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UAE Welcomes Ceasefire Agreement Between Pakistan and Afghanistan – A New Chapter of Hope for the Region

In a major diplomatic breakthrough, the United Arab Emirates has welcomed the ceasefire agreement between Pakistan and Afghanistan, calling it a positive and humanitarian step towards restoring peace and stability in the region. The UAE’s statement reflects its consistent role as a bridge for dialogue, unity, and cooperation among Muslim nations. The Ministry of Foreign Affairs of the UAE praised the mediation efforts of Qatar and Türkiye, acknowledging their contribution in bringing both sides to the table. This gesture underlines the UAE’s belief in collective diplomacy that lasting peace is achieved not through pressure, but through partnership and understanding. UAE officials described the ceasefire as “a humanitarian victory more than a political achievement”, emphasizing that calm along the Pakistan-Afghanistan border will open doors for trade, education, and cross-border cooperation. For Pakistan, this peace offers renewed opportunities for economic growth and border stab...
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UAE Unveils $30 Billion Climate Investment Fund as COP28 Kicks Off With New Finance Initiatives

 


Dubai - The 28th Conference of Parties (COP28) climate summit is hosted in Dubai today with several new funding initiatives aimed at mobilizing greater private investment to tackle the climate crisis. 


The United Arab Emirates announced the launch of a $30 billion climate investment venture called ALTRRA. The new fund aims to mobilize $250 billion globally by 2030 to support projects reducing emissions and adapting to climate impacts. UAE COP28 President Sultan Ahmed Al-Jaber said ALTRRA demonstrates the UAE's commitment to climate action and will be the "world's largest private investment vehicle" for the issue.


In addition, multiple development banks and countries pledged new climate finance. The World Bank committed to increase its annual climate spending to 45% of total projects by 2024-25. Canada pledged $16 million to the new UN loss and damage fund, while France committed $100 million. Separately, the UK announced $2 billion for the Green Climate Fund. 


New public-private partnerships were also unveiled to blend funding sources. An $11 billion platform called Allied Climate Partners was launched with support from the Bezos Earth Fund and other donors. India also saw commitments totaling over $6.5 billion to boost electric vehicles and green hydrogen. 


The financial announcements at the start of COP28 aim to accelerate progress on climate goals through greater investment across sectors. If realized, the new sources of funding could help scale up climate action in developing nations most vulnerable to impacts.

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