This is a temporary backup site for TRENDS MENA while our primary website is being restored following a regional disruption affecting Amazon Web Services cloud infrastructure in the GCC.

Search Site

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.

Carbon neutrality strategy to propel green transition

This ambitious strategy, commissioned by the ASEAN Member States and with the support from the Australia for ASEAN Futures (AUS4ASEAN)...
  • The ASEAN Strategy for Carbon Neutrality aims to complement national initiatives of ASEAN Member States in meeting their Paris Agreement commitments
  • The strategy, supported by AUS4ASEAN initiative, highlights the urgency of pursuing carbon neutrality to unlock the value potential of a green transformation

Tens of thousands of Canadians flee homes as wildfires spread

Prime Minister Justin Trudeau said he had spoken with British Columbia Premier David Eby about the "rapidly evolving and incredibly...
  • Kelowna, a city of 150,000, was choked with thick smoke as it became the latest population center hit in a summer of dramatic wildfires across Canada
  • About 40 flights carrying around 3,500 passengers from Yellowknife have arrived in Calgary, said officials in the city, which has made nearly 500 hotel rooms available

Bahrain to build walls against rising sea

But by 2050, sea levels could rise by at least 0.5 metre, according to the minister, citing the United Nations'...
  • Most of Bahrain's population and major facilities are located in low-lying coastal areas less than five metres above the water
  • Extreme temperatures due to accelerated climate change could make parts of the Gulf unliveable by the end of the century, experts say

Economists convened by COP28 lay out steps to reform global climate finance

ABU DHABI, UAE - A two-day meeting of world leading economists and finance leaders convened by the COP28 Presidency has...
  • Particular areas of focus for the new framework will include addressing debt distress in vulnerable countries.
  • Group said that private finance flows need to grow much faster to meet the $2.4 trillion investment estimated nnually.

Caspian Sea water levels hit 30-year low

Estimates reveal a 9-meter decline in Caspian Sea water levels, shrinking the area by 24 percent, as the northern half...
  • Estimates reveal a 9-meter decline in Caspian Sea water levels, shrinking the area by 24%, as the northern half witnesses a more significant drop than the southern part.
  • The Caspian Sea supports a vital fishery, provides water for agriculture, and is home to several threatened species, including 90% of the world's last-remaining sturgeon.

Under UAE Presidency, COP28 will lead global efforts to protect the planet, safeguard future generations

"The UAE possesses essential capabilities such as modern infrastructure, a commendable track record in sustainability and environmental conservation, recognition as...
  • Sheikh Mohamed highlights role of youth, women, and civil society in combating climate change
  • UAE invites global cooperation for collective climate action, COP28 to lead efforts under UAE Presidency

Baghdad zoo animals suffer 50C heat

Underfunded and run down by years of unrest, the zoo's dilapidated facilities make matters worse for its 900 animals, including...
  • In an attempt to lower the temperature, air coolers have been installed in front of the lion cages, and pools are provided for the bears and tigers
  • The veterinarian said the zoo has lost bears, lions and birds in recent years, some of them because of the soaring temperatures caused by climate change.

ADNOC, Tabreed say breakthrough in project to harness geothermal energy

ABU DHABI, UAE – ADNOC and the National Central Cooling Company (Tabreed) on Monday announced a breakthrough following the conclusion...
  • The landmark project, the first in the Gulf region, is set to decarbonize the cooling of buildings in Masdar City.
  • The project will further diversify the UAE’s energy mix and support the National Energy Strategy 2050.

Iraq drought claims popular lakeside resort

Shorelines at Habbaniyah, about 70 kilometres west of Baghdad, have receded by several dozen meters after years of drought ravaged...
  • Shops and holiday homes by the lake now sit empty in the height of summer. On the beach, stray dogs wander between unused umbrellas
  • Sada'a Saleh Mohamed, a local official overseeing finances at the Habbaniyah resort, said "the lake has receded" and tourism has become "really very weak"

Water flows from Turkey improve after pact: Iraq minister

Baghdad, Iraq - The water flows from Turkey to Iraq have improved at a rate of 500 m3 per second...
  • The crisis affects Iraq from north to south, and is not limited to the cities of the center and south, Aoun Diab said
  • The water file in Iraq has become critical, but with good management, it is possible to overcome the crisis, he added

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,...

Company News

Latest News

Global health crisis looms amid climate change: WEF

Global coalition and trillions of dollars are required to prevent escalating human deaths due to climate change, Dr. Shyam Bishen...

ITFC looks to ramp up green financing to 30% of its portfolio

Dubai, UAE-- The International Islamic Trade Finance Corporation (ITFC) is looking to ramp up its sustainable and green financing to...

COP28 focused on achieving balanced package in negotiations: Majid Al Suwaidi

Dubai, UAE-- The COP28 Presidency is focused on achieving a balanced package in the negotiations, according to Ambassador Majid Al...

Most Read

‘Private sector plays key role in climate resilience’

Private sector has the ability to mobilize resources and foster innovative solutions for vulnerable communities, Dominica's Environment Minister Cozier Frederick...
  • Private sector has the ability to mobilize resources and foster innovative solutions for vulnerable communities, Dominica's Environment Minister Cozier Frederick tells TRENDS.
  • Optimistic about COP28's impact and the crucial Loss and Damage Fund, the minister underscores the need for a bottom-up approach and community involvement in climate action.

NEOM launches ‘Topian’ to ensure climate-proof agriculture in Saudi

NEOM, Saudi Arabia: NEOM, a mega-city project in Saudi Arabia characterized by futuristic urban planning and advanced technologies, Sunday announced the...
  • Topian has been launched with the support of the Saudi Ministry of Environment, Water and Agriculture (MEWA).
  • Topian has signed numerous local and international strategic partnership agreements with organizations that share Topian’s commitment to reshaping the future of food.

Progress but divisions persist as climate summit fights over fossil fuels

Colombia, whose left-leaning government has aggressively promoted environmentalism, warned that COP28 was also failing on raising financing for countries to...
  • A third draft of fossil fuel deal, released on Friday, offers various ways to phase out fossil fuels but also includes the option to avoid the issue entirely
  • OPEC Secretary-General Friday urged the cartel's 13 members and 10 allies to "proactively reject" any language that "targets" fossil fuels rather than emissions