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Climate Change

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

TotalEnergies, Adani Group set up JV for wind, solar power production in India

PARIS, FRANCE - French firm TotalEnergies and Indian group Adani unveiled plans on Wednesday to create a joint venture to develop wind...
  • The JV will include wind and solar assets that Adani Green Energy Limited already operates and is building and developing in India.
  • TotalEnergies has been developing renewable electricity production, with 19 GW of installed gross production capacity as of July 2023.

Climate action an opportunity to create more equitable world: Almheiri

Dubai, UAE-- Terming climate action as an opportunity to create a more equitable and sustainable world, Mariam bint Mohammed Almheiri,...
  • The minister said the UAE believes that science, innovation and technology are the tools humanity needs to drive collective progress on climate action
  • Almheiri asserted that COP28 is a chance to turn the world’s collective focus to conclude the first Global Stocktake of the Paris Agreement

Three firefighters die in Turkey helicopter crash

ISTANBUL, TURKEY - Turkish divers searched on Sunday for the bodies of three firefighters who died when their helicopter crashed into...
  • Turkey has funnelled resources into its emergency response efforts after being gripped by devastating fires in 2021.
  • Global warming is changing weather patterns and contributing to a years-long drought across swathes of Turkey.

California sues oil giants, alleges environment, climate-risks deception

The US state of California sued five of the world's largest oil companies, alleging the firms caused billions of dollars...
  • The suit follows numerous other cases brought by US cities, counties and states against fossil fuel interests over the impact of climate change.
  • The suit seeks the creation of an abatement fund to pay for future damages caused by climate disasters in California.

Aid groups warn of outbreak of disease in Libya after floods

Several aid organizations have warned of the outbreak of disease in the port city of Derna, after Sunday's flood submerged...
  • Islamic Relief has warned of a second humanitarian crisis from water-borne diseases and shortages of food
  • The UN has made an appeal for more than $71 million to assist hundreds of thousands in need

UAE to meld climate change talks with interfaith harmony at COP28

Abu Dhabi, UAE - The UAE Ministry of Tolerance and Coexistence and the COP28 Presidency have signed a Memorandum of...
  • The UAE Ministry of Tolerance and Coexistence will assist in organizing and overseeing the Faith Pavilion at COP28
  • The platform aims to enhance global religious engagement to bolster climate action and address the climate crisis

Emirates NBD Group invests in sustainability startup Erguvan

Dubai, UAE - Emirates NBD made an investment in Erguvan, a climate and financial technology venture aimed at providing financial...
  • The investment was made via Deniz Ventures, an investment fund launched by DenizBank A.S., Türkiye, under the umbrella of Emirates NBD Innovation Fund
  • The Group-wide fund was created to enable investments in FinTech, SustainTech and Tech companies and start-ups across Emirates NBD’s key markets

Drought, fires threaten Lebanon’s northern forests

In the wake of a blistering and dry summer, residents of the mountainous Akkar region near the Syrian border are...
  • A government official blamed the water shortages on both a lack of rain and rising demand
  • Lebanon "doesn't have the logistical capabilities to deal with a huge fire," said Taleb, a resident

UAE is 6th highest per capita consumer of solar energy in the world

Abu Dhabi, UAE - The UAE ranks among the top world leaders in solar energy use, according to a recent...
  • The country has developed solar mega projects, including Shams, Noor Abu Dhabi and Al Dhafra in Abu Dhabi
  • Masdar, the country’s leading renewable energy company, has played a key role in these projects

California firefighters use AI to battle wildfires

For several years firefighters have used a network of more than 1,000 cameras to monitor possible fire hotspots. Since the...
  • Computers watching live feeds from Cleveland National Forest spotted what their algorithm had been taught to understand was a column of smoke
  • Human operators were able to verify the machines were correct and alerted Captain Kris Yeary of Cal Fire, whose firefighters quickly extinguished the flames

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...

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World unites at COP28 to shift away from fossil fuels

Nearly 200 nations in Dubai have collectively endorsed an agreement to move away from fossil fuels, marking a significant step...

Digitalization has high environmental costs, says UNCTAD meet

DUBAI, UAE - With global attention on the COP28 climate summit, UNCTAD’s eWeek 2023 highlighted digitalization’s potential to accelerate climate...

COP28 goes into overtime as negotiators wrestle over fossil fuel

COP28 has debated a historic first-ever global "phase-out" from oil, gas and coal, the main culprits in a planetary crisis...

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‘Investment policies must align with net-zero goals’

An alliance of public and private sectors is crucial for advancing the green agenda and effectively managing supply chain emissions,...
  • An alliance of public and private sectors is crucial for advancing the green agenda and effectively managing supply chain emissions, WEF's Kimberley Botwright tells TRENDS.
  • Technological advancements, particularly AI, are key accelerators in sustainable trade, while an estimated $125 trillion is required for the net-zero transition by 2030, she adds.

‘Tech solutions help make food practices sustainable’

UAE's launch of Food Innovation Hub emphasizes the government's eagerness to innovate and collaborate for sustainable food systems, WEF's Tania...
  • UAE's proactive role in launching Food Innovation Hub emphasizes the government's eagerness to innovate and collaborate for sustainable food systems, says WEF's Tania Strauss.
  • The success of UAE's Food Innovation Hub hinges on public-private sector collaboration, with ongoing work to define roles and ecosystems, adds the head of food and water at WEF.

UAE witnesses 7% rise in youth green skills in 2023

“We will work to create about 135,000 jobs in the field of green transition worldwide, and therefore ensuring that there...
  • The World Bank's Green Initiative dedicates 45% of its annual financing to climate-related projects, with a strong emphasis on developing green skills.
  • The apex global bank has a focused plan to create 135,000 jobs globally in the green transition sector, says Safaa El Tayeb El-Kogali of the World Bank.