INSEAD Day 4 - 728x90

COP27

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.
  • Dubai COP28: Record attendance marks largest ever UN climate summit

    Among the host country's guests are Bill Gates and Antoine Arnault, the son of LVMH boss Bernard Arnault, the second richest man in the world after Elon Musk, according to Forbes magazine.
  • Biden to miss COP28 climate summit: US official

    Some 70,000 people including national leaders and Pope Francis are expected at COP28 as it opens Thursday, in what could be the largest United Nations climate summit ever. Schedules released by the White House for Biden and Vice President Kamala Harris showed neither heading to Dubai this week.
  • UAE joins $275m global effort toward Romania’s clean energy goals

    Abu Dhabi, UAE -- The UAE has joined global partners such as the US, Japan, and South Korea to commit up to $275 million towards nuclear energy in Romania. The announcement, made by US President Joseph Biden at the G7 Summit in Japan, is the first major nuclear energy initiative...
  • COP28 host UAE vows ‘inclusive roadmap’ for climate talks

    Rights group Amnesty International has said Sultan Al Jaber is "unfit" for the COP28 presidency, being the CEO of state-owned oil giant ADNOC, while Western officials have defended his role in the crucial talks set for November and December.
  • Future depends on measures we take today: UAE envoy

    "Both of our national leaders (in the UAE and China) are keenly aware of the fact that, as two advanced countries at the forefront of technological innovation, it is especially incumbent upon us to be active global stakeholders at this precarious time. We know the threat is real," he adds.
  • COP27 agrees to fund climate damages, no progress on emission cuts

    A final COP27 statement covering the broad efforts to grapple with a warming planet held the line on the aspirational goal of limiting global warming to 1.5 degrees Celsius from pre-industrial levels. It also included language on renewable energy for the first time, while reiterating previous calls to accelerate "efforts...
  • Swiss regret COP27 going soft on top polluters

    GENEVA, SWITZERLAND - Switzerland regretted Sunday that the COP27 climate summit outcome does not impose obligations on the highest greenhouse gas polluters and said it would work to make sure they contribute properly. A fraught UN gathering in Egypt wrapped up Sunday with a landmark deal on funding to help...
  • ‘Historic’ but ‘not enough’: UN COP27 climate summit reactions

    The summit drew praise for the "loss and damage" fund to help vulnerable countries cope with the destructive impacts of global warming. But there was also anger over a failure to push further ambition on cutting emissions in order to keep alive the aspirational goal of limiting global warming to...
  • Climate damages are key flashpoint as UN COP talks go overtime

    Sharm el Sheikh, Egypt—Climate negotiators were grappling for an agreement Saturday at the UN COP27 in Egypt after high stakes talks went deep into the night with key sticking points over funding for countries wracked by climate disasters and ambition in tackling global warming. The meeting at the Red Sea resort of...
  • Greenpeace, Arab climate activists slam regional efforts at COP27

    The 21-country Arab group at the COP27 climate conference in Egypt "has spent most of its energy spearheading efforts to jeopardise any progress" on reducing emissions, Greenpeace said in a statement. The Arab group also strongly opposed the affirmation of 1.5C as the temperature limit.
  • UN climate talks go into overtime to break deadlock over funding

    Representatives from nearly 200 countries have gathered at the COP27 in Egypt for two weeks with the aim of driving forward action on climate change as the world faces a worsening onslaught of extreme floods, heat waves and droughts.
  • UN chief says stop ‘blame game’ at deadlocked climate talks

    Developing nations least responsible for global emissions are pushing rich polluters to agree at COP27 on the creation of a fund to compensate countries facing huge losses from climate impacts. After dragging their feet over loss and damage over concerns it would leave rich nations legally exposed to open-ended demands...
  • Israel and Jordan agree to clean polluted Jordan river

    Jordan is one of the world's most water-deficient countries, suffering from extreme droughts, and water cooperation with Israel long pre-dates the 1994 peace deal between them.
  • COP27 climate talks inch toward ‘loss and damage’ showdown

    The G77+China block of more than 130 developing nations called in a position paper for a special fund "for assisting developing countries in meeting their costs of addressing non-economic and economic loss and damage" caused by extreme weather disasters and rising sea levels.
  • Climate leaders call for ‘Paris agreement’ for nature

    Dozens of countries will meet next month to try and hammer out a new biodiversity framework to protect animals and plants from destruction by humans, as scientists warn the world is potentially facing its sixth mass extinction event. Only two of the 22 targets in the so-called post-2020 framework have...
  • UN probes allegations of Egypt ‘surveillance’ at COP27

