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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 talks on climate solutions wrap up two days into overtime

Two-weeks of virtual talks were contentious from the start, as nearly 200 nations grapple with hard choices about how to...
  • Two-weeks of virtual talks were contentious from the start, as nearly 200 nations grapple with hard choices about how to rapidly purge carbon pollution from their economies.
  • The UN's Intergovernmental Panel on Climate Change (IPCC), due to be published on Monday, will detail how industries must be reimagined to cut greenhouse gas emissions

Scientists’ network plans civil disobedience to highlight climate crisis

The world has seen a crescendo of deadly extreme weather amplified by rising temperatures -- heatwaves, wildfires, flooding, storms.
  • Their non-violent actions are timed to the release Monday of a landmark report from the UN's climate science advisory panel.
  • Scientist Rebellion targets universities, research institutes and major scientific journals, prodding them and their staff to speak out.

Gulf countries warm up to waste-to-fuel plans

Here’s a broader look at how the region has prioritized solid-waste recycling and the production of alternative fuels to deal...
  • Solid waste management is one of the most critical challenges facing all GCC countries
  • Construction waste accounts for 53% of the total solid waste generated in the Gulf countries

Political will, pandemic weigh on two weeks of talks to save nature

The world is facing catastrophic declines in animals and plants that pose a twin threat to life on Earth with...
  • The talks in Geneva produced a draft biodiversity framework for living "in harmony with nature" by mid-century.
  • The delegates representing nearly 200 nations -- although not the United States -- agreed to hold new negotiations in Nairobi in June.

World Meteorology Organization hails Saudi center for saving lives

WMO noted that extreme weather, water and climate phenomena have become more frequent and more severe in many parts of...
  • WMO also highlighted the Middle East Green Initiative launched by the Crown Prince.
  • The Kingdom’s celebration of World Meteorological Day was held under the slogan “Early Warning and Early Action” on Sunday in Jeddah.

Qatar signs Global Methane Pledge, to lower emissions by 30 percent

Rapidly reducing methane emissions is the most effective strategy to limit global warming in the near term and keep 1.5...
  • A total of 111 country endorsements have now signed the Global Methane Pledge.
  • The signatories represent 70 percent of the global economy and nearly half of global anthropogenic methane emissions.

Canada torn between economy, climate in deciding oil project

Environment Minister Steven Guilbeault will soon face his first major test in deciding on a new offshore oil project.
  • Norwegian firm Equinor is seeking to develop oil discoveries in the Flemish Pass Basin, generating $2.8 billion in royalties
  • However, exploiting an estimated 300 million barrels of oil over 30 years would set back efforts to curb climate change

Tropical forests cool earth’s temperature by a degree, says research

Tropical forests cool the world by more than 1 degree Celsius, increase rainfall, and shield people and crops from deadly...
  • A study shows that the climate benefits of trees go beyond sucking planet-warming carbon dioxide out of the air.
  • Cutting down forests puts at risk the Paris climate accord's goal of capping the rise in global average temperatures at "well below" 2 degrees Celsius.

UN agency to spearhead early warning plan covering every person on earth

“Early warnings and action save lives,” UN Secretary-General António Guterres said in a video message during a ceremony marking the...
  • The agency will lead the effort and present an action plan in November at this year’s UN climate conference (COP 27) in Egypt.
  • The new plan seeks to build on existing WMO activities and partnerships, including with key agencies, countries and groups already active in the field.

Rainless Morocco struggles with water supply shortage

As Morocco withers under its worst drought in 40 years, experts warn that a combination of climate change and bad...
  • "The country hasn't seen a situation like this since the start of the 1980s," said water policy expert Abderrahim Hendouf
  • Two major cities, tourist hub Marrakesh and Oujda in the east, already started tapping into groundwater reserves in December to ensure adequate supplies

‘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...

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Climate action an opportunity to create more equitable world: Almheiri

Dubai, UAE-- Terming climate action as an opportunity to create a more equitable and sustainable world, Mariam bint Mohammed Almheiri,...

Three firefighters die in Turkey helicopter crash

ISTANBUL, TURKEY - Turkish divers searched on Sunday for the bodies of three firefighters who died when their helicopter crashed into...

California sues oil giants, alleges environment, climate-risks deception

The US state of California sued five of the world's largest oil companies, alleging the firms caused billions of dollars...

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UAE to meld climate change talks with interfaith harmony at COP28

Abu Dhabi, UAE - The UAE Ministry of Tolerance and Coexistence and the COP28 Presidency have signed a Memorandum of...
  • The UAE Ministry of Tolerance and Coexistence will assist in organizing and overseeing the Faith Pavilion at COP28
  • The platform aims to enhance global religious engagement to bolster climate action and address the climate crisis

Emirates NBD Group invests in sustainability startup Erguvan

Dubai, UAE - Emirates NBD made an investment in Erguvan, a climate and financial technology venture aimed at providing financial...
  • The investment was made via Deniz Ventures, an investment fund launched by DenizBank A.S., Türkiye, under the umbrella of Emirates NBD Innovation Fund
  • The Group-wide fund was created to enable investments in FinTech, SustainTech and Tech companies and start-ups across Emirates NBD’s key markets

Drought, fires threaten Lebanon’s northern forests

In the wake of a blistering and dry summer, residents of the mountainous Akkar region near the Syrian border are...
  • A government official blamed the water shortages on both a lack of rain and rising demand
  • Lebanon "doesn't have the logistical capabilities to deal with a huge fire," said Taleb, a resident