Latest news with #sustainable development
The National
17 hours ago
- Business
- The National
President Sheikh Mohamed and India's Modi explore ways to bolster ties
President Sheikh Mohamed and Indian Prime Minister Narendra Modi reviewed efforts to strengthen ties under a strategic partnership in place between the nations in a phone call on Wednesday. The two leaders spoke of their desire to promote sustainable development for their countries during the talks, state news agency Wam reported. Sheikh Mohamed congratulated Mr Modi on becoming the second longest-serving prime minister in India's history. Mr Modi, 74, came to power in May 2014 and won a third consecutive term following national elections in June 2024. He has overtaken former prime minister Indira Gandhi, who served from January 1966 to March 1977. India's longest-serving prime minister is Jawaharlal Nehru, who was in office from August 15, 1947, to May 27, 1964. India and the UAE enjoy a deep-rooted friendship that dates back to the formation of the Emirates. The UAE is home to more than 3.5 million Indians, the largest expatriate community in the country. The UAE and India in April signed eight initial pacts across sectors from logistics to health care that are aimed at boosting economic ties. The preliminary agreements also cover industries including infrastructure, higher education, maritime services, logistics and private sector engagement. They were signed during the official visit to India by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence.
Khaleej Times
18 hours ago
- Business
- Khaleej Times
UAE President congratulates India's Modi for being second-longest Prime Minister
The UAE President and India Prime Minister Narendra Modi got on a phone call today during which the two leaders discussed important issues of interest. UAE President Sheikh Mohamed and Narendra Modi, discussed various aspects of cooperation and joint work within the framework of the comprehensive strategic partnership between the UAE and India. They also focused on ways to develop it to serve their mutual interests and achieve the goals of sustainable development and prosperity for the people of both countries. The UAE Ruler and Modi affirmed their keenness to continue strengthening relations between the two countries and their shared vision to invest in all available cooperation opportunities for a more prosperous future for their peoples. The UAE President also congratulated Prime Minister Narendra Modi on his historic achievement of becoming the second longest-serving Prime Minister in the history of his country, wishing him continued success in serving India and its people. PM Modi thanked the UAE leader for his congratulations and the kind sentiments he expressed towards India and its people.
The Guardian
19 hours ago
- Business
- The Guardian
Adani claims its export program helps contribute to sustainable energy – but experts say that's ‘wilful disinformation'
An Adani claim that its Australian export program, whereby coal is sent through the Great Barrier Reef's shipping channels, is advancing the United Nations' sustainable development goals has been denounced by leading scientists. Adani's Queensland export site claims its operations 'ensure access to affordable, reliable, sustainable and modern energy for all', which is one of the UN's 17 sustainable development goals. Australia, along with other UN members, adopted the goals in 2015, designed to address global challenges including poverty, justice, environmental degradation and climate change. The relevant UN goal is chiefly concerned with providing affordable and clean energy, which it says requires a substantial increase in renewable energy. Adani's North Queensland Export Terminal (NQXT) near Bowen has the capacity to export 50m tonnes of coal a year. In its latest sustainability report, NQXT says it supports the UN goal by 'enabling the export of high-quality Australian coal to the world'. One of Australia's leading experts on the development goals, Prof John Thwaites, said the word 'sustainable' in the UN goal was key. 'I would argue that to 'support the advancement of the sustainable development goals', energy and port operations need to support sustainable energy,' said Thwaites, the chair of the Monash Sustainable Development Institute. 'Simply exporting coal is not achieving or supporting the sustainability objective of the goals.' Sign up to get climate and environment editor Adam Morton's Clear Air column as a free newsletter He said there were also numerous references in the UN goals for the need to take action on climate change, and that 'simply exporting coal which will be burned and produce greenhouse gas emissions overseas' is not supportive of this. Another leading expert on the UN agenda, Dr Cameron Allen, said the intention of the energy development goal was to 'focus on sustainable energy and clean energy and I don't think fossil fuels or coal falls into that'. 'I don't think anyone would agree that it's in line with the aims of that goal,' said Allen, from Monash University. 