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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.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

EU unveils plans to scale up net-zero technology

BRUSSELS, BELGIUM- The European Commission proposed the Net-Zero Industry Act to scale up manufacturing of clean technologies in the EU...
  • The Act aims to enhance the resilience and competitiveness of net-zero technologies manufacturing in the EU, while making energy system more sustainable.
  • EU seeks to increase overall strategic net-zero technologies manufacturing capacity approaches or reaches at least 40 percent of the Union's deployment needs by 2030.

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.

World resource extraction could surge 60 percent by 2060, UN warns

Paris, France - Extraction of Earth's natural resources could surge 60 percent by 2060, imperiling climate goals and economic prosperity, the...

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Saudi energy minister calls Western climate pledges ‘small change’

"Unlike the small change offered for loss and damage from our partners in developed countries, the Kingdom through its South-South...

$272 billion sustainable finance pledge by UAE financial sector at COP28

Abu Dhabi, UAE -- The financial sector of the United Arab Emirates commits to mobilizing more than AED 1 trillion...

Saudi Arabia, Turkiye strengthen collaboration in agriculture, water management

RIYADH, SAUDI ARABIA – The Kingdom's Minister of Environment, Water and Agriculture Eng. Abdurrahman bin Abdul Mohsen Al-Fadhli signed a...

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Tunisia aims to reach 30% renewable energy by 2030: Delegate to COP28

Dubai, UAE - Tunisia has set a goal to reduce greenhouse gas emissions by 45 percent by 2030, and is...
  • Bringing attention to the modest 4 percent share of renewable energy, the delegate highlighted the environmental challenges it poses
  • Tunisia is one of the first countries to announce its intention to achieve carbon neutrality by 2050, the delegate added.

MENA region can create 10m jobs by 2050 via climate action, says ILO

DUBAI, UAE - International Labor Organization (ILO) Deputy Regional Director for the Arab States Peter Rademaker has confirmed that the...
  • The trend towards renewable energy has helped to create 13.7 million jobs in the sector worldwide.
  • The ILO is participating in COP28 to ensure that climate change efforts include to monitor the impact on jobs.

Maghreb farmers fight climate change with drones

The use of modern technologies in agriculture is globally on the rise, including in North Africa where countries rank among...
  • Tunisia is currently experiencing its eighth year of drought (four of which were consecutive) in recent years, according to its agriculture ministry.
  • Algeria, Morocco and Tunisia ban the use of unmanned drones without a permit, which in the case of commercial uses can take months to be issued.