Telecom roaming charges: Gulf govts agree on gradual reduction

Updated 09 June 2015

Telecom roaming charges: Gulf govts agree on gradual reduction

DUBAI: Governments of the six Gulf Cooperation Council countries have agreed to gradually reduce roaming charges when making calls, sending text messages and using data within the six-nation bloc, according to a statement carried by state media.
Cuts to fees on calls and text messages would be introduced from April 1, 2016, and would take place over three years, while data charges would be trimmed from the same date but over a five-year period.
The decision was announced following the GCC Ministerial Committee for Post, Telecommunications and Information Technology meeting in Doha and was aimed at promoting tourism in the region, according to the United Arab Emirates' WAM news agency.
The statement did not disclose by how much the charges would be reduced.
The GCC consists of Bahrain, Kuwait, Qatar, Oman, Saudi Arabia and the UAE.
A number of telecom firms operate across multiple GCC geographies. Saudi Telecom, the region's largest firm by market value, has stakes in businesses in Bahrain and Kuwait, with Kuwait's Zain also operating across the same three countries. Qatar's Ooredoo has operations in Kuwait and Oman.


Investors, scientists urge IEA to take bolder climate stance

Updated 30 May 2020

Investors, scientists urge IEA to take bolder climate stance

  • The energy agency’s head is under pressure to align its policies with the 2015 Paris accord goals

LONDON: Fatih Birol, the head of the International Energy Agency (IEA), faced renewed calls to take a bolder stance on climate change on Friday from investors concerned the organization’s reports enable damaging levels of investment in fossil fuels.

In an open letter, investor groups said an IEA report on options for green economic recoveries from the coronavirus pandemic, due out in June, should be aligned with the 2015 Paris accord goal of capping the rise in global temperatures at 1.5C.

The more than 60 signatories included the Institutional Investors Group on Climate Change, whose members have €30 trillion ($33.42 trillion) of assets under management, scientists and advocacy group Oil Change International.

“Bold, not incremental, action is required,” the letter said.

The Paris-based IEA said it appreciated feedback and would bear the letter’s suggestions in mind. It also said it had been recognized for leading calls on governments to put clean energy at the heart of their economic stimulus packages.

“We have backed up that call with a wide range of analysis, policy recommendations and high-level events with government ministers, CEOs, leading investors and thought leaders,” the IEA said.

Birol has faced mounting pressure in the past year from critics who say oil, gas and coal companies use the IEA’s flagship World Energy Outlook (WEO) annual report to justify further investment — undermining the Paris goals.

Birol has dismissed the criticism, saying the WEO helps governments understand the potential climate implications of their energy policies, and downplaying its influence on investment decisions.

FASTFACT

1.5°C

The 2015 Paris accord aims to cap the rise in global temperatures at 1.5C.

But campaigners want Birol to overhaul the WEO to chart a more reliable 1.5C path. The world is on track for more than double that level of heating, which would render the planet increasingly uninhabitable, scientists say.

The joint letter followed similar demands last year, and was published by Mission 2020, an initiative backed by former UN climate chief Christiana Figueres.