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UAB net profit up by 50% for H1

Total assets increase by 11 percent.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

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.

UAE urges collective action for sustainable development at G20 ministers meeting in India

DUBAI, UAE – UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri highlighted the importance of collective...
  • The UAE minister called upon G20 countries to fulfil their commitment to providing the pledged financial support for global climate initiatives.
  • She said that is only by collective action that the global community can achieve the worldwide emission reduction target.

Water loss, river pollution threaten Syrian fishermen’s livelihood

The battered country, where half a million died in the conflict, has also suffered the impacts of climate change, from...
  • Syria has endured more than a decade of civil war, and the nearby town of Raqa was the center of the Islamic State group's brutal "caliphate" until their ouster in 2017.
  • Raqa province received only 208 mm per month of rainfall last year, according to the UN Food and Agriculture Organization.

Will climate change hit Mediterranean tourism?

In Spain, the thermometer has shot 15 degrees above normal summer season levels. Italy has also laboured under heatwaves with...
  • In Greece, thousands of tourists have been evacuated in recent days from the islands of Rhodes and Corfu which have been ravaged by fires
  • According to a recent note from Moody's, "heatwaves may reduce Southern Europe's attractiveness as a tourist destination in the longer term

July likely to be warmest month on record: NASA scientist

This month has already seen daily records shattered according to tools run by the European Union and the University of...
  • What is happening right now is increasing the chances that 2023 will be the hottest year on record, which Schmidt currently assigned a "50-50 chance" based on his calculations
  • Schmidt's warnings come as the world has been buffeted by fires and dire health warnings in the past week, in addition to broken temperature records

Iran’s ancient ‘wind catchers’ beat the heat naturally

The wind catchers, called badgirs in Persian, are just one of the engineering marvels inhabitants have developed in this ancient...
  • Oldest of the city's 700 wind catchers dates back to the 14th century, but the architectural feature is believed to date back as far as 2,500 years when the Persian Empire ruled
  • UNESCO listed Yazd as a World Heritage Site in 2017, describing the city as a "living testimony to intelligent use of limited available resources in the desert for survival"

UAE emissions plan ‘insufficient’, say climate groups

PARIS, FRANCE - New carbon-cutting plans by this year's UN climate talks host the UAE were branded "insufficient" by an analysis...
  • The UAE, which will host the COP28 United Nations talks in November and December, has released its updated climate plans.
  • The plans laying out a tougher target to reduce its greenhouse gas emissions by 19 percent by 2030 compared to 2019 levels.

US, Arab League discuss Middle East, Israeli-Palestinian conflict

The US-Arab Strategic Dialogue discussed Middle East peace and the Israeli- Palestinian conflict, among other issues. The dialogue concluded successfully...
  • US-Arab League discussed reducing tensions in regional conflicts, climate change and health security.
  • The US condemned the attack on the Swedish Embassy in Baghdad and urged the Iraqi government to protect foreign missions.

Severe heat a cause of worry for healthcare system, says WHO

GENEVA, SWITZERLAND - The extreme heat in the northern hemisphere is putting an increasing strain on healthcare systems, hitting those least...
  • The WHO said the heat often worsens pre-existing conditions, saying it was particularly concerned about those with cardiovascular diseases, diabetes and asthma.
  • Millions of people across three continents are enduring a sustained spell of dangerous heat as temperature records tumble.

Iraq’s marshes along with a way of life are dying

Even at their center in Chibayish, only a few expanses of the ancient waterways - home to a Marsh Arab...
  • Both the Mesopotamian marshes, and the culture of the Marsh Arabs or Ma'adan have UNESCO world heritage status.
  • The Ma'adan have hunted and fished in the marshes for 5,000 years, building houses from woven reeds on floating reed islands.

Dubai airport diverts flights as ‘exceptional weather’ hits Gulf

Dubai, the Middle East's financial centre, has been paralyzed by the torrential rain that caused floods across the UAE and...

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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...

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...

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...

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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...
  • Al Suwaidi said that food systems are very exposed to the effects of climate change, and "COP28 is proud to be elevating them to the highest level of discussions"
  • According to the COP28 director general, the global community has raised $2.5 billion to support the food-climate agenda during the World Climate Action Summit

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...
  • Jaber, the head of the national oil company of the United Arab Emirates, has urged countries to find a "consensus and common ground" on fossil fuel
  • Saudi Arabia has opposed any phase-out or phase-down of fossil fuels and told COP28 that its "perspectives and concerns" must be taken into account

‘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.