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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.
  • IMF head urges COP26 to ramp up climate action

    The world is at a turning point on climate change. IMF chief Kristalina Georgieva has urged world leaders at the...

    The IMF chief has urged world leaders to make strong policy on climate change, calling it a grave threat

    Kristalina Georgieva said in a blog that global policies will leave 2030 carbon emission far higher than needed to achieve current goals

  • Dubai to plant more mangrove trees to preserve coastline

    Dubai Municipality has begun a new drive to plant mangrove trees in Dubai’s natural reserves as part of its efforts...

    Dubai Municipality will start planting mangrove trees in its marine reserves in Ras Al Khor and Jebel Ali

    These trees will be planted in areas that are not exposed to waves, such as shallow areas and creeks, where the tidal rate does not exceed 1-2 meters

  • Qatar plans to reduce 25% greenhouse emissions by 2030

    The 25 percent reduction would equal to a dip of 37 Mat CO2 eq by 2030, according to national figures,...

    The reduction said to be part of the National Climate Change Action Plan to reduce emissions in Qatar

    The plan is expected to take Qatar closer to achieving its sustainable development goal by 2030

  • Saudi Arabia joins space-based climate monitoring effort

    The move comes barely days after the country announced during the Saudi Green Initiative forum that it aims to achieve...

    Saudi Space Commission has signed the joint international statement on space monitoring of the climate

    The signing took place at the headquarters of the Saudi pavilion at Expo 2020 Dubai

  • TII of Abu Dhabi partners with top institutes on mesh projects

    Technology Innovation Institute (TII) has announced that its Secure Systems Research Centre (SSRC) has partnered with three universities on secure...

    Mesh network is a network topology in which the infrastructure nodes connect directly, dynamically, and non-hierarchically to as many other nodes as possible

    The project is set to strengthen the security of the Mesh network technology that TII is currently developing

  • Pyypl, Ripple launch on-demand liquidity service in Middle East

    ODL uses XRP for instant, low-cost cross-border payments.

    ODL is the process of buying and selling XRP in originating and destination countries

    XRP is the native cryptocurrency of products developed by Ripple’s creator Ripple Labs

  • Iraq to cut out carbon emissions in full by 2025

    In order to cut out carbon emissions completely, Iraq will stop burning associated gas permanently in 2025.

    He said that Iraq will stop burning associated gas permanently in 2025

    "At this summit, we seek to start developing plans to transform the future of our countries and all their economies to a green future free of emissions”

  • Greenhouse gas levels reach new record high: UN

    The UN's blunt report comes as British Prime Minister Boris Johnson, the COP26 host, said he was "very worried" that...

    The World Meteorological Organization said that continued rising greenhouse gas emissions would result in more extreme weather.

    Concentrations of all three major greenhouses gases --CO2, methane and nitrous oxide--have risen alarmingly.

  • China aims to cut fossil energy use to below 20% by 2060

    China is targeting an ambitious clean energy goal of reducing fossil fuel use to under 20 percent by 2060, according...

    The document follows a pledge by President Xi Jinping to wean the world's biggest polluter off coal

    But the country has been criticized for pushing ahead with opening dozens of new coal power plants

  • Aramco sets 2050 net-zero target

    The company acknowledged that this would have its challenges.

    Saudi Aramco chief Amin Nasser has said the company will achieve net-zero emissions by 2050

    He was speaking at the Saudi Green Initiative forum, where Saudi Arabia pledged to become net-zero by 2060

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