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Asia News News World

Incumbent Uzbek Prez Shavkat re-elected for the 2nd term

Uzbekistan’s incumbent President Shavkat Mirziyoyev has been re-elected for a second term in office with 80.1 per cent of the votes cast in the October 24 election…reports Asian Lite News

As soon as the election commission announced the results live on local TV channels on Monday, Mirziyoyev’s party and supporters celebrated the victory, reports Xinhua news agency.

“I cannot find words to describe my gratitude to my dear people for their trust. The fact that over 80 per cent of people came to vote in the election shows our nation is not indifferent to the country’s future,” the 64-year-old Mirziyoyev said, thanking people for their trust and support.

According to the CEC, the election on Sunday recorded a historic turnout of 80 per cent of the country’s eligible voters.

The CEC said that the election was held in accordance with international norms, domestic legislation, and in line with democratic principles, in an open and transparent manner.

ALSO READ: Uzbekistan presidential election concluded with a historic turnout

Mirziyoyev was nominated by the ruling Uzbekistan Liberal Democratic Party, and during the election campaign, he promised to continue reforms to launch more industrial projects, provide jobs and raise living standards in the populous Central Asian nation.

Other candidates included Alisher Kadirov from the National Revival Democratic Party, Maksuda Varisova from the People’s Democratic Party, Bahrom Abduhalimov from the Adolat (Justice) Social Democratic Party, and Narzullo Oblomurodov from the Ecological Party.

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Asia News News World

Asia’s proposed gas build-out is a risky $379 billion bet

A planned $379 billion expansion of gas infrastructure in Asia risks becoming stranded assets as the world turns away from fossil fuels, a new report by the San Francisco-based Global Energy Monitor (GEM) said on Tuesday…reports Asian Lite News

The gas build-out undermines pledges by several Asian countries to achieve net zero emissions as part of a transition to renewables by mid-century, and it is occurring despite a June 2021 warning by the International Energy Agency that achieving net zero globally depends on halting all future fossil fuel development.

The key findings of the report include the $379 billion in new gas infrastructure in Asia includes $189 billion of gas-fired power plants, $54 billion of gas pipelines, and $136 billion of new liquefied natural gas (LNG) import and export terminals.

Asia’s proposed gas build-out is a risky $379 billion bet

“Asia’s proposed gas build-out is a risky $379 billion bet,” said Robert Rozansky, author of the report.

“If built, this new fleet of gas infrastructure could threaten Asian countries’ efforts to reach net-zero emissions. With continued unaffordable LNG prices and extreme volatility in the market, many of the planned projects in Asia will become unbankable and could shore up heavy costs to the state in decommissioning.”

“Emissions from existing gas projects are already too great for the world to have at least a 50 per cent chance of limiting global warming to 1.5 C,” said Ted Nace, Executive Director of GEM.

“If built, these new Asian gas projects would lock-in emissions for decades, and worsen the long-term effects of climate change.”

GEM’s study finds that public institutions provided $22.4 billion in financing for gas projects in Asia between 2014 and 2018, and there is a risk that this funding could continue.

Recent announcements by the Asian Development Bank, World Bank, and others show that these institutions have not yet committed to withdrawing from gas financing, and remain open to funding midstream infrastructure and power plants.

ALSO READ: Canada and Germany publishes $100bn annual climate finance roadmap

Countries around the world will gather next week for the climate conference COP26, which will include putting forward new targets to keep global warming within 1.5C degrees.

Ahead of the conference, there has been increased focus on gas as one of the primary causes of climate change because of its high methane content.

Methane is up to 86 times more potent than carbon dioxide at warming the climate over a 20-year period.

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Canada News World

Canada and Germany publishes $100bn annual climate finance roadmap

The data also provides confidence that developed countries can mobilise more than $100 billion per year thereafter through to 2025…reports Asian Lite News

Canada and Germany have published a ‘Delivery Plan’, commissioned by the incoming UN Climate Conference (COP26) President, which outlines how developed countries plan to meet their joint commitment of mobilising $100 billion in climate finance annually from 2020 to 2025.

