By Arab NewsBy Alex WhitemanMaturation of Gulf states’ economies presents further opportunities to deepen the relationship between the region and the UK, the new Lord Mayor of the City of London told Arab News before departing for COP28 in the UAE. “When it comes to that investment it’s enormously welcome, but what I think is great is it shows how Saudi and other Gulf states have really matured their economies,” Mainelli said. “And then, interestingly, the Lord Mayor will typically spend two weeks of travel around the Gulf each year. “I believe there’s a lot more work to be done when it comes to carbon markets … but we do need to get these to work,” he added. It is “fairly evident” that the Gulf is determined to find workable solutions to address the climate crisis, he added.

Source: The North Africa Journal December 02, 2023 11:36 UTC