sheikh Mohammed bin Rashid Al Maktoum in 2015, the Arab Reading Challenge continues to evolve and break records, reflecting the visions of His Highness Sheikh Mohammed for investing in people, enabling the new generation to gain knowledge and encouraging them to read and enrich the Arab cultural scene. The initiative fosters a strong connection to the Arabic language and highlights its role as a key component of the Arab identity.
“Honouring the 7th Arab Reading Challenge Champions is an acknowledgment of excellence, perseverance and willpower of students, and of the dedication of tens of thousands of schools and educators.
“The Arab Reading Challenge will continue to grow in quality and quantity, further inspiring and impacting the lives of students who have grown more knowledgeable and more attached to their mother tongue. Just as addition of the People of Determination category this year represented a milestone, the Challenge will continue to introduce new ideas and updates that reflect its ambition and its mission,” Al Gergawi added.
Fierce Competition The final round of qualification for 1st place winners at witnessed fierce competition among the students who already passed several qualifiers, with Abdullah Mohammad Al Berri from Qatar and Amnah Mohammad Al Mansoori from the UAE emerging as joint Champions receiving the 1st place award of AED 500,000 each.
Naema Jehad Rajoub from Syria and Mohammad Walid Abdullatif from Egypt (Ministry of Education) tied for second place and received an award of AED 100,000 each.
People of Determination H.H. Sheikh Hamdan bin Mohammed Al Maktoum honoured winners of the newly added People of Determination Champion category, which saw the participation of 22,506 students. Yousuf bin Dawoud from Tunisia won 1st place and an award of AED 200,000, followed by Abdullah Ammar Mohammad Al Sayyed from Egypt (Ministry of Education) in second place, earning an award of AED 100,000, while Zaid bin Tariq Al Adi from Oman won 3rd place and an award of AED 50,000.
Community Champion H.H. Sheikh Hamdan bin Mohammed also honoured winners of the Community Champion category for students participating in the Arab Reading Challenge from non-Arab countries as well non-Arabs. The 1st place title was awarded to Mohammed Abdulraqib Ali Ahmed Al Kawkabani from Malaysia, who received an award of AED 100,000.
Maram Saddouqi from France came in 2nd place and received AED 70,000, while Hussain Mustafa Ihsan from Türkiye came in third and received AED 30,000.
Outstanding Supervisor The Outstanding Supervisor Award, presented by Sheikh Saif bin Zayed Al Nahyan, went to Samaher Al Sawaei from Jordan, who outshined 149,826 reading supervisors taking part in the 7th edition of the challenge and received a AED 300,000 award. Winners of the 2nd and 3rd places for this category are Fuad bin Medyef Al Talhi from KSA (winning an award of AED 100,000) and Noorah Al Shehhi from the UAE (winning an award of AED 50,000), respectively.
Best School His Highness Sheikh Mohammed bin Rashid Al Maktoum presented the King Abdullah II School for Excellence in Jordan with the Best School Award and an AED 1 million prize. It was followed by Saudi Arabia’s Mawaheb Al Watan School, which received an AED 500,000 award, while the Martyr Pilot Ali Mohammed Ali School from Egypt came in third place and received an award of AED 300,000.
With 100 percent student participation, the King Abdullah II School for Excellence has launched several initiatives to highlight the challenge and nurture the love of reading among its students, organised several meetings with authors, poets and intellectuals, and signed partnerships with Yarmouk University and other institutions to support its initiatives.
Tours for Knowledge The Arab Reading Challenge delegations visiting the UAE to attend the event had an extensive and enriching program that toured the emirate. The delegations visited the Mohammed bin Rashid Library and toured its various sections, learning about the millions of research works offered by the smart library to students and academics via the UAE’s largest database.
Another visit to the Global Village, a major family entertainment destination in Dubai, introduced the students to the myriad of cultures of the world through entertainment shows, craft displays and food. The delegations also visited Motion Gate, the Hollywood-inspired theme park and part of the Dubai Parks and Resorts.
Record Achievements The 7th Arab Reading Challenge builds on its success story since 2015, further contributing to the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum for preparing a future generation who loves reading and knowledge, capable of expressing their identity in Arabic and are keen on learning and using this rich language in their day-to-day interactions.
The Arab Reading Challenge also helps build a value system that encourages youth to learn about other cultures, which instils the principles of tolerance and coexistence, and opens the door for a global open dialogue.
