{"id":86899,"date":"2023-11-27T00:00:00","date_gmt":"2023-11-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/cop-is-around-the-corner\/"},"modified":"2023-11-27T00:00:00","modified_gmt":"2023-11-27T00:00:00","slug":"cop-is-around-the-corner","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2023\/11\/27\/cop-is-around-the-corner\/","title":{"rendered":"COP is around the corner"},"content":{"rendered":"

Good morning, wonderful people<\/strong>, and welcome back from the impromptu long weekend. We have a tight but meaty issue for you this morning to jump right back into our regular programming. <\/p>\n

** This is a zero issue of EnterpriseAM UAE<\/strong> and has not been published or distributed to a wide audience. The sponsor logos above are not correct because we\u2019re still developing the new UAE template.<\/p>\n

** Did you receive this as a forward?<\/strong> Email editorial@enterprisemea.com and let us know if you\u2019d like to be added to our list of beta readers ahead of our launch.<\/p>\n

** Have a comment, criticism, or story tip? <\/strong>Hit up patrick@enterprisemea.com<\/a>. <\/p>\n

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THE BIG STORIES here at home:<\/strong> The Dubai Financial Market plans to debut a carbon trading program at COP28, while the World Bank thinks the UAE is going to continue registering positive GDP growth this year and next, albeit at a slower rate than 2022.<\/p>\n

Will<\/strong>CZ be allowed to return home? <\/strong>Former Binance CEO Changpeng Zhao filed an opposition<\/a> to the US government motion preventing him from returning to the UAE before his sentencing. The court ruled in favor of his return home after assessing his low flight risk and compliance with bail conditions.<\/p>\n

Remember:<\/strong> Zhao pleaded guilty<\/a> last week to violating US money laundering laws. He faces up to 10 years in prison after stepping down from his former company as part of a USD 4.3 bn settlement, USD 150 mn of which he will personally pay, with the DoJ.<\/p>\n

<\/a> PSA #1- Federal government employees are getting a long weekend<\/strong> from Saturday-Monday, 2-4 December, in observance of the UAE National Day, Cabinet said, according to state news agency WAM<\/a>. Friday, 1 December will be a work from home day except for employees requiring their physical presence. <\/p>\n

<\/a> PSA #2- Pension payday is here:<\/strong> The General Pension and Social Security Authority will distribute nearly AED 749 mn in pension payments to 4.7k registered beneficiaries today, reports Gulf News<\/a>. The pension amount falls over AED 25 mn higher than last year\u2019s pension total of approximately AED 723.8 mn.<\/p>\n

<\/a> DATA POINT- 51.6k citizens have registered to vote in the Sharjah Consultative Council <\/strong>elections<\/strong>, surpassing the 44,758 registered voters in the 2019 session. The registrations<\/a> account for 96% of the total registrations in electoral bodies.<\/p>\n

Voters can submit their ballots from December 5-7<\/strong>, between 8 AM and 8 PM. Voting is available online, via the UAE PASS app and the Sharjah Digital Platform, and in person at nine electoral centers across Sharjah\u2019s municipalities.<\/p>\n

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<\/a> COP28<\/a><\/strong> is right around the corner:<\/strong> The annual climate event kicks off in Dubai this Thursday, 30 November and will run through 12 December. During this year\u2019s event, governments will, for the first time, undertake a Global Stocktake (GST) to assess their advancements in meeting the nationally determined contributions (NDCs) pledged at the 2015 Paris Climate Accords. <\/p>\n

COP28 is opening its doors to the public<\/strong>, encouraging active participation in the climate change discourse, The National<\/a> reports. Events at the Expo City Dubai host site and grassroots initiatives across the Emirates provide opportunities for engagement in the global dialogue on climate issues.<\/p>\n

The first three days are reserved for delegates,<\/strong> featuring a leaders\u2019 summit from 1-2 December, where the agenda for the following days will be established. The COP28 site is divided into blue and green zones, each serving distinct purposes.<\/p>\n

The Blue Zone:<\/strong> Accessible from 30 November, the Blue Zone caters exclusively to heads of state, accredited government officials, and media. Managed by the UN, this zone encompasses prominent locations such as the Rove Hotel, the Dubai Exhibition Centre, and the iconic Al Wasl Plaza, including the captivating 360-degree projection dome until 3 December. <\/p>\n

The Green Zone<\/strong>: This zone includes the Sustainability District, Alif \u2013 The Mobility Pavilion, the Vision and Women\u2019s pavilions, the Surreal water feature, Al Forsan Park, and specific areas within the Mobility District showcasing a youth and green hub.<\/p>\n

THE BIG STORY ABROAD<\/strong><\/p>\n

ON THE FRONT PAGES- Gaza is dominating the international front pages this morning<\/strong>, with the world\u2019s media all focused on the latest on the prisoner swap between Hamas and Israel, brokered by Egypt and Qatar. <\/p>\n

The latest on day four of the four-day ceasefire: <\/strong>Another batch of Palestinian and Israeli hostages were released yesterday<\/a> and an extension of the truce could be on the table, mediators Egypt<\/a> and Qatar<\/a> have signaled. <\/p>\n

See more:<\/strong>Associated Press<\/a> | Reuters<\/a> | Bloomberg<\/a> | Financial Times<\/a> | New York Times<\/a> | Washington Post<\/a> | Wall Street Journal<\/a> | BBC<\/a> <\/p>\n

IN THE GLOBAL BUSINESS PRESS- Sam Altman is back as CEO of OpenAI <\/strong>ending the endless news cycle of \u201cwill he or won\u2019t he\u201d after he was sacked by the OpenAI board. <\/p>\n

Instead, OpenAI\u2019s board is out:<\/strong> The board that fired Altman, which was in place to ensure the \u201csafe development\u201d of AI, has been replaced by a three-man provisional board. The board that fired Atlman included two high-profile effective altruists<\/a> and Ilya Sutskever, a co-founder of OpenAI and its chief scientist. Sutskever helped lead the rebellion against Altman and then flipped sides, saying he would leave the company if Altman did not return as CEO. <\/p>\n

So who\u2019s on the board? <\/strong><\/p>\n