ADSW Calls for New Opportunities to Address Global Sustainability Challenges

Abu Dhabi Sustainability Week 2019 (logo)
Abu Dhabi Sustainability Week 2019 (logo)
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ADSW Calls for New Opportunities to Address Global Sustainability Challenges

Abu Dhabi Sustainability Week 2019 (logo)
Abu Dhabi Sustainability Week 2019 (logo)

Abu Dhabi Sustainability Week 2019 discussed solutions for the current challenges the world is facing and new opportunities to address global sustainability challenges, under the theme titled ‘Industry Convergence: Accelerating Sustainable Development’.

UAE Vice President, Prime Minister and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates Armed Forces, Sheikh Mohammed bin Zayed Al Nahyan, and a number of international leaders, global heads of state, local dignitaries and business leaders attended the opening ceremony of Abu Dhabi Sustainability Week 2019.

Sheikh Mohammed bin Rashid said sustainability was a key pillar in the UAE based on the legacy of sustainability established by the nation’s Founding Father Sheikh Zayed bin Sultan Al Nahyan.

“We look forward to working with our partners around the world to find the solutions that will help us achieve the happiness and comfort of our people and ensure their future,” the Sheikh added at the opening ceremony.

He pointed out that ADSW represented a platform for stimulating global dialogue and mobilizing energies to develop strategies and frameworks to achieve sustainable development, while this year's focus was on integrating sectors and uniting efforts to reach solutions to meet global challenges.

“Abu Dhabi Sustainability Week is a platform that brings together the whole world in the UAE to discuss responsible and serious efforts and innovative ideas aimed at building a sustainable world that will ensure future generations a stable and secure life of energy, water and food.”

“Supporting all efforts to achieve concrete practical steps to ensure the implementation of sustainability objectives remains a fundamental approach in our country,” asserted Sheikh Mohammed.

Sheikh Mohammed bin Zayed Al Nahyan indicated that under the leadership of the President, Sheikh Khalifa bin Zayed Al Nahyan, UAE supported global efforts to achieve the United Nations’ Sustainable Development Goals and continued to play a leading role in stimulating various initiatives that served humanity.

Sheikh Mohammed stressed that it was the role of the UAE to establish a culture of sustainability in society and to empower women and young people to continue the process of sustainability in all sectors and at all levels.

Also, at the opening ceremony, UAE Minister of State and Chairman of Masdar, Sultan al-Jaber, delivered the welcome address to the ADSW saying that UAE’s pursuit of renewable resources is a natural extension of our existing energy leadership and commitment to sustainability.

“It is a reflection of our leaders’ dedication to addressing global challenges, in close partnership with the global community. We are building bridges across borders and bringing the public and private sector together around a single common cause.”

Jaber indicated that entering the fourth industrial age, artificial intelligence, big data and the internet of things are multiplying efficiencies and redefining possibilities, across each and every industry. He explained that this era of industrial convergence has the potential to completely transform the sustainability landscape.

“At this year’s ADSW we are focusing on the symbiotic relationship between sectors to create lasting and tangible impact.”

The minister indicated that UAE is committed to partnering with the international community in the pursuit of sustainable development.

“We are committed to advancing research and development of promising and commercially viable forms of clean technology. And we are committed to investing in the next generation of sustainability innovators. This commitment is embedded in the defining principles of a progressive, inclusive, tolerant and forward-thinking United Arab Emirates.”

Speaking at the ceremony, Special Envoy of Chinese President Xi Jinping and Director of the Office of Foreign Affairs of China, Yang Jiechi, delivered a keynote speech, stressing that China would work with UAE and the international community to fully implement the 2030 agenda for sustainable development.

“Abu Dhabi Sustainability Week is an important forum where development philosophies and brilliant ideas are shared,” he said.

Yang explained that through ADSW, the world sees a high-yielding oil producer that keeps fuelling the global economy and an incubator of new development ideas that provide intellectual impetus to human progress.

“For today’s China, the pursuit of green, low-carbon, sustainable development has become a responsibility essential for the building of a shared future for mankind.”

It is imperative that all parties pull strength to precipitate a scientific and technological revolution in the energy sector as that is the only way to bring about a disruptive technological breakthrough needed to attain net zero greenhouse gas emissions by 2050, according to the Chinese official.

To align more closely with the UAE Vision 2021 and the UN Sustainable Development Goals (SDGs), ADSW has widened its scope beyond renewable energy.

ADSW 2019 addresses global sustainability challenges and opportunities on the six pillars of energy and climate change, water, future mobility, space, biotechnology and tech for good.