This quantified long-term finance element of the Paris Agreement recognises common but differentiated historical responsibility for climate change as well as developing countries’ need for support to take climate action.

Based on the analysis from the Organisation for Economic Cooperation and Development (OECD), the Delivery Plan, published on Monday, shows that developed countries will make significant progress towards the $100 billion goal in 2022, and provides confidence that it will be met in 2023.

The data also provides confidence that developed countries can mobilise more than $100 billion per year thereafter through to 2025.

Climate finance plays a critical role in helping developing countries fight climate change and adapt to its impacts.

In 2009, developed countries agreed to mobilise $100 billion in climate finance per year by 2020, and in 2015 agreed to extend this goal through to 2025.

ALSO READ: EU’s Timmermans discusses climate with Indian ministers

While developed countries have significantly scaled-up their support over the last decade, new analysis shows the $100 billion goal was unlikely to have been met in 2020 and is likely to also fall short in 2021 and 2022.

Ahead of COP26, President-Designate Alok Sharma asked Jonathan Wilkinson, Canada’s Minister of Environment and Climate Change, and Jochen Flasbarth, Germany’s State Secretary at the Ministry for Environment, Nature Conservation and Nuclear Safety, to work together to produce the ‘Delivery Plan’ on the $100 billion commitment, to demonstrate how and when developed countries will deliver on their promise.

Building on assessments of progress on the $100 billion goal to date, the ‘Delivery Plan’ sets out an estimated trajectory of climate finance from 2021 through to 2025 – taking into account new climate finance pledges from individual developed countries and multilateral development banks.

It also sets out principles on how to improve the delivery of climate finance.

Responding to the ‘Delivery Plan’, Lorena Gonzalez, senior associate in the WRI Finance Center, told IANS: “This ‘Delivery Plan’, developed under the leadership of Minister Wilkinson from Canada and State Secretary Flasbarth from Germany, is a key step toward ensuring developed countries rapidly scale up climate finance.

“Though developed countries pledged 12 years ago to mobilize $100 billion in climate finance annually by 2020, the ‘Delivery Plan’ confirms it is unlikely that they delivered the requisite contributions last year.

“Developing countries need finance now so that they can invest in climate action to shift their economies’ long-term trajectory, as well as deal with mounting climate impacts.”

Most developed countries have not yet mobilized finance in accordance with their fair share.

The US is responsible for the greatest shortfall, and Australia, Canada, Italy, Greece, Iceland, and Portugal, among others, must do more.

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Arab News News World

US Envoy: Iran nuclear deal in a critical phase

US Special Envoy for Iran Robert Malley has said that the efforts to revive the Iran nuclear deal are “in a critical phase,” reiterating the negotiation window to revive the deal will not be open forever…reports Asian Lite News

“We’re in a critical phase of the efforts to see whether we can revive the JCPOA,” Malley told reporters on Monday during a press call, referring to the Joint Comprehensive Plan of Action and commonly known as the Iran nuclear deal, Xinhua reported.

“We’ve had a hiatus of many months and the official reasons given by Iran for why we’re in this hiatus are wearing very thin.”

US Envoy Iran nuclear deal in a critical phase

Malley’s comments followed his week-long trip to the Middle East and Europe over the Iran nuclear issue. US allies and partners shared “a deep and growing concern” about Iran’s nuclear progress, he said.

According to Malley, diplomacy is still a preferred path to address the Iran nuclear issue, but the United States and allies would also have to consider alternative tools.

ALSO READ: Iran’s Prez concern over IS militants in Af

“We are always open to diplomatic arrangements with Iran, and we believe that this can only be resolved diplomatically. The question is whether the JCPOA can still be revived,” he added.

The US and Iranian officials began indirect talks in Vienna this April to restore the 2015 nuclear agreement. The two sides still have significant differences after six rounds of negotiations, which have been stalled since June.

