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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.

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

Paris Peace Forum: Queen Rania calls for paradigm shift in response to global crises

The Queen explained that the global refugee crisis has reached "epic proportions" with the number of displaced people around the...
  • The Queen explained that the global refugee crisis has reached "epic proportions" with the number of displaced people around the world now exceeding 100 million
  • Launched in 2018, the Paris Peace Forum convenes yearly with the aim of contributing to bridging the governance gap by bringing together multiple stakeholders

Technological innovations drive climate action across GCC, say UAE, Saudi leaders at COP27

The Kingdom has moved from ambition to action during the past two years to empower people, protect the planet and...
  • The Kingdom has moved from ambition to action during the past two years to empower people, protect the planet and shape new horizons, says Saudi minister
  • The COP27 in Egypt, COP28 in the UAE next year and the Saudi Green Initiative are all opportunities that we can move forward, says UAE minister Mariam Almheiri

UAE ministry launches Green Business Toolkit 2.0 at COP27

The Ministry of Climate Change and Environment (MOCCAE) introduced the second edition of the UAE Green Business Toolkit in partnership...
  • The move aligns with the UAE’s pathway to net-zero and supports sustainable economic development.
  • The UAE Green Business Toolkit 2.0 seeks to benefit from the business sector's increasing awareness about the importance of achieving net-zero.

UAE launches National Net Zero by 2050 Pathway

The pathway, unveiled at COP27, sets the timeframe and identifies the mechanisms of implementing the UAE Net Zero by 2050...
  • The pathway, unveiled at COP27, sets the timeframe and identifies the mechanisms of implementing the UAE Net Zero by 2050 Strategic Initiative, introduced in October 2021
  • The UAE will adopt several measures to mitigate climate change such as increasing the share of clean energy in its energy mix and scaling up the use of clean electricity

Biden urges world to ‘step up’ climate fight at COP27

His speech came at the halfway point of a two-week COP27 conference in Egypt where rich polluters like the US...
  • Biden touted the passage of a massive, $369 billion spending package to green the US economy
  • He said the United States "will meet" its goal of cutting emissions 50-52 percent below 2005 levels by 2030

UN unveils satellite-based system to detect methane emissions

The Methane Alert and Response System (MARS) was announced by the UN Environment Programme during the COP27 summit. Methane, emitted...
  • MARS will use data from global mapping satellites to detect methane "hot spots" and large plumes of the gas, and identify its source, the UN Environment Programme said.
  • UNEP would then notify governments and companies about the emissions "so that the responsible entity can take appropriate action."

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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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....

COP28: Halting global warming, financial aid for vulnerable nations on agenda

Dubai, UAE - The world is turning its attention to Dubai where COP28 gathers some of the world’s top leaders...

COP28 faces challenge of phasing out fossil fuels amid policy discrepancies

With nations' actions falling far short of the Paris Agreement's most ambitious target of limiting global warming to 1.5 degrees...

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FAB becomes first MENA bank to publish TCFD climate report

Abu Dhabi, UAE -- First Abu Dhabi Bank (FAB) became the first MENA bank to publish a Task Force for...
  • The TCFD standard, promoted by the Financial Stability Board since 2015, urges entities to specify the resilience of their strategies to climate-related risks.
  • The report delivers on FAB’s 2019 commitment to agree to adopt TCFD recommendations into its reporting and disclosure processes.

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...
  • The figure represented a sharp 135 percent increase over 2021, the UK-based charity said in an analysis ahead of the COP28 climate summit opening in Dubai
  • It said children made up nearly half the 57 million people pushed into crisis levels of acute food insecurity or worse across 12 countries because of extreme weather in 2022

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...
  • The report estimated that impacts from human-caused climate change cut 6.3 percent from global economic output last year, when weighted across populations
  • "The world is trillions of dollars poorer because of climate change and most of that burden has fallen on poor countries," said lead author James Rising