INSEAD Day 4 - 728x90

droughts

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

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.
  • PARIS, FRANCE - Natural and man-made disasters have caused $3.8 trillion in crop and livestock loses over 30 years, the UN's Food and Agricultural Organization (FAO) said on Friday. Floods, droughts, insect infestations, storms, disease and war have caused about $123 billion per year in lost food production between 1991 and...
  • Tens of millions of children uprooted by climate disasters: UNICEF

    In a sweeping report on the issue, the United Nations agency detailed the heart-wrenching stories of some of the children affected, and co-author Laura Healy told AFP the data only revealed the "tip of the iceberg," with many more likely affected. According to the prediction of UNICEF report, Floods linked...
  • 2023 likely to be hottest year in human history, says EU climate monitor

    "2023 is the year that climate records were not just broken but smashed," said Mark Maslin, a professor of climatology at University College London.
  • Iraq drought claims popular lakeside resort

    Shorelines at Habbaniyah, about 70 kilometres west of Baghdad, have receded by several dozen meters after years of drought ravaged parts of the country.
  • UN’s water report: Floods cause $650bn in damages in 19 years

    UN Water forum published its report as the first major conference on the issue in nearly a half-century is set to get underway Wednesday in New York. About 10 percent of the world's population lives in a country where water stress (the ratio of water use to water availability) is...
  • Will plant 5m trees in country, says Iraqi Prime Minister

    BASRA, IRAQ -  Iraq's prime minister on Sunday announced a campaign to combat the severe impacts of climate change on the water-scarce country, including by planting five million palms and trees. Oil-rich but war-battered Iraq suffers from extreme summer heat, frequent droughts, desertification and regular dust storms, problems that are all...
  • All regions experienced water extremes in 2021, says UN

    GENEVA, SWITZERLAND - All regions of the world saw water extremes last year - both floods and droughts - and billions of people had insufficient freshwater, the United Nations said on Tuesday. Large areas of the planet recorded drier than normal conditions in 2021, the UN's World Meteorological Organization said...
  • Climate change made 2022 drought ‘at least 20 times likelier’

    Producers in Europe and China have warned of significantly lower than expected harvests in crop staples due to the dry spell, after food prices spiked to multi-year highs following Russia's invasion of Ukraine in February. Friederike Otto, senior lecturer in climate science at the Imperial College London, called the crop...
  • Another sandstorm brings Iraq to a halt as airports shut

    President Barham Saleh warned that tackling climate change "must become a national priority for Iraq as it is an existential threat to the future of our generations to come".
  • Sandstorm disrupts life in Riyadh, likely to affect Makkah and Medina

    A sandstorm engulfed Saudi Arabia's capital and other regions of the desert kingdom Tuesday, hampering visibility and slowing road traffic. A thick grey haze made iconic Riyadh buildings such as Kingdom Centre nearly impossible to see from more than a few hundred meters (yards) away, though there were no announced...
  • Eighth sandstorm since mid-April brings Iraq to a halt

    On Monday a thick cloud of dust enveloped the capital Baghdad in an orange glow and blanketed many other cities.