Climate threats haunt GCC’s economy and finance
The GCC faces a critical challenge as climate risks like extreme heat and water stress rise, potentially impacting the region's...
Economy
Research
Under 1% of development spending spent on clear air
An annual survey by the Clean Air Fund has highlighted that the air quality remains low on the list of...
- An annual survey by the Clean Air Fund found that air quality is low on the list of funding priorities
- Both the United Nations and the World Health Organization (WHO) cite air pollution as one of the world's most lethal environmental problems
Science
Boursa Kuwait launches ESG reporting guide
Through it, the bourse aims to drive the embrace of Corporate Sustainability in the Kuwaiti capital market.
- The guide will introduce the ESG universe to companies listed on the stock exchange
- It will also highlight the benefits of ESG disclosure and best practices
Economy
Social cost of 2019’s plastic more than GDP of India
There is increasing international alarm over the sheer volumes of fossil-fuel based plastics entering the environment, as microplastics have infiltrated...
- It estimated that unless there was concerted international action, a projected doubling of plastic production could see costs rocket by 2040 to $7.1 trillion.
- Since the 1950s, roughly 8.3 billion tons of plastic have been produced with around 60 percent of that tossed into landfills or into the natural environment.
Analysis
GCC can help shipping industry curb emissions
Saudi Arabia and the UAE are already off the starting mark in their efforts to supply alternative fuels to the...
- Hydrogen requires high-pressure tanks when stored as a gas or temperatures of -253°C when stored as a liquid
- Ammonia can be used as marine fuel as the conversion process is economical and involves little fuss
Economy
Countries eye UN deal to rein in plastic pollution
The proposed resolution is due to be discussed during the United Nations Environment Assembly, which is due to be held...
- The proposed resolution is due to be discussed during the United Nations Environment Assembly, which is due to be held in Nairobi from February 28 through March 2 next year
- UNEP has warned that the world today is producing some 300 million tonnes of plastic waste every year
Economy
What can central banks do to address climate risks?
While not directly involved in addressing global warming, central banks do have to be alert to its impact on the...
- While not directly involved in addressing global warming, central banks do have to be alert to its impact on the economy and the financial system.
- Amid increasing public concern, the institutions are factoring considerations about climate into their policies
Economy
Weather, climate disasters rise five-fold in 50 years
A report from the UN's WMO examined mortality and economic losses from weather, climate and water extremes between 1970 and...
- A report from the UN's WMO examined mortality and economic losses from weather, climate and water extremes between 1970 and 2019
- In total, there were more than 11,000 of disasters attributed to these hazards globally
Science
Depleting seagrass: Experts sound alarm
Named posidonia oceanica -- or "Neptune grass" -- for the Greek god of the seas, the plant covers at least...
- Named posidonia oceanica -- or "Neptune grass" -- for the Greek god of the seas, the plant covers at least one million hectares of the Mediterranean seabed
- Neptune grass meadows have long fallen prey to boating activity, with official figures estimating some 7,500 hectares in damage along the French coastline alone
Business
Price tag on the planet? Helping business value nature
Putting a monetary value on nature means that damaging resources such as breathable air and drinkable water becomes not just...
- Experts are divided on how to measure "natural capital", and some argue that it should not be done at all.
- As the IUCN World Conservation Congress kicks off in France on Friday, conservation of nature will remain an urgent question.
Geostrategy
Drought diplomacy helps boost Israel-Jordan ties
Experts say Israel and Jordan could be poised for an unprecedented boom in water cooperation
- Experts say Israel and Jordan could be poised for an unprecedented boom in water cooperation
- This month the UN's Intergovernmental Panel on Climate Change showed unequivocally that the climate is changing faster than previously feared
Most Read
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
Company News
Latest News
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...
Geostrategy
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...
Geostrategy
IMF, World Bank vow to address climate change threat at G20
The leaders of the International Monetary Fund and World Bank announced that the two institutions will collaborate more closely to...
Most Read
Syria’s ancient adobe houses threatened by war, displacement
"Village Umm Amuda Kabira in Aleppo once had 3,000 to 3,500 residents and some 200 mud houses," said Mahmud al-Mheilej,...
- Also known as "beehive houses", the conical adobe structures are designed to keep cool in the blazing desert sun while their thick walls also retain warmth in the winter
- Umm Amuda Kabira village in Aleppo province is among a handful of places where residents long used to live in the small domed houses, made of mud mixed with brittle hay
UAE to host faith leaders for climate crisis summit prior to COP28
Abu Dhabi, UAE - A global summit for faith leaders from around the world will take place in Abu Dhabi...
- Faith leaders representing the world’s major religions will discuss the ethical responsibilities of faith leaders in addressing the climate crisis
- The meeting will also address the collaboration between faith and science to bridge the gap between empirical evidence and spiritual teachings
Geostrategy
2023 likely to be hottest year in human history, says EU climate monitor
"2023 is the year that climate records were not just broken but smashed," said Mark Maslin, a professor of climatology...
- The average global temperature in June, July and August was 16.77 degrees Celsius (62.19 degrees Fahrenheit), surpassing the previous 2019 record of 16.48C.
- "The three months that we've just had are the warmest in approximately 120,000 years, so effectively human history," C3S deputy director Samantha Burgess told AFP