'Exporting coal isn't in line with the sentiment … or the language of the goal, which includes the word sustainable. The international climate change agreements also make it clear that burning fossil fuels is not sustainable.' Guardian Australia has been scrutinising various claims made by Adani after finding that its Carmichael coal operation has paid zero corporate tax in more than three years of operation, and may never do so. The Indian conglomerate had pledged to plough billions of dollars into the Australian economy through taxes and royalties when it was going through the contested approvals process to establish an open-cut coalmine in the Galilee Basin. In response to questions about how its operations advance the UN sustainability goals, a spokesperson for Adani's Australian mining business, which is branded Bravus Mining and Resources, said coal exports helped combat poverty. Sign up to Clear Air Australia Adam Morton brings you incisive analysis about the politics and impact of the climate crisis after newsletter promotion 'Developing nations in the Asia Pacific region use coal from the Carmichael mine alongside renewables to provide reliable and affordable energy solutions that help reduce poverty and power growth,' the Bravus spokesperson said. Adani's port facility website also says its operations align with a UN goal to protect terrestrial ecosystems by managing its water on-site next to neighbouring wetlands. Traditional owners have raised concerns over the threat posed by the coal operations to the nearby Caley Valley, in claims rejected by Adani. In 2017 and 2019, flood waters were released from the port into the wetland. In the 2017 incident, the Queensland government later found the water that turned areas of the wetlands black from coal dust had not caused a widespread impact. Adani's Carmichael mine, rail and port operation is among the most politically divisive projects in Australia, given it has opened up new fossil fuel reserves in a sensitive location at a time the country has pledged to transition to renewables. Claire Snyder, director of watchdog group Climate Integrity, said the NQXT claim amounted to aggressive greenwashing. 'Framing coal exports as a contribution to sustainable development undermines global climate goals, misleads the public, and uses the authority of the UN to legitimise ongoing harm,' Snyder said. 'Given what we know about coal's role in driving climate breakdown, this is wilful disinformation and meaningless sustainability waffle to protect the social licence of coal.'
Zawya
2 days ago
- Business
- Zawya
HDBank: A Leading Vietnamese Bank Named Among ASEAN's Top 5 in Corporate Governance for 2025
HO CHI MINH CITY, VIETNAM - Media OutReach Newswire - 29 July 2025 - The Ho Chi Minh City Development Commercial Joint Stock Bank (HDBank) has been named one of the Top 5 Vietnamese listed companies with the best corporate governance practices at the prestigious ASEAN Corporate Governance Awards 2025, held on July 24 in Kuala Lumpur, Malaysia. The award is based on the ASEAN Corporate Governance Scorecard (ACGS) conducted by the Minority Shareholders Watch Group (MSWG) in collaboration with the ASEAN Capital Markets Forum (ACMF) and the Asian Development Bank (ADB), and involves a highly selective evaluation process. The recognition highlights HDBank's unwavering commitment to over a decade of innovation, transparent and modern governance, and the successful integration of ESG, digital transformation, and sustainable development into business operations. The awards ceremony was attended by high-level dignitaries, including Malaysia's Investment, Trade and Industry Minister Tengku Zafrul Abdul Aziz, alongside leaders from financial organisations, international investors, and corporate governance experts. Key discussions at the event centered on critical themes such as transparency, ESG integration, board diversity, digital transformation, and protection of shareholder rights. Mr. Kim Byoungho, Chairman of HDBank, said: "HDBank is committed to upholding the highest standards of governance – transparency, efficiency, and sustainable development – as the foundation of our international integration strategy." HDBank's more than decade-long journey of innovation bears the distinct imprint of Dr. Nguyễn Thị Phương Thảo, Permanent Vice Chairwoman of the Board. As a pioneering leader, she laid the foundation for HDBank's modern banking model, driven by advanced technology, human-centric values, and a vision for global integration. This consistent pursuit of excellence has earned HDBank recognition as one of Vietnam's Top 5 leading enterprises in corporate governance for 2025, placing it alongside major names like Vinamilk, FPT, and VPBank. This significant achievement not only solidifies the position and reputation of Vietnamese banks on the international financial map but also inspires HDBank to continue spreading impactful values to the community, investors, and the broader economy. Hashtag: #HDBank The issuer is solely responsible for the content of this announcement. HDBank
Yahoo
3 days ago
- Business
- Yahoo
Autonomous University of Sinaloa (UAS) and Pacifico Mexinol initiate study to assess the economic impact of the project in northern Sinaloa