The Zayed Sustainability Prize, the UAE’s pioneering global sustainability and humanitarian award, has announced this year’s finalists following a deliberation by its esteemed Jury.
The winners will be announced at the Zayed Sustainability Prize Awards Ceremony on 1st December during the 28th Conference of the Parties (COP28) of the UN Framework Convention on Climate Change, to be held from 30th November to 12th December.
The Zayed Sustainability Prize’s Jury elected the 33 finalists from 5,213 entries received across six categories: Health, Food, Energy, Water, Climate Action and Global High Schools – a 15 percent increase in submissions compared to last year. The new Climate Action category, introduced to mark the UAE’s Year of Sustainability and hosting of COP28 UAE, received 3,178 nominations.
From Brazil, Indonesia, Rwanda and 27 other countries, the finalists represent small and medium sized businesses, nonprofit organisations and high schools, and reflect the Prize’s growing mandate to reward innovations that transcend borders and tackle pressing global challenges.
Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, COP28 President-Designate and Director-General of the Zayed Sustainability Prize, said the finalists exemplify the remarkable ingenuity and unwavering commitment to shaping a more sustainable and resilient future for our planet.
Dr. Al Jaber added, “The Zayed Sustainability Prize carries forward the enduring legacy of UAE’s visionary leader, Sheikh Zayed, whose commitment to sustainability and humanitarianism continues to inspire us. This legacy remains the guiding light of our nation’s aspirations, propelling us forward in our mission to uplift communities around the globe. Over the past 15 years, the Prize has been a powerful force for positive change, transforming the lives of over 378 million people across 151 countries. We have incentivised solutions that are driving climate and economic progress in some of the world’s most vulnerable regions.
“This cycle, we received a record-breaking number of submissions from every continent. The innovations put forth by the finalists reflect a profound dedication to inclusivity and an unyielding resolve to bridge critical gaps. These solutions directly align with the four pillars of the COP28 UAE agenda: fast-tracking a just and equitable energy transition, fixing climate finance, focusing on people, lives and livelihoods and underpinning everything with full inclusivity. The work of these sustainability pioneers will contribute practical solutions for climate progress that protect the planet, improve livelihoods, and save lives.”
Through the Prize’s 106 winners to date, 11 million people have gained access to safe drinking water, 54 million homes have gained access to reliable energy, 3.5 million people have gained access to more nutritious food, and over 728,000 people have gained access to affordable healthcare.
Ólafur Ragnar Grímsson, Chair of the Prize Jury, said, “As global challenges continue to mount, our newest group of Prize finalists reveal the extraordinary efforts being made worldwide to meet the needs of the moment with purpose and innovation – inspiring hope for a brighter future. Whether it’s restoring the ocean wilderness, using technology to ensure better, more sustainable farm yields, or driving change for individuals without access to affordable healthcare, these innovators are transforming our world.”
The Health finalists are: • Alkion BioInnovations is an SME from France that specialises in supplying cost effective and sustainable active ingredients for large-scale pharmaceuticals and vaccines. • ChildLife Foundation is an NPO from Pakistan that employs an innovative Hub & Spoke healthcare model, linking Emergency Rooms as hubs to telemedicine satellite centres. • doctorSHARE is an NPO from Indonesia dedicated to expanding healthcare access in remote and inaccessible regions using barge-mounted floating hospitals.
The Food finalists are: • Gaza Urban & Peri-urban Agricultural Platform is an NPO from Palestine that empowers female agripreneurs in Gaza to achieve food security in their communities. • Regen Organics is an SME from Kenya that specialises in a municipal-scale manufacturing process that produces insect-based protein for livestock feed and organic fertiliser for horticultural production. • Semilla Nueva is an NPO from Guatemala that specialises in the development of biofortified maize seeds.
The Energy finalists are: • Husk Power Systems is an SME from the United States of America that deploys AI-enabled minigrids that provide 24/7 renewable energy to homes, micro enterprises, health clinics, and schools. • Ignite Power is an SME from Rwanda that specialises in delivering solar powered pay-as-you-go solutions to electrify last mile communities. • Koolboks is an SME from France that provides off-grid solar refrigeration solutions with integrated Internet of Things (IoT) monitoring for last mile communities, through a lease-to-own sales model.
