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UAE is fast-tracking low-carbon economic growth to deliver new jobs, new industries

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The UAE is fast-tracking low-carbon economic growth to deliver new jobs, new industries and new revenue streams, said Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Special Envoy for Climate Change.

He was speaking at the Middle East and North Africa Climate Week (Menacw2022). Dr Al Jaber explained that the UAE is adopting a comprehensive, balanced and proactive approach to climate action and the energy transition that delivers sustainable economic growth.

“As a young country, and a responsible energy leader, the UAE has always faced the future with a positive mindset, and addressed challenges head-on. This is why we stopped flaring 30 years before the World Bank asked the industry to do so. It’s why we achieved 0.01 per cent methane intensity 20 years before the global pledge asking for a gradual reduction. It’s why we began to capture C02 (carbon dioxide) on an industrial scale before the UNFCCC (United Nations Framework Convention on Climate Change) called it an essential tool for de-carbonisation. And it’s why we became the first hydrocarbon producer to power our operations with zero-carbon energy,” Dr. Al Jaber added.

He pointed out that the UAE was also the first country in the region to sign and ratify the Paris Agreement, the first to commit to an economy-wide reduction in emissions, and the first to announce a Net Zero by 2050 Strategic Initiative. The UAE has chosen to lead in these areas because it views climate challenges “not just as problems to fix, but as opportunities to seize,” he underlined.

While the world mobilises investments for a new energy economy and addresses the climate challenge, Dr. Al Jaber emphasised that recent events have “reminded us that we cannot simply switch off the current energy system”.

“We all need to recognise that the energy transition will take time and require sober, thoughtful planning. It is more evident now than ever before that this cannot be rushed. The push to divest from hydrocarbons has led to a supply crunch that is having the biggest impact on the most exposed. The clear lesson is that we should not adopt climate policies that lead to energy poverty. We need to keep investing in low-cost, low-carbon energy that can provide the baseload power that the world relies on,” said Dr. Al Jaber.

He had reiterated this message during his speech at the Atlantic Council Global Energy Forum held at Expo 2020 Dubai.

On climate finance, he said it can be an effective tool for climate action as he urged the international community to do more and fulfil the $100 billion climate pledge made to developing nations over a decade ago.

“The international community continues to fall short of the $100 billion climate finance pledge they made to developing nations over a decade ago. We need bold targets going forward and we need to start treating climate risks as potential global security risks.

“We have taken a partnership approach focused on projects in countries most exposed to climate risks because we know that local resilience builds global resilience. We have provided over $1 billion in climate aid to more than 40 countries. And our experience tells us that once concessional finance is there, private finance will follow.”

He concluded by extending the UAE’s invitation to governments, the private sector, financial institutions, and civil society to partner on solutions that make sense for our climate and the economy. He said, “We should not have to choose between the two. We can and we must make progress on both.”

The Mena Climate Week aims to accelerate collaboration and integrate climate action into global pandemic recovery. Other dignitaries present at the opening ceremony of this first edition included Mariam bint Mohammed Almheiri, minister of climate change and environment, Saeed Mohammed Al Tayer, Chairman of the World Green Economy Organisation (Wgeo) and MD & CEO of Dubai Electricity and Water Authority (Dewa); and Patricia Espinosa, E
executive secretary of UNFCCC.

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Parkonic introduces new paid parking areas in Dubai Silicon Oasis

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Motorists visiting Dubai Silicon Oasis will notice a major change in parking operations as new Parkonic-managed on-street parking zones officially come into effect from June 1.

The latest expansion covers several areas surrounding Dubai Silicon Oasis, including locations near University Residence buildings, and forms part of Dubai’s broader transition towards a fully digital parking ecosystem.

Unlike traditional parking systems that rely on tickets, parking meters or pay-and-display machines, the new setup uses automatic number plate recognition technology to identify vehicles and process payments seamlessly. The system is designed to offer a faster and more convenient experience for drivers while supporting Dubai’s smart city ambitions.

