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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.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

Saudi urges leniency in climate change policies for low income nations

Riyadh, Saudi Arabia - Saudi Arabia said on Thursday that policies to address climate change should not "crush the bones" of...
  • Climate change is "relevant and important" but "should not be attended to by crushing the bones and the future of the less (powerful) people," Prince Abdulaziz said.
  • Prince Abdulaziz said on Thursday that attempts to provide financial support to countries affected by climate change had so far delivered poor results.

Higher global temperatures culprit El Nino could stay till Apr 2024

Geneva, Switzerland - The El Nino weather phenomenon, which triggers higher global temperatures, is expected to last until at least April...
  • El Nino is a naturally occurring climate pattern typically associated with increased heat worldwide, as well as drought in some parts of the world and heavy rains elsewhere
  • The UN's World Meteorological Organization said the current El Nino, which developed rapidly during July-August this year, was likely to peak between now and January

Fossil fuel plans by producing nations threatens 1.5C limit: UN

Most of the world's leading producers of fossil fuels have pledged to achieve "net-zero" emissions by midcentury -- a target...
  • UNEP report covers 20 countries that account for 82 percent of production and 73 percent of consumption of the world's fossil fuel supply
  • UNEP said the world's biggest emitter China produces just over half of the world's supply of coal, the most polluting of the fossil fuels

Turkmenistan plants over 470,000 trees in a single day

Turkmenistan is one of the most closed societies in the world, where dissent is outlawed and the Berdymukhamedov family have...
  • The United Nations Food and Agriculture Organization (FAO) says water stress in Turkmenistan is "extremely high".
  • Three-quarters of the country are covered by the black sands of the Karakum Desert and annual precipitation is below 100 mm in places.

AI to contribute in enhancing low-emissions development

BONN, GERMANY - Artificial intelligence (AI) can make substantial contributions to climate-resilient and low-emissions development.UN Climate Change’s Initiative on Artificial...
  • UN Climate Change’s Initiative on Artificial Intelligence for Climate Action explores the role of AI as a tool for climate action in developing countries.
  • It aims to deliver results both on policy and implementation, under the first joint work program of UN Climate Change’s Technology Mechanism.

Global energy meet discusses way forward to net-zero emissions

VIENNA, AUSTRIA – High-level representatives from the member states of the United Nations Industrial Development Organization (UNIDO), international organizations, experts...
  • The two-day forum showcased innovative technologies and transformative solutions to accelerate low-emission, climate-resilient development.
  • The international event aimed to foster new partnerships to scale up investments and technology transfer to developing countries.

Climate ‘loss and damage’ fund tops UAE talks ahead of COP28

Abu Dhabi, UAE - Setting up a "loss and damage" fund for poorer nations hit by climate change dominated preliminary talks...
  • "The main focus for the moment is clearly the loss and damage fund," French Energy Minister Agnes Pannier-Runacher told AFP.
  • The loss and damage fund is based on voluntary contributions and is not an "obligation", Pannier-Runacher added.

Oman revives CO2-busting mangroves as climate threat lurks

Oman, a minor oil producer compared with its neighbours the United Arab Emirates and Saudi Arabia, is moving quickly in...
  • The country of 4.5 million people has become the Gulf's centre for mangrove restoration and preservation
  • Mangrove habitats can remove carbon dioxide from the atmosphere at a faster rate than forests

COP28 wide open to private sector, says climate talks chief

ABU DHABI, UAE -  Upcoming UN climate talks in Dubai will be open to the private sector on an unprecedented scale,...
  • Sultan Al Jaber, the COP28 president has consistently tried to frame the climate crisis as an economic opportunity.
  • He said about 70 ministers and 100 delegations are attending the two-day talks, more than double the usual number.

1.5C goal on the line as countries gear up for key climate talks

Paris, France -- Facing record-shattering temperatures and a geopolitical tinderbox, countries are scrambling to lay the groundwork for crucial UN climate...
  • Ministers meet next week in the United Arab Emirates to grapple with flashpoint issues, including the future of fossil fuels.
  • Rich polluters are under pressure to finally meet their promise to provide $100 billion in funding by 2020 for poorer nations to prepare for climate extremes.

‘AI saved 1.5 billion liters of water, cut carbon emissions equivalent to 1 million trees in Saudi Arabia’

Riyadh, Saudi Arabia – Artificial intelligence (AI) has contributed to saving 150 million sheets of paper and conserving 1.5 billion...

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Energy companies to test CO2 capture in Brazil undersea oil field

PARIS, FRANCE  - A consortium of Brazilian, British, French and Chinese energy firms will test new technology aimed at capturing CO2...

Makkah region sees 600% surge in green spaces within 5 months

Jeddah, Saudi Arabia - There has been a 600% increase in green spaces in Makkah region from August to December...

Japan quake toll rises to 62 as weather hampers rescuers

The 7.5-magnitude quake on January 1 that rattled Ishikawa prefecture on the main island of Honshu triggered tsunami waves more...

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Race against time after deadly Japan quake

The 7.5-magnitude quake, which hit Ishikawa prefecture on the main island of Honshu, triggered tsunami waves more than a meter...
  • USGS said the quake had a magnitude of 7.5. Japan's meteorological agency measured it at 7.6 and said it was one of more than 150 to shake Noto peninsula
  • Almost 33,000 households were without power in the region, which saw temperatures touch freezing overnight, the local energy provider said

Sheikh Hamdan issues resolution regulating single-use products in Dubai

DUBAI, UAE -  Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive...
  • The aim of the resolution is to protect the environment, encourage people to adopt an eco-friendly lifestyle.
  • The move also aims to encourage the private sector to promote the use of recycled products.

GCC forges ahead in sustainable tech initiatives

In 2023, the Gulf countries made a strong push towards renewable energy and pioneering green hydrogen projects, signaling a significant...
  • In 2023, the Gulf countries made a strong push towards renewable energy and pioneering green hydrogen projects, signaling a significant green transition in the region.
  • The GCC's commitment to sustainable technology initiatives, including advancements in renewable energy, green hydrogen, and smart city solutions, make it a global leader.