Fintech PR
COP28 President calls on all Parties to deliver “transformational” climate action plans that keep 1.5°C within reach and drive sustainable socioeconomic growth
NEW YORK, Sept. 26, 2024 /PRNewswire/ — Highlighting that Nationally Determined Contributions (NDCs) should be seen as an opportunity to deliver socioeconomic growth, COP28 President Dr. Sultan Al Jaber today called on Parties to issue a third round of NDCs that “meet the urgency of the moment” and represent a “comprehensive response plan” to the UAE Consensus.
Parties should view their NDCs “not as a burden but as platforms for new streams of growth, green jobs and a clean future,” the COP28 President said at a high-level COP Presidencies Troika event, held on the sidelines of the UN General Assembly in New York.
“The UAE Consensus gave us a blueprint for transformation: we must now act on it,” Dr. Al Jaber said at the COP Presidencies Troika’s ‘Roadmap to Mission 1.5: NDC 3.0’ event. The COP Presidencies Troika, an unprecedented collaboration between the COP presidencies of the UAE, Azerbaijan and Brazil, is primarily focused on stimulating the “highest level of ambition” in the next round of NDCs, Dr. Al Jaber said.
While Parties must submit their next round of NDCs by February 2025, submitting them earlier would help build momentum, Dr. Al Jaber said, announcing that the UAE will submit its third NDC ahead of COP29, due to be held in Azerbaijan from 11-22 November.
“Let me take this opportunity to call on all Parties to be early movers and to provide concrete signals on their NDCs by or before COP29 to build momentum during this critical decade of action,” the COP28 President said. “Let’s deliver transformational NDCs backed by serious investment to deliver on the mandate of the UAE Consensus, and let’s drive a new era of sustainable socioeconomic growth that keeps 1.5°C within reach, advances prosperity and leaves no one behind.”
The UAE’s NDC will “cover all greenhouse gases and every sector of the economy, including energy, industry, transportation and waste,” he said. “It will leverage the latest technologies, including AI, to drive decarbonization and enhance adaptive resilience by transforming food, health and early warning systems. And it will back all efforts with a robust legal framework that holds every sector accountable to specific, timebound goals.”
In a call to all Parties, Dr. Al Jaber said that if the next round of NDCs is done right, they can “leverage” the three global megatrends of the energy transition, the rise of AI and the expansion of emerging markets and the Global South.
Dr. Al Jaber said that the UAE has been a leader in diversifying its energy mix, having already more than doubled its renewable energy capacity since 2019 and being on track to more than triple it by 2030.
Dr. Al Jaber also highlighted the progress made by the Oil & Gas Decarbonization Charter (OGDC) since COP28, which now has 54 members, covering 43 percent of global oil production. For nations looking to incentivize industry sectors in their NDCs, the OGDC demonstrates how “inclusive engagement” can lead to “meaningful results,” he said.
The COP28 President emphasized the importance of finding consensus on a New Collective Quantified Goal (NCQG) on finance at COP29 to ensure that finance goes to where it is needed the most.
As part of the Troika’s mission to raise ambition for the next round of NDCs, the COP Presidencies Troika launched an Action and Ambition Majlis series, bringing countries together at events like the Petersberg Climate Dialogue in Germany and the Ministerial on Climate Action in Wuhan, China.
Fintech PR
Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.
On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”
Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.
His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.
As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.
Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
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View original content:https://www.prnewswire.co.uk/news-releases/wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region-302314779.html
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.
Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.
Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.
Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
About Qatar Development Bank
Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.
For more information, visit: https://www.qdb.qa/
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View original content:https://www.prnewswire.co.uk/news-releases/qatar-development-bank-announces-strategic-investment-in-global-islamic-fintech-wahed-302314778.html
DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.
In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.
Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.
AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.
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Logo – https://mma.prnewswire.com/media/2449955/5026987/AIMA_Technology_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/chinas-aima-brand-electric-motorbike-is-now-in-bangladesh-302314773.html
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