Malley stressed that the window for negotiations on a return to the JCPOA will not be open forever. “This is not a chronological clock. It’s a technological clock. At some point, the JCPOA will have been so eroded because Iran would have made advances that cannot be reversed.”

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Africa News News World

US suspends $700mn economic aid to Sudan after coup

The US has suspended $700 million in economic aid to Sudan after the military forces arrested civilian leaders, including Prime Minister Abdalla Hamdok, and declared a coup in the North African nation…reports Asian Lite News

“The US strongly condemns the actions of the Sudanese military forces. We firmly reject the dissolution of the civilian-led transitional government and its associated institutions and call for their immediate restoration,” the State Department announced late Monday.

“The arrest of Prime Minister Hamdok and other civilian leaders is unacceptable. The military forces must ensure their safety and release them immediately. These actions have the potential to derail the country’s transition to democracy and are a betrayal of Sudan’s peaceful revolution.”

Sudan police fire tear gas to disperse protesters

The Department went on to say that in the wake of these developments, “the US is immediately pausing the delivery of $700 million in emergency Economic Support Funds to Sudan, which were intended to support the country’s democratic transition, while we evaluate next steps”.

In response to the continued protests across Sudan against the coup, the State Department said “the US strongly supports the right of the Sudanese people to assemble peacefully in support of democracy”.

“We are gravely concerned by reports that Sudanese security forces have used live ammunition against peaceful protesters. Security officials should immediately cease the use of violence against peaceful protesters. We also urge the restoration of Internet services,” it added.

Following the arrest of Hamdok, members of the Transitional Sovereignty Council’s civilian component, and several other Ministers earlier on Monday, internet services were suspended in capital Khartoum, while phone lines were also down.

The office of the Prime Minister said Hamdok and his wife were taken an unknown place.

The coup and a state of emergency was declared by Chairman of Sudan’s Sovereign Council Abdel Fattah Al-Burhan on Monday. He also dissolved the transitional sovereign council, the government and relieved of all state Governors of their post.

Addressing the nation in a live broadcast, Al-Burhan said that the division among partners in the transitional government prompted the military intervention to prevent the country from chaos, Xinhua news agency.

He expressed commitment to the constitutional document but announced suspension of the items relating to the coalition with the Freedom and Change Alliance, the civilian component in the ruling coalition that accused Al-Burhan of carrying out a military coup.

ALSO READ: ‘UAE’s AI economy opens opportunities for further US ties’

Meanwhile, street demonstrations rejecting the military intervention were continuing in Khartoum, despite army retaliation.

According to a BBC report, at least three people have died and more than 80 others were injured.

Demonstrators have blocked roads with piles of bricks and burning tyres.

The city’s airport is closed and international flights are suspended.

Besides the US, the UK, EU, UN and African Union, of which Sudan is a member, have also condemned the coup and demanded the immediate release of the civilian leaders.

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-Top News UAE News World

‘UAE’s AI economy opens opportunities for further US ties’

The UAE moving towards an Artificial Intelligence economy gives more opportunities for the US to strengthen the existing bilateral relations, a senior US official told Emirates News Agency (WAM).

“I think all these emerging technologies give us an opportunity [for the US and UAE] to strengthen the bilateral relationship. AI is an area that the US is a leader in and it helps both investments and innovations to come out. The UAE positioning itself as an AI economy gives us again another opportunity to strengthen that relationship,” said Thomas Debass, Managing Director of the Office of Global Partnership at the US Department of State.

“There is a lot that we can contribute to [the UAE’s AI economy] in terms of experiences and investments, but there is a lot that we can learn as well,” added the official responsible for coordinating the Department’s private sector engagement efforts and providing thought leadership on partnerships related to economic growth, global finance, entrepreneurship and innovation.

Debbas pointed out that the White House has launched the National AI Initiative by putting together a legislation on AI governance.

AI is so powerful and its governance has to be done carefully and transparently from a data privacy and humanity perspective, he stressed.

