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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.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Dubai COP28: Record attendance marks largest ever UN climate summit

Among the host country's guests are Bill Gates and Antoine Arnault, the son of LVMH boss Bernard Arnault, the second...
  • Some 104,000 people, including technical and security staff, have access this year to the "blue zone" dedicated to the actual climate negotiations
  • That largely exceeds the previous record at last year's UN climate summit in Egypt, COP27, which had 49,000 accredited attendees

Mumtalakat, Investcorp ink pact

The firms have jointly launched a climate investment platform.
  • The platform will make investments in businesses where they have matured past many of the risks that face earlier stage ventures.
  • They must manage and minimize the execution risks associated with expansion in middle-market investments.

UAE President announces $30bn Global Climate Fund at COP28 meet

In a groundbreaking announcement at the World Climate Action Summit during the UN Climate Change Conference (COP28), UAE President Sheikh...
  • The fund, designed to address the critical gap in climate financing, aims to enable affordable access to climate finance.
  • The UAE President highlighted the global urgency of addressing climate change and its pervasive impacts on life.

COP28 puts spotlight on state oil giants

Western energy firms are the usual suspects when it comes to criticism about the sector's role in climate change, but...
  • National oil companies, or NOCs, "account for more than half of global production and close to 60 percent of the world's oil and gas reserves," the IEA said
  • NOCs and the oil majors - which include BP, Chevron, ExxonMobil, Shell and TotalEnergies - will all be "critical to efforts to achieve net zero" emissions by 2050

COP28’s Green Zone: A central hub for climate-related activities

Dubai, UAE - The Green Zone at the COP28, overseen and managed by the conference presidency team, serves as a...
  • Starting on December 3, the Green Zone will host attendees throughout the COP28 week, providing access to exhibitions, artistic installations, film screenings etc
  • Specialized centres within the Green Zone provide opportunities for learning, skill development, and collaboration to address climate change

Climate and Gaza crises share spotlight as world leaders attend COP28

The spotlight now turns to more than 140 kings, presidents and prime ministers who will address delegates at the sprawling...
  • The COP28 conference kicked off on Thursday with an early victory as nations agreed to launch a "loss and damage" fund for vulnerable countries
  • But delegates face two weeks of tough negotiations on an array of issues that have long bedevilled climate talks, starting with the future of fossil fuels

Gulf leads the charge in green mobility revolution

In the heart of the GCC, a transformative shift towards 'Green Mobility' is underway, driven by a commitment to environmental...
  • In the heart of the GCC, a transformative shift towards 'Green Mobility' is underway, driven by a commitment to environmental sustainability and reducing carbon footprints.
  • This shift, led by nations like the UAE and companies like Aramex, is redefining the future of transportation, blending innovation, economic growth, and ecological stewardship.

Indian spiritual leader Sadhguru to kick off COP28 faith pavilion

Dubai, UAE – Indian spiritual leader Sadhguru will address the first-ever Faith Pavilion at COP28 on Friday December 1, kicking...
  • Head of the Isha Foundation and founder of the Save Soil movement will present his vision on the critical role of healthy, living soils in mitigating the impacts of climate change
  • Sadhguru has built up an international following, with over a billion views on YouTube and 11 million followers on Instagram, with his message of spirituality and climate action

Rising global temperatures in focus as COP28 kicks off in Dubai

Dubai, UAE--Rising sea levels, vanishing Arctic landscapes, fading coral reefs, acidic oceans, and raging forest fires are common occurrences today....
  • Climate change and the El Niño weather pattern, according to many scientists, are to blame for the recent record-breaking temperatures around the world
  • According to UN Secretary General António Guterres, people around the world experienced “hell" in countries such as Egypt, France, Greece, and India

COP28: Halting global warming, financial aid for vulnerable nations on agenda

Dubai, UAE - The world is turning its attention to Dubai where COP28 gathers some of the world’s top leaders...
  • Climate change is an indiscriminate killer that has not spared a country or village when it comes to global heating or the increasing occurrence of devastating fires and storms
  • Global experts appear to agree that 2023 is likely the hottest year on record, thanks to excessive and unforgiving greenhouse gases in the atmosphere

AI talking trees feature at Chelsea Flower Show

London, United Kingdom -- Talking trees powered by AI, drought-resistant crops and sweet potatoes sprouting among flowers -- the prestigious...

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Barclays bank to stop financing new oil, gas projects

London, United Kingdom -- British bank Barclays said Friday it would stop directly financing its energy clients' new oil and gas...

Scientists in UK create new fusion record

LONDON, UK - Scientists in Britain announced on Thursday they had smashed a record for generating fusion energy in the final...

World sees first 12 months above 1.5C warming level, says climate monitor

PARIS, FRANCE -  Earth has endured 12 consecutive months of temperatures 1.5C hotter than the pre-industrial era for the first time...

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Paris Olympics’ organizers worry heatwave can spell trouble for games

A new study presenting "climate simulations to anticipate worst-case heatwaves during the Paris 2024 Olympics" has focused minds after it...
  • Organizers of the Paris Olympics, which will run from July 26 to August 11, say they are "fully aware" of the climate-related risks to the Games
  • Operational teams have run simulations looking at the consequences of shifting some outdoor events to earlier or later start times to avoid the heat

Embracing renewables secures UAE’s green future

"COP28 saw all parties reach an agreement on the historic ‘UAE Consensus.’ This consensus includes achieving a well-organized, responsible, fair,...
  • UAE, under Dr. Sultan bin Ahmed Al Jaber's leadership, actively promotes global renewable energy.
  • The 'UAE Consensus' at COP28 sets specific goals for a zero-carbon energy system, Al Jaber adds.

France flooded with applications for electric car leasing scheme

Paris, France - The French government has been flooded with applications from low-income households to lease a subsidized electric car from...
  • Some 90,000 people have applied to the scheme since the start of the month, French Environment Minister Bechu said.
  • President Emmanuel Macron unveiled the plan on social media in December as part of efforts to reduce carbon emissions in France.