2023 hottest recorded year as Earth nears critical threshold
PARIS, FRANCE - The year of 2023 was the hottest on record, with the increase in Earth's surface temperature nearly crossing...
Geostrategy
Race against time after deadly Japan quake
The 7.5-magnitude quake, which hit Ishikawa prefecture on the main island of Honshu, triggered tsunami waves more than a meter...
Geostrategy
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.
Science
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
Science
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
Economy
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
Science
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
Economy
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
Economy
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
Business
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
Russia vetoes UN resolution on climate change as global security threat
China abstained, while India voted against, arguing that global warming was chiefly an issue related to economic development, rather than...
- China abstained, while India voted against, arguing that global warming was chiefly an issue related to economic development, rather than international security
- The resolution had called on the UN chief to report within two years "on the security implications" of climate change on issues addressed by the Security Council
Economy
Jordan, Netherlands sign €5m rainwater pact
The project aims to devise proper legislation, and setting up of rainwater harvesting catchment areas as well as smart farms.
- The project comprises 4 main components with the aim of devising proper legislation, and setting up of rainwater harvesting catchment areas as well as smart farms
- In a statement, secretary-general of the water ministry Jihad Mahamid stressed that Jordan is a global "trailblazer" in rainwater harvesting projects
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
2023 hottest recorded year as Earth nears critical threshold
PARIS, FRANCE - The year of 2023 was the hottest on record, with the increase in Earth's surface temperature nearly crossing...
Geostrategy
Company News
Latest News
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...
Business
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...
Science
‘Mainstream sustainability for a net-zero future’
“As the UAE gears up to host COP28, it's crucial to involve all partners in hastening climate action, both locally...
Business
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Business
Rising demand for critical metals pose dilemmas for investors
PARIS, FRANCE - Soaring demand for the raw materials needed for the transition towards renewable energy is creating dilemmas for investors...
- Demand for lithium, an essential component of car batteries, could increase ninefold between 2022 and 2050, said the International Energy Agency.
- Lithium and other metals that the IEA calls “key to the clean energy transition” will be the topic of a summit hosted by the global energy watchdog in Paris.
Business
ADNOC, TAQA complete financial closing on sustainable water supply project
ABU DHABI, UAE - ADNOC and Abu Dhabi National Energy Company (TAQA) have completed the financial closing of their $2.2...
- A consortium comprising Orascom Construction and Metito (the Consortium) will construct a centralized world-class seawater treatment facility.
- ADNOC and TAQA own a joint 51 percent majority stake (25.5 percent each), the Consortium owning the remaining 49 percent stake in the project company.
Geostrategy
UAE minister calls for climate action by promoting nature-based solutions
NEW YORK, US – UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri called upon the global...
- The minister made the comments during high-level meetings on the sidelines of the 78th United Nations General Assembly in New York.
- Mariam Almheiri, who is also the COP28 Food Systems Lead, highlighted the prominence placed by the UAE on food and agriculture in COP28 agenda.