“I think there is a lot of international cooperation that can emerge out of that. The UAE is lending itself to be a leader in that space. We are already a leader. How do we form into collaboration to make sure that the next generation of AI comes to serve the humanity and make us prosper better and to address the challenges that we face such as COVID-19, climate change and others,” the official continued.

AI has greatly contributed to tackle COVID-19 with the rapid research on vaccines, and using it for contract tracing, education and public health, Debbas said. “We have already seen its promise. The question now is … how does AI help us create efficiency from a climate change perspective, in creating tech technologies, energy management and all those types of things?”

The US official emphasised that now the deployment of AI has to be scaled up. “I think AI is going to need a platform to scale up and I think that is where I see the opportunity for collaboration between the US and UAE,” the official said at the US Pavilion at the Expo 2020 Dubai.

ALSO READ: Sheikh Mohammed Lauds UAE Space Sector

The US Pavilion has captured the spirit of America’s diversity, prosperity, innovations and its promises into the future. “The Expo gives you an opportunity to see what these countries are all about, especially the common bond that we have in humanity’s perspective. It is just amazing.”

He regularly gives lectures and talks about the intersection of policy, business and society. Prior to joining the State Department, he was Lead Economist/Deputy Director in the Office of Investment Policy with the U.S. International Development Finance Corporation (DFC). He has also served as a senior technical advisor at the US Agency for International Development (USAID).

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Dubai EXPO 2020 World

Muslim Council of Elders visits Egypt pavilion at Expo 2020

A delegation from the Muslim Council of Elders, Dr. Sultan Al Remeithi, member of the Higher Committee of Human Fraternity visited Egypt’s pavilion at Expo 2020 Dubai…reports Asian Lite News

A delegation from the Muslim Council of Elders led by the Secretary General Dr. Sultan Al Remeithi, member of the Higher Committee of Human Fraternity has visited Egypt’s pavilion at Expo 2020 Dubai…reports Asian Lite News

Al Remeithi said, “The impressive Egyptian pavilion is a reflection of the multi-faceted growth and success the country is going through at the moment, as well as presenting Egypt as an up-and-coming tourist and economic hub.”

ASLO READ: The FITOUT announces completion of fit-out works for pavilions at Expo

The Secretary General presented the head of the Egyptian pavilion Dr. Ahmed Mighwari a copy of the ‘Human Fraternity Document’ which was signed by His Eminence Dr. Ahmed El-Tayeb, the Grand Imam of Al Azhar and Chairman of the Muslim Council of Elders as well as His Holiness Pope Francis, Pontiff of the Catholic Church in Abu Dhabi in 2019. (WAM)

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China News World

Anti-China sentiments fueling in Zimbabwe

The misbehaviour of Chinese companies to local employees is fueling anti-China sentiments in Zimbabwe…reports Asian Lite News

It became evident after two blasts shook Zimbabwe’s Mazowe district late last week. The two gas explosions left eight people dead including six Chinese nationals. The police are investigating the cause of the explosion.

The incident happened at the mine about 50 km (30 miles) north of the capital, Harare, police said. While villagers mourned the death of a local but had no sympathy for the Chinese nationals. It was reported that villagers from around SAS Mine in Mazowe expressed joy following the death of six Chinese nationals who were managers at the site. The villagers described the late Chinese managers as ‘stubborn’ and very dis-respectful who ill-treated locals.

The incident has brought focus on the prevailing conditions in the area with regard to ill-treatment meted out to the employees by the Chinese managers. After the first explosion, the area councillor had requested Chinese managers to halt all the operations but later did not pay heed. Instead, these managers had smuggled workers from outside through a broken fence. Also, these managers warned workers with dire consequences if anyone raised voice over personal safety.

The local news website reported that the local councillor Taera Tapererwa, from Mazowe South Ward 2 confirmed that the Chinese managers were quite rude to the employees. A worker at the mine reportedly told that Chinese managers had ignored warnings. Nor did they show any remorse over the death of the first victim. The second explosion took lives of six Chinese and that was when it was accepted that the situation was dangerous at the mine.

