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Global leaders gather in Baku to advance climate negotiations before COP29

Global leaders gather in Baku to advance climate negotiations before COP29
Participants of the Pre-COP, which include global climate leaders, government officials, constituencies, and delegates, pose for a family picture at the opening of gathering in Baku, Azerbaijan on Oct. 10, 2024. (COP29 photo)
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Updated 03 November 2024

Global leaders gather in Baku to advance climate negotiations before COP29

Global leaders gather in Baku to advance climate negotiations before COP29
  • Talks focus on finance and support for vulnerable communities
  • Azerbaijan’s President Ilham Aliyev urges agreement on key issues

The COP29 Presidency is hosting global climate leaders, government officials, constituencies, and delegates at Pre-COP in Baku, Azerbaijan, to discuss key environmental issues facing the planet.

The 3-day Pre-COP meeting, which started Oct. 10, provides an important platform for parties to advance climate negotiations ahead of the 29th Conference of the Parties to the UN Framework Convention on Climate Change, set to take place in November.

Pre-COP discussions are focusing on making progress on key priorities before COP29, including climate finance, the New Collective Quantified Goal, mitigation, adaptation, and supporting vulnerable communities, according to a press release issued by the organizers.

In an address delivered on his behalf by COP29 president-designate Mukhtar Babayev, President Ilham Aliyev of Azerbaijan emphasized the importance of agreeing an NCQG at COP29 that “meets the needs of the developing, least developed and small island developing states†and represents a “substantial increase†over the prior goal.

Aliyev said reaching this goal would require the collaboration of the international community. “Neither Azerbaijan in its capacity of the COP29 Presidency, nor any other state, can take decisions on behalf of others.

“Our role is to provide the platform for facilitating negotiations, which we believe we have been fulfilling impartially,†he said.

In his own address at the opening ceremony, Babayev recognized the progress made, while also calling for participants to act with urgency and use the Pre-COP meeting to build the foundation for a successful outcome at COP29.

“We are building bridges and momentum, but we need much more,†said Babayev. “We make progress when we come together, put differences aside, and engage in open and honest dialogue.â€

Setting out clear goals for each priority, he identified the need to “take seriously the responsibility for identifying a number over a timeframe and come forward with solutions.

“Qualitative elements of the goal such as transparency and accessibility are also essential to ensuring that the goal is both fair and ambitious.â€

Babayev also outlined goals for each of the other top negotiating priorities, including concluding work on Article 6 as a much-needed priority “crucial for directing financial and technical resources.â€

The aim was to turn pledges into signed contributor agreements to the fund for responding to loss and damage, and attracting “significantly greater contributions†to all funds.

This includes the Green Climate Fund and the Adaptation Fund, and responding to the call of the UAE Consensus to transition away from fossil fuels in a just and orderly manner.

Pre-COP is the latest milestone in Azerbaijan’s preparations for COP29, which will be a key moment in the global effort to limit global warming to 1.5 degrees Celsius and build resilience to climate impacts.

In the lead up to Pre-COP, the COP29 Presidency also convened an informal Heads of Delegation meeting on Oct. 8 in Baku, followed by the formal High-Level Ministerial Dialogue on the NCQG on Oct. 9.

Another Heads of Delegation meeting is scheduled for Oct. 12.

“COP29 will be a defining test for both the Paris Agreement and for multilateralism,†stated Babayev.

“The world is watching, and history will judge us on the outcomes we achieve. Success or failure at COP29 will be collective and each of us has a role to play. We must all offer the best of ourselves.â€
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Saudi finance minister heads Kingdom’s delegation to GCC’s financial, economic meeting

Saudi finance minister heads Kingdom’s delegation to GCC’s financial, economic meeting
Updated 03 October 2025

Saudi finance minister heads Kingdom’s delegation to GCC’s financial, economic meeting

Saudi finance minister heads Kingdom’s delegation to GCC’s financial, economic meeting
  • Ministers look at topics related to enhancing cooperation

KUWAIT CITY: Saudi Finance Minister Mohammed Al-Jadaan headed the Kingdom’s delegation in Kuwait at the 124th meeting of the GCC’s Financial and Economic Cooperation Committee.

The ministers looked at topics related to enhancing cooperation among the GCC (Gulf Cooperation Council) countries, and followed up on developments to achieve this goal.

They also discussed progress made by the Customs Union Authority and the course of its program — which supports the completion of the authority’s requirements — and the periodic report on the implementation of GCC Common Market tracks.

 


Saudi Falcons and Hunting Exhibition stamp launched

Saudi Falcons and Hunting Exhibition stamp launched
Updated 03 October 2025

Saudi Falcons and Hunting Exhibition stamp launched

Saudi Falcons and Hunting Exhibition stamp launched
  • The exhibition is being held at the headquarters of the Saudi Falcons Club in Malham (north of Riyadh) from Oct. 2 to Oct. 11

RIYADH: The Saudi Ministry of Interior, represented by the General Directorate of Passports, in cooperation with the Saudi Falcons Club, has launched a special stamp for the International Saudi Falcons and Hunting Exhibition 2025.

The exhibition is being held at the headquarters of the Saudi Falcons Club in Malham (north of Riyadh) from Oct. 2 to Oct. 11, the Saudi Press Agency reported.

The event is expected to attract 1,300 exhibitors and brands from more than 45 countries.

The stamp will be available to travelers arriving in the Kingdom through King Khalid International Airport in Riyadh, King Fahd International Airport in Dammam, King Abdulaziz International Airport in Jeddah, and the land border crossings in the Eastern Province during the exhibition period.

