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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.

MoCCAE highlights role of UAE Climate Change Research Network

SHARM EL SHEIKH, EGYPT - The Ministry of Climate Change and Environment (MoCCAE) organized an awareness session on the UAE...
  • The network aims to support collaborative research programs by creating a platform for engaging the academic and scientific community.
  • Drawing the participation of 100 attendees, the event explored several key topics, including promoting science and policy engagement for climate action.

UAE University’s agriculture college launches campaign to cut food waste

AL AIN, UAE - The College of Agriculture and Veterinary Medicine at the United Arab Emirates University launched an awareness...
  • The program is targeting schools and universities to educate students about the need to reduce food waste.
  • The studies conducted in the food court showed that over 50 kilograms of foods is wasted daily during breakfast and lunch.

Air pollution killed 238,000 Europeans prematurely in 2020: EEA

Across the 27-nation bloc that year, "exposure to concentrations of fine particulate matter above the 2021 World Health Organization guideline...
  • Fine particulate matter, or PM2.5 travel deep into the respiratory tract, worsening the risk of bronchitis, asthma and lung disease
  • The EU wants to slash premature deaths related to fine particulate matter pollution by 55 percent in 2030 compared to 2005 levels

At least 35 hurt after magnitude-6.1 quake in Turkey

National authorities said the quake was at a magnitude of 5.9 -- lower than the 6.1 given by the US...
  • The shallow tremor struck about 170 kilometres (105 miles) east of Istanbul, the country's largest city, where it was strongly felt
  • Experts have long warned a large quake could devastate Istanbul, which has allowed widespread building without safety precautions

Search for buried survivors after Indonesia quake kills 162

The epicenter of the shallow 5.6-magnitude quake on Monday was near the town of Cianjur in Indonesia's most populous province...
  • Indonesia's national disaster mitigation agency, or BNPB, said at least 25 people were still buried under the rubble in Cianjur as darkness fell on Monday
  • The devastation caused by the quake was made worse by a wave of 62 smaller aftershocks -- with magnitudes ranging from 1.8 to 4 -- that kept shaking Cianjur

COP27 agrees to fund climate damages, no progress on emission cuts

A final COP27 statement covering the broad efforts to grapple with a warming planet held the line on the aspirational...
  • Tired delegates applauded when the fund was adopted as the sun came up Sunday following two extra days of negotiations
  • UN chief Antonio Guterres said the talks had "taken an important step towards justice" with the loss and damage fund

Swiss regret COP27 going soft on top polluters

GENEVA, SWITZERLAND - Switzerland regretted Sunday that the COP27 climate summit outcome does not impose obligations on the highest greenhouse...
  • There was disappointment in some quarters over COP27's stand on cutting emissions.
  • There were concerns that no resolutions were passed on phasing out coal and reducing subsidies for oil and gas

Climate damages are key flashpoint as UN COP talks go overtime

Sharm el Sheikh, Egypt—Climate negotiators were grappling for an agreement Saturday at the UN COP27 in Egypt after high stakes talks went...
  • Wealthy nations, long reluctant to discuss the issue over fears of liability, have accepted that vulnerable nations are facing devastating impacts
  • Delegates are looking to find agreement on emissions-cutting ambitions and reaffirm a goal to limit average warming to 1.5 degrees Celsius from pre-industrial levels

Greenpeace, Arab climate activists slam regional efforts at COP27

The 21-country Arab group at the COP27 climate conference in Egypt "has spent most of its energy spearheading efforts to...
  • Greenpeace's Ahmed El Droubi noted that the Arab group's current fossil fuel safeguarding strategy does not reflect the vulnerability of the region
  • The Middle East is at high risk of water and food scarcity as well as severe heat waves as a result of climate change

UN climate talks go into overtime to break deadlock over funding

Representatives from nearly 200 countries have gathered at the COP27 in Egypt for two weeks with the aim of driving...
  • But wealthy and developing nations were still struggling to find common ground on creating the fund and on a host of other crucial issues with only hours before the summit.
  • For many developing countries the defining issues at the conference is money for the "loss and damage" caused by climate change.

Energy companies to test CO2 capture in Brazil undersea oil field

PARIS, FRANCE  - A consortium of Brazilian, British, French and Chinese energy firms will test new technology aimed at capturing CO2...

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Climate crises drove 27 million children into hunger in 2022, says charity

Out of the 12, countries in the Horn of Africa were most affected, with Ethiopia and Somalia accounting for about...

Climate change already reducing global GDP: report

Low- and middle-income countries have experienced a combined loss in capital and GDP totaling $21 trillion, about half of the...

COP28 host UAE braces for rising heat risk, targets carbon neutrality

As global temperatures tick higher, with this year on course to be the hottest on record, the UAE is changing...

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ADB plans to invest US$100bn to maximize climate impact

MANILA, PHILIPPINES - Setting the scene for a low-carbon and climate-resilient Asia and the Pacific, the Asian Development Bank (ADB)...
  • By 2030, more than 55 percent of the population of Asia and the Pacific will live in urban areas, driving up demand for urban-related services.
  • If urban areas continue along the same growth trajectory, Asian cities could contribute over half of the rise in global GHG emissions in the next 20 years.

Rising temperatures worry MENA region

The Middle East and North Africa (MENA) region faces severe climate change challenges, including water scarcity and extreme temperatures, with...
  • With diverse strategies from GCC to non-GCC nations, the battle against climate change underscores a delicate balance between economic growth and environmental sustainability.
  • In the MENA region, resource-rich GCC countries are better equipped to tackle climate change challenges that threaten food security, water resources, and biodiversity.

UAE company secures African land the size of the UK for carbon offset projects: report

Dubai, UAE - Blue Carbon, a Dubai-based company has secured expansive forested land across several African nations, a CNN report...
  • The area is earmarked for conservation projects aimed at safeguarding forests and preventing significant amounts of carbon dioxide from entering the atmosphere
  • Forest conservation agreements involving Zimbabwe, Zambia, Kenya, Liberia, and Tanzania were announced in the months leading up to the COP28 climate summit