Global port operator DP World announced £1 million grant to support the work of two finalists of the Prince William's Earthshot Award for outstanding environmental innovations.
The announcement was made during Prince William’s visit to the Earthshot Prize Innovation Showcase at the DP World Pavilion at Expo 2020.
Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, said the funds will be split between Bahamas-based Coral Vita and Australia-based Living Seawalls.
Prince William highlighted that the "Earthshot mission is more than just a prize. It’s a global team effort to spark urgent optimism and game-changing innovation to transform our future."
"We all understand the importance of protecting our planet," Sultan Ahmed Bin Sulayem added. "With 90 per cent of global cargo traveling by sea, it is not surprising that protecting the ocean is very close to our hearts."
Queen Rania Al Abdullah of Jordan, who joined the event via video call, said, "Every sector has a role to play public, private, philanthropic. And the bottom line could not be clearer: If we work together, everybody wins."
Dubai Chambers and Standard Chartered signed a Memorandum of Understanding (MoU) to enhance collaboration aimed at fostering the growth of UAE businesses and supporting their expansion into promising global markets.
The OPEC+ alliance of oil-producing countries has postponed its next meeting on output policy to December 5 from December 1 to avoid a conflict with another event, OPEC said on Thursday.
The UAE and the Philippines have signed key agreements in several new areas of cooperation, including in culture, energy transition, AI, and diplomacy, during President Marcos’ working visit to the UAE this week.
The US Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter said on Wednesday.