    SHARM EL SHEIKH, EGYPT - United Nations officers running security at the COP27 climate summit in Egypt said Monday they are probing allegations of surveillance and misconduct by Egyptian police towards delegates. Participants at COP27 - including activists, rights defenders and civil society groups - have raised cases of "surveillance"...
  • Climate activists at COP27 decry West’s desire for gas in Africa

    European countries have been scrambling for alternative sources of gas after the continent's former top supplier, Russia, slashed exports in apparent retaliation for Western sanctions over Moscow's invasion of Ukraine in February.
  • Lawyer of Egypt’s jailed activist denied access for second time

    Cairo, Egypt— The lawyer for Egypt's jailed hunger-striker Alaa Abdel Fattah said Sunday he had been denied access to his client for a second time in days, as fears for the activist's health mount. Seven months into a hunger strike, Abdel Fattah began refusing water on November 6 as world leaders...
  • Sustainable food cold chains reduce waste, fight climate change, says UN report

    Greater investment in sustainable food cold chains is needed to reduce hunger, provide livelihoods to communities and adapt to climate change, two UN agencies said in a report launched at the COP27 climate change conference underway in Sharm El-Sheikh, Egypt.
  • COP27 focuses on ways and means to feed 8 billion people

    The adaptation and agriculture thematic day at COP27 focused on how the world will feed eight billion people.
  • Saudi Arabia pursuing sustainable tourism: Tourism chief

    The Kingdom's goal is to reach zero emissions by 2030.
  • Hundreds join march of hunger striker’s sister at COP27

    Demonstrations at COP27 must be approved by organizing authorities and should take place only in a special zone, activists behind Saturday's rally said they got UN permission for their action outside the designated area.
  • Technological innovations drive climate action across GCC, say UAE, Saudi leaders at COP27

    The Kingdom has moved from ambition to action during the past two years to empower people, protect the planet and shape new horizons, says Saudi minister
  • Better food cold chain crucial for climate, world hunger: UN

    In 2017, emissions linked to a lack of refrigeration totalled one gigatonne of CO2, according to the UN report -- about two percent of all greenhouse gas emissions that year. A "positive" outcome for the climate depends on ensuring any new infrastructure is energy efficient and relies on renewables, the...
  • GE, IRENA sign pact at COP27 to support energy security

    SHARM EL SHEIKH, EGYPT - GE (NYSE:GE) signed a framework agreement with the International Renewable Energy Agency (IRENA) to support both climate change and energy security. The agreement was signed by Francesco La Camera, Director-General of IRENA and Roger Martella, Chief Sustainability Officer of GE at the 27th Conference of...
  • TotalEnergies CEO heckled by climate activists at COP27

    Sharm el Sheikh, Egypt—French giant TotalEnergies' chief executive was confronted by climate activists Friday at the COP27 summit in Egypt, where the presence of fossil fuel firms has drawn backlash. As he was readying to join a conference, Patrick Pouyanne was confronted by a number of activists, forcing him to briefly...
  • UAE launches National Net Zero by 2050 Pathway

    The pathway, unveiled at COP27, sets the timeframe and identifies the mechanisms of implementing the UAE Net Zero by 2050 Strategic Initiative, introduced in October 2021.
  • UN unveils satellite-based system to detect methane emissions

    The Methane Alert and Response System (MARS) was announced by the UN Environment Programme during the COP27 summit. Methane, emitted by leaks in fossil fuel installations as well as from other human-caused sources like livestock farming and landfills, is responsible for roughly 30% of the global rise in temperatures to...
  • Infra investment key to climate change adaptation

    “We need to build a coherent framework of trade and investment policies supported by roadmaps that can accelerate the energy transition and boost re-investments,” Dr Ngozi Okonjo-Iweala stresses at a high-level forum held on the sidelines of the COP27 in Sharm-El-Sheikh, Egypt.
  • Fossil fuel lobbyists have flooded UN climate talks in Egypt: watchdogs

    More than 600 lobbyists from some of the world's biggest polluters have registered to the climate talks in the Egyptian resort of Sharm el-Sheikh, up 25 percent from last year, the analysis by groups including Global Witness and Corporate Accountability found.
  • e& commits to net-zero operations by 2030

    The global technology and investment conglomerate pledged to achieve net-zero for Scope 1 and 2 emissions.
  • Countries wrangle over future climate finance at COP27

    Diplomats from developing nations criticised the persistent imbalance in climate financing which, within the UN framework, should be evenly split between reducing emissions (mitigation) and boosting resilience to future impacts (adaptation).
  • COP27: ACG to give $24bn for climate action by 2030

