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Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Top Europe rights court to issue landmark climate verdicts

STRASBOURG, FRANCE – Europe's top rights court will on Tuesday issue unprecedented verdicts in three separate cases on the responsibility of...
  • In a sign of the importance of the issue, the cases have all been treated as priority by the Grand Chamber of the ECHR.
  • All three cases accuse European governments of inaction or insufficient action in their measures against global warming.

Electric cars credited with lower CO2 emissions in US neighborhoods

LOS ANGELES, US – The booming use of electric vehicles in parts of California is reducing CO2 emissions in those areas,...
  • Scientists at the University of California, Berkeley, say a network of sensors has logged a small drop in the volume of carbon dioxide.
  • Carbon dioxide is one of the main contributors to global warming, the human-caused phenomenon of rising temperatures.

Climate change is slowing heat waves, prolonging misery

While previous research has found climate change is causing heat waves to become longer, more frequent and more intense, the...
  • "If a heatwave is moving slower, that means heat can stay in a region longer, so that has effects on communities," senior author Wei Zhang of Utah State University told
  • Researchers used climate models to determine what the results would have looked like absent human-caused climate change, and found manmade factors loomed large

Sprinklers and drip irrigation help Iraqis beat drought

After four years of drought, Iraqi farmer Mohammed Sami was about to abandon his father's parched land, but then a...
  • Last year the WFP's water management project helped more than 1,100 farmers "in areas most affected by climate change and drought," said Khansae Ghazi from the UN agency
  • The new irrigation systems "use 70 percent less water than traditional methods such as flooding" -- the vastly more wasteful method used for millennia

Poorer countries need money before raising climate targets, says COP29 head

Copenhagen, Denmark - Developing countries should not have to set stricter targets for cutting their carbon emissions before funds are available...
  • Addressing the meeting, Azerbaijan's Mukhtar Babayev said "there is a growing gap between the needs of developing countries and what's available.
  • This year, "finance will lie at the heart of climate diplomacy", said Babayev, the ecology and natural resources minister of Azerbaijan, host of COP29 climate summit.

No oil and gas majors aligned with climate targets: report

An A grade would be potentially aligned with the goals of the 2015 Paris Agreement to limit temperature rise to...
  • The assessment of the 25 largest listed fossil fuel firms by the think-tank Carbon Tracker is designed to enable investors to judge whether the firms are in line with international
  • At the bottom of the Carbon Tracker list were Saudi Aramco, Brazil's Petrobras, and the US's ExxonMobil, all rated G. The US firm Conoco Phillips was given an H

Methane emissions under spotlight at global forum in Geneva

Methane emissions from the fossil fuel industry have risen for three consecutive years, according to the International Energy Agency (IEA),...
  • Methane -- which is potent but relatively short-lived -- is a key target for countries wanting to slash emissions quickly and slow climate change
  • It is the second largest contributor to climate change, accounting for roughly 30 percent of global warming since pre-industrial levels

Women, rural poor most affected by climate change, says UN

PARIS, FRANCE – Heatwaves and floods inflict greater economic pain on rural women than men because climate change intensifies existing inequalities,...
  • The report said rural, women-led households in low- and middle-income nations already face more financial burdens than men when disaster strikes.
  • It estimated that if average temperatures increase one degree Celsius, women would face a 34 percent greater loss in total income compared to men.

Above-normal temperatures for March-May due to El Nino: UN

El Nino, the large-scale warming of surface temperatures in the central and eastern equatorial Pacific Ocean, typically has the greatest...
  • Though El Nino is now gradually weakening, its impact will continue over the coming months by fuelling the heat trapped in the atmosphere by greenhouse gases
  • It 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

World resource extraction could surge 60 percent by 2060, UN warns

Paris, France - Extraction of Earth's natural resources could surge 60 percent by 2060, imperiling climate goals and economic prosperity, the...
  • The hunger for natural resources -- everything from food to fossil fuels -- keeps growing by an average of more than 2.3 per cent per year, it said.
  • Extraction and processing of the huge amount of resources accounts for over 60 percent of planet-warming emissions, the report said.

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...

Latest News

UN biodiversity conference in Colombia: what’s at stake?

Paris, France - The world's pledges to halt humankind's destruction of nature will be put to the test when the 16th...

Can biodiversity credits unlock billions for nature?

Paris, France - For supporters, biodiversity credits could unlock billions in much-needed funding for nature, but critics fear a repeat of...

World Bank boosts climate financing by 10 percent

Washington, United States - The World Bank announced Thursday that it delivered a record $42.6 billion in climate change financing in...

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Dubai airport diverts flights as ‘exceptional weather’ hits Gulf

Dubai, the Middle East's financial centre, has been paralyzed by the torrential rain that caused floods across the UAE and...
  • The world's busiest air hub for international passengers confirmed a halt to arrivals at 7:26 pm (1526 GMT) before announcing a "gradual resumption" more than two hours later
  • Earlier the airport, which had been expecting more than 100 flight arrivals on Tuesday evening, briefly halted its operations in the chaos caused by the storm

Top Europe rights court to issue landmark climate verdicts

STRASBOURG, FRANCE – Europe's top rights court will on Tuesday issue unprecedented verdicts in three separate cases on the responsibility of...
  • In a sign of the importance of the issue, the cases have all been treated as priority by the Grand Chamber of the ECHR.
  • All three cases accuse European governments of inaction or insufficient action in their measures against global warming.

Electric cars credited with lower CO2 emissions in US neighborhoods

LOS ANGELES, US – The booming use of electric vehicles in parts of California is reducing CO2 emissions in those areas,...
  • Scientists at the University of California, Berkeley, say a network of sensors has logged a small drop in the volume of carbon dioxide.
  • Carbon dioxide is one of the main contributors to global warming, the human-caused phenomenon of rising temperatures.