Dubai Plans for Net-Zero Emissions Transport by 2050   

A bus is charged at a station in Dubai. (Asharq Al-Awsat)
A bus is charged at a station in Dubai. (Asharq Al-Awsat)
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Dubai Plans for Net-Zero Emissions Transport by 2050   

A bus is charged at a station in Dubai. (Asharq Al-Awsat)
A bus is charged at a station in Dubai. (Asharq Al-Awsat)

Dubai's Roads and Transport Authority (RTA) has rolled out its "Zero-Emissions Public Transportation in Dubai 2050" strategy.

With this strategy, RTA aims to contribute to mitigating climate change and minimizing its carbon footprint across three areas: public transportation, buildings and related facilities, and waste management.

The new strategy is aligned with UAE's preparations for COP28 and the UAE Net Zero by 2050 Strategic Initiative.

RTA noted that the strategy is consistent with the goals of the Dubai Economic Agenda D33 to consolidate the emirate’s status as one of the world’s top urban economies.

The primary objectives include the decarbonization of all taxis, limousines, and public buses, designing buildings with near-zero energy consumption, sourcing energy from renewable sources, and eliminating municipal waste by sending zero waste to landfills.

The strategy will result in reducing carbon dioxide emissions by 10 million tons and realizing financial savings worth 3.3 billion dirhams ($898 million) in comparison to current operations.

"The new strategy outlines a comprehensive approach to sustainability within RTA. Its primary objective is to enhance sustainability and reduce carbon dioxide emissions. At the same time, it contributes to realizing RTA’s mission of achieving global leadership in smooth and sustainable mobility through innovative roads and transport services that elevate the customer experience to world-class standards," said RTA Director-General and Chairman of the Board of Executive Directors Mattar Al Tayer.

"The new strategy encompasses ten initiatives, covering various RTA sectors and agencies, in addition to partnerships with the private sector that contribute to implementing the strategy over five years. The strategy will review, adjust and align future goals with changing circumstances."

RTA's Board of Executive Directors reflected on various aspects, opportunities, and challenges associated with the new strategy and its implementation.

These include the costs of novel green technologies, the distribution of targets and their review over time, the importance of the availability of energy technology providers, particularly for electric buses and hydrogen fuel production stations, and other factors that contribute to the execution of the new strategy.

RTA has recorded significant accomplishments in sustainability. From 2014 to 2022, its energy and green economy initiatives have contributed to saving electricity by approximately 360 gigawatt-hours, and water savings of 300 million gallons, as well as saving around 88 million liters of gasoline, and 10 million liters of diesel. This is equivalent to avoiding 416,000 tons of equivalent emissions, yielding savings of approximately 420 million dirhams.



Saudi Industry Minister Explores Localization Opportunities with Airbus Helicopters

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and other officials during the meeting. (SPA)
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and other officials during the meeting. (SPA)
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Saudi Industry Minister Explores Localization Opportunities with Airbus Helicopters

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and other officials during the meeting. (SPA)
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and other officials during the meeting. (SPA)

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held talks Airbus Helicopters CEO Bruno Even on the sidelines of the World Defense Show 2026 in Riyadh to discuss joint opportunities for localizing aerospace industries and their supply chains in the Kingdom.

The meeting reviewed ways to strengthen industrial cooperation and expand strategic partnership opportunities in the localization of aircraft and helicopter manufacturing in Saudi Arabia, said a ministry statement on Tuesday.

It addressed ongoing efforts to localize the production of aluminum panels and titanium processing to support the requirements of the aerospace sector.

The talks underscored the importance of developing enabling models that attract Airbus Helicopters’ global suppliers and facilitate the establishment or expansion of their operations in the Kingdom, contributing to the resilience and sustainability of global aviation supply chains.

Separately, Alkhorayef met with leaders of the Technology Equipment Trading Establishment, which specializes in military industries. They discussed opportunities to localize defense industries in the Kingdom, the enablers supporting local content development, and initiatives to boost national capabilities in military manufacturing.


Bessent Says US, China Could Have Very Productive Relationship

US Secretary of the Treasury Scott Bessent, left, shakes hands with Chinese Vice Premier He Lifeng, right, during a bilateral meeting between the United States and China, in Geneva, Switzerland, on Saturday, May 10, 2025. (KEYSTONE/EDA/Martial Trezzini) /Handout via Reuters
US Secretary of the Treasury Scott Bessent, left, shakes hands with Chinese Vice Premier He Lifeng, right, during a bilateral meeting between the United States and China, in Geneva, Switzerland, on Saturday, May 10, 2025. (KEYSTONE/EDA/Martial Trezzini) /Handout via Reuters
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Bessent Says US, China Could Have Very Productive Relationship

US Secretary of the Treasury Scott Bessent, left, shakes hands with Chinese Vice Premier He Lifeng, right, during a bilateral meeting between the United States and China, in Geneva, Switzerland, on Saturday, May 10, 2025. (KEYSTONE/EDA/Martial Trezzini) /Handout via Reuters
US Secretary of the Treasury Scott Bessent, left, shakes hands with Chinese Vice Premier He Lifeng, right, during a bilateral meeting between the United States and China, in Geneva, Switzerland, on Saturday, May 10, 2025. (KEYSTONE/EDA/Martial Trezzini) /Handout via Reuters

US Treasury Secretary Scott Bessent said on Tuesday that the US relationship with China could be very productive and welcomed Beijing as a rival.

