Building Climate Resilience Via Investment Migration to Secure a Sustainable Future

LONDON, Nov. 28, 2023 (GLOBE NEWSWIRE) — Henley & Partners has seen a significant uptick in interest from both private clients and governments in investment migration programs as an effective mechanism to improve their resilience to the impacts of climate change and mitigate other sustainability risks. Besides phasing out fossil fuels, the other two core themes for the upcoming UNFCCC COP28 conference in Dubai, UAE, are building climate-resilient societies and investing in climate solutions. In its inaugural Henley Wealth and Sustainability Report published today, the international residence and citizenship advisory firm highlights how investment migration can assist in addressing both these significant global challenges.

The innovative study analyzes over 150 data points across five key sustainability and wealth parameters including population density and CO2 emissions per capita, achievement of the UN’s Sustainable Development Goals (SDGs), and unique wealth tier and wealth per capita data from global wealth intelligence firm New World Wealth. The report focuses on G7 nations, BRICS member states, including the six new countries that will join the bloc in January 2024 (Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE), and a selection of 19 countries that host investment migration programs, which enable investors to acquire residence or citizenship in return for making a significant contribution to the economy.

The G7 brings together seven of the world’s most advanced industrial economies in the Global North, while the new BRICS plus Six configuration represents major emerging economies in the Global South. As Dr. Juerg Steffen, CEO of Henley & Partners, points out in the report, both groupings represent a significant share of the global economy and population, and both aim to tackle pervasive global issues such as climate change. “Investment migration can provide much-needed foreign direct investment to help meet our sustainability challenges. Several countries are already channeling program inflows into projects to boost their countries’ climate resilience for the benefit of their citizens. Grenada, for instance, has strengthened its resilience against natural disasters by offering investors citizenship in exchange for a contribution to the country’s National Transformation Fund, which supports a range of industries including alternative energy. A non-refundable contribution to Antigua and Barbuda’s National Development Fund is another example of how a country is driving its transition to renewable energy through citizenship by investment.”

Prof. Trevor Williams, former Chief Economist at Lloyds Bank Commercial banking, says the Henley Wealth and Sustainability Report can assist those looking for opportunities, either private or public, to invest in sustainability projects and other carbon-reducing initiatives. “The framing allows those seeking areas where climate change is less threatening, where adaptation is occurring fastest, and as a result where threats to sustainability are lowest to locate to achieve that goal. Through this approach, these individuals are also able to see which countries allow investors to acquire residence status through various programs, and where the opportunities for mitigation and adaptation will offer the highest returns on investment. It also shows where the best investment options are for funds that are seeking returns through sustainability and green and carbon-reducing projects and investment activities.”

Commenting in the report, Dr. Areef Suleman, Director of Economic Research and Statistics at the Islamic Development Bank (IsDB) Institute, says the analysis provides a data-driven perspective on how residence and citizenship by investment programs can be leveraged to enhance investment resilience and sustainability. “Investment migration countries consistently performed better than G7 and BRICS plus Six countries in key areas such as environmental responsibility, infrastructure reliability, healthcare and education quality, economic growth, and wealth accumulation. These insights underscore the wisdom investment migration offers high-net-worth individuals in securing a sustainable future for them and their progeny. In an ever-changing world, data and evidence-based decision-making provide the right compass for investors and families seeking a path to economic prosperity and sustainability.”

Read Full Press Release and the Henley Wealth and Sustainability Report.

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King briefed on progress in implementing public sector modernisation


His Majesty King Abdullah II on Tuesday was briefed on progress in implementing the executive programme for public sector modernisation, and stressed the need for recruitment in the public sector to be transparent and merit-based.

According to a royal court statement, during a meeting at Al Husseiniya Palace with the concerned officials, His Majesty highlighted the need to evaluate the impact of 2023 projects to allow for feedback on implementation.

At the meeting attended by His Royal Highness Crown Prince Al Hussein bin Abdullah II, the King said the 2024 plan must include tangible reforms in the public sector.

His Majesty also stressed the need to have performance indicators, as well as clear and measureable goals, highlighting the need to engage with all stakeholders.

For his part, Prime Minister Bisher Khasawneh said the government is working on the executive programme’s priorities within its three pillars public service development, institutional development, and legislation development, in line wit
h the set timeframes.

Deputy Prime Minister for Economic Affairs and Minister of State for Public Sector Modernisation Nasser Shraideh reviewed progress in implementing the executive programme for public sector modernisation, which included the completion of 90 per cent of the priorities set for 2023.

He highlighted priorities for 2024, which number 51, covering public services, procedures and digitisation, structure and governance, policy and decision making, institutional culture, human resources, and legislation.

Director of the Office of His Majesty Jafar Hassan and Planning Minister Zeina Toukan attended the meeting.

Source: Jordan News Agency

War on Gaza “one manifestation” of horror brought by occupation, says FM, 3rd, final add


On the sidelines of the forum, Safadi held two separate meetings with German Foreign Minister Annalena Baerbock and Cypriot Foreign Minister Constantinos Kombos that covered developments in Gaza and attempts to end the war and protect civilians.

Safadi emphasized the need for the international community to take responsibility and end the suffering and humanitarian catastrophe caused by the raging war in Gaza, as well as for Israel to stop its repeated and continuing violations of international law, international humanitarian law, and all human and moral values.

