No energy source should be shunned, Saudi energy minister tells COP26

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Updated 10 November 2021
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No energy source should be shunned, Saudi energy minister tells COP26

GLASGOW: Saudi Arabia Energy Minister Prince Abdulaziz bin Salman said at the UN climate summit in Scotland on Wednesday that international efforts to combat climate change should not undermine global energy security or shun any particular energy source.

“It is imperative that we recognize the diversity of climate solutions, and the importance of emissions reduction as stipulated in the Paris Agreement, without any bias toward or against any particular source of energy,” the energy minister said.

He said negotiators should be “conscious of the special circumstances of the less developed countries,” some of which have been resisting calls for aggressive moves away from fossil fuels because of the economic costs.

“We should work together to help these countries mitigate the impact of climate change policies, without compromising their sustainable development,” he said.

The energy minister said Saudi Arabia has launched several initiatives to protect the environment.


DP World announces new leadership appointments

Updated 58 min 28 sec ago
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DP World announces new leadership appointments

DUBAI: DP World announced the appointment of Essa Kazim as Chairman of its Board of Directors and the appointment of Yuvraj Narayan as Group Chief Executive Officer.

Essa Kazim currently serves as Governor of the Dubai International Financial Centre and Chairman of Borse Dubai. He brings extensive experience in financial and economic affairs, having previously held senior leadership positions in several national institutions.

Yuvraj Narayan has extensive professional experience in financial management, corporate finance, supply chains, and global trade. Since joining DP World in 2004, he has led a number of strategic and transformational initiatives that supported the company’s expansion across international markets and strengthened its role as an integrated global provider of end-to-end supply chain solutions.

Narayan has served as Group Chief Financial Officer since 2005, contributing to the company’s financial resilience and operational efficiency.

DP World affirmed that the new appointments support its strategy for sustainable growth and reinforce its role in strengthening global supply chains and supporting Dubai’s position as a leading hub for trade and logistics.