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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.

EU stops import of products which causes deforestation

The European Union reached an agreement to ban the import of products including coffee, cocoa and soy in cases where...
  • The draft law, which aims to ensure "deforestation-free supply chains" for the 27-nation EU, was hailed by environmental groups as "groundbreaking".
  • The scope encompasses palm oil, cattle, soy, coffee, cocoa, timber and rubber as well as derived products such as beef, furniture and chocolate.

UAE, UK experts discuss science, tech help in net-zero agenda

ABU DHABI, UAE - Experts from UK and the UAE participated in a Sci-Tech Virtual Tour of the Emirates science...
  • The tour was launched to facilitate business-to-business introductions between stakeholders and investors.
  • During the virtual tour, delegates discussed decarbonization, affordability, supply of renewable energy.

EU head says bloc must act over US climate plan changes

EU chief Ursula von der Leyen said the bloc must act to address "distortions" created by Washington's $430-billion plan to...
  • EU countries have poured criticism on Washington's landmark Inflation Reduction Act, seeing it as anti-competitive and a threat to European jobs
  • The act, designed to accelerate the US transition to a low-carbon economy, contains around $370 billion in subsidies for green energy as well as tax cuts

US company turns air pollution into fuel, bottles and dresses

The concoction includes billions of hungry bacteria, specialized to feed on polluted air -- the first step in a recycling...
  • LanzaTech, which employs about 200 people, compares its carbon recycling technology to a brewery
  • To date, the company says it has kept 200,000 metric tons of carbon dioxide out of the atmosphere

‘Carbon credits need more supply, integrity to meet global demand’

RIYADH, SAUDI ARABIA - Carbon credits could make a significant contribution to achieving net zero by 2050, but only if...
  • Trade in voluntary carbon credits could grow 100-fold by 2050 if teething problems are addressed.
  • A carbon credit allows a country or organization to produce a certain amount of carbon emissions and it can be traded if the full allowance is not used.

Natural disaster losses hit US$115 bn this year, says Swiss Re

GENEVA, SWITZERLAND - Natural catastrophes have caused an estimated US$115 billion of insured losses in 2022 to date, driven by...
  • Swiss Re added that so-called secondary natural disasters such as floods and hailstorms caused more than $50 billion of insured losses.
  • Total insured losses topping $100 billion for a second consecutive year, said Swiss Re.

Financing for nature must more than double by 2025, says UN report

The world must increase financing for nature-based solutions to meet key climate, biodiversity and land degradation goals, a United Nations...
  • The UNEP report said that investments for nature-based solutions must increase to US$384 billion per year by 2025.
  • By 2030 finance flows of $484 billion a year will be required for nature-based solutions.

How film and TV can help the climate change battle

Analysing a database of 37,453 film and TV scripts from 2016 to 2020, researchers at the University of Southern California...
  • Scriptwriters have been keen to address climate change, Joyner said, but felt others would not be interested, or that they would be branded as hypocrites
  • The number of Americans viewing climate change as a major threat jumped from 37 to 55 percent between 2017 and 2021, despite right-wing denials

All regions experienced water extremes in 2021, says UN

GENEVA, SWITZERLAND - All regions of the world saw water extremes last year - both floods and droughts - and...
  • Large areas of the planet recorded drier than normal conditions in 2021, the UN's World Meteorological Organization said.
  • Some 3.6 billion people face inadequate access to freshwater at least one month per year.

UK start-up behind algae-based packaging bids for Earthshot glory

Notpla -- whose mantra is "we make packaging disappear" -- is competing with 14 other firms for five prestigious awards,...
  • Viral online interest has helped attract the attention of investors, with Notpla expanding rapidly to boast more than 60 employees
  • A recent OECD report found, at the current rate, worldwide plastic waste will triple by 2060 to one billion tones per year

COP hosts UAE, Azerbaijan, Brazil announce climate ‘troika’

The UAE hosted last year's COP28 conference in Dubai, while Azerbaijan will host this year's summit followed by Brazil in...

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UAE President announces $30bn Global Climate Fund at COP28 meet

In a groundbreaking announcement at the World Climate Action Summit during the UN Climate Change Conference (COP28), UAE President Sheikh...

COP28 puts spotlight on state oil giants

Western energy firms are the usual suspects when it comes to criticism about the sector's role in climate change, but...

COP28’s Green Zone: A central hub for climate-related activities

Dubai, UAE - The Green Zone at the COP28, overseen and managed by the conference presidency team, serves as a...

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Gulf leads the charge in green mobility revolution

In the heart of the GCC, a transformative shift towards 'Green Mobility' is underway, driven by a commitment to environmental...
  • In the heart of the GCC, a transformative shift towards 'Green Mobility' is underway, driven by a commitment to environmental sustainability and reducing carbon footprints.
  • This shift, led by nations like the UAE and companies like Aramex, is redefining the future of transportation, blending innovation, economic growth, and ecological stewardship.

Indian spiritual leader Sadhguru to kick off COP28 faith pavilion

Dubai, UAE – Indian spiritual leader Sadhguru will address the first-ever Faith Pavilion at COP28 on Friday December 1, kicking...
  • Head of the Isha Foundation and founder of the Save Soil movement will present his vision on the critical role of healthy, living soils in mitigating the impacts of climate change
  • Sadhguru has built up an international following, with over a billion views on YouTube and 11 million followers on Instagram, with his message of spirituality and climate action

Rising global temperatures in focus as COP28 kicks off in Dubai

Dubai, UAE--Rising sea levels, vanishing Arctic landscapes, fading coral reefs, acidic oceans, and raging forest fires are common occurrences today....
  • Climate change and the El Niño weather pattern, according to many scientists, are to blame for the recent record-breaking temperatures around the world
  • According to UN Secretary General António Guterres, people around the world experienced “hell" in countries such as Egypt, France, Greece, and India