Global ports operator DP World cut direct carbon emissions from its global operations by 5 per cent last year in pursuit of its target to become carbon neutral by 2040.
At the Cop27 climate summit in Egypt in November, DP World pledged to invest up to $500 million to cut carbon emissions from its operations over the next five years.
The company aims to reduce emissions by nearly 700,000 tonnes, or 20 per cent, from 2021 levels, in the coming five years, Sultan bin Sulayem, DP World's chairman and chief executive, told delegates at the conference.
Meanwhile, the Dubai-based company’s total community contributions rose 34 per cent in 2022, compared with the year earlier, thanks to new strategic projects such as UN Women and the Earth Shot Prize, according to its latest Environmental Social and Governance report.
“At DP World, we believe in enabling resilience, and building a smart and sustainable future that generates long-term societal impact,” said Maha AlQattan, group chief people and sustainability officer, DP World.
“We recognise our impact and are continuing to look at how we use our resources responsibly, on issues from education to Wash [water, sanitation and hygiene] infrastructure, in line with our clear roadmap for the future.”
DP World’s plans include replacing its fleet of diesel assets with electric, investing in renewable power and exploring alternative fuels.
The company also joined the Green Shipping Challenge that was launched last year by US Special Presidential Envoy for Climate Change John Kerry and Norwegian Prime Minister Jonas Gahr Store.
The initiative encourages governments, ports, maritime carriers, cargo owners and others in the shipping chain to come forward with measures that will help put the international shipping sector on a credible pathway this decade towards full decarbonisation no later than 2050.
Last year, DP World partnered with the Maersk Mc-Kinney Moller Centre for Zero Carbon Shipping, an independent, non-profit organisation, undertaking research and development to find practical ways to decarbonise the global maritime trade industry.
In 2021, international shipping accounted for about 2 per cent of global energy-related carbon-dioxide emissions, according to the International Energy Agency.
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ELIO
Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett
Directors: Madeline Sharafian, Domee Shi, Adrian Molina
Rating: 4/5
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Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
Four tips to secure IoT networks
Mohammed Abukhater, vice president at FireEye in the Middle East, said:
- Keep device software up-to-date. Most come with basic operating system, so users should ensure that they always have the latest version
- Besides a strong password, use two-step authentication. There should be a second log-in step like adding a code sent to your mobile number
- Usually smart devices come with many unnecessary features. Users should lock those features that are not required or used frequently
- Always create a different guest network for visitors
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
The biog
Simon Nadim has completed 7,000 dives.
The hardest dive in the UAE is the German U-boat 110m down off the Fujairah coast.
As a child, he loved the documentaries of Jacques Cousteau
He also led a team that discovered the long-lost portion of the Ines oil tanker.
If you are interested in diving, he runs the XR Hub Dive Centre in Fujairah
Killing of Qassem Suleimani
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Other ways to buy used products in the UAE
UAE insurance firm Al Wathba National Insurance Company (AWNIC) last year launched an e-commerce website with a facility enabling users to buy car wrecks.
Bidders and potential buyers register on the online salvage car auction portal to view vehicles, review condition reports, or arrange physical surveys, and then start bidding for motors they plan to restore or harvest for parts.
Physical salvage car auctions are a common method for insurers around the world to move on heavily damaged vehicles, but AWNIC is one of the few UAE insurers to offer such services online.
For cars and less sizeable items such as bicycles and furniture, Dubizzle is arguably the best-known marketplace for pre-loved.
Founded in 2005, in recent years it has been joined by a plethora of Facebook community pages for shifting used goods, including Abu Dhabi Marketplace, Flea Market UAE and Arabian Ranches Souq Market while sites such as The Luxury Closet and Riot deal largely in second-hand fashion.
At the high-end of the pre-used spectrum, resellers such as Timepiece360.ae, WatchBox Middle East and Watches Market Dubai deal in authenticated second-hand luxury timepieces from brands such as Rolex, Hublot and Tag Heuer, with a warranty.
Global state-owned investor ranking by size
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1.
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United States
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2.
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China
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3.
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UAE
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4.
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Japan
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5
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Norway
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6.
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Canada
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7.
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Singapore
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8.
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Australia
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9.
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Saudi Arabia
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South Korea
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