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Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Climate change to be discussed in Dubai COP28 meet, says Egypt minister

Cairo, Egypt - Egyptian Minister of International Cooperation Dr. Rania Al Mashat, said the 28th Conference of the Parties to...
  • noted that international reports indicate that the countries in the Middle East and North Africa region are most vulnerable to climate change risks
  • Al Mashat added that COP28 will see presentations on the most important results and joint action taken over a year within the National Platform for Green Projects

Dubai Chambers saves water, works on sustainability agenda

DUBAI, UAE - Dubai Chambers has contributed to the emirate’s drive for sustainability by saving a total of 72,239 litres...
  • The savings were achieved as part of the chambers’ participation in Dubai Can, a sustainability initiative launched by the Crown Prince of Dubai.
  • Dubai Can is aimed at educating and mobilising all segments of society to reduce waste and protect the environment.

Greek firefighters struggle to control wildfires for sixth day

Athens, Greece--Hundreds of firefighters in Greece struggled Thursday to gain the upper hand against major wildfires burning unchecked for a sixth...
  • Threatening a national park, a huge blaze continued to burn on Mount Parnitha near Athens, in the largest forest adjoining the capital
  • According to a government minister, Greece was going through the worst summer of fires since fire-risk maps were introduced in 2009

COP28 will provide a pivotal moment in climate action

The conference will focus on practical aspects, unifying action, and establishing partnerships, as well as aligning efforts to transition from...
  • COP28 will focus on practical solutions, unifying global action, and fostering partnerships, says IUCN chairwoman
  • The conference aims for a "human-centric" approach, emphasizing nature, food, health, and climate resilience, she adds.

Schools shut in Makkah region after heavy storms and downpour

The meteorology center warned of further storms on Wednesday bringing rain, wind and thunder to the Mecca region and elsewhere...
  • The storm brought gale force winds exceeding 80 kilometers (50 miles) per hour, Hussein al-Qahtani, spokesman for the National Centre for Meteorology.
  • The Makkah neighborhood of Al-Kakkiyah recorded 45 millimeters (1.8 inches) of rain within 24 hours, the meteorology center shared in a post on X.

UAE stands ready to host COP28: Almheiri at the start of 100 day countdown

Abu Dhabi, UAE - The UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri, affirmed on Tuesday...
  • Almheiri underscored the UAE's pivotal role in advancing global climate initiatives and safeguarding natural environment and earth
  • She said that in the context of the UAE’s 'Year of Sustainability' in 2023, the 100 days before COP28 will see the launch of myriad of initiatives

Sustainable finance helps achieve net-zero emissions

"Together, we are working under the direct supervision of the Central Bank of the UAE to further advance sustainable finance...
  • Six major UAE banks have dedicated over US$51.8 billion in green financing for renewable energy, waste-to-energy, and green technology projects
  • UBF members will play a critical role in integrating environmental values into business and industrial progress during the upcoming COP28, says its chief

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

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...

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‘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 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...

Protecting nature may avert $2.7trn global economic losses: World Bank

Dubai, UAE-- Protecting nature could avert global economic losses by 2030 of US$2.7 trillion per year, or 2.3 percent annually,...

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Arab meet calls for more investments in renewable energy

Speaking at the 12th Arab Energy Conference organized by the Organization of Arab Petroleum Exporting Countries (OAPEC), Qatar's Energy Minister...
  • OAPEC Secretary General Eng. Jamal Issa Al Loughani emphasized the conference's focus on international energy market developments and their local and global implications.
  • He called for a careful balance between emission reduction, energy availability and affordability, while underscoring challenges in building sustainable energy systems.

Russia, Saudi say sovereign Palestine state vital for regional peace

RIYADH, SAUDI ARABIA – Russia and Saudi Arabia expressed concern on the present situation in Gaza and said that a...
  • The two sides discussed the developments in Palestine and expressed their deep concern about the humanitarian catastrophe in Gaza.
  • Russia and Saudi Arabia stressed on the need to stop military operations in the Palestinian territories, and the need to protect civilians.

COP28 draft deal calls for ‘reducing’ fossil fuel production, consumption

The draft no longer mentioned a "phase-out". The text prepared under COP28 president Sultan Al Jaber, the head of the...
  • The document calls for reducing the consumption and production of fossil fuels in "a just, orderly and equitable manner so as to achieve net zero by, before, or around 2050".
  • A previous draft on Friday included the word "phase-out" which climate campaigners, low-lying island states and the European Union have been pushing for.