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Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

UN chief flays world powers for ‘criminal’ lack of climate leadership

In this file photograph taken on July 26, 2021, a man walks through floodwaters in Yuyao near the city of Ningbo in eastern China's Zhejiang province, after heavy rains brought by the passage of Typhoon In-Fa inundated the eastern coast of China. (Photo by HECTOR RETAMAL / AFP)
  • "Nearly half of humanity is living in the danger zone -- now. Many ecosystems are at the point of no return -- now," he said
  • Guterres said coal and fossil fuels are "choking humanity" and called for G20 economies to follow up on their commitments to stop funding coal abroad by ending its use at home

UN chief Antonio Guterres blasted world powers for a “criminal” abdication of leadership after the release Monday of an extensive new report on climate change impacts, accusing major polluters of fueling devastating warming that threatens people and planet.

Guterres said the most compelling scientific overview to date of the impacts and vulnerabilities from the UN’s climate experts was an “atlas of human suffering and a damning indictment” of the failure of the international community to act.

“Nearly half of humanity is living in the danger zone — now. Many ecosystems are at the point of no return — now,” he said, adding that the facts of climate change caused by greenhouse gas emissions were “undeniable”.

“This abdication of leadership is criminal. The world’s biggest polluters are guilty of arson of our only home.”

The IPCC report was released under the shadow of Russia’s invasion of Ukraine and Guterres said current events underscore the vulnerability of the global economy and energy security to “geopolitical shocks and crises” and the urgent need to turn to renewable power.

Guterres said coal and other fossil fuels are “choking humanity” and called for G20 economies to follow up on their commitments to stop funding coal abroad by ending its use at home.

Oil and gas giants and their financial backers were also “on notice”, he said.

“Now is the time to turn rage into action,” he added.

“Every fraction of a degree matters. Every voice can make a difference. And every second counts.”