The Water finalists are: • ADADK is an SME from Jordan that employs wireless smart sensors that use machine learning and augmented reality for the detection of both visible and hidden water leaks. • Eau et Vie is an NPO from France that offers individual taps to the homes of impoverished urban residents, ensuring access to clean water in slum areas. • TransForm is an NPO from Denmark that employs innovative soil filter technology for the cost-effective treatment of wastewater, sewage, and sludge without relying on energy or chemicals.
The Climate Action finalists are: • CarbonCure is an SME from Canada that specialises in carbon removal technology. They inject CO₂ into fresh concrete, effectively reducing its carbon footprint while maintaining performance standards. • Foundation for Amazon Sustainability is an NPO from Brazil that is dedicated to implementing projects and programmes that advance environmental conservation and empower indigenous communities to protect their rights. • Kelp Blue is an SME from Namibia that contributes to the restoration of natural ocean wilderness and the mitigation of excess CO₂ by establishing large-scale giant kelp forests in deep waters.
The Global High Schools’ finalists presented project-based, student-led sustainability solutions, with finalists divided into 6 regions. The regional finalistsinclude:
The Americas: Colegio De Alto Rendimiento La Libertad (Peru); Liceo Baldomero Lillo Figueroa (Chile); and New Horizons School (Argentina). Europe and Central Asia: Northfleet Technology College (United Kingdom); Presidential School in Tashkent (Uzbekistan); and Split International School (Croatia). Middle East & North Africa: International School (Morocco); JSS International School (United Arab Emirates); and Obour STEM School (Egypt). Sub-Saharan Africa: Gwani Ibrahim Dan Hajja Academy (Nigeria); Lighthouse Primary and Secondary School (Mauritius); and USAP Community School (Zimbabwe). South Asia: India International Public School (India); KORT Education Complex (Pakistan); and Obhizatrik School (Bangladesh). East Asia and the Pacific: Beijing No. 35 High School (China); Swami Vivekananda College (Fiji); and South Hill School, Inc. (The Philippines).
In the Health, Food, Energy, Water and Climate Action categories, each winner receives US$600,000. Each of the six winning Global High Schools receives up to US$100,000.
source/content: wam.ae (headline edited0
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أبوظبي في 12 سبتمبر /وام/ أعلنت جائزة زايد للاستدامة، الجائزة العالمية الرائدة التي أطلقتها دولة الإمارات لتكريم حلول الاستدامة المبتكرة، عن المرشحين النهائيين لدورتها لهذا العام بعد مداولات أعضاء لجنة التحكيم.
وسيتم الإعلان عن الفائزين في حفل توزيع الجوائز الذي تعقده الجائزة يوم الأول من ديسمبر القادم خلال مؤتمر الدول الأطراف في اتفاقية الأمم المتحدة الإطارية بشأن تغير المناخ “COP28” الذي تستضيفه دولة الإمارات في الفترة الممتدة من 30 نوفمبر إلى 12 ديسمبر المقبلين.
واختارت اللجنة 30 مرشحاً ضمن ست فئات تشمل الصحة والغذاء والطاقة والمياه والعمل المناخي والمدارس الثانوية العالمية.
كانت الجائزة قد تلقت هذا العام 5,213 طلب مشاركة، محققةً بذلك زيادة بنسبة 15 في المائة مقارنة بالدورة الماضية.. واستقطبت فئة العمل المناخي وحدها والتي تم استحداثها مؤخراً تزامناً مع عام الاستدامة في دولة الإمارات والاستعدادات لاستضافة مؤتمر(cop28) حوالي( 3,178) مشاركة.
تضم قائمة المرشحين النهائيين مؤسسات صغيرة ومتوسطة ومنظمات غير ربحية ومدارس ثانوية من البرازيل وإندونيسيا ورواندا و27 دولة أخرى، ما يعكس الانتشار العالمي المتنامي للجائزة وسعيها المستمر لتكريم الابتكارات التي تواجه التحديات العالمية الملحة في مختلف بقاع الأرض.
