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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.

UAE takes lead in advancing global climate action

Through the COP28 Summit, the UAE aims to facilitate discussions, build consensus, and catalyze transformative actions to address the escalating...
  • Through the COP28 Summit, the UAE aims to facilitate discussions, build consensus, and catalyze transformative actions to address the escalating global climate crisis
  • The world sees more frequent and direct impacts of the crisis, exemplified by record-breaking heatwaves wreaking havoc on ecosystems and communities, says an expert

Saudi Arabia, France vow to promote secure, affordable and sustainable energy

RIYADH, SAUDI ARABIA – Prince Abdulaziz bin Salman and Agnes Pannier-Runacher, Minister for Energy Transition of the French Republic met...
  • Addressing climate change, promoting secure, reliable, affordable, sustainable supplies of energy are shared strategic priorities of Saudi Arabia and France.
  • Both countries acknowledge the importance of implementation of the United Nations Framework on Climate Change and the Paris Agreement.

Residents fume as Hawaii fire death toll climbs to 89

Lahaina, a town of more than 12,000 and former home of the Hawaiian royal family, has been reduced to ruins,...
  • More than 2,200 structures were damaged or destroyed as the fire tore through Lahaina
  • The new toll makes the blaze the deadliest in US since 1918, when 453 people died in Minnesota and Wisconsin

US to invest $1.2 bn on facilities to pull carbon from air

The two projects -- in Texas and Louisiana -- each aim to eliminate one million tons of carbon dioxide per...
  • Direct Air Capture (DAC) techniques focus on that CO2 emitted into the air, which is helping to fuel climate change and extreme weather.
  • Each of the projects will remove 250 times more CO2 from the air than the largest carbon capture site currently in operation, the Energy Department said.

Iraq’s extreme temperatures a ‘wake-up call’ for world: UN

It has been experiencing its fourth consecutive summer of drought, and temperatures in the country have been around 50 degrees...
  • In Iraq's far south, high salinity has harmed fishing in the Shatt al-Arab waterway, where the Tigris and Euphrates converge
  • Iraqi Prime Minister Mohamed Shia al-Sudani has vowed that battling climate change would be one of his priorities

Fish farms reel from climate change in water-stressed Iraq

Drastic government measures have restricted water use for some purposes, including crop irrigation, and authorities have cracked down on illegal...
  • About half of Iraq's estimated 5,000 "unlicensed" fish farms have been closed, Shamal said, pointing out that authorities still allow mobile fish tanks
  • In Iraq's far south, high salinity has harmed fishing in the Shatt al-Arab waterway, where the Tigris and Euphrates converge before spilling into the Gulf

UAE to mobilize global tech, space sectors for climate action ahead of COP28

ABU DHABI, UAE - Key UAE government entities have partnered to boost coordination between advanced technology and space sectors.The collaboration...
  • The collaboration aims to further contribute to COP28’s inclusive ecosystem, bringing together major technology companies, global institutions.
  • It will encourage companies to use the UAE as a base for producing new technologies that can help drive sustainable industrial development.

Blazing heat spurs record energy consumption in Bahrain

Life in Bahrain largely moves indoors during the summer months, with the ever-present Arctic blast of air-conditioning systems.
  • Manama's Electricity and Water Authority said the region "recorded its highest-ever electricity consumption rate" on Thursday at 3,798 megawatts
  • Beating last year's record of 3,708 MW, the latest figure came as temperatures on Thursday reached 40 degrees Celsius (104 degrees Fahrenheit),

In a warming world, is an air-conditioned future inevitable?

Washington, United States - They are ubiquitous in the United States, controversial in Europe and coveted in South Asia. As heatwaves...
  • Air conditioning is responsible for the emission of approximately one billion metric tons of carbon dioxide per year, according to the International Energy Agency (IEA).
  • The number of air conditioners in the world, about two billion today, is set to skyrocket as temperatures and incomes rise.

UAE oil giant ADNOC pledges to ‘accelerate’ zero-carbon plan

ADNOC "is accelerating its decarbonization plan to advance its net-zero ambition to 2045, compared to its previous target of 2050,"...
  • ADNOC said it has "reduced its greenhouse gas emissions" by about 5m tons in 2022, mostly through the use of solar and nuclear energy, to power all of its onshore operations.
  • ADNOC CEO Sultan Al Jaber, who will head up COP28, has argued that fossil fuels will continue to play a key role, and that carbon capture technologies will contain emissions.

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...

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UN climate talks home in on fossil fuel deal

Negotiators have failed to produce a new draft agreement since the last text was released on Friday. The document includes...

‘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...

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...

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Faster hydrogen production needed for energy transition: WTO

Abu Dhabi, UAE-- In order to speed up the energy transition there must be a fast increase in the production...
  • IRENA believes that hydrogen and its derivatives would meet 14% of global final energy consumption in 2050
  • Hydrogen generated from renewable power is recognised as a key pillar in replacing fossil fuels and decarbonising sectors

Protestors demand end of fossil fuels, Gaza war at COP28

The demonstrators chanted "Climate justice!" and "Ceasefire now!" as they held pro-environment banners painted in the colors of the Palestinian...
  • The 'Blue Zone' where the COP28 talks are taking place is currently under UN control.
  • At least 17,490 people, mostly women and children, have been killed in Israeli attacks

UAE to tie up with ACSAD to achieve zero neutrality by 2050

Dubai, UAE--The Arab Centre for the Studies of Arid Zones and Dry Lands (ACSAD) will partner with the UAE's Ministry...
  • ACSAD has offered at COP28 several solutions to the problem presented by climate change, including challenges like dealing with water scarcity and food security
  • Dr. Homsi said that Arab summits had given ACSAD the task to implement a number of projects, such as the production of wheat varieties resistant to drought, high temperatures