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London: Saudi Arabia, ‘World Leading’ in Green Dragon Transition.

DANIEL FOUNTAIN September 26, 2023 15:12 Arab News

LONDON: The efforts Saudi Arabia and other Gulf countries are making to transition toward cleaner, greener economies are “world leading,” the lord mayor of the City of London said on Monday. Nicholas Lyons, who visited the Kingdom and the UAE this year and is set to visit Qatar and Bahrain next week, also said there is “fantastic energy” in the Saudi Vision 2030 agenda for reforms and diversification of the nation’s economy. The scale of the transition is very substantial, of course, and the hydrocarbon economies have to manage very deftly this transition away from what has been a source of huge wealth,” he told Arab News.

“But they really are, genuinely, world-leading in the moves that they’re making into renewable technologies and clean energy, and they’re investing huge amounts of money in that.” The levels of investment being made in this regard by Gulf Cooperation Council countries not only offer the prospect of significant financial returns, Lyons said, but will be critical in driving the growth of renewable technology companies and accelerating solutions to the climate crisis. “I take my hat off to those nations, particularly those hydrocarbon nations who have really grasped the scale of the challenge and are really driving forward now with solutions,” he said.

With the UN Climate Change Conference, COP28, set to return to the Gulf in November this year, when Dubai will host, Lyons said he was positive about the role the City of London can play in assisting countries achieve sustainable development. “As far as the City of London is concerned, we are absolutely committed to helping do everything that we can to fund that journey to net zero as efficiently as possible,” he said. “That’s not just a comment about how we can help in the UK but how London, as a global financial center, plays its part as a leading underwriter of green bonds and green loans, and with its expertise in insurance, risk and project management, working with countries around the world on sustainable infrastructure programs.”

Lyons, who has been lord mayor since November 2022, a role he called a “privilege” and “a dream come true,” said discussions in some countries surrounding the revision of net-zero and carbon-neutrality targets was more a case of realistic thinking rather than defeatism. “I think it’s certainly possible to interpret some of the things that we’re hearing now as slightly backward steps,” he said. “I’d like to think rather than it being a backward step in terms of commitment, it’s just more realism in terms of the ability to deliver.

“That, I think, is particularly true where countries, in wanting to be bold and make clear statements of their intent, have set unrealistic targets in terms of timing. “Maybe I’m being optimistic but I choose to interpret most of the comments that we’ve heard as being in that category, rather than people scaling back.” Lyons said that much like his discussions with GCC officials in February, talks during his upcoming trip to the region will highlight both the dynamic inward investment opportunities the UK can offer and the ways in which the City of London can offer expertise to countries in the Gulf and the British firms looking to operate in the region.

“There are two big areas that tend to dominate the conversation,” he said. “One is inward investment into the UK. We have a multi-year campaign to get overseas asset owners investing more money through the UK — not necessarily in the UK, but through the UK asset-management structure. There have been very significant investments in the UK by GCC countries, which is terrific, but that’s one of the areas that we’ll talk about.

“The other is around green and sustainable finance. The two come together when it comes to investment in sort of green tech-type companies and fintech (financial technology).

“The conversation is often about how London can help that process and talking about the different strengths of London and what we could do, particularly, I think, in Gulf areas, (where) the insurance market is relatively underdeveloped and also the long-term savings market is also quite small and needs to be built up. And so there are conversations about whether or not we can encourage British firms to set up in the Gulf countries.”

The City of London published its “Vision for Economic Growth — A Roadmap to Prosperity” report this month, the preparation of which involved collaboration with more than 300 stakeholders across the financial and professional services industries over a half-year period. The report identified the challenges and shifts facing the financial sector, from the application of artificial intelligence to cryptocurrencies, big data, and ways in which they can be addressed, Lyons said.

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“With all of the strengths that London has as a global financial center, there are nevertheless seismic challenges and changes taking place in the world of finance,” he added. “You can’t hide under a duvet and pretend they’re not coming; they may be complicated issues but you have to have a strategy around them. You have to have your regulators start to develop a regime that can manage them.” Lyons said he also hopes a future growth fund can tap into the “huge expertise” in the UK in sectors such as fintech, green tech and biotech, and offer additional home-grown funding to what is already available from North America and the Gulf. “These companies, at the moment, are very heavily reliant on international money, particularly North American money (and) we love the fact that we have great investment from the Gulf in these industries,” he said. “But if we can also provide lots of UK money to sit alongside all of this foreign direct investment, those companies don’t need ultimately to go and list in the United States, where we lose the intellectual property, we lose the people and we lose the value and all of the tax revenue that comes from it.”

