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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.

More than 100 killed in Afghanistan earthquake

Afghanistan is frequently hit by earthquakes especially in the Hindu Kush mountain range, which lies near the junction of the...
  • In Paktika province of Afghanistan, local markets are closed as people have rushed to help earthquake affected areas
  • Photographs and video clips posted on social media showed badly damaged mud houses due to the 5.9 magnitude quack that struck Afghanistan last night

UAE joins global clean energy partnership body

The partnership will enable access to a global hydrogen knowledge database and encourage cooperation with related initiatives and concerned entities.
  • Joining the global initiative will support the UAE's long-term policies related to energy and hydrogen
  • It will boost the UAE's stature as a leading contributor to the development of international policies related to hydrogen

Sheikh Hamdan lauds success of Barakah Nuclear Plant

The UAE is continuing its move towards environmentally friendly energy sources to fulfill its international obligations regarding climate change and...
  • The UAE is continuing its move towards environmentally friendly energy sources to fulfill its international obligations regarding climate change
  • The country will achieve the objectives to diversify energy sources and its ambitious strategic initiative for climate neutrality by 2050

‘US$50bn investment a milestone in UAE’s climate action efforts’

The announcement by the President to invest an additional US$50 billion for climate change is a milestone in UAE'S efforts...
  • The announcement by the President to invest an additional US$50 billion for climate change is a milestone in UAE'S efforts
  • The amount will be utilized to scale up climate action efforts through the deployment of clean energy solutions in UAE and abroad

Germany, UAE can jointly invest in ‘new economy’, says top diplomat

Germany and the UAE as strong economic partners will continue trade but they can make joint investments in the 'new...
  • Germany and the UAE as strong economic partners will continue with their trade in the traditional economy
  • Both the countries can make joint investments in the 'new economy' that will help achieve their net-zero targets

European Union spent $305 billion on environmental issues in 2021

The European Union's expenditure in 2021 on environmental protection, investments and consumption amounted to €292 billion ($305.4 bn), said Eurostat,...
  • The expenditure has risen by over 3 percent on average each year, with a total increase of 54 percent since 2006.
  • The expenditure on environmental protection remained stable over the last 15 years at about 2 percent of GDP.

Another sandstorm brings Iraq to a halt as airports shut

President Barham Saleh warned that tackling climate change "must become a national priority for Iraq as it is an existential...
  • It was the tenth duststorm since mid-April to hit Iraq, which has been battered by intense droughts and soil degradation.
  • Officials at Baghdad airport announced the temporary suspension of flights for a few hours before they were restarted.

TotalEnergies warns consumers to ‘turn down heating’ to ease crisis

TotalEnergies chief Patrick Pouyanne hailed a deal to expand production in the world's biggest natural gas field in Qatar but...
  • The deal for a 6.25-percent stake in the North Field East project was announced Sunday barely two months after TotalEnergies said it would pump no more money into Russia
  • According to the chief of Totalenergies, the new natural gas complex is part of a "success story" with Qatar which will be ready at the end of 2025 or early 2026

Sustainability meets affordability at smart UAE homes

With proliferation of smart home technology and advanced Wi-Fi connectivity, a smart home is achievable to anyone, says Sharjah Sustainable...
  • With proliferation of smart home technology and advanced Wi-Fi connectivity, a smart home is achievable to anyone, says Sharjah Sustainable City CEO Yousif Ahmed Al-Mutawa
  • The UAE is proactively embracing digital technologies to promote sustainability and ensure that GCC remains well-positioned to evolve into a power-packed digital economy

UAE adopting membrane technology to desalinate water

In 2021, the UAE launched a strategic initiative to become carbon-neutral by 2050.
  • In 2021, the UAE launched a strategic initiative to become carbon-neutral by 2050
  • In 2018, the country put into action the National Water Security Strategy 2036

New platform to revolutionize global sustainability

World Wide Generation's and e& join hands to combine innovative technology and global collaboration to address critical environmental, social, and...

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ADNOC, Fertiglobe to pilot cost-effective modular carbon capture technology

ABU DHABI, UAE – ADNOC and Fertiglobe on Tuesday announced the pilot deployment of the world’s first cost-effective modular CycloneCC...

Countries pledge to raise $12 billion to help coral

The pledge comes with coral around the world under particularly acute stress because of record warm seas this year.

Oil industry is an integral part of climate solutions, says COP28 head

President of the upcoming COP28 climate talks Sultan Al Jaber, also the head of UAE state-owned oil firm ADNOC, told...

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IMF approves $1.3bn for Morocco to help transition to a greener economy  

WASHINGTON, US - The International Monetary Fund (IMF) Executive Board approved a Resilience and Sustainability Facility (RSF) for Morocco of...
  • The arrangement will help Morocco strengthen its preparedness and resilience against natural disasters, including from climate change.
  • The 18-months arrangement, "Will help Morocco address climate vulnerabilities, bolster its resilience against climate change,” the IMF said.

Europe should move faster on energy transition, say IEA, ECB

PARIS, FRANCE - Europe must invest more quickly and massively in its energy transition if it wants to remain a global...
  • Europe must invest more quickly in its energy transition if it wants to remain a global industrial power, top policymakers said.
  • Private sector investment faces barriers including policy uncertainty, bureaucratic red tape and higher energy costs, they said.

Politicians fail to understand scientific facts of climate, says expert

PARIS, FRANCE - Wavering ambition by governments and a growing belief that science is politically subjective are great causes for concern...
  • Several extreme weather events have occurred in 2023, which the European Union's climate monitor says is likely to be the hottest in human history.
  • These underscores the urgency of slashing planet-heating greenhouse gas emissions to avert the catastrophic impacts of greater global warming.