INSEAD Day 4 - 728x90

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

DAE H1 profit $229m

Growth triggered by higher earnings, stron cash flow

Global Fund to allot 70% of its funding to countries hit by climate change

Peter Sands, Executive Director of the Global Fund. (WAM)
  • Peter Sands, of the Global Fund, said the fight against deadly infectious diseases "must go hand in hand with addressing climate change”
  • The fund will also invest over US$2.9 billion over the next three years in the 50 most climate-vulnerable countries to strengthen health systems

Dubai, UAE–The Global Fund to Fight AIDS, Tuberculosis and Malaria (Global Fund) announced at COP28 that more than 70% of its funding, equivalent to more than $9 billion, will be spent over the next three years in favour of the countries most affected by climate change, with the aim of supporting health programmes.

Commenting on the announcement, Peter Sands, Executive Director of the Global Fund, said, “The fight against deadly infectious diseases must go hand in hand with addressing climate change.”

He added, “The climate crisis is having a severe impact on low- and middle-income countries that suffer from high disease burdens and weak health systems, putting communities – who have contributed the least to global carbon emissions – at great risk.”

The Global Fund provides rapid, flexible emergency support to countries on the frontline of climate disasters. It will also invest over US$2.9 billion over the next three years in the 50 most climate-vulnerable countries to strengthen health systems to be more climate-resilient and better prepared for pandemic threats.