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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.

UAE tops 50C in highest May temperature on record

The United Arab Emirates registered a sizzling 50.4 degrees Celsius on Friday, the highest on record for May, following weeks...
  • Worshippers at Friday prayers reported feeling faint and some residents appeared unsteady on their feet, even in a country that is accustomed to extreme temperatures
  • The highest temperature was recorded in an area of Abu Dhabi, the capital of the oil-rich Gulf state that lies in one of the world's hottest regions

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...
  • More than 140,000 visitors are expected to view what the Royal Horticultural Society (RHS) bills as "the pinnacle of horticultural excellence".
  • In the Intelligent Garden, plant-lovers can truly talk to the trees thanks to artificial intelligence.

Morocco volunteers on Sahara clean-up mission as part Nomads Festival

M'HAMID EL GHIZLANE, Morocco - It may be the gateway to the vast Sahara desert, but that does not mean...
  • Bottles, plastic bags -- "there are all kinds", noted one helper who has joined the initiative cleaning up the edge of a village bordering the Sahara
  • The rubbish is "mainly linked to the massive production of plastic products, low recycling rates and atmospheric pollutants carried by the wind."

Nations divided ahead of decisive week for shipping emissions

London, United Kingdom -- Members of the International Maritime Organization (IMO) are divided over whether to approve a carbon tax on...
  • The carbon tax, the most ambitious measure on the table, would make it more expensive for shipping companies to emit greenhouse gases, encouraging them to curtail emissions.
  • But some member states, including China and Brazil, are proposing other measures, arguing the carbon levy would increase the cost of goods and contribute to food insecurity.

‘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...
  • Alghamdi said that the planet is facing unprecedented challenges today, from record high temperatures to escalating climate risks that threaten global stability
  • Saudi Green Initiative lies at the heart of transformative efforts, being a comprehensive national strategy comprising over 80 initiatives, he added

Qatar to invest 1 bn pounds in climate technologies with UK

London, United Kingdom - The British government said Wednesday that it has agreed to a partnership with Qatar that will see...
  • British industrial group Rolls-Royce, which manufactures aircraft engines, will receive investments for programs dedicated to energy efficiency, the statement said
  • Qatar's investments in the British economy are estimated at over 40 billion pounds and the emirate indicated in 2022 that it intends to invest another 10 billion pounds by 2027

Plastic pollution talks South Korea fail to reach landmark deal

Busan, South Korea - Deeply divided negotiators failed on Sunday to reach a landmark global treaty to curb plastic pollution, missing...
  • For a week, delegates from nearly 200 nations meeting in South Korea have wrestled with how to stop millions of tonnes of plastic waste entering the environment each year
  • Plastic pollution is so ubiquitous that microplastics have been found on the highest mountain peak, in the deepest ocean and throughout almost every part of the human body

Saudi Arabia hosts UN talks on drought, desertification

Riyadh, Saudi Arabia - Saudi Arabia will host the COP16 UN conference on land degradation and desertification next week as the...
  • The subject of desertification is close to home for the Gulf kingdom, which has one of the biggest deserts on the planet
  • Land degradation disrupts ecosystems and makes land less productive for agriculture, leading to food shortages and spurring migration

World reaches $300 bn climate finance deal at COP29

A group of 134 developing countries had pushed for at least $500 billion from rich governments to build resilience against...
  • Nations grappled with bridging divides over how much wealthy, high-polluting countries should pay poorer nations most affected by climate change
  • A group of 134 developing countries had pushed for at least $500 billion from rich governments to build resilience against climate change

‘Moment of truth’ for world-first plastic pollution treaty

Bangkok, Thailand - Plastic pollution litters our seas, our air and even our bodies, but negotiators face an uphill battle next...
  • Countries will have a week in South Korea's Busan from Monday to round off two years of negotiations
  • The talks are a "moment of truth", UN Environment Programme chief Inger Andersen warned this month

Nestle unveils method to boost cocoa yields as climate change hits

Geneva, Switzerland - Faced with climate change diminishing farmers' yields, Nestle announced Wednesday that it was working on a technique...

Latest News

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...

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...

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...

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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).

UAE tops 50C in highest May temperature on record

The United Arab Emirates registered a sizzling 50.4 degrees Celsius on Friday, the highest on record for May, following weeks...
  • Worshippers at Friday prayers reported feeling faint and some residents appeared unsteady on their feet, even in a country that is accustomed to extreme temperatures
  • The highest temperature was recorded in an area of Abu Dhabi, the capital of the oil-rich Gulf state that lies in one of the world's hottest regions

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...
  • More than 140,000 visitors are expected to view what the Royal Horticultural Society (RHS) bills as "the pinnacle of horticultural excellence".
  • In the Intelligent Garden, plant-lovers can truly talk to the trees thanks to artificial intelligence.