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Salvaging COP28: The Urgent Need for Bold Financing Initiatives

The upcoming United Nations Climate Change Conference (COP28) in Dubai is just days away. This article discusses the importance of a bold financing initiative led by the United Arab Emirates (UAE) to provide essential funding and support to the Global South in mitigating the effects of climate change. It highlights the need for a Loss and Damage Fund and the responsibilities of historical emitters. The article emphasizes the role of Sultan Al Jaber, the president of COP28, in breaking the impasse and developing a funding plan. It suggests a 3 percent tax on windfall revenues from oil and gas exports as a means to bridge the climate financing gap. The article also addresses the urgency of action, the contrast between oil-exporting countries’ earnings and the impact on the Global South, and the opportunity for COP28 to make a lasting impact on the planet’s future.

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Gender Salary Gap in Kuwait: Among the Highest in the World

Learn about the gender salary gap in Kuwait, where there is a 30% disparity in salaries between male and female workers in the government sector. Find out the reasons behind this gap and its impact on the overall gender equality in the country. Discover Kuwait’s ranking in the Global Gender Gap Index and the areas where it has experienced significant declines. Explore the need for concerted efforts to address and rectify gender disparities in various sectors. Stay informed about the latest developments and initiatives aimed at promoting equality and inclusivity in Kuwait’s workforce.

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why gold is not a good investment

Gold Prices Volatile Amidst Middle East Geopolitical Tensions

Gold prices have experienced significant volatility in October, reflecting the increasing geopolitical tensions in the Middle East. Despite the gains, gold faces challenges in surpassing $2,000 per ounce. The outlook for gold prices in 2023 remains uncertain, influenced by factors such as the strength of the US dollar and market sentiment. Investors should analyze various factors and seek professional advice to make well-informed investment decisions in this ever-changing market.

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LuLu Exchange Expands its Customer Engagement Network in Kuwait with the Opening of a New Center in Khaitan-2

LuLu Exchange Kuwait has inaugurated its 36th customer engagement center in Khaitan-2 as part of the company’s expansion strategy. This center will serve as a vital connection point for the company’s diverse financial services, facilitating the integration of digital payment solutions for customers. LuLu Exchange Kuwait is a leading financial services provider in the country, offering a wide range of services through its network of customer engagement centers and the mobile payments app, LuLu Money. The new customer engagement center in Khaitan-2 will provide convenient access to reliable and efficient cross-border payment services, particularly for Filipino Overseas Filipino Workers (OFWs) in the country and their families back home. LuLu Exchange’s commitment to financial inclusion aligns with the needs and aspirations of Filipino OFWs, who strive to build a better future for themselves and their families through their hard work abroad. With its expansion strategy in Kuwait, LuLu Exchange is well-positioned to continue delivering outstanding services and contributing to the financial inclusion goals of the Filipino OFWs and the wider community in Kuwait.

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Challenges Faced by Development Projects in Kuwait: Implications for Filipino OFWs and Their Families

The completion rate of development projects in Kuwait’s 2023 plan has been deemed the lowest since 2010, with 70 percent of the projects facing delays and complex challenges. This assessment comes from an informed government source, highlighting the significant obstacles hindering progress. Learn more about the challenges faced by development projects in Kuwait and their implications for Filipino OFWs in Kuwait. Stay informed and actively involved to contribute to improved coordination, transparency, and efficiency in project implementation.

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