UAE Initiative on Sustainable Agricultural Practices Launched

UAE Minister of Climate Change and Environment during the announcement of the initiative on Monday. (Asharq Al-Awsat)
UAE Minister of Climate Change and Environment during the announcement of the initiative on Monday. (Asharq Al-Awsat)
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UAE Initiative on Sustainable Agricultural Practices Launched

UAE Minister of Climate Change and Environment during the announcement of the initiative on Monday. (Asharq Al-Awsat)
UAE Minister of Climate Change and Environment during the announcement of the initiative on Monday. (Asharq Al-Awsat)

An initiative on sustainable agricultural practices was launched in the UAE on Monday, following the success of the inaugural edition of the Greenhouse Accelerator Program.

The initiative is a partnership between the UAE Ministry of Climate Change and Environment (MOCCAE) and Food Tech Valley and PepsiCo.

As part of the program with PepsiCo, the entities will offer technical and strategic mentorship to applicants participating in the program, as well as access to local and regional knowledge networks.

“By supporting the PepsiCo Greenhouse Accelerator Program: MENA Sustainability Edition, we are not only continuing the momentum from last year and expanding innovation in agriculture but also building on the country’s wider commitment to tackling climate change with clear vision and action,” said Mariam Almheiri, UAE Minister of Climate Change and Environment.

She added that with the UAE preparing to host COP28 and President of the UAE Sheikh Mohamed bin Zayed Al Nahyan announcing the year 2023 as the Year of Sustainability, “there will be an enormous spotlight on innovators who can develop solutions to optimize the valuable natural resources needed in agriculture.”

The minister went on to say that “from saving water and reducing electricity to rethinking processes and strategies, sustainable agriculture is the key to ensuring food security for everyone while being considerate of our shared environment.”

“Our best wishes accompany the start-ups who are dreaming big and putting their solutions on the map, where they can grow into opportunities that can sustain long-term economic and environmental prosperity.”

For his part, Project Lead for Food Tech Valley Ahmed AlShaibani said “establishing food security is a crucial part of the quest for a more sustainable future, especially in the MENA region.”

He added that “by engaging the latest technologies and inspiring start-ups who are at the forefront of innovation, we can help transform agriculture so that it can deliver sustainable local production and diversified imports that will enhance the self-sufficiency of countries and contribute to a sustainable global food supply chain.”

“We’re excited to see agriculture at the heart of this year’s PepsiCo Greenhouse Accelerator Program: MENA Sustainability Edition and we’re delighted to support this fantastic initiative that also feeds into our mission to build a smarter food system together.”

Through pep+, the company is working to source crops and ingredients in ways that restore the soil and strengthen farming communities, and the Greenhouse Accelerator Program is intended to unlock innovative and disruptive agricultural solutions in partnership with purpose-driven start-ups from the region.

Aamer Sheikh, CEO – Middle East, PepsiCo., said: “We understand the crucial role of innovation and sustainability in driving forward our pep+ strategy.”

“After seeing first-hand the positive impact felt by innovators during the first regional round of the Greenhouse Accelerator Program, we are proud to build on this momentum with a second edition – expanding the program to Egypt and playing a meaningful part in helping entrepreneurs tackle sustainability challenges.”

“With the region heavily reliant on imports, it's essential that we support the passionate change-makers working to make a significant impact through positive agricultural practices.”

“The private sector has an important role to play in addressing the major challenges facing the MENA region, such as food security, arid climate, scarce arable land, and limited water supply, and our goal is to lead by example,” he added.



New French Finance Minister Eyes 2025 Deficit Slightly Above 5%

FILE PHOTO: Newly appointed Minister for Economy, Finance and Industry Eric Lombard departs following a handover ceremony at the Bercy Economy and Finance Ministry in Paris, France, December 23, 2024.  REUTERS/Saboor Abdul/File Photo
FILE PHOTO: Newly appointed Minister for Economy, Finance and Industry Eric Lombard departs following a handover ceremony at the Bercy Economy and Finance Ministry in Paris, France, December 23, 2024. REUTERS/Saboor Abdul/File Photo
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New French Finance Minister Eyes 2025 Deficit Slightly Above 5%

FILE PHOTO: Newly appointed Minister for Economy, Finance and Industry Eric Lombard departs following a handover ceremony at the Bercy Economy and Finance Ministry in Paris, France, December 23, 2024.  REUTERS/Saboor Abdul/File Photo
FILE PHOTO: Newly appointed Minister for Economy, Finance and Industry Eric Lombard departs following a handover ceremony at the Bercy Economy and Finance Ministry in Paris, France, December 23, 2024. REUTERS/Saboor Abdul/File Photo

France's delayed 2025 budget bill will target a deficit of "slightly above 5%" in order to protect growth, the country's new finance minister said in a newspaper interview.
Eric Lombard, previously head of Caisse des Depots, the investment arm of the French government, will be tasked with steering through parliament a budget after the previous government lost a no-confidence vote in early December amid a backlash against its belt-tightening proposals.
Lombard's deficit objective for next year is higher than the 5% targeted by the last government. But it would still represent a drop from this year when the deficit is expected to widen to above 6% of gross domestic product.
"We need to amend this (budget) bill to establish a good budget. With a deficit slightly above 5% so as to protect growth," Lombard told La Tribune Dimanche.
"To protect growth, the reduction of the deficit must come more through reductions in public spending than through taxation," he said, adding that any tax increases should be "very limited.”
According to Reuters, he said he would consult all political parties in the French parliament and that the discussions would contribute to the government's budget proposals.
Lombard was named last Monday as part of Prime Minister Francois Bayrou's government.
Bayrou, who, like predecessor Michel Barnier, lacks a working majority in parliament, has said he aims to have a budget ready by mid-February.