The Chinese Embassy in Zimbabwe maintained that it is in close communication with responsible Zimbabwean authorities and has asked the Zimbabwean side to help with emergency care and investigate the cause of the incident. The embassy has urged Chinese companies in Zimbabwe to enhance safety production awareness and immediate conduct thorough inspections of workplace practices including management of raw materials to avoid similar incidents.

Experts on Zimababwe affairs are not hopeful about any change in the situation on ground. Zimbabwe, like other African country, is under deep influence of China, politically, militarily, or economically. China has been calling the shots in Zimbabwe so much so that despite numerous cases of rampant abuse by Chinese employers of the local labour force, no steps have been taken by the government.

ASLO READ: US firms warned about risks of working with China

Available reports suggest that there is a fear among the locals that China would take away their assets if Zimbabwe fails to return loan amount. China has done heavy investment by providing huge loans to Zimbabwe. Local newspapers have reported from time to time that Chinese companies have been ill treating local labour and not paying respectable wages. An incident was reported where local employees were shot dead by a Chinese employer at a mine when the labourers demanded their legitimate outstanding wages. There have been several incidents where Chinese company owners have not paid any heed to Zimbabwean law, the citizens’ legal rights and instead discriminated against them from the onsite Chinese miners by paying them low wages of merely 35 US dollars per month. Also there have been cases where Chinese employers have assaulted local employees by forcing them to work in dangerous, inhuman, harsh, and life-threatening conditions which amount to slavery.

In pandemic time too, Chinese companies have reportedly ignored Covid-19 guidelines and forced employees to stay together. In one incident, 16 employees were reportedly forced to stay in just one room. On several occasions, the Zimbabwe Congress of Trade Union (ZCTU) has raised objections against the assault of local workers by Chinese employers. The ZCTU has been successful in building pressure on the Chinese companies to mend ways. So much so that the Chinese diplomats have tried to bring out an amicable solution with the Union leaders.

ZCTU has been taking up issues with Chinese companies following complaints of exploitation of local employees. In June, Chinese ceramic tiles manufacturing company Sunny Yi Feng had entered into a war of words with the Zimbabwe Congress of Trade Unions (ZCTU) over claims of labour rights abuse, including unsafe working and living conditions. In absence of any legal action, ZCTU had launched a social media campaign to raise awareness about the working and living conditions of the workers in the factories. The Chinese company called ZCTU’s actions as “corporate bullying” motivated by “hidden agenda”.

Several other allegations have been levelled against Chinese companies operating in Zimbabwe. According to 2016 report by the Brookings Institution, there are at least 10,000 Chinese nationals in Zimbabwe, many of whom work in mining, telecommunications, and construction sectors. Chinese-owned companies, however, have become notorious for ill-treatment of workers.

There were reports of workers’ strike in a mining company against low wages in 2019. These workers also demanded safety kit as they were getting exposed to hazardous fumes. Earlier, two mining workers were shot in Gweru, which the Chinese embassy in Zimbabwe described as an “isolated incident.”

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Events UAE News World

The 4th Aqdar World Summit kicks off

The summit started with the “Aqdar” Round Table, well-known practice in international dialogues, discussions and sessions…reports Asian Lite News

The 4th Aqdar World Summit under the slogan “Positive Global Citizenship – Empowerment Sustainable Investment Opportunities” kicked off on Sunday in Fazaa Pavilion at Expo 2020 Dubai. The summit runs until October 30 at the international exhibition.

EXPO 2020

The summit started with the “Aqdar” Round Table, well-known practice in international dialogues, discussions and sessions. The summit is held in cooperation with the Federal Youth Authority and runs daily with the participation of keynote speakers on three main topics that promote positive global citizenship. The topics are the role of new and social media, the role of space sciences and movie theaters, and photography. Discussions are held and then recommendations are referred to decision-makers at the relevant authorities.

At Fazaa Pavilion, speakers discussed on the first day the role of new media in promoting positive behaviors, given its global outreach among various segments of the society and the huge interaction and direct impact on young people.