Under the Parkonic model, parking charges can be automatically deducted through a vehicle owner’s Salik account, eliminating the need for manual payments. Drivers who prefer an alternative method can also pay via SMS by following the instructions displayed on parking signs within the designated zones.

As part of the rollout, authorities have confirmed that cash payments, parking meters and QR code transactions will no longer be accepted in the newly activated areas.

Parking fees will vary depending on the time of day. Motorists will be charged Dh4 per hour from midnight until 4pm, while peak-hour rates will increase to Dh6 per hour between 4pm and 8pm. Charges will then return to Dh4 per hour from 8pm until midnight.

The expansion reflects Dubai’s ongoing investment in smart mobility solutions aimed at simplifying everyday services for residents and visitors. By integrating parking payments with existing digital infrastructure such as Salik, authorities hope to reduce congestion, improve operational efficiency and create a more seamless urban mobility experience.

Drivers using the new zones are encouraged to familiarise themselves with the updated payment process and ensure their Salik account details are active and up to date to avoid potential penalties.

For motorists requiring assistance, Parkonic has made customer support available through its dedicated helpline and online support channels.

The latest rollout marks another step in Dubai’s journey towards a smarter, more connected transport network, where technology continues to replace traditional systems and enhance convenience for road users across the emirate.

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Dubai exit to Maliha Road closed nightly for 10 days: What drivers need to know

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Drivers travelling through Dubai during late-night hours are advised to plan after authorities announced a temporary closure of the exit leading to Maliha Road as part of ongoing Etihad Rail infrastructure development works.

The closure will be in effect daily from midnight until 6am, beginning on June 1 and continuing through June 10. During this period, the affected exit will remain inaccessible for 6 hours each night while construction work is underway.

Officials said the temporary measure is necessary to support progress on the Etihad Rail project, one of the UAE’s most significant transport infrastructure initiatives aimed at enhancing connectivity across the country.

Motorists who regularly use the route are encouraged to identify alternative roads and allow extra travel time, particularly during the overnight closure window. Traffic diversions and alternative access routes are expected to help minimise disruption for road users.

Authorities have urged drivers to follow road signs, adhere to traffic guidance and remain updated on any changes related to the works.

The temporary closure forms part of broader efforts to advance the UAE’s transport network and support future mobility projects that will improve travel efficiency and connectivity nationwide.

Officials also thanked motorists for their patience and cooperation during the construction period, while apologising for any inconvenience caused as work continues on the major infrastructure project.

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UAE fuel prices for June announced: Petrol edges closer to Dh4 a litre

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The UAE announced revised fuel prices for June 2026, with motorists set to pay significantly more for petrol while diesel costs decline compared to the previous month.

The latest adjustment is particularly notable as it marks the country’s first monthly fuel pricing update since formally leaving both OPEC and OPEC+ earlier this year.

Beginning June 1, Super 98 petrol will be priced at Dh3.95 per litre, up from Dh3.66 in May. Special 95 will rise to Dh3.83 per litre from Dh3.55, while E-Plus 91 will increase from Dh3.48 to Dh3.76 per litre.

In contrast, diesel users will benefit from a reduction, with prices falling from Dh4.69 per litre in May to Dh4.33 in June.

The latest increase extends a three-month upward trend in petrol prices, reflecting ongoing volatility in global energy markets and fluctuations in crude oil prices.

Impact on residents

For households across the UAE, fuel price movements remain a key economic indicator, influencing transportation costs, daily commuting expenses and overall household budgets. Rising petrol prices can have a noticeable impact on monthly spending, particularly for residents who rely heavily on private vehicles.

The June pricing announcement comes just weeks after the UAE officially ended its six-decade membership in OPEC and OPEC+, a move that took effect on May 1, 2026.

The revised prices will come into effect from June1, 2026.

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