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Dubai Mall set for $408 million expansion
  + stars: | 2024-06-05 | by ( Rebecca Cairns | ) edition.cnn.com   time to read: +2 min
CNN —Editor’s Note: This CNN series is, or was, sponsored by the country it highlights. United Arab Emirates real estate developer Emaar Properties announced Monday plans for a 1.5 billion dirham ($408 million) expansion of Dubai Mall. The 12-million-square-foot mall is already the largest shopping center in the world by total area, and the expansion will add a further 240 luxury stores, along with new food outlets. Emaar PropertiesLast year, Dubai welcomed a record number of tourists, and the mall says it received 105 million visitors last year, up 19% from 2022. Government initiatives including the Dubai Shopping Festival — launched in 1996 — have given the emirate a reputation for offering a premium shopping experience across dozens of malls.
Persons: Mohamed Alabbar, Majid Al Futtaim Organizations: CNN, United, United Arab Emirates, Emaar Locations: United Arab, Dubai Mall, Dubai, Burj, footfall, Emaar
Qatar hosts Hamas’ political office, but it is also home to a 10,000-troop US military base. Experts say it is unlikely Qatar will end its mediation role. Qatar's Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani gives a press conference with his Turkish counterpart in Doha on Wednesday. And on Monday, Democratic US Congressman Steny Hoyer accused Qatar of “blocking” progress in the talks. The Gulf state was also a Major Non-NATO Ally, as well as key energy supplier to Western states.
Persons: Sheikh Mohammed bin Abdulrahman Al Thani, ” Al Thani, , , Anna Jacobs, “ They’ve, ” Jacobs, Daniel Shek, ” Shek, Sheikh Mohammed bin Abdulrahman, Karim Jaafar, Israel, Benjamin Netanyahu, ” Majid Al Ansari, Netanyahu, James Comer, General Merrick Garland, Steny Hoyer, Jacobs, Joe Biden, NATO Ally Organizations: UAE CNN, Foreign, United States Congress, US, Qatar, Group, CNN, , Qatar's, Turkish, Wednesday, Qatari, Hamas, Washington DC, Democratic, Al Udeid, Al Udeid Air Base, NATO Locations: Abu Dhabi, UAE, Israel, Qatar, Doha, United States, Washington, Egypt, Gaza, Gulf, Brussels, Israeli, ” Qatar, Thani, AFP, Qatari, Al Udeid Air
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Sustainability is not just a technical challenge but a human challenge': Majid Al Futtaim CEOAhmed Galal Ismail, CEO of Majid Al Futtaim, stresses that "sustainability is not just a technical challenge but a human challenge" in conversation with CNBC's Dan Murphy at COP28.
Persons: Majid Al Futtaim, Ahmed Galal Ismail, CNBC's Dan Murphy Locations: COP28
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCOP28 DG says we need negotiated outcome, action agenda to achieve Paris climate targetCOP28 Director General Majid Al Sawadi discusses the announcement of the $30 billion Alterra fund and the agenda on the ground at the global climate change conference.
Persons: COP28, Majid Al Sawadi Locations: Paris
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUAE's Alterra climate fund will drive investment in the developing world: COP28 director-generalThe UAE's new $30 billion Alterra climate fund will "drive investment in the developing world and global south," COP28 Director-General Majid al-Suwaidi tells CNBC's Dan Murphy.
Persons: Majid al, CNBC's Dan Murphy
The world is heading for considerably less warming than projected a decade ago, but that good news is overwhelmed by much more pain from current climate change than scientists anticipated, experts said. Even though emissions of heat-trapping gases are still rising every year, they’re rising more slowly than projected from 2000 to 2015. “It requires the tearing out the poisoned root of the climate crisis: fossil fuels,” said United Nations Secretary-General Antonio Guterres. Guterres, numerous climate scientists and environmental activists all say what’s needed is a phase-out — or at the very least a phase-down — of coal, oil and gas. “This is throwing the global energy transition and humanity’s future into question.”___Read more of AP’s climate coverage at http://www.apnews.com/climate-and-environment.