وبهذه المناسبة، قال معالي الدكتور سلطان بن أحمد الجابر، وزير الصناعة والتكنولوجيا المتقدمة، الرئيس المعيّن لمؤتمر الأطراف (COP28)، مدير عام جائزة زايد للاستدامة: “تواصل الجائزة إحداث تأثير إيجابي ملموس والارتقاء بالمجتمعات حول العالم تماشياً مع رؤية القيادة الرشيدة واستلهاماً لإرث الوالد المؤسس الشيخ زايد بن سلطان آل نهيان، طيب الله ثراه، في مجالات الاستدامة والعمل الإنساني.. وعلى مدار السنوات الخمس عشرة الماضية، أسهمت الجائزة في تحسين حياة أكثر من 378 مليون شخص في 151 دولة، وذلك من خلال تكريم ودعم الحلول المبتكرة القادرة على دفع التنمية الاقتصادية ومواجهة أزمة المناخ، لا سيما في المجتمعات الأكثر تأثراً بتداعيات تغير المناخ”.
وأضاف: “تلقت جائزة زايد للاستدامة في هذه الدورة عدداً قياسياً من المشاركات من كل القارات، وتقدم الابتكارات المقترحة من قبل المرشحين النهائيين حلولاً فعالة لمجموعة من التداعيات الملحة الناجمة عن تغير المناخ، ما يعكس الالتزام الراسخ للجائزة بإحداث تغيير واسع النطاق لبناء مستقبل أكثر استدامة ومرونة لكوكبنا.. وتنسجم الحلول المتأهلة مع الركائز الأربع للأجندة المناخية التي تسعى دولة الإمارات لتحقيقها خلال استضافتها لمؤتمر الأطراف (COP28) والهادفة إلى تسريع تحقيق انتقال منظم ومسؤول وعادل في قطاع الطاقة، وتطوير أداء التمويل المناخي، والحفاظ على البشر وتحسين الحياة وسُبل العيش، وضمان احتواء الجميع بشكل تام”.
وأسهمت الجائزة من خلال الفائزين بدوراتها السابقة، والبالغ عددهم 106 فائزين، في تمكين 11 مليون شخص من الوصول إلى مياه الشرب المأمونة، وإيصال إمدادت الطاقة النظيفة إلى 54 مليون منزل، وحصول 3.5 مليون شخص على الأطعمة المغذية، وتوفير الرعاية الصحية ميسورة التكلفة لأكثر من 728 ألف شخص.
من جانبه، قال فخامة أولافور راغنار غريمسون، رئيس لجنة تحكيم الجائزة: “تعكس الحلول المقدمة من المرشحين النهائيين لهذا العام الجهود الاستثنائية التي يتم بذلها في جميع أنحاء العالم لتسخير الابتكار بهدف تلبية الاحتياجات الراهنة الملحة في ظل تنامي التحديات المناخية، ما يبرهن على الدور المستمر للجائزة في تغيير العالم نحو الأفضل من خلال توفير منصة داعمة لرواد الاستدامة.. وتميزت الحلول بالابتكار والتنوع وشملت مجموعة مختلفة من التحديات بما في ذلك استعادة الحياة البرية في المحيطات، واستخدام التكنولوجيا لزيادة وتعزيز استدامة إنتاجية المحاصيل الزراعية، وتحسين الوصول إلى خدمات الرعاية الصحية ميسورة التكلفة في المجتمعات الأشد حاجة لها”.
وشملت قائمة المرشحين النهائيين عن فئة الصحة كلاً :.
– من “ألكيون بيو إنوفيشنز”، وهي من فئة المؤسسات الصغيرة والمتوسطة في فرنسا متخصصة في إنتاج مكونات نشطة مستدامة وفعالة من حيث التكلفة للأدوية واللقاحات المستخدمة على نطاق واسع.
– “تشايلد لايف فاونديشن”، وهي منظمة غير ربحية في باكستان تستخدم نموذج الرعاية الصحية المبتكر (Hub and Spoke) لربط غرف الطوارئ مع بعضها البعض وبالمراكز التي تقدم خدمات التطبيب عن بعد عبر الأقمار الصناعية.
– مؤسسة الأطباء للرعاية “doctorSHARE”، وهي منظمة غير ربحية في إندونيسيا تعمل على توسيع نطاق خدمات الرعاية الصحية لتصل إلى المناطق النائية باستخدام المستشفيات العائمة المحمولة على السفن.
وشملت قائمة المرشحين النهائيين عن فئة الغذاء كلاً من:.