"The US-China relationship now is in a very comfortable place. We are going to be rivals, but we want the rivalry to be fair," Bessent said during an appearance at the ‌BTG Pactual ‌CEO Conference, held in Sao Paolo, Brazil. "We ‌do ⁠not want ‌to decouple from China, but we do need to de-risk."

Bessent is preparing to meet with Chinese Vice Premier He Lifeng in coming weeks ahead of a planned visit to China by US President Donald Trump in April.

The Treasury has not given details about the timing or venue for Bessent's meeting with He.

Bessent told the conference ⁠that the US was working on "retaking sovereignty" from China in strategic industries including ‌critical minerals, semiconductors and medicines.

"We're always ‍going to be competitors," he ‍said. "And I'm of the view that competition makes you better, ‍keeps you from stagnating."

In the long run, he said China would have to rebalance its economy, adding, "The world cannot have a situation where China persistently runs a $1 trillion trade surplus. That's just not possible."

Bessent and US Trade Representative Jamieson Greer spoke with He by phone in December, and both sides agreed to promote the ⁠stable development of bilateral trade and economic ties, China's official Xinhua news agency reported at the time.

Bessent last met with He in Malaysia in October, when both sides discussed a framework agreement under which Beijing agreed to defer export controls on rare earth supplies and Washington dropped a 100% US tariff on Chinese goods.

The US Treasury Secretary has said in recent weeks that China is on track to meet its commitments under a US-China trade agreement, including the purchase of 12 million metric tons ‌of US soybeans, by the end of February.


AlUla Conference for Emerging Market Economies Highlights Policies to Strengthen Resilience, Support Growth

The second AlUla Conference for Emerging Market Economies was held in AlUla on February 8–9 - SPA
The second AlUla Conference for Emerging Market Economies was held in AlUla on February 8–9 - SPA
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AlUla Conference for Emerging Market Economies Highlights Policies to Strengthen Resilience, Support Growth

The second AlUla Conference for Emerging Market Economies was held in AlUla on February 8–9 - SPA
The second AlUla Conference for Emerging Market Economies was held in AlUla on February 8–9 - SPA

At the conclusion of the second AlUla Conference for Emerging Market Economies, held in AlUla on February 8–9 and co-organized by the Saudi Ministry of Finance and the International Monetary Fund, Minister of Finance Mohammed Aljadaan and Managing Director of the International Monetary Fund Kristalina Georgieva issued a joint statement.

The statement expressed appreciation to emerging-market policymakers, leading global academics, and heads of regional and international financial institutions for convening once again in AlUla to discuss the key challenges facing emerging-market economies and the policies needed to strengthen resilience and support growth, SPA reported.

It noted that the second conference reaffirmed the value of a dedicated global forum focused on the shared challenges, opportunities, and aspirations of emerging market economies.

Over the two days, discussions centered on how emerging markets can navigate a global environment characterized by persistent uncertainty, geopolitical shifts, evolving trade patterns, and rapid technological change.

These developments, the statement said, underscore the urgency of strengthening policy frameworks and institutions to bolster resilience and seize opportunities ahead.

Several key messages emerged. First, sound macroeconomic and financial policies—underpinned by strong institutions and effective governance—remain the cornerstone of resilience in an increasingly shock-prone world. Experiences across many emerging markets demonstrate that credible policy frameworks and institutional upgrades have helped deliver better inflation outcomes, maintain financial stability, and preserve market access, even amid heightened uncertainty.

Second, having achieved greater stability, emerging markets now face the challenge of advancing to a new phase of reforms that deliver higher, more sustainable, and more job-rich growth. Unlocking private-sector potential will be central to this effort, including by deepening financial markets, reducing barriers to entrepreneurship and investment, and harnessing artificial intelligence through investments in digital infrastructure and skills development to help young people thrive in a changing global labor market.

Third, amid shifting trade and investment patterns, deeper intra-regional and inter-regional integration presents significant opportunities. Strengthening trade and regional cooperation remains critical as emerging markets adapt to the evolving global economic landscape.

According to SPA, the statement concluded by welcoming the commitment shown by emerging market economies to work together, learn from one another, and act decisively to address global challenges, and by expressing anticipation of continuing these discussions and building on the momentum at future editions of the AlUla Conference for Emerging Market Economies.