He also emphasized the significance of the international community taking effective and immediate steps to achieve a total truce in the Gaza Strip, as well as securing safe corridors for the supply of humanitarian goods, food, water, fuel, and electricity to Gaza.

Safadi and Dutch Foreign Minister Hanke Bruins Slot also met to discuss the situation in Gaza, as well as attempts to end the war and ensure the delivery of urgent and sufficient humanita
rian relief to the Strip.

Safadi reiterated Jordan’s condemnation and rejection of extremist MP Geert Wilders’ racist positions, in which he denied the Palestinian people’s inalienable right to freedom and state on their national territory and in which he adopted the illusion of resolving the Palestinian issue at Jordan’s expense.

The two ministers expressed their desire to maintain the strong friendly connections that unite the two friendly kingdoms.

Furthermore, Safadi and members of the ministerial committee tasked by the recent Arab-Islamic summit with following up on the situation in Gaza held a meeting with Spanish Foreign Minister Jose Manuel Albarez.

The meeting highlighted developments in Gaza and its surroundings, as well as the accomplishments of the humanitarian truce in terms of the release of some prisoners and their return to their families, as well as discussing efforts made for a sustainable ceasefire in order to end the violence and protracted conflict and contribute to the opening of sa
fe corridors for the delivery of urgent relief aid to the Gaza Strip.

Source: Jordan News Agency

Obesity among children up 9% in 2023


The percentage of children under five who are overweight rose by 9% in 2023 compared to 2012, when a 4% uptick was recorded, according to the Department of Statistics (DoS).

The DoS’s 2023 Population and Family Health Survey revealed that the percentage of children under five with stunted growth remained stable at 8% compared to the previous survey in 2012. However, this figure has improved since the first survey in 1997, when the rate was 11%.

The emaciation indicator has stabilized from 1997 until the current year at 2% for children under the age of five.

According to the survey, only 34% of infants aged 0-23 months were breastfed within the first hour of birth.

Only 24% of infants under 6 months are breastfed, while 42% of children aged 6-23 months receive diverse nutrition.

The survey showed a decline in exclusive breastfeeding among children aged 0-5 months, reaching 24 percent in 2023 compared to 39 percent in 1990.

The results indicated that approximately one-third of children aged 6-59 months s
uffer from anemia, including 19% suffering from mild anemia, 13% suffering from moderate anemia, and less than 1% suffering from severe anemia.

The prevalence of anemia among Jordanian children remained largely unchanged between 2002 and 2023, declining slightly from 34 percent to 32 percent.

According to the results, there were 14 deaths per 1,000 live births. The mortality rate for children under 12 months was one death per 1,000 children. The overall mortality rate for children under the age of five was 15 deaths per 1,000 live births. The neonatal mortality rate was 9 deaths per 1,000 live births, and the postnatal mortality rate was 6 deaths per 1,000 live births.

The neonatal mortality rate has decreased from 21 deaths per 1,000 live births to 9 deaths per 1,000 live births, while the infant mortality rate has decreased from 34 to 14 deaths per 1,000 live births. Additionally, the mortality rate of children under the age of five has decreased from 39 to 15 deaths per 1,000 live births during the same
period.

Source: Jordan News Agency

Israeli tanks target Sheikh Radwan neighbourhood, Al-Shati camp in Gaza


The Israeli occupation tanks early Tuesday opened fire on the outskirts of the Sheikh Radwan neighbourhood and the Al-Shati Camp, northwest of Gaza, breaching the humanitarian ceasefire in effect in the Gaza Strip.

This violation occurred despite Qatar’s announcement of a two-day extension of the truce between the involved parties.

Palestinian sources reported that the occupation forces attacked two farmers working on their land east of the Al-Maghazi camp, killing one and injuring the other, as confirmed by the Palestinian Red Crescent Society.

On the third day of the temporary humanitarian ceasefire, seven Palestinians were injured by gunfire from the occupation troops near Al-Quds Hospital in Tel Al-Hawa, west of Gaza City, and the Indonesian Hospital in Beit Lahia, north of the Strip.

Despite the truce, the occupation forces continue to bar around 1.7 million displaced individuals in the southern region of the Gaza Strip from returning to inspect their homes and properties, many of which were bombed
and destroyed in the central and northern areas. Additionally, they are unable to search for their missing family members due to threats of targeting.

Source: Jordan News Agency

Wholesale trade index up 1.68% in first 3 quarters of 2023


The index of wholesale trade prices edged up by 1.68% during the first three quarters of 2023, reaching 105.71 points, compared to 103.96 points for the same period in 2022, according to the Department of Statistics (DoS).

Machinery prices increased by 3.64%, motor vehicles and motorcycles by 3.04%, while fuel, minerals, and construction material decreased by 0.18% during the same comparison timeframe, said the DoS’s quarterly report issued on Tuesday.

Additionally, the index rose by 0.98% in Q3 2023, reaching 105.77 points, up from 104.74 points in Q3 2022.

The index rose due to an increase in machinery prices by 2.74%, agricultural raw materials, grains, food, beverages, and tobacco by 2.34%, motor vehicles and motorcycles by 2.02%, and textiles, clothing, and personal and household goods by 0.51%. However, fuel, minerals, and construction material prices decreased by 3.01%.

Source: Jordan News Agency