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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.

‘Unit 3 of Barakah Plant linked to UAE’s transmission grid’

The Emirates Nuclear Energy Corporation (ENEC) announced that Unit 3 of the Barakah Nuclear Energy Plant has successfully been connected...
  • Unit 3 will add another 1,400 megawatts of zero-carbon emission electricity capacity to the national grid.
  • The nuclear sector is a vital part of the UAE’s clean energy system of multiple low-carbon technologies.

Deal reached for civil aviation to try for net-zero emissions by 2050

The assembly, which brought together representatives from 193 nations at the International Civil Aviation Organization (ICAO) headquarters in Montreal, reached...
  • The agreement, however, was far from satisfying for some NGOs expressing regret it didn't go far enough and was not legally binding
  • The air transportation industry has faced growing pressure to deal with its outsized role in the climate crisis

Egypt replants mangrove to fight climate change

Sayed Khalifa, the head of Egypt's agriculture syndicate, calls the unique plants a "treasure" because of their ability to grow...
  • After decades of destruction in Egypt that saw the mangroves cleared, all that remained were fragmented patches totaling some 500 hectares
  • The stands of trees help filter out water pollution and act as a natural barrier against rising seas and extreme weather, shielding coastal communities from destructive storms

Month before COP27, host Egypt faces heat over rights, climate action

Cairo voiced disappointment that King Charles III, a long-time champion of the environment, cancelled a plan to attend and speak...
  • Egypt will from November 6 host the 27th Conference of the Parties to the UN Framework Convention on Climate Change, in the Red Sea resort town of Sharm el-Sheikh
  • Critics have questioned the choice of venue, pointing to Egypt's mixed record on the environment and on civil rights, with thousands of dissidents in jail

Climate change made 2022 drought ‘at least 20 times likelier’

Producers in Europe and China have warned of significantly lower than expected harvests in crop staples due to the dry...
  • The three months from June-August were the hottest in Europe since records began
  • The exceptionally high temperatures led to the worst drought the continent has witnessed since the Middle Ages

As Iraq concrete jungle swelters, ancient stone houses stay cool

Tracing its roots back 2,700 years, the picturesque Kurdish town of Akre says it is better adapted to the modern-day...
  • Akre, a city of 100,000 residents about 500 kilometres north of Baghdad, believes sticking with the old ways will help it adapt
  • Since 1991, when Kurdistan gained de facto autonomy from Iraq, it has declared concrete off limits for construction and renovation in the old city of Akre

Rubbish reform: changes to waste management could slash emissions

Governments around the world have pledged to reduce emissions of methane (CH4) - which absorbs 80 times more solar radiation...
  • A new report by the GAIA found that simple tweaks in the waste sector could slash carbon emissions by the equivalent of the annual emissions of 300 million cars
  • The researchers modelled potential emissions reductions from eight cities around the world and found that, on average, they could cut waste sector emissions by almost 84 percent

UAE takes part in G20 Finance Track in Indonesia

UAE's Ministry of Finance (MoF) participated in the third Framework Working Group (FWG) meeting within the G20 Finance Track for...
  • The meeting was held in Indonesia and sought to discuss key global economic issues.
  • G20 members, invited non-G20 member countries, representatives of the World Bank, IMF, and OECD also attended the meeting.

Moroccan nomads’ way of life threatened by climate change

Rainfall in Morocco is set to decline by 11 percent and average temperatures are set to rise by 1.3 percent...
  • Rainfall in Morocco is set to decline by 11 percent and average temperatures are set to rise by 1.3 percent by 2050, according to forecasts from the Ministry of Agriculture
  • Severe water shortages have even pushed some nomads to take the rare step of taking out loans to feed their livestock, their most vital asset

Two-day inaugural RAK Energy Summit to begin on Oct 4

The inaugural RAK Energy Summit, to be held on October 4-5, will feature experts from the energy sector in the...
  • The summit will feature experts from the energy sector in the UAE and globally.
  • The experts will discuss the challenges the world faces as it moves to cut carbon emissions.

Sustainable mobility rises as GCC turns to hydrogen

MENA countries, adopting ambitious clean energy and transportation strategies, aim for significant hydrogen production by 2050, led by UAE's National...

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Oman revives CO2-busting mangroves as climate threat lurks

Oman, a minor oil producer compared with its neighbours the United Arab Emirates and Saudi Arabia, is moving quickly in...

COP28 wide open to private sector, says climate talks chief

ABU DHABI, UAE -  Upcoming UN climate talks in Dubai will be open to the private sector on an unprecedented scale,...

1.5C goal on the line as countries gear up for key climate talks

Paris, France -- Facing record-shattering temperatures and a geopolitical tinderbox, countries are scrambling to lay the groundwork for crucial UN climate...

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COP28 summit targets 68% cooling emissions cut by 2050

"Without policy intervention, direct and indirect emissions from air conditioning and refrigeration are projected to rise 90 percent above 2017...
  • Cooling methods currently account for over seven percent of global greenhouse gas emissions, according to the United Nations
  • The UN has said there are already an estimated 3.6 billion cooling appliances being used globally, but that figure is expected to soar

QFZ, Samsung C&T ink MoU

The two will collaborate in green, sustainable technologies.
  • Both the parties will work together to achieve sustainability objectives within the free zones in Qatar through energy transition.
  • QFZ, Samsung C&T will also explore co-investment opportunities in green infrastructure within the free zones.

‘Too hot outside’: Saudis take to walking, jogging in malls

Roughly one in five Saudi adults is obese, according to an in-depth study published by the World Bank last year...
  • Roughly one in five Saudi adults is obese, according to an in-depth study published by the World Bank last year that described the issue as "alarming"
  • To help bring that percentage down, the Saudi Sports for All Federation now organizes races such as the Riyadh Marathon, which this year drew thousands of runners