 


º£½ÇÖ±²¥, Mexico forge partnership on financial oversight and auditing standards

º£½ÇÖ±²¥, Mexico forge partnership on financial oversight and auditing standards
Updated 03 October 2025

º£½ÇÖ±²¥, Mexico forge partnership on financial oversight and auditing standards

º£½ÇÖ±²¥, Mexico forge partnership on financial oversight and auditing standards
  • Under the framework of this partnership, both audit institutions will collaborate on knowledge exchange, professional capacity building, and the development of standardized auditing protocols

MEXICO CITY: º£½ÇÖ±²¥ and Mexico have signed an agreement to strengthen cooperation in accounting, auditing, and professional oversight, marking a new chapter in their relations.

The agreement was inked in the Mexican capital by Hussam Al-Angari, president of the Saudi General Court of Audit, and David Colmenares Paramo, head of Mexico’s Supreme Audit Institution. The signing ceremony was attended by Fahad bin Ali Al-Manawer, the Saudi ambassador to Mexico.

Under the framework of this partnership, both audit institutions will collaborate on knowledge exchange, professional capacity building, and the development of standardized auditing protocols. The cooperation will encompass financial auditing, compliance reviews, and performance assessments through a series of joint workshops and targeted training initiatives addressing shared priorities.

The collaboration builds on both nations’ active participation in the International Organization of Supreme Audit Institutions.

Speaking at the signing, Al-Angari highlighted his institution’s strategic approach to cultivating bilateral ties with audit bodies across allied and partner countries.

 


KSrelief continues emergency shelter aid efforts

This help benefited 32,351 individuals from the most vulnerable groups affected by floods. (SPA)
This help benefited 32,351 individuals from the most vulnerable groups affected by floods. (SPA)
Updated 03 October 2025

KSrelief continues emergency shelter aid efforts

This help benefited 32,351 individuals from the most vulnerable groups affected by floods. (SPA)
  • KSrelief distributed 4,633 emergency shelter kits to the Punjab, Khyber Pakhtunkhwa, and Gilgit-Baltistan regions of Pakistan

KABUL: The Saudi aid agency KSrelief distributed shelter aid in eastern Afghanistan this week as part of the emergency response project to assist earthquake victims in the country.

This aid included 2,000 shelter kits, 2,000 tents, 10,000 blankets, and 2,000 kitchen utensil kits.

KSrelief also distributed 4,633 emergency shelter kits to the Punjab, Khyber Pakhtunkhwa, and Gilgit-Baltistan regions of Pakistan.

This help benefited 32,351 individuals from the most vulnerable groups affected by floods. The effort forms part of the fourth phase of the project to distribute shelter materials and winter kits in Pakistan in 2025.

Elsewhere, KSrelief distributed tents and shelter bags to 109 families affected by rain and floods in the Midi and Hayran districts of Yemen’s Hajjah Governorate. This aid benefited 763 individuals as part of the emergency shelter project in Yemen.

 


Saudi exhibition offers on-site VAT refunds for international jewelry buyers

Saudi exhibition offers on-site VAT refunds for international jewelry buyers
Updated 03 October 2025

Saudi exhibition offers on-site VAT refunds for international jewelry buyers

Saudi exhibition offers on-site VAT refunds for international jewelry buyers
  • The event is scheduled to run from Oct. 3-7 at the Four Seasons Hotel in Riyadh with over 100 international brands participating

RIYADH: At the upcoming “Jewels of the World†exhibition, on-site value added tax refunds will be available to international visitors through a partnership with Global Blue.

The event is scheduled to run from Oct. 3-7 at the Four Seasons Hotel in Riyadh with over 100 international brands participating. It will then move to the Jeddah Hilton from Oct. 11-14.

A development at this year’s event is the availability of these on-site VAT refunds.

“This signals º£½ÇÖ±²¥â€™s seriousness to become a global luxury tourism hub,†said Nader Freiha, director of the event.

“By making shopping in Riyadh more attractive for international visitors, we are positioning the Kingdom as a leading destination for high-end showcases.â€

Freiha told Arab News that the implementation was achieved in coordination with the Zakat, Tax and Customs Authority and Global Blue.

According to Freiha, the initiative aligns with international brand interest in the Saudi market.

“With global trade shifts, many brands are redirecting focus to the Kingdom, where demand is robust and the clientele is sophisticated,†he said.

The event will feature a mix of established houses and emerging designers. Regarding trends, Freiha pointed to a blend of global styles and an interest in natural pearls, which connect with the region’s heritage.

“The demand from international brands to access this market has never been higher,†Freiha said.

“When asked to characterize the current international appetite for the Saudi luxury consumer, it’s clear we’ve moved beyond curiosity to a strategic imperative,†he added.

“The most surprising aspect of curating the ‘biggest showcase of independent Italian jewellers’ hasn’t just been the quality, but the specific desire of these artisans to build long-term brand recognition in Riyadh, not just make sales.â€

In the lead-up to this edition, the excitement is genuinely balanced, but for different reasons, Freiha noted. 

“The established houses bring a sense of legacy and security, while the independent designers are generating a palpable buzz with their unique stories and avant-garde designs. It’s the difference between acquiring a masterpiece and discovering a future heirloom.â€

He highlighted a fusion of influences. “The most striking trend is the move towards bold, architectural forms that still incorporate cultural motifs, particularly a renewed fascination with rare natural pearls and vibrant, sculptural emeralds. It’s a dialogue between heritage and futurism.â€