    The fund will support the acceleration of the energy transition, the increased resilience of food, transport, water and urban systems, and the promotion of energy security.
  • AIIB, GEAPP partner to fund the energy transition in Asia and beyond

    The partnership will address the energy transition challenges around the world through the identification of co-financing opportunities for projects.
  • Saudi signs agreements with Oman, Egypt to boost energy ties

    Sharm el-Sheikh, Egypt—Saudi Arabia has signed two separate agreements with Oman and Egypt to boost ties in the energy field. The deals were reached on the sidelines of the COP27 summit in Egypt. A memorandum of understanding was signed by Saudi Energy Minister Prince Abdulaziz bin Salman and his Omani...
  • UAE, Jordan and Israel advance Project Prosperity

    The three nations vow to advance clean energy and sustainable water desalination projects announced last year, while UAE, Indonesia unveil Mangrove Alliance for Climate at COP27
  • Net zero claim not valid if companies invest in fossil fuels: Guterres

    Antonio Guterres said businesses as well as cities and regions should update their voluntary net zero pledges within a year to comply with the recommendations by UN experts, as he trained his sights on fossil fuel firms and "their financial enablers".
  • UN urges Egypt to release hunger-striking dissident Abdel Fattah

    Abdel Fattah, 40, was a major figure in the 2011 revolt that toppled longtime president Hosni Mubarak. After a seven-month hunger strike, he has for the past week refused food altogether. On Sunday he stopped drinking water to coincide with the opening of the COP27.
  • Renault to reorganize towards electric future

    The electric vehicle market is expected to grow rapidly in response to consumers' worries about climate change, putting pressure on manufacturers to develop less polluting products. The European Union last month agreed to phase out new CO2-emitting vehicles by 2035, a move set to turbo-charge the production of electric prototypes...
  • COP27: $1.4 bn climate grant for Africa, S. Asia farmers

    A COP27 announcement said the Bill and Melinda Gates Foundation grant, distributed over four years, is earmarked for scaling up regional innovations that build resilience against drought, heat waves and extreme flooding amplified by a warming world.
  • WTO urges countries to lift green trade barriers

    The World Trade Organization urged countries to abolish trade barriers in environmental goods and services to help fight climate change. In its annual World Trade Report, the WTO says global commerce should not be pitted against the climate crisis and said trade could enable the spread of green innovations and...
  • Vietnam struggles to shake off its coal addiction

    During the COP26 climate summit last year, the government boldly promised to end the construction of new coal plants and phase out the dirtiest of those already running, even as energy demands soar in the manufacturing powerhouse.
  • World leaders gather for climate talks under cloud of crises

    At the opening ceremony on Sunday, COP27 officials urged governments to keep up efforts to combat climate change despite soaring inflation, the energy crunch linked to Russia's war on Ukraine and the persistent Covid-19 pandemic.
  • UAE to unveil its Net Zero by 2050 roadmap at COP27: Almheiri

    ‘The UAE is also working on a comprehensive assessment of the status and movement of sustainable financing solutions, including green bonds’.
  • UAE’s climate initiatives to benefit private sector

    The Gulf country will reveal the mechanisms for implementing its strategic initiative to achieve climate neutrality 2050, as part of its support for sustainable financing solutions for all sectors. This is alongside a comprehensive assessment of the status and movement of sustainable financing solutions, she adds.
  • Financing for climate damages finally on COP27 agenda

    Countries least responsible for planet-heating emissions -- but hardest hit by an onslaught of weather extremes -- have been ramping up the pressure on wealthy polluting nations to provide financial help for accelerating damages.
  • Global warming rising at alarming rate, says UN

    Greenhouse gases accounting for over 95 percent of warming are at record levels, with methane showing the largest one-year jump ever recorded, the WMO's annual State of the Global Climate found. In the European Alps, glacier melt records have been shattered in 2022, with average thickness losses of between three...
  • ‘UAE to reveal implementation map of Net Zero 2050 at COP27’

    Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri said the UAE’s participation in the 27th session of COP27 in Egypt will be an affirmation of the country's pioneering model regionally and globally in facing the challenge of climate change.
  • COP27 summit opens as world races against climate clock

    Just in the past few months, climate-induced catastrophes have killed thousands, displaced millions and cost billions in damages across the world. Massive floods devastated swaths of Pakistan and Nigeria, droughts worsened in Africa and the western United States, and cyclones whipped the Caribbean.
  • COP27 summit in Egypt reckons with gravest threat to humanity

    The already daunting task of decarbonizing the global economy in a few years has been made even harder by a global energy crunch and rapid inflation.