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Aramco signs $11bn deal

The deal involves its Jafurah gas facilities.

TAQA H1 net income $1bn

The group's revenue reached $7.73 billion.

ADNOC L&S H1 net profit $420m

The company’s revenue reached $2.43bn

SEC H1 net profit $1.67bn

Revenue grew by 24% to $7.38 billion.

DEWA profit after tax $789m

It will pay $843m in H1 dividend.

Turkey says Erdogan to meet Joe Biden at White House on May 9

Istanbul, Turkey - Turkish President Recep Tayyip Erdogan will meet with US counterpart Joe Biden at the White House on May...

UAE plays an active role in shaping better future for societies, says minister

NEW DELHI, INDIA – The UAE is committed to playing an active role in global efforts to shape a better...
  • The UAE is also committed to enhancing human resources’ contribution to sustainable development.
  • The minister applauded all G20 members for “their dedication and commitment to the objectives and vision of the forum.”

UAE emissions plan ‘insufficient’, say climate groups

PARIS, FRANCE - New carbon-cutting plans by this year's UN climate talks host the UAE were branded "insufficient" by an analysis...
  • The UAE, which will host the COP28 United Nations talks in November and December, has released its updated climate plans.
  • The plans laying out a tougher target to reduce its greenhouse gas emissions by 19 percent by 2030 compared to 2019 levels.

Severe heat a cause of worry for healthcare system, says WHO

GENEVA, SWITZERLAND - The extreme heat in the northern hemisphere is putting an increasing strain on healthcare systems, hitting those least...
  • The WHO said the heat often worsens pre-existing conditions, saying it was particularly concerned about those with cardiovascular diseases, diabetes and asthma.
  • Millions of people across three continents are enduring a sustained spell of dangerous heat as temperature records tumble.

Dubai posts 44 percent growth in business event bid wins in H1 2023

DUBAI, UAE – The city has registered a strong year-on-year growth of 44 percent in business event bid wins in...
  • Dubai Business Events worked with partners and stakeholders to win 143 conferences, congresses, meetings and incentives in H1 2023.
  • These events are expected to bring over 94,000 additional visitors to the city, including global experts and leaders in their respective fields.

UNDP says over US$14bn needed to mitigate global surge in poverty

NEW YORK, US – In the last three years, poverty rates in low-and lower-middle-income countries have surged, with the number...
  • UNDP has called for adaptive social protection and a debt-poverty pause to redirect debt repayments toward critical social expenditures.
  • Almost all of these financially hit people live in low - and lower-middle-income economies, with the poorest 20 percent in low-income countries

Ukraine grain deal failed to achieve objective, says Putin

Russian President Vladimir Putin said the main objective of the deal that allowed Ukrainian grain exports to resume was not...
  • A memorandum on unhindered Russian food and fertilizer exports had been signed in parallel to the grain deal.
  • "The main goal of the deal, namely the supply of grain to countries in need, including on the African continent, has not been implemented," Putin said.

Almost the entire world is experiencing record heatwaves

Record heat is forecast around the world from the United States, where tens of millions are battling dangerously high temperatures,...
  • Authorities in many countries have been sounding the alarm, advising people to avoid outdoor activities in the daytime and to be wary of dehydration.
  • Scientists insist global warming - linked to dependence on fossil fuels - is behind the intensification of heat waves in the world.

India launches an unmanned spacecraft to land on Moon

India launched a rocket carrying an unmanned spacecraft to land on the Moon, its second attempt to do so as...
  • "Chandrayaan-3... has begun its journey to the Moon. Health of the spacecraft is normal," the Indian Space Research Organization said on Twitter.
  • The world's most populous nation has a comparatively low-budget aerospace program that is rapidly closing in on the milestones set by global space powers.

UN says over 165m people fell into poverty in 3 years of crisis

UNITED NATIONS - The COVID-19 pandemic, the cost-of-living crisis and the war in Ukraine have pushed 165 million people into...
  • The COVID-19 pandemic, the cost-of-living crisis and the war in Ukraine have pushed 165 million people into poverty since 2020, the UN said.
  • Because of these shocks, the United Nations has called for a pause in debt repayments for developing countries.

IDB inks pact with IRENA

IDB will fund renewable projects by joining ETAF platform.
  • The IDB plans to co-finance renewable energy projects and energy transition technologies worth US$100 million in Latin America and the Caribbean.
  • By leveraging its global reach and energy transition knowledge, IRENA is actively developing a pipeline of energy transition projects .

Turkey says Erdogan to meet Joe Biden at White House on May 9

Istanbul, Turkey - Turkish President Recep Tayyip Erdogan will meet with US counterpart Joe Biden at the White House on May...

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Hamas, Saudi warn of calamity if Israeli troops attack Rafah

Prime Minister Benjamin Netanyahu this week said he had ordered troops to prepare to go in to the city, crowded...

World’s biggest flying lab comes to Asia on air pollution mission

Clark, Philippines - NASA has kicked off a series of marathon flights in Asia with the world's biggest flying laboratory, in...

Law, politics hamper UK museum return of artifacts

LONDON, UK - British museums, like others across Europe, are under pressure to return artworks taken during the colonial era, including...

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World sees first 12 months above 1.5C warming level, says climate monitor

PARIS, FRANCE -  Earth has endured 12 consecutive months of temperatures 1.5C hotter than the pre-industrial era for the first time...
  • Recent months have seen a global onslaught of extremes, including devastating drought gripping the Amazon basin
  • The UN's IPCC climate panel had already warned that the world will likely crash through 1.5C in the early 2030s.

Gaza solidarity boycott hits global food chains

As customers in the Middle East shun international restaurants, local businesses report they have benefited from the boycott.
  • Starbucks sales grew at their slowest pace in a year, and profits fell short of Wall Street estimates as a spending slowdown took its toll.
  • McDonald's shares declined for the second day after the company failed to achieve targeted sales for the first time since 2020 due to the war in the Middle East.

UAE, Russian Presidents discuss regional and global developments

ABU DHABI, UAE - President Sheikh Mohamed bin Zayed Al Nahyan spoke by telephone to President of the Russian Federation...
  • Sheikh Mohamed reiterated the UAE's steadfast commitment to promoting peace and stability both regionally and globally.
  • The UAE and Russian Presidents discussed several issues of mutual interest, with a particular focus on the Ukraine conflict.