Abu Dhabi Sustainability Week is a global platform for advancing the world’s sustainable development. The platform provides an opportunity for participants to track the latest technology trends and showcase how the industry is adapting and evolving.



Saudi Stocks Rebound 0.9%, Recouping Previous Session's Losses

An investor monitors stock market data on a screen at the Saudi Exchange (Tadawul) in Riyadh (Reuters)
An investor monitors stock market data on a screen at the Saudi Exchange (Tadawul) in Riyadh (Reuters)
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Saudi Stocks Rebound 0.9%, Recouping Previous Session's Losses

An investor monitors stock market data on a screen at the Saudi Exchange (Tadawul) in Riyadh (Reuters)
An investor monitors stock market data on a screen at the Saudi Exchange (Tadawul) in Riyadh (Reuters)

Saudi stocks closed higher on Monday, recovering some of the losses sustained in the previous session as heavyweight shares strengthened and the banking sector advanced.

The benchmark Tadawul All Share Index (TASI) rose 0.90% to close at 10,106 points, gaining 90 points. Total trading value reached approximately SAR 3.5 billion ($933 million).

The index had fallen 0.8% on Sunday amid selling pressure on heavyweight stocks.

Anaam International Holding Group, Fitaihi Holding Group and Raoom were among the session's top gainers, rising between 7% and 9% to close at SAR 11.93, SAR 2.11 and SAR 72.30, respectively.

On the losing side, Almunajem Foods led the declines, shedding 9.20% to SAR 49.94, followed by Saudi Paper Manufacturing Co., which fell 6.18% to SAR 48.88, and Alamar Foods, which dropped 4.63% to SAR 44.06.

At the sector level, banks led the gains, advancing 1.60%, supported by a 2.06% rise in Bank AlJazira shares, which closed at SAR 10.89.


Tesla to Refund Many Cybertruck Deposits as Demand Exceeds Production, Musk Says

Tesla Cybertruck electric vehicles sit parked in a storage lot in San Diego, California on April 11, 2025. (AFP)
Tesla Cybertruck electric vehicles sit parked in a storage lot in San Diego, California on April 11, 2025. (AFP)
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Tesla to Refund Many Cybertruck Deposits as Demand Exceeds Production, Musk Says

Tesla Cybertruck electric vehicles sit parked in a storage lot in San Diego, California on April 11, 2025. (AFP)
Tesla Cybertruck electric vehicles sit parked in a storage lot in San Diego, California on April 11, 2025. (AFP)

Tesla will have to refund Cybertruck deposits for many customers as orders far exceed production capacity, CEO Elon Musk said, following last week's announcement that the electric vehicle maker is winding down the pickup truck's production at its Texas factory.

"We will try ‌to make ‌as many as ‌possible ⁠before shutting down the ⁠line in about 8 months, but will have to return deposits for a lot of people," the billionaire said in a post on X on Monday.

The comments ⁠come after Musk said ‌Tesla would ‌add an extra production shift to fulfill outstanding ‌Cybertruck orders before dismantling the production ‌line next year to expand output of its Cybercab robotaxi.

The production winddown is slated for mid-2027, Musk announced on ‌Friday, with the resources being redirected to the Cybercab, a vehicle ⁠central ⁠to the automaker's autonomous-driving ambitions.

Tesla began delivering the Cybertruck in late 2023, but demand has fallen far short of Musk's expectations. US sales fell 48% to 20,237 units last year, according to Kelley Blue Book, well below Musk's earlier projection that annual Cybertruck sales could reach 250,000 vehicles.


China Extends Suspension of New Rare Earth Controls Until January

A mining machine is seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. (Reuters)
A mining machine is seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. (Reuters)
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China Extends Suspension of New Rare Earth Controls Until January

A mining machine is seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. (Reuters)
A mining machine is seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. (Reuters)

China on Monday announced a two-month extension of export-control waivers due to expire this month, preserving part of a wide-ranging deal struck after a summit between Presidents Xi Jinping and Donald Trump.

China introduced export controls on certain rare earths ‌in April 2025, ‌only to expand ‌them ⁠further in October ⁠of that year, dramatically widening their scope and also adding new controls on certain diamonds with industrial applications and lithium battery technology.

The measures were then ⁠paused for one year last ‌November after ‌a summit in South Korea ‌between Xi and Trump.

The Ministry of ‌Commerce said in a short statement on Monday that the pause would be extended for two months ‌until January 10. It gave no other details.

The extension ⁠is ⁠part of a broader suspension of trade countermeasures and tariffs announced by China on Monday as it negotiates with Washington over an enduring trade deal.

Trump is set to travel to Shenzhen in southern China later this month for an APEC leaders summit, where he is expected to meet with Xi.