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Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

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...
  • World Wide Generation's and e& join hands to combine innovative technology and global collaboration to address critical environmental, social, and economic challenges.
  • The G17Eco platform, powered by WWG, equips organizations to effectively access and utilize sustainability data, integrating solutions and finances for comprehensive reporting.

Innovative solutions crucial for marine conservation

The MENA Oceans Network, launched at the COP28, marks a pivotal step in addressing urgent ocean-related challenges in the region,...
  • The MENA Oceans Network, launched at the COP28, marks a pivotal step in addressing urgent ocean-related challenges in the region, says Tatiana Antonelli Abella of Goumbook.
  • This multi-stakeholder initiative, supported by the UN-UAE Office, aims to enhance marine conservation, promote a sustainable blue economy, and support SDG14 drive, she adds.

COP28 initiatives to narrow climate finance disparity

Antoine Samaha of BCG applauds the launch of a Loss and Damage Fund for developing countries, emphasizing the need for...
  • At COP28, a significant focus was placed on climate finance, with the establishment of a Loss and Damage Fund to aid developing countries.
  • Antoine Samaha of BCG underscores the urgency of securing more funds and ensuring its equitable distribution to combat climate change.

UAE, Turkey explore ways to enhance bilateral relations

Abu Dhabi, UAE - UAE President Sheikh Mohamed bin Zayed Al Nahyan discussed bilateral ties with Recep Tayyip Erdogan, President...
  • UAE President Al Nahyan and Turkish president Erdogan also exchanged views on various regional and international issues of mutual interest.
  • The two leaders emphasized the importance of an immediate ceasefire in the Gaza Strip, ensuring the protection of civilians .

Gulf expects no change in oil export despite deal at COP28

Dubai, UAE - An agreement to "transition away" from fossil fuels may be a landmark moment but don't expect quick changes...
  • The deal "doesn't impose anything" on oil-producing countries and allows them to cut emissions "according to their means and their interests", Saudi minister said.
  • The United Arab Emirates' official WAM news agency called it a "win-win for all", describing COP28 as a "watershed moment in the fight against climate change".

‘Nuclear solutions remain key to sustainable future’

“In the context of energy transition, flexibility is gaining more traction in the energy markets. This is exactly what small...
  • Kirill Komarov of Rosatom underscores the importance of nuclear power in combating climate change.
  • SMRs have become crucial for decarbonizing remote areas reliant on carbon-intensive diesel generators.

Tunisian villages grapple with severe water scarcity

Ouled Omar, Tunisia - Tunisian villager Ounissa Mazhoud ties two empty jerry cans to a donkey and cautiously descends a stony...
  • The World Bank predicts that by 2030 the Middle East and North Africa region will fall below the "absolute water scarcity" threshold of 500 cubic meters yearly per person.
  • Tunisia, already the 33rd most water-stressed country according to the World Resources Institute, has dropped to 450 cubic meters per inhabitant

World Bank to expand climate funding in MENA by $10 billion

Brhane said the World Bank integrated climate into all its work across the MENA region and is on track to...
  • The funding supports both reducing net emissions and resilience projects, said Meskerem Brhane, the bank's Regional Director for Sustainable Development, MENA.
  • She added that by embracing green growth strategies, the region's GDP could potentially grow to over $13 trillion by 2050.

World unites at COP28 to shift away from fossil fuels

Nearly 200 nations in Dubai have collectively endorsed an agreement to move away from fossil fuels, marking a significant step...
  • Nearly 200 countries in Dubai have collectively endorsed an agreement to move away from fossil fuels, marking a significant step in addressing climate change.
  • EU climate chief Wopke Hoekstra lauds the historic deal targeting a 43% reduction in emissions by 2030 as a significant breakthrough after decades of discussions.

Digitalization has high environmental costs, says UNCTAD meet

DUBAI, UAE - With global attention on the COP28 climate summit, UNCTAD’s eWeek 2023 highlighted digitalization’s potential to accelerate climate...
  • Data-driven technologies like the Internet of Things, robotics and artificial intelligence can enhance climate change monitoring.
  • The digital transformation has left its mark on the planet through raw material depletion, energy and water use, pollution and waste.

‘Moment of truth’ for world-first plastic pollution treaty

Bangkok, Thailand - Plastic pollution litters our seas, our air and even our bodies, but negotiators face an uphill battle next...

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World resource extraction could surge 60 percent by 2060, UN warns

Paris, France - Extraction of Earth's natural resources could surge 60 percent by 2060, imperiling climate goals and economic prosperity, the...

WEF24: Catalyzing investment, trade transform Africa

Addressing infrastructure and climate change is crucial for Africa's development, British Robinson, the Coordinator of the Prosper Africa Initiative, tell...

Wind-powered Dutch chemical tanker sets sail for greener future

Rotterdam, Netherlands - The world's first chemical tanker ship fitted with massive rigid aluminium "sails" has left Rotterdam, its owner hoping...

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Big firms with $7trn exit climate investment pressure group

Launched in 2017, Climate Action 100+ aims to work with companies to halve their greenhouse gas emissions by 2030, through...
  • JPMorgan Asset Management, which manages $3.1 trillion in assets, has not renewed its membership in Climate Action 100+
  • BlackRock, the world's biggest asset manager, is also scaling back its work with the group, a spokesperson confirmed

UN chief slams ‘distressing’ spending on arms over climate

Without action, "the situation will deteriorate," he warned. "Conflicts are multiplying. The climate crisis is set to spiral, as emissions...
  • "It is distressing to see governments spending heavily on arms, while starving budgets for food security, climate action, and broader sustainable development," Guterres said
  • "We can break the deadly nexus of hunger, climate chaos, and conflict. And quell the threat they pose to international peace and security," Guterres added further

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...
  • The UAE, Brazil and Azerbaijan were mandated by 198 signatories to the Dubai agreement to work together on a roadmap to limit global warming to 1.5 C
  • The 1.5-degree Celsius limit will probably be reached between 2030 and 2035, according to the Intergovernmental Panel on Climate Change (IPCC)