ALSO READ: HHC to host UAE’s cultural traditions at Expo 2020

Then cultural cooperation forums started, followed by the first session of the Emirati Credibility event in partnership with the National and Reservist Service. The First Session was under ” The Emirate committed to serve his country ” where Metha Rashis Al Noori and Salem Mohammed Salem Ahmed Al Zaidi and Omar Al Hammadi addressed the Audience in this session.

Several other events also kicked in, such as “Emirati, I can,” a unique platform that hosts prominent Emirati figures in several domains.

This session was followed by the launch of the “Aqdar Discussion Sessions” event, featuring a variety of intellectual and scientific panel discussions that bring together keynote speakers from across the societal, professional, international, and scientific spectrum.

The 4th Aqdar World Summit kicks off

The first day ended with the folklore and positive global citizenship in cooperation with Hamdan bin Mohammed Heritage Center along with a number of pavilions of other countries participating in Expo 2020 Dubai.

The activities of the summit, which is one of the initiatives of the Khalifa Empowerment Program”Aqdar” continue to be a platform for convergence and civilized and cultural dialogue with a group of specialists, decision-makers and executives in government and private sectors.

The summit aims to enhance the role of the UAE’s soft power, develop sustainable rich partnerships between governments and international organizations, and spread the thought of the late founder, Sheikh Zayed bin Sultan, and his approach to tolerance, peace and coexistence among people. It also provides a work environment to generate investment opportunities. growth, innovation and cooperation between nations and individuals. (WAM)

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COVID-19 UAE News World

The rise in international visitors will provide relief for the UAE’s retail sector

The return of consumer confidence in light of easing COVID-19 restrictions and the anticipated rise in international visitors will provide some relief for the retail sector, according to JLL’s Q3 2021 Real Estate Market Overview…reports Asian Lite News

Driven by footfall from the population living in close proximity, the report has revealed that community malls across the UAE have been performing particularly well in the third quarter.

Additionally, some retailers in the F&B and convenience segments were able to better weather the impact of the pandemic.

“The cooler weather and the opening of Expo 2020 Dubai will see a gradual return of tourists that will provide much relief for landlords and retailers alike,” said Khawar Khan, Head of Research for the Middle East, Africa & Turkey region.

“The change in rules in September to allow the free flow of traffic between the emirates of Dubai and Abu Dhabi will also help support the UAE’s retail sector.”

In the residential market, strong demand for villas and townhouses continued to drive the recovery in villa sales prices across both Dubai and Abu Dhabi. Apartment prices have picked-up in Dubai on the back of higher demand, however they remained flat in Abu Dhabi. At a city level, residential prices in both Dubai and Abu Dhabi were up by around 4% year-on-year in Q3.

With the off-plan market starting to attract investors again, developers have started to launch projects with attractive payment plans in place to capitalise on the uptick in activity.

Over the remainder of this year, JLL expects demand for quality villa stock to underpin the recovery in sales prices.

ALSO READ: UAE banking industry is in recovery mode: UBF Chief

The third quarter saw approximately 40,000 sq. m. of office space delivered in Dubai and 15,000 sq. m. in Abu Dhabi in Q3.

In Dubai, enquires from technology and e-commerce companies have been strongest as they look to expand their footprints to accommodate their growing workforces.

Dubai

“Over the rest of this year, we expect further growth in new enquiries as business activity continues to rebound,” said Khan.

The UAE hotel market is also continuing its gradual recovery from the pandemic, with the luxury market taking advantage of strong leisure demand owing to the country being one of the few international destinations open for tourism.

Luxury offerings and ease of travel restrictions have helped capture demand from European source markets, however, in contrast the mid-scale and budget segments remain under pressure, awaiting the return of business travel as well as the reopening of key Asian source markets.

Expo 2020 Dubai will attract visitors to emirate over the next two quarters, with recently completed hotel projects well placed to benefit from the anticipated influx of tourists, says the report.

For further information on the UAE’s commercial, residential, retail and hotel sectors, please see the report attached.