Persons: That’s, It’s, , Niklas Hohne, Bill Hare, Rob Jackson, Ani Dasgupta, ” Dasgupta, Hare, Anne Olhoff, , ” Jackson, Melanie Robinson, that’s, Johan Rockstrom, Antonio Guterres, Sultan al, Jaber, Greta Thunberg, Adnan Amir, ’ ’, Majid Al Suwaidi, we’ve, Institute’s Hohne, Al Jaber, ” Hohne, Dasgupta, can’t, Inger Andersen, ” ___ Read, Seth Borenstein Organizations: United Nations, United Nations Environment, NewClimate, Stanford University, Project, Resources, UNEP, World Resources Institute, Potsdam Institute, Climate Research, Center for Biological Diversity, Biden Administration, Twitter, AP Locations: Dubai, Paris, Europe, Pakistan, Libya, Arab Emirates, , al, greenwashing, Russia, Ukraine
An agreement has been reached to extend the Israel-Hamas truce for another two days, the spokesman for Qatar’s Foreign Ministry said Monday. In turn, Israel released 39 Palestinian prisoners. Political Cartoons View All 1265 ImagesIsrael has said it would extend the cease-fire by one day for every 10 additional hostages released. Here’s what's happening in the war:QATAR SAYS ISRAEL AND HAMAS AGREE TO EXTEND TRUCE FOR TWO MORE DAYSQatar’s Foreign Ministry said Monday that an agreement has been reached to extend the Israel-Hamas truce for another two days. Hamas has released some hostages during a truce that began Friday in return for Israeli releases of Palestinian prisoners.
Persons: , Benjamin Netanyahu, — Elon, Majid Al Ansary, Elma Avraham, wasn’t, Tzachi Slotsky, Beer Sheba, Avraham’s, Tali Amano, Avraham, Amano, , , Cross, Jason Straziuso, ELON, Elon Musk, who’s, Isaac Herzog, Musk, ” Musk, Eylon Levy, Shlomo Karhi, ” Karhi, Riad, Malki, JERUSALEM, ” Yelena Magid, Roni Krivoi, ” Magid, UNRWA's, Morris Tidball, Alice Jill Edwards, Wang Yi, Wang Wenbin, ” Wang Wenbin, Frank, Walter Steinmeier, ” Steinmeier, “ Beeri, Hassan Fadlallah, Fadlallah, Islam, France’s, Samuel Paty, Charlie Hebdo, Jason J, Eaton Organizations: Qatar’s Foreign, Hamas, Sunday, Israel, Health Ministry, , Navy, Qatari Foreign, Soroka Medical, International Committee, ICRC Media, The Associated Press, Twitter, Israeli Ministry of Communications, Palestinian Foreign Affairs, European Union, Union for, Associated Press, United Nations, ISRAEL, BEIJING, Security, Chinese Foreign Ministry, ISRAEL BERLIN —, Beeri, Hezbollah, GO, PARIS —, MEN, UNIVERSITY OF VERMONT Police, University of Vermont, Burlington Police Department, Burlington Locations: Israel, Qatar, Egypt, Gaza, Tel Aviv, Barcelona, — U.S, israel, QATAR, ISRAEL, Beer, BARCELONA, Spain, Africa, HANOUN, Beit Hanoun, Geneva, New York, China, GERMANY, ISRAEL BERLIN — Germany, Beeri, BEIRUT, Iran, Lebanon, Aita, Paris, UNIVERSITY, Burlington
By Gloria DickieLONDON (Reuters) - The United Arab Emirates will not double up on hosting the United Nations' annual climate conference by holding next year's summit, according to leadership involved in the event. "The UAE has not been asked and has no intention of hosting COP29," Majid Al Suwaidi, director general of the COP28 summit, told reporters on Friday. "We will not be hosting COP29." Nations are scrambling to find an alternative venue for the event which sees representatives from nearly 200 countries gather to agree to joint efforts to tackle climate change. If a host for COP29 cannot be agreed, the location could revert to Bonn, Germany, where the U.N. climate secretariat is headquartered.
