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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.

UN chief says stop ‘blame game’ at deadlocked climate talks

Developing nations least responsible for global emissions are pushing rich polluters to agree at COP27 on the creation of a...
  • Guterres said there was "clearly a breakdown in trust" between developed and emerging economies
  • The deadlock on loss and damage is holding up agreement on a broad range of issues that nations are hoping to address at COP27

EU pledges US$1bn in climate funding for Africa

The initiative, launched at UN climate talks along with France, Germany, the Netherlands and Denmark, will combine "existing and new"...
  • The funding also includes an EU pledge of $60 million for climate "loss and damage" already being suffered, a contentious issue at the negotiations in Egypt
  • It will cover the collection of climate risk data, boosting early warning systems, disaster risk finance and insurance, as well as helping to attract private finance

COP27 climate talks inch toward ‘loss and damage’ showdown

The G77+China block of more than 130 developing nations called in a position paper for a special fund "for assisting...
  • The need for such "loss and damage" financing, which has emerged as a make-or-break issue at COP27, is urgent, the largest negotiating bloc at the talks said
  • US and the EU have suggested that expanding current channels for climate finance might be a more efficient approach than creating a new one

Climate leaders call for ‘Paris agreement’ for nature

Dozens of countries will meet next month to try and hammer out a new biodiversity framework to protect animals and...
  • Enshrined in the Paris Agreement is the goal to limit global warming to well below two degrees Celsius from pre-industrial levels
  • Scientists say this is a minimum if humanity is to avoid devastating and potentially irreversible tipping points.

UN probes allegations of Egypt ‘surveillance’ at COP27

SHARM EL SHEIKH, EGYPT - United Nations officers running security at the COP27 climate summit in Egypt said Monday they...
  • Participants at COP27 - including activists, rights defenders, and civil society groups - have raised cases of "surveillance" during the summit.
  • A German diplomatic source said a complaint was lodged with Egypt as the delegation "felt we were being watched."

Climate activists at COP27 decry West’s desire for gas in Africa

European countries have been scrambling for alternative sources of gas after the continent's former top supplier, Russia, slashed exports in...
  • Climate Action Tracker called the global dash for gas a "serious threat" to the Paris Agreement goals -- of keeping global warming well below two degrees Celsius
  • A report said that Western investment in fossil fuels will eventually evaporate, encouraging African countries instead to seize on the potential offered by solar power

Addressing climate change global responsibility

"Today's world is witnessing a scientific and technical boom, which is the fastest and most advanced through all the stages...
  • Parliaments play a key role in enacting, legislating, or amending laws related to investment and the national transition to renewable energy sources
  • Facing the phenomenon of climate change is no longer confined to one country over another, but is a duty and shared responsibility that the entire world

Sustainable food cold chains reduce waste, fight climate change, says UN report

Greater investment in sustainable food cold chains is needed to reduce hunger, provide livelihoods to communities and adapt to climate...
  • These systems are critical to maintaining the quality, nutritional value and safety of food.
  • An estimated 14 percent of all food produced for human consumption is lost before it even reaches consumers.

COP27 focuses on ways and means to feed 8 billion people

The adaptation and agriculture thematic day at COP27 focused on how the world will feed eight billion people.
  • A series of sessions and initiatives shed light on pathways forward on adaptation and climate resilient agriculture.
  • The focus comes at a particularly challenging year for food security.

Hundreds join march of hunger striker’s sister at COP27

Demonstrations at COP27 must be approved by organizing authorities and should take place only in a special zone, activists behind...
  • Seven months into a hunger strike, Abdel Fattah began refusing water last Sunday, as world leaders arrived in Egypt for Climate Summit
  • A few world leaders have raised Abdel Fattah's case with Egyptian President Abdel Fattah al-Sisi in bilateral meetings during the climate talks

Makkah region sees 600% surge in green spaces within 5 months

Jeddah, Saudi Arabia - There has been a 600% increase in green spaces in Makkah region from August to December...

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Every industry should be held accountable on climate, says COP28 president

Paris, France - The president of a pivotal UN climate summit defended on Saturday the large presence of industry representatives at...

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)...

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...

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MENA’s $2trn construction boom boosts sustainability

With innovative technologies and a focus on reducing emissions, this transformation could position the region as a global leader in...
  • With innovative technologies and a focus on reducing emissions, this transformation could position the region as a global leader in sustainable urban development.
  • The region sees a unique chance to pioneer sustainable technologies, potentially reducing lifecycle emissions by 50-60%, highlights Strategy& Middle East and Dar.

Fishing nations pledge to protect sharks, rays

CAIRO, EGYPT -  Atlantic fishing nations have agreed to better protect sharks and rays by limiting the retention of several bycatch...
  • Sharks and rays are facing what conservationists have called an extinction crisis, with nearly two thirds of coral reef species at risk.
  • Sharks and rays must be better protected by governments and fisheries said an advocacy coalition advancing conservation policies.

COP28 turns attention to potent methane emissions

Methane -- which is potent but relatively short-lived -- is a key target for countries wanting to slash emissions quickly...
  • Methane is the second largest contributor to climate change, accounting for around 16 percent of the warming effect
  • It remains in the atmosphere for only about 10 years, but has a much more powerful warming impact than CO2