Environment at the Heart of the Economy: How the Climate Summit Is Reshaping the Global Financial System
Environmental issues are no longer separate from economic ones—they now lie at the core of discussions on future development and investment. At COP30, it has become evident that transitioning to a green economy is no longer optional; it is an urgent necessity.
One of the key themes this year is financing a just energy transition, especially for developing countries that require massive investments to shift from coal and oil to clean energy sources. Several international banks have announced plans to support green projects, and some countries have pledged to increase their contributions to the Green Climate Fund.
However, the real challenge remains in translating these pledges into concrete actions, while ensuring that poor nations do not fall into a trap of 'climate debt.' There is also growing debate about linking global stock exchanges to the climate performance of companies—an idea that could radically reshape the global economy in the coming years.
read more
Analysis- Turkey Has 0 Regional Allies... Why?
Analysis: Russia, Turkey... Libya in Return For Syria?
Analysis: Who Will Gain Trump's Peace Plan Fruits?
Analysis: Will Turkey's Erdogan Resort to Snap Election?
Analysis: What Are Turkey's Aspirations in Iraq?
Opinion & Analysis
Analysis: Mercenaries In Libya... Who Should Be Blamed?
Opinion & Analysis
Analysis- How 'Libya Nightmare' Takes Erdogan to Algiers
Opinion & Analysis
Analysis: What Happens After Brexit?
Opinion & Analysis
Analysis: Strategic Significance of Libya's Sirte, Jufra!
News
Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters
Arts & Culture
"Jurassic World Rebirth" Gets Streaming Date
News
China Launches Largest Ever Aircraft Carrier
Videos & Features
Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall
Lifestyle
Get to Know 2025 Eid Al Adha Prayer Times in Egypt
Arts & Culture
South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle
News
"Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence"
Sports
Get to Know 2025 WWE Evolution Results
Business
Egyptian Pound Undervalued by 30%, Says Goldman Sachs
News
Flights suspended at Port Sudan Airport after Drone Attacks
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
See - Sada Elbalad
42 minutes ago
- See - Sada Elbalad
Trump Fires BLS Commissioner after Disappointing Jobs Report
Taarek Refaat U.S. President Donald Trump on Friday dismissed Bureau of Labor Statistics (BLS) Commissioner Erica MacEntarfer just hours after the release of a report showing a sharp slowdown in job growth during July. In a heated post on his Truth Social platform, Trump launched fresh criticism at Federal Reserve Chair Jerome Powell and accused MacEntarfer, appointed under President Joe Biden, of manipulating employment data for political purposes. 'I was informed that our country's job numbers are being produced by a Biden political appointee, Erica MacEntarfer, who rigged the figures before the election to boost Kamala Harris's chances,' Trump wrote. 'We need accurate job numbers, and I have directed my team to fire this political appointee immediately. She will be replaced by someone with greater competence and experience.' NBC News confirmed that MacEntarfer has already been removed from her post. The BLS operates under the U.S. Department of Labor, currently headed by Trump appointee Lori Chavez-DeRemer. The abrupt decision came on the same day the BLS reported that the U.S. economy added just 73,000 nonfarm jobs in July, far below expectations. The agency also sharply revised down employment figures for the previous two months, eliminating a combined 258,000 jobs from earlier estimates. This brought the three-month average job growth to just 35,000, the weakest pace since April 2020. Trump and congressional Republicans have repeatedly criticized the BLS for what they describe as 'large and politically suspicious' revisions to employment data. In his current budget proposal, Trump called for an 8% reduction in the bureau's workforce, a move that raised concerns about the accuracy of its statistics on jobs, prices, and other key economic indicators. The BLS has increasingly relied on estimated data to fill gaps in employment and inflation reports, amid mounting political pressure from the Trump administration. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Arts & Culture Lebanese Media: Fayrouz Collapses after Death of Ziad Rahbani Sports Get to Know 2025 WWE Evolution Results
See - Sada Elbalad
2 hours ago
- See - Sada Elbalad
Egypt's Foreign Minister Meets US House Speaker in Washington
Taarek Refaat Egypt's Minister of Foreign Affairs, Emigration, and Egyptian Expatriates Affairs Badr Abdel Ati, held a side meeting with U.S. House Speaker Mike Johnson at the conclusion of his visit to the U.S. capital, Washington. During the meeting, Abdel Ati conveyed the greetings of Egyptian President Abdel Fattah El-Sisi to the Speaker, reaffirming Cairo's commitment to maintaining ongoing consultation and coordination with Washington. He highlighted the depth of the longstanding strategic partnership between Egypt and the United States, as well as the shared interests that continue to shape bilateral relations. On his part, Speaker Johnson asked Abdel Ati to relay his greetings and appreciation to President El-Sisi, praising Egypt's pivotal role in promoting regional security and stability. He also commended Cairo's efforts in mediating ceasefire negotiations in the Gaza Strip. The meeting underscored the mutual recognition of the strategic value of U.S.-Egypt relations, particularly amid regional challenges requiring close diplomatic cooperation. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Arts & Culture Lebanese Media: Fayrouz Collapses after Death of Ziad Rahbani Sports Get to Know 2025 WWE Evolution Results
See - Sada Elbalad
5 hours ago
- See - Sada Elbalad
Beirut Port Sees Container Traffic Surge to Highest Monthly Level in More than 5 Years
Taarek Refaat Beirut Port has recorded its highest monthly container traffic since 2019, signaling a notable rebound in Lebanon's maritime trade activity after years of stagnation and crisis. According to a statement issued Friday by the Port of Beirut's Management and Investment Authority, container throughput in July reached approximately 100,000 twenty-foot equivalent units (TEUs), a 39% increase compared to the same month in 2024, when the figure stood at 72,000 TEUs. The authority credited the surge to improvements in operational infrastructure, streamlined logistics services, and the renewed confidence of global shipping lines. The port's container terminal is operated by CMA CGM, a leading French container transportation and shipping company. 'This level marks the highest container activity at the port since 2019, reaffirming Beirut's position as a key maritime hub in the Eastern Mediterranean,' the statement said. The increase in activity follows a turbulent period for Beirut Port, which was devastated by a massive explosion in August 2020 that killed over 200 people and destroyed large parts of the surrounding area. Recovery efforts in the years since have been slow, hampered by Lebanon's ongoing economic and political instability. However, port officials say a combination of strategic reforms, improved operational flow, and international partnerships have led to a renewed sense of optimism. Shipping companies have begun to reintroduce Beirut into their regular routes, a vote of confidence in the port's ability to handle cargo efficiently and securely. 'The port is working to further enhance the working environment and upgrade services to ensure this positive momentum continues,' the statement added. Beirut Port, alongside Rafic Hariri International Airport, remains one of Lebanon's most vital trade and logistics gateways. The new figures come as a welcome sign of economic resilience amid a broader national crisis. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Arts & Culture Lebanese Media: Fayrouz Collapses after Death of Ziad Rahbani Sports Get to Know 2025 WWE Evolution Results
