Climate impact

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

SIB profit up 9%

Higher income from financing and investment drive growth.
  • But slashing greenhouse gas emissions as quickly as possible remains crucial to avoid even more devastating economic impacts after mid-century, researchers reported in the journal Nature. The study projects that -- absent climate impacts after 2020 -- global GDP would double by 2050 from $100 trillion in 2022.
  • Green hydrogen planes will only limit CO2 emissions: Study

    If all aircraft started using green hydrogen on eligible routes, it would 'reduce aviation's carbon emissions by 31 percent in 2050, representing a capping of emissions at 2035 levels,' found the International Council on Clean Transportation. However, this would not entirely eliminate CO2.