The studies aim, among other things, to estimate the direct and indirect economic effects of the investment in terms of employment, income, added value, and social well-being; identify regional development opportunities; and propose strategies to ensure the project's sustainability and its harmonious integration with the local socioeconomic environment. The Autonomous University of Sinaloa (UAS), through the Research and Graduate Studies Directorate, the Technology Transfer Office, and the School of Economic and Social Sciences, led by Dr. Luis Armando Becerra Pérez, an economist with extensive experience in renewable energy and sustainable development, will be in charge of this phase of the project. LOS MOCHIS, Sinaloa, Mexico, July 28, 2025--(BUSINESS WIRE)--As part of an ongoing joint effort between the academic and commercial sectors, stemming from a Collaboration Agreement between the Autonomous University of Sinaloa (UAS) and Pacifico Mexinol (a subsidiary of Transition Industries) signed in 2024, this new phase of the project will continue to transparently document and study the economic effects of the world's largest ultra-low-carbon methanol plant, located near Topolobampo, Ahome, Sinaloa. The Pacifico Mexinol project is aligned with the UN Sustainable Development Goals by promoting the use of clean energy, the utilization of treated wastewater, and climate change mitigation. It also protects local ecosystems and is expected to generate thousands of jobs, driving the region's economic development. "Transparency of information is one of our core values. This project not only furthers our commitment to partnering with higher education institutions in the state to support research, training, and development programs, but will also provide much-needed data on the true economic development benefits for Sinaloa provided by Pacífico Mexinol." Karin Nunan, Head of Corporate Affairs, Transition Industries. This study seeks to quantify the economic impacts of the Pacifico Mexinol project, as well as generate transparent and useful information for decision-making that benefits nearby communities. By identifying local development opportunities, social needs, and potential risks, the analysis will contribute to the design of strategies that promote the harmonious integration of the project with its surroundings under Pacifico Mexinol's Good Neighbor Program and the Project's IFC-aligned Environmental and Social Impact Assessment (ESIA) for economic inclusion, community participation, and respect for the rights of local populations. Overall, the study represents a key tool for ensuring that industrial development translates into shared well-being and equitable growth. "Based on the Institutional Development Plan With a Vision for the Future 2029, the National Development Plan, and President Sheinbaum's Mexico Plan, the Autonomous University of Sinaloa is firmly committed to strategic engagement for local, national, regional, and global development, helping to integrate and strengthen, together with the commercial sector, a more just, equitable, sustainable, productive, and humanistic Mexico, and thus generate synergies with society to maximize this development hub presented by our President and Pacífico Mexinol." Dr. Jesús Madueña Molina, Rector. The analysis will be developed through a combination of three complementary approaches: 1) Structural econometrics, to model causal relationships between key economic variables, 2) Machine learning, to detect complex patterns in large volumes of data and simulate future scenarios, and 3) Input-output matrices, to estimate the multiplier effects of the project on the regional economy. Given that economic simulators only exist at the national level in Mexico, collaboration will be sought with the National Institute of Statistics, Geography, and Informatics (INEGI) to adapt models and parameters to the local context, thus increasing the accuracy of the estimates. Dr. Luis Armando Becerra Pérez holds a PhD in Economics from the Autonomous University of Baja California (UABC), with a postdoctoral degree in Renewable Energy and Sustainability. He holds a Master's degree in Economics from UNAM and a Bachelor's degree in Economics from UAS. He is currently a full-time professor and researcher at the Faculty of Economic and Social Sciences at UAS, and a member of the National System of Researchers (SNI) Level II. His research focuses on bioenergy, environmental economics, and sustainable development, with notable publications in national and international journals. He has held academic residencies at international universities such as Yale and Harvard, as well as at institutions in Canada, Colombia, and Brazil, and has been recognized with the Sinaloa State Journalism Award. About the Autonomous University of Sinaloa (UAS) The Autonomous University of Sinaloa (the third largest of the State Public Universities nationwide) comprises an academic, scientific, technological, athletic, and cultural space where diverse expressions of universal thought coexist harmoniously. The cultivation of science, technology, and the humanities translates into increasingly vigorous academic activities. Through the General Directorate of Research and Graduate Studies and the Technology Transfer Office attached to this directorate, the UAS seeks to protect inventions generated at the UAS and promote the transfer of knowledge that contributes to the economic development of the region, the country, and the world. For more information, please email ott@ About Transition Industries Transition Industries LLC, based in Houston, Texas, develops global-scale, net-zero carbon methanol and green hydrogen projects in North America to address climate change and promote environmental and social sustainability. For more information about Pacífico Mexinol or Transition Industries, please email inquiries@ View source version on Contacts Karin NunanGlobal Head of Corporate Affairsknunan@
