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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.

Reform of multilateral financial institutions must for climate action, says Dr Al Jaber

PARIS, FRANCE  -  COP28 President-Designate Dr. Sultan Al Jaber met French President Emmanuel Macron and outlined his vision on the...
  • The UAE minister stressed on the need to deploy all necessary resources to transform the global energy systems.
  • Dr. Al Jaber emphasized the need for ambitious reforms across international financial institutions and multilateral development banks.

‘Morocco economy robust, 80% of exports manufactured products’

The country managed to restrict inflation to 6 percent and sustain jobs despite challenges, the North African nation's Industry and...
  • The country managed to restrict inflation to 6 percent and sustain jobs despite challenges, the North African nation's Industry and Trade Minister Ryad Mezzour tells TRENDS.
  • Moroccan automotive industry produced 700,00 cars in 2022 and we expect the production to hit 1 million in the next three years, adds Mezzour during the interview

Governments to vet crucial UN climate science report

Diplomats from nearly 200 nations and top climate scientists begin a week-long huddle in Switzerland Monday to distill nearly a...
  • Among the IPCC findings that could be highlighted in the synthesis report is the looming threat of deadly heat
  • The synthesis report will reflect debate over the best way to decarbonize the global economy

Will plant 5m trees in country, says Iraqi Prime Minister

BASRA, IRAQ -  Iraq's prime minister on Sunday announced a campaign to combat the severe impacts of climate change on the...
  • Oil-rich but war-battered Iraq suffers from extreme summer heat, frequent droughts, desertification and regular dust storms.
  • Prime Minister Mohammed Shia al-Sudani told a climate conference that more than seven million Iraqis had already been affected by climate change.

UAE minister meets UN Secretary-General on global climate action

NEW YORK, US -  Minister of Industry and Advanced Technology and COP28 President-Designate Dr. Sultan bin Ahmed Al Jaber met...
  • The minister outlined the UAE’s key COP28 priorities across mitigation, adaptation, loss and damage, climate finance and process innovation.
  • The UAE and UN discussed the urgent need to close the financing gap and to keep alive the goal of limiting global warming to 1.5ºC.

COP28 President Designate meets with key US government officials

WASHINGTON DC, US -  UAE Minister of Industry and Advanced Technology and COP28 President Designate Dr. Sultan bin Ahmed Al...
  • The UAE minister discussed multilateral development bank reform as weel as an update on recent US climate policy action.
  • They discussed the need to invest in global clean energy supply chains, and the role of the US-UAE Partnership for Accelerating Clean Energy.

Food system emissions will add 1°C to earth’s surface temperature by 2100

A major overhaul of the sector - from production to distribution to consumption - could reduce those emissions by more...
  • A major overhaul of the sector - from production to distribution to consumption -could reduce those emissions by more than half
  • Mitigating emissions from the food sector is essential to working toward a secure climate future, the study's lead author Catherine Ivanovich said

UN moves towards real-time tracking of greenhouse gases

The UN announced that it had taken a significant step towards trying to fill a key gap in the fight...
  • The three major greenhouses gases are carbon dioxide, methane and nitrous oxide.
  • Of those, CO2 accounts for around 66 percent of the warming effect on the climate.

UAE, Italy enhance bilateral relations to Strategic Partnership level

ABU DHABI, UAE -  The United Arab Emirates and Italy on Saturday announced the enhancement of their  bilateral relations to...
  • A pact for cooperation on energy projects and sustainability initiatives between Abu Dhabi National Oil Company and the Italian energy group Eni was signed.
  • The MoU aims to strengthen cooperation in the field of emissions reduction, new energy technologies and low-carbon solutions.

Ocean conference participants pledge US$19bn

Panama City, Panama - Delegates to a global conference on saving the world's oceans pledged US$19 billion, the host country Panama...
  • European Union announced it would dedicate $865 million to ocean-related projects this year
  • The total included a $6 billion from the United States, announced by White House climate envoy John Kerry

World sees first 12 months above 1.5C warming level, says climate monitor

PARIS, FRANCE -  Earth has endured 12 consecutive months of temperatures 1.5C hotter than the pre-industrial era for the first time...

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Morocco gardening school cultivates hope for marginalised youth

Launched by the Islamic Culture Foundation in 2018, Bouregreg Med-O-Med school provides free training to dropouts and other marginalized youths...

COP28 ignites key climate change talks in Arab world

"The event focuses on transitioning the energy sector, demonstrating how strategic investments can foster prosperity without solely relying on fossil...

50 oil and gas companies pledge to cut operational emission in COP28 meet

DUBAI, UAE - Fifty oil and gas companies representing 40 percent of global production pledged to decarbonize their operations by 2050...

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UAE President attends Group of 77 and China meeting at COP28

DUBAI, UAE – At the UN Climate Change Conference (COP28) here, UAE President Sheikh Mohamed bin Zayed Al Nahyan attended...
  • The UAE President expressed the country's commitment to enhancing global cooperation to achieve the ambitious goals set for COP28.
  • These include accelerating the shift to a sustainable, low-carbon and economically robust model to deal with climate change.

Climate chaos impact on millions frames discussions at COP28

With the countless repercussions of extreme weather conditions, the planet is witnessing increasing political unrest, deaths and diseases.
  • Climate extremes pushed 56.8 million people in 12 countries into acute food insecurity in 2022, according to the WFP
  • Climate change is also increasing PTSD, anxiety, and depression among survivors of hurricanes, wildfires and floods

Abu Dhabi Global Market announced as home to $30 billion ALTÉRRA

Abu Dhabi, UAE - The Abu Dhabi Global Market (ADGM) was announced as the home of the newly launched catalytic...
  • As the principal climate finance partner of COP28, ADGM has played a pivotal role in shaping the global dialogue on climate finance
  • The initiative, which saw the UAE commit a US$30 billion in catalytic capital, positions ALTÉRRA to mobilise US$250 billion globally by 2030