INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

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.