INSEAD Day 4 - 728x90

Climate Change

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
  • Washington, United States - The International Monetary Fund has approved an additional $1.3 billion assistance program for Egypt under its Resilience and Sustainability Facility (RSF) meant to mitigate the impact of climate change, the organization said Tuesday. The Fund's Executive Board also completed the fourth review of an ongoing aid...
  • Earth’s ‘vital signs’ worsening as humanity’s impact deepens

    Of 31 "vital signs" - key metrics of planetary health that include greenhouse gas emissions, glacier thickness, sea-ice extent and deforestation - they found that 18 hit record highs or lows
  • Turkey seeks change in UN climate change agreement

    Turkey has sought a change in a UN climate framework so it won’t have to supply technology to developing countries
  • UAE is using drones to zap clouds and create rain

    The UAE is making rainfall using drone technology to hit clouds with electricity to combat high temperatures
  • Adnoc joins international hydrogen council

    Adnoc has been granted entry into the Hydrogen Council, through which it expects to produce greener fuel
  • Aldar Properties recieve $81.67-million loan from HSBC

    HSBC has sanctioned a loan of $81.67 million to Aldar Properties that has its interest linked to achievement of sustainability targets This reportedly made Aldar the first real-estate company in the Middle East and North Africa region to get such a loan   Global lender HSBC has sanctioned a loan...
  • Saudi scientists testing a new technique to freeze carbon emissions

    New testing is about half the cost of existing carbon capture techniques The cryogenic technology hopes to capture up to 25 tons a day from a power plant A pioneering technique is being tested by a team of scientists at Jeddah-based King Abdullah University of Science and Technology for freezing...
  • UAE, France team up for research and development in nuclear energy

    Exploring the product of green hydrogen powered by carbon-free nuclear energy part of the deal French company EDF owns the largest nuclear fleet worldwide   In keeping with the United Arab Emirates’ pursuit of clean electricity, and its plan to tackle climate change, it has signed an agreement with France...
  • Dubai’s Hilshaw Group to help Ukraine mitigate climate change fallout

    Hilshaw Group will conduct an impact study as the first phase of the process to understand and counter the effects of climate change. Ukraine exported 57 million tons of grain to international markets in 2019-20, which amounted to 16% of global grain exports     Dubai-based Hilshaw Group (HG) has...
  • Dar Al Arkan launches 3D construction tech in Saudi Arabia

    Dar Al Arkan tied up with Danish 3D construction printer company Cobod The first 3D construction printed house would be ready by Q4 2021 in the Shams Ar Riyadh project Saudi Arabian real-estate developer Dar Al Arkan has introduced 3D construction printing technology, or 3DCP technology, in the country, said...
  • EGA begins planting 10,000 mangroves in Jebel Ali Wildlife Sanctuary

      It has partnered with the UAE-based Storey Group’s One Billion Tree-Planting Initiative for this Mangroves, which grow in tidal areas of the coast, are an important native tree species in the UAE The Emirates Global Aluminum, in partnership with the UAE-based Storey Group’s One Billion Tree-Planting Initiative, began on...
  • UAE plans launch of new food safety standards system

    The new standards will ensure the quality of food imported or manufactured within the country The ministry is cooperating with the private sector to market local agricultural products The United Arab Emirates’ Ministry of Climate Change plans to launch a new system of food safety standards in the next two...
  • Morocco to get extra WB funding to combat climate risks

    World Bank approves $100 million to help Morocco withstand natural disasters This is in addition to an existing $200 million funding to improve the country’s institutional capacity for disaster risk management The World Bank Saturday approved $100 million in additional financing to help Morocco strengthen its ability to withstand the...
  • COP26 Update: UAE focuses on carbon reduction strategies

      A UAE climate negotiation team is attending the United Nations Framework Convention on Climate Change (UNFCCC) The meetings aim to pave the way for the discussions that will be presented during COP26         The United Arab Emirates (UAE) has highlighted carbon emission reduction strategies at climate...
  • A Dubai startup unveils a program to fight climate change in MENA

    Olive Gaea calculates the carbon footprint of any individual or business through a simple yet science-based questionnaire
  • Doctors call for global action against climate-linked health risks

    The list of ailments people suffer from climate change is getting longer every day: Doctors The risks posed by climate change could dwarf that of any single disease, warned WHO chief Hundreds of health workers marched to the World Health Organization on Saturday demanding that authorities in all countries recognize...
  • IMF moots coverage of climate change in assessment reports

    Action on climate change forms a part of the IMF’s 2021 Comprehensive Surveillance Review A few Directors underline need to account for past emissions, energy needs of developing countries The International Monetary Fund has proposed the coverage of climate change in its assessment reports of the countries, more so, for...
  • UAE to provide low cost, low carbon energy as global demand grows

    The UAE has three of the largest and lowest-cost solar projects in the world The country is taking the lead  in sustainable agricultural practices, the minister Dr Al Jaber said The UAE Minister of Industry and Advanced Technology and Special Envoy for Climate Change Dr. Sultan Ahmed Al Jaber said...
  • Antarctica gives birth to world’s largest iceberg

    The 1,668-square-mile berg named A-76 is larger than the Spanish tourist island of Majorca Another massive iceberg that had threatened a penguin-populated island off the southern tip of South America has broken into pieces A giant slab of ice bigger than the Spanish island of Majorca has sheared off from...