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...
Geostrategy
‘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...
Economy
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
Business
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
Economy
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
Economy
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
Derna counts the cost of Libya flood disaster
Derna was home to about 100,000 people, and many of its multi-storey buildings on the banks of the riverbed collapsed,...
- Two dams burst in Derna on Sunday after storm hit, releasing a surge of water that tore through the city, sweeping away buildings and people inside them
- Rescue teams from The Turkey have arrived in eastern Libya, according to authorities. The United Nations and several countries offered to send aid
Geostrategy
Red Cross warns death toll may surge as 10,000 missing in Libya floods
The death toll from freak floods in eastern Libya is expected to soar dramatically, with 10,000 people reported missing, the...
- World Health Organization spokeswoman Margaret Harris meanwhile described the situation in Libya as "a calamity of epic proportions".
- In eastern Libya, the storm hit the coastal town of Jabal al-Akhdar especially hard, as well as Benghazi, where a curfew was declared.
Geostrategy
Building less, repurposing more key to low construction sector emissions
The industry is responsible for 37 percent of global carbon dioxide emissions and growing urbanization is spurring the construction of...
- Mushrooming urban environments -- which add new buildings in an area equivalent in size to Paris every five days -- damage life-sustaining ecosystems.
- Building less and repurposing existing structures generates 50-75 percent fewer emissions than new constructions, a report said.
Geostrategy
150 dead in Libya after storm Daniel results in floods
"At least 150 people were killed as a result of flooding and torrential rains left by storm Daniel in Derna,...
- The storm struck eastern Libya on Sunday afternoon, notably the coastal town of Jabal al-Akhdar but also Benghazi, where a curfew was declared.
- Images filmed by residents of the disaster area showed massive mudslides, collapsed buildings and entire neighborhoods submerged under water.
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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...
Geostrategy
Company News
Latest News
Sustainable mobility rises as GCC turns to hydrogen
MENA countries, adopting ambitious clean energy and transportation strategies, aim for significant hydrogen production by 2050, led by UAE's National...
Economy
ADDED, Siemens Energy to support sustainable industrial development in Emirate
ABU DHABI, UAE - Abu Dhabi Department of Economic Development (ADDED), represented by Industrial Development Bureau (IDB), and Siemens Energy...
Economy
Most Read
Business
TAQA, GS Inima and EWEC seal deal
Abu Dhabi's Shuweihat 4 desalination project secures $444 million.
- The S4 RO project is primarily funded 71 percent through debt financing from both local and international banks.
- The financial closing comes after TAQA and GS Inima signed the water purchase agreement with EWEC in August 2023.
Economy
Climate threats haunt GCC’s economy and finance
The GCC faces a critical challenge as climate risks like extreme heat and water stress rise, potentially impacting the region's...
- The GCC faces a critical challenge as climate risks like extreme heat and water stress rise, potentially impacting the region's economic stability and financial health.
- A new S&P Global report underscores the urgency for adaptation and resilience investments to mitigate risks such as climate-induced flooding.
Geostrategy
Turkmenistan worried as Caspian Sea continues to shrink
Turkmenbashi, Turkmenistan - On the Caspian Sea coast in Turkmenistan, Batyr Yusupov can no longer ferry his passengers between two ports....
- It is still not entirely clear why that is happening, but scientists say it is down to naturally occurring processes exacerbated by climate change
- Turkmenistan, a former Soviet republic, is one of five countries on the Caspian Sea together with Azerbaijan, Kazakhstan, Iran and Russia