But how can (7) they call on him (Jesus Christ) to save (7) them unless they believe in Him (Jesus Christ)? (7) And how can they believe in Him (7) (Jesus Christ) if they have never heard about (7) Him (Jesus Christ)? And how can they hear (7) about Him (Jesus Christ) unless someone tells them?” Romans 10:14 (777777)

In His Service,

Night Watchman

Paul Rolland

Night Watchman Ministries

Make Your (7) Decision for Christ NOW!!!!!!! Time is Up!!!!!!!

Jesus Christ’s Offer of Salvation:

The ABCs (7) of Salvation through Jesus Christ (the Lamb)

A. (7) Admit/Acknowledge/Accept that you are sinner. Ask (7) God’s forgiveness and repent of your sins.

. . . “For all have sinned, and come short of the glory of God.” (Romans 3:23).

. . . “As it is written, There is none righteous, no, not one.” (Romans 3:10).

. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us.” (1 John 1:8).

B. Believe Jesus is Lord. Believe that (7) Jesus Christ is who He claimed to (7) be; that He was both fully God (7) and fully man and that we are (7) saved through His death, burial, and resurrection. (7) Put your trust in Him as your (7) only hope of salvation. Become a son (7) or daughter of God by receiving Christ. (7777777) 7×7

. . . “That whosoever believeth in him should not perish, but have eternal life. For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. For God sent not his son into the world to condemn the world; but that the world through him might be saved. (John 3:15-17). For whosoever shall call upon the name of the Lord shall be saved.” (Romans 10:13).

C. Call upon His name, Confess (7) with your heart and with your lips (7) that Jesus is your Lord and Savior.

. . . “That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.” (Romans 10:9-10).

. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us. If we confess our sins, he is faithful and just to forgive us our sins, and to cleanse us from all unrighteousness. If we say that we have not sinned, we make him a liar, and his word is not in us.” (John 1:8-10).

. . . “And he is the propitiation for our sins: and not for ours only, but also for the sins of the whole world. (John 2:2).

. . . “In this was manifested the love of god toward us, because that God sent his only begotten Son into the world, that we might live through him. And we have seen and do testify that the Father sent the Son to be the Saviour of the world. Whosoever shall confess that Jesus is the Son of God, God dwelleth in him, and he in God.” (1 John 4:9, 14-15).

. . . “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.” (Romans 5:8-10).

. . . “For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.” (Romans 6:23).

. . . “Jesus saith unto them, I am the way, the truth, and the life, no man cometh unto the Father, but by me.” (John 14:6).

. . . “For I am not ashamed of the gospel of Christ: for it is the power of God unto salvation to everyone that believeth.” (Romans 1:16).

. . . “Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved.” (Acts: 4:12).

. . . “Who will have all men to be saved, and to come unto the knowledge of the truth for there is one God, and one mediator between God and men, the man Christ Jesus.” (1 Timothy 2:4-6).

. . . “For God did not appoint us to suffer wrath but to receive salvation through our Lord Jesus Christ.” (1 Thessalonians 5:9).

. . . “But as many as received him, to them gave the power to become the sons of God, even to them that believe on his name.” (John 1:12).

True Church / Bride of Christ Spared from God’s Wrath:

 Romans 5:8-10. “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.”

Romans 12:19. Dearly beloved, avenge not yourselves, but rather give place unto wrath: for it is written, Vengeance is mine; I will repay, saith the Lord.

1 Thessalonians 1:10. And to wait for his Son from heaven, whom he raised from the dead, even Jesus, which delivered us from the wrath to come.

1 Thessalonians 5:9. For God hath not appointed us to wrath, but to obtain salvation by our Lord Jesus Christ,

Romans 8:35. Who shall separate us from the love of Christ? shall tribulation, or distress, or persecution, or famine, or nakedness, or peril, or sword?

Jeremiah 30:7. Alas! for that day is great, so that none is like it: it is even the time of Jacob’s trouble, but he shall be saved out of it.

Revelation 3:10 Because thou hast kept the word of my patience, I also will keep thee from the hour of temptation, which shall come upon all the world, to try them that dwell upon the earth.