Persons: Gloria Dickie LONDON, Majid Al Suwaidi, Gloria Dickie, Kate Abnett, Alison Williams Organizations: United, United Nations, Union Locations: United Arab Emirates, Eastern Europe, UAE, Dubai, Ukraine, Bonn, Germany, London, Brussels
CNN —Hamas released two American hostages, Judith Tai Raanan and her 17-year-old daughter, Natali Raanan, on Friday after they abducted around 200 people from Israel in a deadly attack on October 7. They are being released on “humanitarian grounds” because the mother is in poor health, the same source said. US officials have not said whether they believe any of the American hostages are dead and have previously noted that all hostages are assumed alive. Amnesty International has said Israel’s “collective punishment” of Palestinian civilians for Hamas’ attack amounts to a war crime. “The families’ headquarters welcomes the release of hostages from Hamas captivity,” the Hostages and Missing Families Forum said in a statement to CNN.
Persons: Judith Tai Raanan, Natali, Daniel Hagari, Abu Obaida, Biden, , Qatar’s Ministry of Foreign Affairs Majid Al, Ansari, Joe Biden, , “ Jill, Israel, Antony Blinken, Rishi Sunak Organizations: CNN, Israel Defense Forces, Brigades, Qatar’s Ministry of Foreign Affairs, United Nations, Amnesty Locations: Israel, Gaza, Chicago, Nahal Oz, Qatar, ” Qatar, Israel’s, Mexico, Brazil, Thailand
[1/3] Cast member Hailee Steinfeld attends the premiere for Spider-Man: Across the Spider-Verse in Los Angeles, California, U.S., May 30, 2023. The UAE Media Council on Monday said on Twitter it "will not allow the circulation or publication of content contrary to the values and principles of the UAE and the standards of media content in force in the country." Several cinema customer service lines did not say why the film was not listed and government bodies in the UAE, Saudi Arabia and Qatar did not immediately respond to requests for comment. In June 2022 the UAE banned Walt Disney-Pixar's animated feature film "Lightyear" from screening because it features characters in a same-sex relationship. The youth and culture ministry said it "violated the nation's media content standard".
Persons: Hailee Steinfeld, Mario Anzuoni, Vox, Majid Al Futtaim, Majid Al Futaim, Gwen Stacy, Abdullah Al, Sami, Walt Disney, Yousef Saba, Lisa Barrington, Andrew Mills, Nafisa Eltahir, Mohammed Benmansour, William Maclean Organizations: REUTERS, United, Vox Cinemas, Vox, Novo, Reel, Reuters, UAE Media, Walt, Thomson Locations: Los Angeles , California, U.S, DUBAI, United Arab Emirates, United States, Gulf, UAE, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain, Saudi, Riyadh, Dubai, Doha, Nafisa, Cairo
An unavoidable tension surrounds this year’s United Nations-sponsored climate talks in November: They will take place in the oil-rich United Arab Emirates, and the most important role at the talks is held by the man who heads the national oil company. The executive, Sultan al-Jaber, and other representatives of the Emirates have argued that they have a “game changing” plan to fight climate change by welcoming oil and gas companies from around the world to participate more fully in the talks. In other words, invite the producers of the fuels that cause the majority of global warming as key players in developing a plan to slow the warming. In an interview, Majid al-Suwaidi, an Emirati diplomat who will also play a major role at the climate talks, known by the acronym COP28, said, “We need to engage the people who have the technical know-how, the skills, the technology — and, by the way, the people who provide jobs — in a conversation about how they transform.”To activists who have attended these conferences for years, that notion sounds far-fetched. “It’s just like how tobacco lobbyists need to be kept out of conversations about cancer prevention,” said Catherine Abreu, who heads Destination Zero, a network of nonprofits working on climate issues.
