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Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

‘Moment of truth’ for world-first plastic pollution treaty

Bangkok, Thailand - Plastic pollution litters our seas, our air and even our bodies, but negotiators face an uphill battle next...
  • Countries will have a week in South Korea's Busan from Monday to round off two years of negotiations
  • The talks are a "moment of truth", UN Environment Programme chief Inger Andersen warned this month

Divided G20 fails to agree on climate action, Ukraine war escalation dominates Rio summit talks

G20 leaders in Rio failed to resolve UN climate talks deadlock, merely stating funding for developing countries battling global warming...
  • Ahead of the meeting, the UN had implored the leaders of the world's richest economies to rescue stalled climate talks in Azerbaijan by boosting funding for developing countries
  • G20 members, who are divided on who should pay, did not make such commitments, saying only that the trillions of dollars needed would come "from all sources."

COP29: Why new climate pledges need ambition, finance and action to succeed

Major emitters must take the lead, but every nation has a role in addressing the climate crisis. Success hinges on...
  • Many countries are due to submit their climate action plans – Nationally Determined Contributions – in 2025
  • The collective ability to limit global warming to 1.5°C depends on three key factors: ambition, finance and accelerated action

World leaders meet for climate talks, but big names missing raising concerns over global climate commitment

The small group of developed countries that currently contributes the money wants the donor pool expanded to include other rich...
  • More than 75 leaders are expected in Baku over two days but the heads of some of the most powerful and polluting economies are not attending this year's summit
  • Just a handful of leaders from the G20 -- which accounts for nearly 80 percent of planet-heating greenhouse gas emissions -- are expected in Azerbaijani capital

How harmful are microplastics to human health?

A New England Journal of Medicine study found microplastics in blood vessels are linked to higher risks of heart attack,...
  • These tiny pieces of plastic have been detected almost everywhere on Earth, from the deepest oceans to the highest mountains, as well as in the air, water, soil and food chain
  • Every day humans ingest, inhale or otherwise come in contact with microplastics, which are less than five millimetres (0.2 inches) and mostly invisible to the naked eye

UN biodiversity conference in Colombia: what’s at stake?

Paris, France - The world's pledges to halt humankind's destruction of nature will be put to the test when the 16th...
  • The COP16 is the first meeting of the international community since the adoption two years ago of an unprecedented roadmap to stop humankind's destruction of nature
  • But putting that agreement into practice risks not moving fast enough to stop the destruction of land, oceans and species by a 2030 target date

Can biodiversity credits unlock billions for nature?

Paris, France - For supporters, biodiversity credits could unlock billions in much-needed funding for nature, but critics fear a repeat of...
  • Brazilian President Luiz Inacio Lula da Silva has mooted a global fund for rainforest conservation that considers paying countries for forest areas that are protected or restored
  • Many environment groups are wary, fearing money generated from biodiversity credits will not benefit conservation or indigenous communities living closely with nature

World Bank boosts climate financing by 10 percent

Washington, United States - The World Bank announced Thursday that it delivered a record $42.6 billion in climate change financing in...
  • In December, the Bank committed to raising the proportion of its annual financing that goes to climate change adaptation from 35 percent to 45 percent
  • This figure included lending, along with other financial instruments such as grants and guarantees, a World Bank official told AFP by email

UN draft on climate finance highlights deep divisions ahead of COP29

Paris, France - The UN has published a draft on climate financing due to be presented at the COP29 in November,...
  • The document is the basis for negotiating an accord that is due to be reached at COP29 in Baku under Azerbaijan's presidency
  • Arab countries say developed countries should commit at least $441 billion a year in grants between 2025-2029 to mobilise loans and private financing

Dubai airport diverts flights as ‘exceptional weather’ hits Gulf

Dubai, the Middle East's financial centre, has been paralyzed by the torrential rain that caused floods across the UAE and...
  • The world's busiest air hub for international passengers confirmed a halt to arrivals at 7:26 pm (1526 GMT) before announcing a "gradual resumption" more than two hours later
  • Earlier the airport, which had been expecting more than 100 flight arrivals on Tuesday evening, briefly halted its operations in the chaos caused by the storm

Morocco volunteers on Sahara clean-up mission as part Nomads Festival

M'HAMID EL GHIZLANE, Morocco - It may be the gateway to the vast Sahara desert, but that does not mean...

Latest News

COP29: Why new climate pledges need ambition, finance and action to succeed

Major emitters must take the lead, but every nation has a role in addressing the climate crisis. Success hinges on...

World leaders meet for climate talks, but big names missing raising concerns over global climate commitment

The small group of developed countries that currently contributes the money wants the donor pool expanded to include other rich...

How harmful are microplastics to human health?

A New England Journal of Medicine study found microplastics in blood vessels are linked to higher risks of heart attack,...

Most Read

Can biodiversity credits unlock billions for nature?

Paris, France - For supporters, biodiversity credits could unlock billions in much-needed funding for nature, but critics fear a repeat of...
  • Brazilian President Luiz Inacio Lula da Silva has mooted a global fund for rainforest conservation that considers paying countries for forest areas that are protected or restored
  • Many environment groups are wary, fearing money generated from biodiversity credits will not benefit conservation or indigenous communities living closely with nature

World Bank boosts climate financing by 10 percent

Washington, United States - The World Bank announced Thursday that it delivered a record $42.6 billion in climate change financing in...
  • In December, the Bank committed to raising the proportion of its annual financing that goes to climate change adaptation from 35 percent to 45 percent
  • This figure included lending, along with other financial instruments such as grants and guarantees, a World Bank official told AFP by email

UN draft on climate finance highlights deep divisions ahead of COP29

Paris, France - The UN has published a draft on climate financing due to be presented at the COP29 in November,...
  • The document is the basis for negotiating an accord that is due to be reached at COP29 in Baku under Azerbaijan's presidency
  • Arab countries say developed countries should commit at least $441 billion a year in grants between 2025-2029 to mobilise loans and private financing