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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.

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

4 bids for Al Ajban power project

There will be a process to select the best proposal.
  • Al Ajban Solar PV is EWEC’s third world-leading solar power project.
  • Abu Dhabi is home to world’s three largest single-site solar power plants.

Global research collaboration will help achieve SDGs

“We need greater cooperation is scientific research and innovation. Research and innovation are not only imperative for national and global...
  • UAE Minister of State Sarah Al Amiri believes achieving the SDGs, Paris Agreement goals, and Global Biodiversity Framework demands united efforts from research communities
  • The UAE minister reaffirms the UAE's commitment to increasing R&D spend to 2% of GDP by 2031 and the formation of the Emirates Research & Development Council

Saudi Arabia should ‘review’ emissions targets: French minister

France's energy transition minister Agnes Pannier-Runacher left the world's biggest oil exporter early Sunday morning after meeting with her Saudi counterpart....
  • Saudi Arabia pledged in 2021 to achieve net zero carbon emissions by 2060. Pannier-Runacher's trip came as the UAE prepares to host the COP28 climate summit.
  • Largely state-owned energy firm Saudi Aramco, the kingdom's main revenue generator, is targeting "operational net-zero" carbon emissions by 2050.

Dubai Solar event to focus on research in clean energy

DUBAI, UAE- Dubai Electricity and Water Authority (DEWA) said the MENA Solar Conference (MENA-SC) which it organizes from November 15-18...
  • Prominent experts, specialists and researchers worldwide will highlight the latest developments, technologies and scientific research in solar power.
  • The four-day conference will discuss various scientific research in the solar energy sector to accelerate the transition towards renewable and clean energy.

‘Greenhouse gas emissions from agriculture likely to rise by 7.5% in next decade’

PARIS, FRANCE - Greenhouse gas emissions from agriculture are expected to increase by 7.5 percent in the next decade, said...
  • Projected greenhouse gas emissions are less than half the projected output growth.
  • This output indicates a significant fall in the carbon intensity of agricultural production.

Abu Dhabi frames new grazing regulations to protect rangelands

Abu Dhabi, UAE-- In order to protect natural rangelands and promote sustainable traditional grazing practices, the Environment Agency – Abu...
  • The introduction of the new policy by the agency will ensure the recovery of vegetation cover and promote the sustainability of biodiversity
  • The new regulation mandates that licensees should stay away at least 2km from protected areas, forests, residential, military and private areas

Global maritime sector improves carbon-reduction target: draft deal

Compared with 2008 levels, the United Nations' global shipping regulator has agreed to cut total annual emissions of greenhouse gases...
  • The latest agreement comes at the end of a five-day meeting at the International Maritime Organization's headquarters in London
  • The vast majority of the world's 100,000 cargo ships - which carry 90 percent of the world's goods - are powered by highly-polluting diesel

Climate change tests limits of Mediterranean wildfire strategy

In the northwest United States they say the average expanse of forest destroyed by wildfires annually doubled between 1984 and...
  • In October 1970, 11 people perished near France's far southeastern border with Italy and then fifteen years later, a new inferno in the area killed five volunteer firefighters
  • Many observers credit the fall in fatalities to the strategy adopted in the early 1990s in the arc from France's border with Spain to the frontier with Italy

World saw hottest June on record, Tuesday hottest day ever

Petteri Taalas, secretary-general of the UN's World Meteorological Organization, warned on Monday that El Nino "will greatly increase the likelihood...
  • "The month was the warmest June globally at just over 0.5 degrees Celsius above the 1991-2020 average, said EU monitor Copernicus.
  • The tumbling records reflect the impact of global warming driven by greenhouse gases released from human activity.

Climate change spells ‘truly terrifying’ future of hunger, suffering: UN

On current policy trends, the planet will be 2.8C warmer by the end of the century, according to the UN's...
  • UN human rights chief Volker Turk told a debate on the right to food that extreme weather events were wiping out crops, herds and ecosystems.
  • "Our environment is burning. It's melting. It's flooding. It's depleting. It's drying. It's dying," he said, evoking a "dystopian future".

Electric cars credited with lower CO2 emissions in US neighborhoods

LOS ANGELES, US – The booming use of electric vehicles in parts of California is reducing CO2 emissions in those areas,...

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‘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...

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...

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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

OPEC chief says ‘single solution’ non existent for energy transition

Dubai, UAE - The OPEC oil cartel said Saturday there was no "single solution" to the energy transition as pressure grows...
  • "There is no single solution or path to achieve a sustainable energy future," said a speech by OPEC secretary general Haitham Al Ghais
  • "We need realistic approaches to tackle emissions, ones that enable economic growth, help eradicate poverty and increase resilience at the same time," he said