Persons: Sultan al, Jaber, Majid al, , “ It’s, Catherine Abreu Organizations: United Nations, United, Emirates Locations: United, United Arab Emirates
The UAE will host the COP28 climate summit from Nov. 30 through to Dec. 12. The director general of COP28 on Thursday defended the appointment of oil executive Sultan al-Jaber, describing the Abu Dhabi National Oil Company CEO as the "perfect person" to lead the climate talks. The UAE, the third-largest oil-producing member of the OPEC alliance, will host the COP28 climate summit from Nov. 30 through to Dec. 12. Asked by CNBC's Dan Murphy to respond to the calls to remove al-Jaber as president-designate of the summit, COP28 Director General Majid al-Suwaidi said: "This is a discussion that we've seen a lot in the media. "As the UAE we've been really focused on how do we deliver the results we need for COP28 and I know that Dr. Sultan is the perfect person to do that.
Persons: Sultan al, Jaber, COP28, Joe Biden, Ursula von der Leyen, Bernie Sanders, Elizabeth Warren, CNBC's Dan Murphy, Majid al, Suwaidi, we've, , they're, Sultan Organizations: Abu, Abu Dhabi National Oil Company, European, United, U.S, UAE we've Locations: UAE, COP28, Abu Dhabi, United Arab Emirates
Watch CNBC's full interview with UAE COP28 director-general
  + stars: | 2023-06-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with UAE COP28 director-generalLarge emitters “need to be at the table,” UAE COP28 Director-General Majid Al Suwaidi tells CNBC’s Dan Murphy ahead of the U.N. Climate Conference in November.
Persons: Majid Al Suwaidi, CNBC’s Dan Murphy Organizations: UAE COP28, Climate Conference
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLarge emitters 'need to be at the table,' COP28 director general says ahead of UAE meetingLarge emitters "need to be at the table" at COP28 in the UAE, the conference's Director-General Majid Al Suwaidi tells CNBC, as the fossil fuel producer faces criticism ahead of November's climate talks.
Persons: Majid Al Suwaidi Organizations: CNBC Locations: UAE, COP28
"Because of higher prices, people are buying smaller amounts of groceries overall and may have become more careful not to waste food." "Despite all of that, (there are) 8% to 12% missing items on shelves," he said. "This has created a major, major issue around out-of-stock" in most of the 16 Middle Eastern countries where the company operates, he said. Laurent Thoumine, Accenture's Europe lead for retail, said supermarkets in Britain, France, Germany, Italy and Spain have had the worst stock issues. Products that are scarce in some stores include ketchup, pasta, chocolate, tea, potato chips, toothpaste and pet food, according to Nielsen IQ's Data Impact.
DUBAI, March 16 (Reuters) - Dubai's Majid Al Futtaim (MAF) has cut 105 jobs out of its total staff of 46,000, the Middle Eastern shopping mall developer and operator told Reuters, as its new CEO seeks to boost returns. Three sources familiar with the move said it was part of a restructuring following the abrupt removal of former chief executive Alain Bejjani in January. "These measured actions and continuous business-as-usual reviews enable Majid Al Futtaim to deliver competitive returns to our shareholders while maximising opportunities for value accretive, profitable and sustainable growth," it added. MAF was founded by Emirati businessman Majid Al Futtaim, whose death at the end of 2021 was announced by Dubai's ruler Sheikh Mohammed bin Rashid al-Maktoum, who paid tribute to him as one of the emirate's pioneers. Reporting by Hadeel Al Sayegh; Editing by David Goodman and Mark PotterOur Standards: The Thomson Reuters Trust Principles.
Jars of Nescafe Gold coffee by Nestle are pictured in the supermarket of Nestle headquarters in Vevey, Switzerland, February 13, 2020. Russia's invasion of Ukraine has propelled energy and grain prices to all-time highs, driving up the cost of packaged goods. That has been felt particularly acutely in parts of Asia and North Africa, where people spend a higher proportion of income on food and fuel than in the United States and Europe, prompting some shoppers to stockpile non-perishable items. "Nestle is seeing hoarding with bouillon, to an extent soups, coffee for sure," Al Bitar told Reuters. Several countries in North Africa and Central Asia are suffering recurring shortages of basic necessities.
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