– منتدى غزة للزراعة الحضرية، وهو منظمة غير ربحية في فلسطين تهدف إلى تمكين رائدات الأعمال في القطاع الزراعي في غزة لتعزيز الأمن الغذائي في مجتمعاتهن.
– “ريجين أورجانيكس”، وهي من فئة المؤسسات الصغيرة والمتوسطة في كينيا وتعمل على إنتاج البروتين المشتق من الحشرات لتغذية الماشية، والأسمدة العضوية لإنتاج المحاصيل البستانية.
– “سيميلا نويفا”، وهي منظمة غير ربحية في غواتيمالا متخصصة في إنتاج بذور الذرة المدعّمة.
شملت قائمة المرشحين النهائيين عن فئة الطاقة كلاً من:.
– “هاسك باور سيستم”، وهي من فئة المؤسسات الصغيرة والمتوسطة في الولايات المتحدة الأمريكية، وتعمل على نشر شبكات صغيرة مدعمة بالذكاء الاصطناعي لتوفير الطاقة المتجددة على مدار الساعة للمنازل والمؤسسات الصغيرة والعيادات الصحية والمدارس.
– “إغنايت باور”، وهي من فئة المؤسسات الصغيرة والمتوسطة في رواندا، وتقدم حلول الشراء بنموذج الدفعات الدورية (go-you-as-pay) بالاعتماد على الطاقة الشمسية لإمداد المجتمعات بطاقة الكهرباء.
– “كولبوكس”، وهي من فئة المؤسسات الصغيرة والمتوسطة في فرنسا، وتوفر من خلال نموذج التأجير المنتهي بالتمليك حلول التبريد بالطاقة الشمسية والمدعومة بنظام مراقبة قائم على تقنية إنترنت الأشياء (IoT) في المجتمعات غير المتصلة بشبكة الكهرباء.
وشملت قائمة المرشحين النهائيين عن فئة المياه كلاً من:.
– “عدادك”، وهي من فئة المؤسسات الصغيرة والمتوسطة في الأردن، وتستخدم أجهزة استشعار ذكية لاسلكية مدعومة بتقنيات “تعلّم الآلة” والواقع المعزز للكشف عن تسربات المياه المرئية والمخفية.
– “الماء والحياة” (Eau et Vie) هي منظمة غير ربحية في فرنسا، توفر صنابير مياه لمنازل الأسر الفقيرة في المناطق الحضرية، لتضمن بذلك إمكانية الوصول إلى المياه النظيفة في الأحياء العشوائية الفقيرة.
– “ترانسفورم” هي منظمة غير ربحية في الدنمارك، تستخدم تقنية ترشيح مبتكرة للتربة لمعالجة مياه الصرف الصحي والمجاري والرواسب الصلبة دون الاعتماد على الطاقة أو المواد الكيميائية.
و شملت قائمة المرشحين النهائيين عن فئة العمل المناخي كلاً من:.
– “كاربون كيور”، وهي من فئة المؤسسات الصغيرة والمتوسطة في كندا، والمتخصصة بتقديم حلول إزالة الكربون.. ويتضمن حلّها حقن ثاني أكسيد الكربون في الخرسانة أثناء مرحلة الإنتاج مما يقلل من حجم الانبعاثات بصورة فعالة دون التأثير على معايير الكفاءة والأداء.
– “مؤسسة استدامة الأمازون” هي منظمة غير ربحية في البرازيل، وتنشط في تنفيذ المشاريع والبرامج التي تسهم في الحفاظ على البيئة وتمكين الأفراد من حماية حقوقهم.
– “كيلب بلو”، وهي من فئة المؤسسات الصغيرة والمتوسطة في ناميبيا، والتي تسهم في استعادة الموائل الطبيعية في المحيطات والحد من فائض ثاني أكسيد الكربون في الغلاف الجوي.
أما المرشحون النهائيون عن فئة المدارس الثانوية العالمية فقد قدموا حلولاً مستدامة قائمة على مشاريع يقودها الطلاب وتم تقسيم المتأهلين إلى 6 مناطق جغرافية.. وشملت قائمة المرشحين النهائيين عن هذه الفئة كلاً من:.
– منطقة الأمريكيتان: مدرسة الحرية للأداء العالي “Colegio De Alto Rendimiento De La Libertad” (بيرو)، مدرسة “ليثيو بالدوميرو ليلو فيغيروا” (تشيلي)، “مؤسسة أوزوريس – مدرسة نيو هورايزنز” (الأرجنتين).
