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ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Aramco signs $11bn deal

The deal involves its Jafurah gas facilities.

Global gas flaring surges again, costs $63bn in lost energy: WB

Washington, UAE -- Global gas flaring surged for a second year in a row, wasting about $63 billion in lost...
  • Flaring, the practice of burning natural gas during oil extraction, reached 151 billion cubic meters (bcm) in 2024, up 3 bcm from the previous year.
  • While some countries have reduced flaring, the top nine largest-flaring countries continue to account for three-quarters of all flaring.

Restoring sea floor after mining may not be possible, researchers warn

Kingston, Jamaica -- Scientists present at the latest effort to hash out international rules for deep-sea mining say it's unclear...
  • The sea floor is a coveted frontier for companies and countries eager to access minerals that are in high demand for emerging technologies such as electric cars.
  • Particularly coveted are potato-sized nodules containing cobalt, nickel, copper and manganese, that are found in abundance on the seabed in the central Pacific Ocean.

Almost half of Europe and Mediterranean basin hit by drought

Paris, France - Europe and the Mediterranean basin has been hit by a long-lasting drought covering over 45 percent of...
  • It is the first time since data collection began in 2012 that such an extensive part of the region has been hit by a drought for more than three consecutive months
  • A series of fires broke out in Turkey and Greece at the start of the summer, where on average 72 percent and 56 percent of soils have been dry since mid-March

Use of eco-friendly rice bricks surges in water-scarce Kyrgyzstan

Rice blocks require less cement, which is responsible for approximately eight percent of global carbon dioxide emissions, according to 2023...
  • Nursultan Taabaldyev is one of the pioneers of the technology in Central Asia hailed as an environmentally friendly alternative to water-intensive concrete.
  • They are "made of 60 percent rice husks. The rest is clay, cement and a chemical-free glue," Taabaldyev told AFP.

Eight-country coalition aims to tax luxury air travel

Seville, Spain -- Countries including France, Kenya, Barbados and Spain on Monday launched a coalition to push for taxes on...
  • The coalition said it would work to increase the number of countries taxing plane tickets, including business-class travel, and private jets.
  • Greenpeace welcomed an "important step" to raise more money from "the most elite and polluting form of travel", which has remained "undertaxed".

UN climate chief warns ‘lot more to do’ before COP30

UN climate chief Simon Stiell urged countries on Thursday to accelerate negotiations ahead of the COP30 in Brazil as there...
  • Speaking after two weeks of technical talks in Bonn, Stiell closed the annual climate diplomacy event saying: "We need to go further, faster, and fairer."
  • Bonn is home to the UN Climate Change Secretariat, which coordinates international climate policy and hosts preparatory talks each year ahead of climate summits.

Nations advance ocean protection, vow to defend seabed

UN Ocean Conference wrapped up Friday with world leaders taking major steps toward marine protection and vowing a showdown when...
  • The summit was just the third -- and largest yet -- dedicated entirely to what the United Nations calls an "emergency" in the world's oceans.
  • More than 60 heads of state and government joined thousands of business leaders, scientists and environmental campaigners over five days in the southern city of Nice.

UN summit to tackle ’emergency’ in world’s oceans

Nice, France - A global summit on the dire state of the oceans kicks off Monday in France, with calls...
  • The appeal for unity comes as nations tussle over a global plastics pollution treaty, and the United States sidesteps international efforts to regulate deep-sea mining
  • On the eve of the summit, Brazil's President Luiz Inacio Lula da Silva said that leaders must act now: "The planet can no longer tolerate broken promises."

Money, mining and marine parks: The big issues at UN ocean summit

Nice, France -- France is hosting world leaders this week to confront what the United Nations calls a global "emergency"...
  • There is pressure on the UN Ocean Conference starting Monday in Nice to show that countries can unite and deliver more than just talk for the world's ailing and neglected seas.
  • Several countries are expected to announce the creation of new marine conservation zones within their national waters, though how protected they really are will come under scrutiny

UAE orders all companies to monitor emissions in new climate law

Under the new law, companies are required to report and reduce their emissions of the greenhouse gases that are responsible...
  • "By institutionalizing emissions monitoring and climate adaptation, the UAE is setting a compelling example for countries across the region," she said.
  • Public and private companies now have to regularly monitor emissions and take steps to reduce them, or risk fines of up to two million dirhams ($545,000).

Electric cars are more eco-friendly even in US, study finds

Paris, France -- Electric vehicles are less harmful to the environment than their petrol-guzzling counterparts even in the United States,...

Latest News

Almost half of Europe and Mediterranean basin hit by drought

Paris, France - Europe and the Mediterranean basin has been hit by a long-lasting drought covering over 45 percent of...

Use of eco-friendly rice bricks surges in water-scarce Kyrgyzstan

Rice blocks require less cement, which is responsible for approximately eight percent of global carbon dioxide emissions, according to 2023...

Eight-country coalition aims to tax luxury air travel

Seville, Spain -- Countries including France, Kenya, Barbados and Spain on Monday launched a coalition to push for taxes on...

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Nations advance ocean protection, vow to defend seabed

UN Ocean Conference wrapped up Friday with world leaders taking major steps toward marine protection and vowing a showdown when...
  • The summit was just the third -- and largest yet -- dedicated entirely to what the United Nations calls an "emergency" in the world's oceans.
  • More than 60 heads of state and government joined thousands of business leaders, scientists and environmental campaigners over five days in the southern city of Nice.

UN summit to tackle ’emergency’ in world’s oceans

Nice, France - A global summit on the dire state of the oceans kicks off Monday in France, with calls...
  • The appeal for unity comes as nations tussle over a global plastics pollution treaty, and the United States sidesteps international efforts to regulate deep-sea mining
  • On the eve of the summit, Brazil's President Luiz Inacio Lula da Silva said that leaders must act now: "The planet can no longer tolerate broken promises."

Money, mining and marine parks: The big issues at UN ocean summit

Nice, France -- France is hosting world leaders this week to confront what the United Nations calls a global "emergency"...
  • There is pressure on the UN Ocean Conference starting Monday in Nice to show that countries can unite and deliver more than just talk for the world's ailing and neglected seas.
  • Several countries are expected to announce the creation of new marine conservation zones within their national waters, though how protected they really are will come under scrutiny