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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.

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,...

France, UAE share vision to shift towards clean energy

PARIS, FRANCE - French Minister of Foreign Trade Olivier Becht said his country and the UAE share a common vision...
  • The UAE and his country are working together on low-carbon energy solutions, the French minister said.
  • The minister highlighted the rising number of natural disasters globally caused by climate change.

OFID, partners offer $60m loan to Tanzania for renewable energy

VIENNA, AUSTRIA -  A new US$60 million loan by the OPEC Fund for International Development (OFID) and partners is expected...
  • The project will include constructing a 166km overhead transmission line connecting the Kagera region to the national grid.
  • Tanzania is investing in expanding its hydropower capacity with plants under development at Rusumo and Kakono in its northwestern region.

London Climate Action week: COP28 President-Designate urges investors to fund climate technology

London, Britain - In Britain to attend London Climate Action Week 2023, COP28 President-Designate, Dr. Sultan Al Jaber, urged investors...
  • Dr Sultan Al Jaber also visited Octopus Energy and its founding CEO, Greg Jackson, in their London headquarters
  • They discussed the latest technologies that support the rollout of renewable energy and storage solutions

Covid and Ukraine have badly hit UN sustainable goals progress

Geneva, Switzerland - United Nations Conference on Trade and Development (UNCTAD) said the COVID-19 pandemic, Ukraine crisis and the climate...
  • The UNCTAD released the fifth edition of its annual SDG Pulse, a global reference for tracking progress towards achieving the Sustainable Development Goals (SDGs) by 2030.
  • The data and analysis cover a wide range of SDG indicators and others relevant to trade, investment, financing for development, debt, transport and technology.

UAE offers the world an eco-friendly economic model

“The World Meteorological Organization is extremely pleased with the UAE's actions, including the decision to increase investment in clean energy...
  • The UAE's economy is less than 20 percent reliant on fossil fuels, setting a leading example in the Gulf region, says WMO Secretary-General Prof Jukka Petteri Taalas
  • The UAE's commitment to clean energy and the decision to host the IRENA headquarters align with WMO's strategy for addressing climate change, he points out

Global body to fund 26 FAO projects worth $174.7m

ROME, ITALY - Building on growing momentum to tackle environmental problems by addressing the ways in which our food and...
  • With these new projects, FAO's partnership with the GEF will have helped countries access over $1.4 billion in financing.
  • These 26 projects will support countries to create or improve the management of nearly 17.9 million hectares of protected areas on land and sea

New regulations aim to restrict greenwashing practices

PARIS, FRANCE- Common standards unveiled on Monday for companies to report their greenhouse gas emissions could curb misleading climate claims in...
  • Currently, most large companies report how many tons of carbon they emit into the atmosphere each year, but the data is often not reliable.
  • The poor quality of data and lack of common standards allows companies to overstate their climate credentials - the practice of "greenwashing".

United Arab Emirates University launches its COP28 roadmap

AL AIN, UAE - The United Arab Emirates University (UAEU) on Friday launched its plan of action leading up to...
  • The roadmap has three major themes: Research and Innovation, Youth Empowerment, and Local and International Partnerships
  • The focus of the initiatives is sustainable energy, waste reduction, and the reuse of natural resources.

‘Global climate action brings immense optimism’

Finland and the UAE will be able to tackle climate change through international efforts, collaboration, and partnerships, she adds while...
  • Kerstin Stendahl, Finland’s Special Envoy for Climate Change, expresses optimism for the forthcoming COP28 and global climate action
  • Finland and the UAE will tackle climate change through international efforts, collaboration, and partnerships, the Finnish diplomat highlights

Historic achievement: UN adopts first treaty to protect high seas

Following more than 15 years of discussions, UN member states finally agreed on the text for the treaty in March...
  • The landmark treaty will establish a legal framework to extend swathes of environmental protections to international waters, which make up more than 60% of the oceans.
  • The treaty is seen as crucial to countries protecting 30 percent of the world's oceans and lands by 2030, as agreed by world governments.

Climate change is slowing heat waves, prolonging misery

While previous research has found climate change is causing heat waves to become longer, more frequent and more intense, 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...

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...

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...

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China pushes for ‘acceptable’ to all deal on fossil fuel at COP28

Despite efforts by the OPEC oil cartel to block any text targeting fossil fuels at COP28, Chinese envoy Xie Zhenhua...
  • Negotiations in Dubai have focused on calls to phase out the global extraction of oil, gas and coal in hopes of tackling the planet's worsening climate change.
  • The roles of China and the US are considered crucial for the world to make any progress in efforts to limit warming to 1.5 degrees Celsius.

OPEC implores members to oppose any COP28 deal targeting fossil fuels

Dubai, UAE--The head of OPEC has urged members of the oil cartel to reject any deal at UN climate talks...
  • The OPEC chief urged members to reject any text or formula that "targets energy i.e. fossil fuels rather than emissions"
  • On Friday, negotiators released an updated text that still includes various options for exiting oil, gas and coal

Fossil fuels usage must end by 2040 to restrict warming to 1.5C

In a note to the UN Secretary-General Antonio Guterres and UN Climate Change body, shared with AFP, climate scientists from...
  • The steep timeline they laid out comes as climate negotiators at the COP28 talks in Dubai are tussling over the future of oil, gas and coal.
  • The UN climate negotiations are tasked with helping the world meet the Paris deal goal of limiting global warming to 1.5 degrees Celsius.