– منطقة أوروبا وآسيا الوسطى: “معهد نورث فليت تكنولوجي” (المملكة المتحدة)، المدرسة الرئاسية في طشقند (أوزبكستان)، مدرسة سبليت الدولية (كرواتيا).
– منطقة الشرق الأوسط وشمال أفريقيا: المدرسة الدولية (المغرب)، “جيه إس إس الدولية” (الإمارات)، مدرسة المتفوقين للعلوم والتكنولوجيا بالعبور (مصر).
– منطقة إفريقيا جنوب الصحراء الكبرى: “أكاديمية جواني ابراهيم دان هاجا” (نيجيريا)، مدرسة “لايت هاوس الابتدائية والثانوية” (موريشيوس)، “مدرسة يوساب المجتمعية” (زيمبابوي).
– منطقة جنوب آسيا: مدرسة الهند الدولية العامة (الهند)، مجمع كورت التعليمي (باكستان)، مدرسة أوبهيزاتريك (بنغلاديش).
– منطقة شرق آسيا والمحيط الهادئ: “مدرسة بكين 35 الثانوية” (الصين)، “كلية سوامي فيفيكاناندا” (فيجي)، “ساوث هيل” (الفلبين).
ويحصل كل فائز ضمن فئات الصحة والغذاء والطاقة والمياه والعمل المناخي على 600 ألف دولار، فيما تحصل كل مدرسة من المدارس الثانوية العالمية الست الفائزة على ما يصل إلى 100 ألف دولار.
Dubai Electricity and Water Authority (DEWA)’s Research and Development (R&D) Centre has filed a new patent for an innovative method for improving the performance of electrodes in lithium-ion (Li-ion) batteries, sodium–sulfur batteries, and electrolyte distribution batteries.
This is achieved by treating the electrodes chemically using a polymer to increase the number of active groups on the surface of the electrodes, which leads to improving their performance. The low-cost, environmentally friendly method requires low temperatures and ensures stable battery performance. This is part of the centre’s efforts to promote the technologies of energy production and storage.
The patent supports the pilot project for energy storage that DEWA has inaugurated at the Mohammed bin Rashid Al Maktoum Solar Park using Tesla’s lithium-ion battery solution. The project has a power capacity of 1.21 MW and an energy capacity of 8.61 MWh with a life span of up to 10 years. This pilot project is the second battery energy storage pilot project by DEWA at the solar park. The first project was implemented in collaboration with AMPLEX–NGK to install and test a sodium sulphur (NaS) energy solution with a power capacity of 1.2 MW and an energy capacity of 7.5 MWh. This was the first utility-scale energy storage pilot project in the region.
Saeed Mohammed Al Tayer, MD & CEO of DEWA, said, “Our strategies and plans are inspired by the vision and directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to ensure energy security and sustainability, as well as improve energy efficiency. DEWA relies on research and innovation to support the development of energy storage technologies and increase the share of clean and renewable energy. This supports the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050 to provide 100 percent of Dubai’s total power production capacity from clean energy sources by 2050. DEWA is working on other energy storage projects, including using Concentrated Solar Power (CSP) at the 4th phase of the Mohammed bin Rashid Al Maktoum Solar Park, the 250MW hydroelectric power plant in Hatta with a storage capacity of 1,500 megawatt-hours, and the Green Hydrogen project to produce and store hydrogen using solar power.”
“DEWA’s R&D Centre is a global platform that provides innovative solutions and technologies for the operations and services of the utility sector worldwide. This maintains DEWA’s worldwide leadership and enhances Dubai’s position as a global hub for research and development in solar power, smart grids, water, energy efficiency, and capacity building in these sectors. The R&D Centre improves the services provided by DEWA to customers by developing the latest technologies and sustainable solutions for energy and water and conducting applied research,” Al Tayer continued.
“The R&D Centre at the Mohammed bin Rashid Al Maktoum Solar Park enriches the scientific community in the UAE and the world. This is through disseminating knowledge and nurturing the talent of Emirati researchers,” Waleed bin Salman, Executive Vice President of Business Development and Excellence at DEWA, added.
Abu Dhabi National Oil Co. has bought a 30 percent stake in Azerbaijan’s Absheron gas and condensate field in a further extension of bilateral energy partnership between the UAE and the Asian country.
