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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.

Last nine years all among 10 hottest-ever: US agency

The nine years spanning 2013-2021 all rank among the 10 hottest on record, according to an annual report by the...
  • A separate analysis of global temperature released by NASA had 2021 tying with 2018 as the sixth-warmest on record
  • Last year also saw nearly 700 people die in the contiguous United States due to extreme weather events, such as Hurricane Ida

Covid and its effects continue to pose threat to world: WEF risks report

The Global Risks Report 2022 released by the World Economic Forum said vaccine inequality and a resultant uneven economic recovery...
  • In the poorest 52 countries—home to 20 percent of the world’s people—only 6 percent of the population had been vaccinated so far.
  • By 2024, developing economies (excluding China) will have fallen 5.5 percent below their pre-pandemic expected GDP growth,

European Union says last seven years warmest on record globally

The last seven years have been the hottest on record globally "by a clear margin", the European Union's climate monitoring...
  • In its latest annual assessment, the Copernicus Climate Change Service (C3S) confirmed that 2021 had joined the unbroken warm streak since 2015.
  • The annual average temperature was 1.1 to 1.2 degrees Celsius above pre-industrial levels, measured between 1850 and 1900, C3S said.

Most countries may soon see annual heat extremes every two years

The researchers found that 92 percent of 165 countries studied will experience extremely hot annual temperatures every two years.
  • Current plans would see emissions increase 13.7 percent by 2030, according to the United Nations climate change body UNFCCC
  • Ideally, when they should fall by roughly half to keep the Paris Agreement warming limit of 1.5C within reach

Endangered big cat trapped in northern Iraq

The leopard which was given anesthetic before it was captured, is believed that fewer than 1,000 exist in the wild,...
  • Before being captured, the big cat sustained a wound to its back leg when it was caught in a trap
  • Villagers near the town of Zakho lost around 20 sheep before realizing a leopard was attacking their flocks

Jordan to disburse $1.4m to drought-affected farmers

Jordan will distribute JD1 million to compensate those suffered losses due to the Al Waleh Dam draught and cross-border fires...
  • Jordan's cabinet had approved the disbursement of JD1 million in compensation from the Agricultural Risk Fund
  • Jordan as tasked specialized committees to limit the damages in the northern Jordan Valley and the Al-Wala Dam

Climate change 2021: There’s no turning back now

Dedicated experts at COP26 hailed solid even historic advances in beating back the existential threat of global warming.
  • Activist Greta Thunberg dismissed the two-week Glasgow summit as a 'greenwashing festival'
  • Gauging the efficacy of measures announced at the COP26 summit largely depends on the yard

Top 10 weather disasters cost $20bn more than last year: NGO

Each year, UK charity Christian Aid calculates the cost of weather incidents like flooding, fires, and heat waves according to...
  • Christian Aid said the upward trend reflects the effects of man-made climate change
  • It added that the 10 disasters in question also killed at least 1,075 people and displaced 1.3 million

Climate crisis puts oil in the crosshairs, but dependence persists

The International Energy Agency warned in May that an immediate halt to new investment in fossil projects is needed if...
  • Fossil fuels, represent 80 percent of energy consumed, and were explicitly blamed for driving climate change at COP26
  • This was not the case when the Paris climate pact was reached in 2015

Canada climate crisis impacts agricultural production and supply chains

Flood devastation, heavy rainfall, and Drought in Canada cause severe damage to the food supply chain and agricultural production.
  • Japan's McDonald has been forced to ration fries as the British Columbia floods jam potato imports
  • Canada's westward supply links are very, very vulnerable and not resilient enough to climate change

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...

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Derna counts the cost of Libya flood disaster

Derna was home to about 100,000 people, and many of its multi-storey buildings on the banks of the riverbed collapsed,...

Red Cross warns death toll may surge as 10,000 missing in Libya floods

The death toll from freak floods in eastern Libya is expected to soar dramatically, with 10,000 people reported missing, the...

Building less, repurposing more key to low construction sector emissions

The industry is responsible for 37 percent of global carbon dioxide emissions and growing urbanization is spurring the construction of...

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ENEC inks MoU with OSGE

Aim is to help in decarbonization of the Polish power sector.
  • One of the aims of the agreement is exploring opportunities to invest in Small Modular Reactors.
  • Nuclear energy is recognised by both the UAE and Poland as an essential clean energy resource.

Countries must cooperate to battle sandstorm threat, say UN, Iran

Countries in the Middle East, Africa and Asia must work together to combat sand and dust storms made increasingly severe...
  • According to meteorologists, sand and dust storms are expected to increase in countries most vulnerable to climate change.
  • Iran, co-organizer of the two-day gathering, is one country where such storms are increasingly numerous.

World falling dangerously short of climate goals: UN report

Paris, France - A world facing catastrophic climate change is perilously off course in meeting goals for slashing carbon pollution and...
  • Global greenhouse gas emissions must peak by 2025 and drop sharply thereafter to keep the 1.5C target in view, the so-called stocktake said.
  • "Scaling up renewable energy and phasing out all unabated fossil fuels are indispensable elements of just energy transitions to net zero emissions," it said.