Egypt
Ex-Obama advisor says global events are overshadowing climate change efforts: ‘We are not acting swiftly enough’
The COP27 climate conference represents an opportunity to move forward, but a significant ramping up of efforts will be required in the years ahead, according to a former special assistant to President Barack Obama. Speaking at CNBC’s Sustainable Future Forum last week, Alice Hill was asked if she was optimistic or very concerned about the […]
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Jailed British-Egyptian activist escalates hunger strike by refusing h2o as COP27 gets underway
Mona Seif, sister of Alaa Abdel-Fattah, sales opportunities a candlelight vigil outside Downing Street on November 06, 2022 in London, England. Rob Pinney | Getty Photographs Information | Getty Pictures SHARM EL-SHEIKH, Egypt — Jailed British-Egyptian citizen Alaa Abdel-Fattah stepped up his starvation strike by refusing drinking water, ratcheting up fears for the daily life […]
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We’re on a ‘highway to local weather hell,’ UN main Guterres suggests, calling for a world wide section-out of coal
U.N. Secretary-Standard Antonio Guterres talking at the COP27 weather change summit in Sharm El-Sheikh, Egypt. “We are on a highway to weather hell with our foot still on the accelerator,” he explained to attendees. Gehad Hamdy | Photograph Alliance | Getty Photographs The United Nations secretary standard issued a stark warning Monday, telling attendees at […]
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Taxation is a blunt instrument, IATA main Willie Walsh says: ‘The carrot is considerably more efficient than the stick’
The aviation sector demands much more carrot and considerably less adhere likely ahead to turn out to be a lot more sustainable, in accordance to the director typical of the Worldwide Air Transport Association. Speaking at CNBC’s Sustainable Long term Discussion board on Friday, Willie Walsh was asked if subsidies and tax breaks to stimulate […]
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Where’s the revenue? COP27 local weather summit opens with a rallying simply call for prosperous nations to pay out up
The COP27 summit sees delegates from approximately 200 countries collect in Egypt’s Pink Sea vacation resort city of Sharm el-Sheikh for talks on how to address the local climate disaster. Sean Gallup | Getty Illustrations or photos Information | Getty Photographs SHARM EL-SHEIKH, Egypt — Top rated officers kicked off proceedings at the U.N.’s flagship […]
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A showdown about weather reparations is brewing — and it will ascertain the success of the COP27 summit
“Looking at reduction and hurt as a facet situation is not appropriate due to the fact this is the actuality that millions are dealing with every single one working day,” explained Harjeet Singh, head of global political technique at Local climate Motion Community. Fida Hussain | Afp | Getty Pictures The results or failure of […]
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Egypt’s Suez Canal fee hike won’t have a ‘massive’ affect on trade flows, analyst says
Egypt declared on Saturday that it will raise transit costs in 2023 for all varieties of vessels passing through the Suez Canal. In accordance to a statement unveiled by the Suez Canal Authority, transit expenses for tankers passing via the canal will increase by 15%. The increase for dry bulk carriers and tourist ships is […]
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Putin is ‘another Hitler in the making,’ Egyptian billionaire Sawiris says
Egyptian billionaire Naguib Sawiris did not mince words when expressing his thoughts on Russian President Vladimir Putin and his country’s invasion of Ukraine. Asked by CNBC’s Hadley Gamble if he expected civil unrest in Egypt due to food shortages triggered by the war, Sawiris, the chairman and CEO of Orascom Investment Holding, said he did […]
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Food price inflation rocks the Middle East’s economies, pushing up risk of social unrest
Local government officials and a Ukrainian soldier inspect a grain warehouse earlier shelled by Russian forces on May 06, 2022 near the frontlines of Kherson Oblast in Novovorontsovka, Ukraine. John Moore | Getty Images Rising prices of food and energy are reverberating through Middle Eastern and North African economies, a new S&P Global Ratings report […]
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Israel signs historic trade deal with UAE, its biggest with any Arab country
Israeli national flags fly alongside United Arab Emirates national flags on the side of a road in Netanya, Israel, on Monday, Aug. 17, 2020. Kobi Wolf | Bloomberg | Getty Images DUBAI, United Arab Emirates — Israel and the United Arab Emirates on Tuesday penned a multi-billion dollar free trade agreement, the latest product of […]
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