The State Oil Company of Azerbaijan, known as SOCAR, and TotalEnergies both have 35 percent shares in the field.
The investment is part of ADNOC’s growth strategy to meet growing global demand for lower-carbon energy, and the first gas from Absheron was successfully delivered in early July 2023, according to press release from the firm.
As part of their expanding partnership, ADNOC and SOCAR also signed a memorandum of understanding that will see both companies evaluate potential areas of collaboration across renewable energy, low carbon solutions and upstream projects in the UAE, Azerbaijan and internationally.
Musabbeh Al-Kaabi, executive director of low carbon solutions and international growth at ADNOC, said: “We believe this strategic partnership with SOCAR and TotalEnergies, unlocks the potential of the Caspian region for decades to come, and complements a broader energy collaboration between the UAE and Azerbaijan that will accelerate the growth of the global renewable energy sector, as both countries take bold steps to transition towards a lower-carbon future.”
SOCAR President Rovshan Najaf praised Azerbaijan’s “favorable investment climate” for attracting foreign investors in the energy sector.
He added: “This particular deal underscores our commitment to strengthening the relations with our partners and reaffirms Azerbaijan’s position as a reliable partner in the energy sector. We are excited to embark on this journey with ADNOC along with TotalEnergies, building upon our shared vision and complementary strengths.”
In March, ADNOC offered with BP to jointly acquire 50 percent of Israeli offshore natural gas producer NewMed Energy for about $2 billion, marking their entry into Israel’s growing energy sector.
The firm has sharpened its focus on the gas market as competition for liquefied natural gas has ramped up following Russia’s invasion of Ukraine in February 2022, with Europe in particular needing large amounts to help replace gas piped from Russia.
ADNOC listed its gas business in March after raising $2.5 billion from an initial public offering, which was the world’s biggest in the first quarter.
The General Council of the WTO has elected Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, as Chair of the World Trade Organisation’s 13th Ministerial Conference (MC13).
The Ministerial Conference, attended by leading representatives from the 164 countries and customs blocs that make up the WTO, will take place in Abu Dhabi in February 2024.
MC13 comes at a critical time for world trade, and the conference will build on the outcomes of MC12, review the performance of the multilateral trading system, make decisions on the future work of the WTO, and set up the roadmap for MC14.
“This is a pivotal moment for world trade,” commented Al Zeyoudi. “As a Ministerial Conference, we have to tackle pressing issues and challenges, consider all the forces shaping the future of trade and come up with clear solutions, and challenge ourselves to take actionable decisions that move the needle on making trade more efficient, inclusive and sustainable.
“At the heart of all of this is the need to modernise trade and embed technology across supply chains, and we look forward to working closely with all the members of the WTO to make real progress at MC13. Our goal must be driving forward momentum for more change at the conference in Abu Dhabi next year, but also in the years to come, and I have the utmost confidence in our collective ability to make this happen.”
The announcement was made during the WTO General Council in Geneva, Switzerland, where he met with the WTO Director-General, Ngozi Okonjo-Iweala.
During their meeting they discussed the preparations for MC13, in addition to the landmark inclusion of trade as a thematic day at COP28, which is set to take place in Dubai later this year.
Dr. Thani delivered his first address as Chair at the General Council, where he stressed the importance of building resilient trade frameworks to tackle today’s challenging landscape.
In his address, he called for focused and decisive deliberations amongst WTO members ahead of MC13, and commented, “Trade policy extends far beyond the scope of trade itself; it is about shaping our common future. It is our collective responsibility to contribute to a predictable, rules-based, and open trade and investment environment that creates prosperity for all – and this is precisely why the success of MC13 is so imperative.”
Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, rang the market-opening bell to celebrate and mark listing the domestic Dirhams Islamic Treasury Sukuk (T-Sukuk) on Nasdaq Dubai.
The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer and in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, has announced launching dirham-denominated Islamic Treasury Sukuk (T-Sukuk), with a benchmark auction size of AED1.1 billion.
The launching of Dirham-denominated Islamic Treasury Sukuk (T-Sukuk) includes a series of issuances, in order to attract a new category of investors and support the sustainability of economic growth.
