Registration has opened to participate in the COP28 UAE TechSprint. Financial innovators and developers are encouraged to submit their climate solution proposals ahead of the October 6 deadline.
COP28 has launched a financial technology initiative to drive progress in climate action.
Participants should be enthusiastic about addressing green and sustainable finance challenges with artificial intelligence, blockchain, internet-of-things and sensor technologies.
The official COP28 website says, "This pioneering initiative seeks to encourage the participation of financial innovators and developers from global private and public sector entities in fast-tracking innovative technology solutions to address challenges in green and sustainable finance."
Registration is now open and proposals will be reviewed by climate experts on October 6. Shortlisted entries will then be invited to develop their solutions.
An independent judging panel will then evaluate the solutions before choosing a winner. The competition's conclusion will be announced at an awards ceremony held at COP28 in December.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a phone call from Russian President Vladimir Putin on Saturday, during which they discussed various aspects of cooperation and joint efforts aimed at strengthening the strategic partnership between the two countries.
UAE Minister of State Lana Nusseibeh has held talks with International Maritime Organization Secretary-General Arsenio Dominguez on maritime security in the Strait of Hormuz and the Arabian Gulf.
The UAE's decision to exit the Organisation of the Petroleum Exporting Countries (OPEC and OPEC+) was a "sovereign strategic choice" and not "driven by political considerations", Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, said on Saturday.
His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, held a phone call with Maldives Foreign Minister Iruthisham Adam on Saturday to discuss bilateral relations and ways to strengthen cooperation between the two countries.