Total issuance of AED1.1 billion
The issuance of T-Sukuk is aimed at enhancing the UAE’s economic competitiveness by providing high-quality Islamic assets at competitive prices. This will support the Central Bank of the UAE in managing liquidity within the banking sector and boosts the size of financial investments, which will reflect positively on the country’s economy, investment environment, per capita income, and gross national income.
The bell-ringing ceremony was attended by a number of senior officials from the Ministry of Finance, Central Bank of the UAE, Nasdaq Dubai, and the CEOs of the eight banks that were onboarded as primary dealers, in addition to other senior officials from various relevant authorities.
The inaugural issuance of the Dirham-denominated Islamic Treasury Sukuk programme witnessed a strong demand through the eight primary bank dealers, with bids received worth AED8.3 billion, and an oversubscription by 7.6 times.
The strong demand was across both tranches, with a final allocation of AED550 million for the two-year tranche, and AED550 million for the three-year tranche, with a total issuance of AED1.1 billion. Other tranches of Islamic Treasury Sukuk will be issued with various tenures of up to five years initially, followed by a 10-year sukuk at a later date.
Reaffirming UAE’s position in Islamic economy
Al Hussaini noted that issuing the T-Sukuk contributes to expanding the scope of Islamic banking and is one of the most important tools for managing monetary policy and liquidity to finance development programmes and projects.
The T-Sukuks are Sharia-compliant financial certificates for trading in the secondary market along with the main distributors, reflecting the current return on investment. These sukuk will also contribute to stimulating the securities market and strengthening the base of Islamic securities, providing safe and rewarding investment alternatives, and attracting new segments of local and international investors.
He emphasised that the success of the first auction is another testament to the UAE’s creditworthiness as one of the most advanced and competitive economies in the world, reaffirming its position as a leading investment hub in the field of the Islamic economy.
Al Hussaini said, “The issuance of Islamic Treasury Sukuk is a new step towards achieving the comprehensive and sustainable economic and social development objectives of the UAE. It contributes to the development of the financial market and the investment environment in the country by attracting financial investments and rejuvenating the local financial and banking sector to diversify funding sources, which cements the UAE’s position as a global hub for the Islamic economy.”
Efficiency of UAE’s financial sector
Khaled Mohamed Balama, Governor of the Central Bank of the UAE, said, “The T-Sukuk programme’s first issuance, denominated in UAE Dirhams, reinforces the UAE’s competitive position as a developed global financial centre.
The programme has succeeded in diversifying financial markets activities, enhancing infrastructure to support Sharia-compliant investment options and alternatives, and strengthening the resilience and stability of the financial system. This milestone will also support in bolstering financial investments and promoting greater confidence among local and international investors in the UAE’s financial system, leading to further strategic growth across the sector and fortifying the UAE’s role in the global Islamic economy.”
He added, “The remarkable success of the first auction for the issuance of T-Sukuk denominated in UAE Dirhams is a testament to the soundness of the financial and economic policies, the robust creditworthiness, and the efficiency of the UAE’s financial sector. It also supports the UAE’s stimulating investment environment globally to diversify investment and financial alternatives and continue sustainable growth underpinned by future visions and plans. We are pleased to have partnered with the Ministry of Finance in enhancing the UAE’s financial markets and improving the investment environment in the country.”
Dubai as global centre for Sukuk listings
Hamed Ali, CEO of Dubai Financial Market and Nasdaq Dubai, said, “The issuance of the T-Sukuk is an important development for the UAE capital markets attracting diversified investment categories to the country and providing an important investment tool for Islamic banking. The listing today further strengthens Dubai’s position as one of the largest centres for Sukuk listings globally with US$77.67 billion total value of Sukuk listed in Dubai.
This opens the path for regional and international investors to strengthen their links with the UAE government as well as to expand their investment options in the UAE. At Nasdaq Dubai, our mission supports the UAE Central Bank’s ambitious strategy to develop a strong fixed-income market in the UAE by providing investors with investment opportunities in sovereign issuances and a more effective yield curve gauge in debt instruments.”
The Ministry of Finance onboarded eight banks, namely Abu Dhabi Islamic Bank (ADIB), Dubai Islamic Bank (DIB), Abu Dhabi Commercial Bank PJSC (ADCB), Emirates NBD, First Abu Dhabi Bank (FAB), HSBC, Mashreq, and Standard Chartered as Primary Dealers to participate in the T-Sukuk primary market auction and to actively develop the secondary market.
