INSEAD Day 4 - 728x90

El Nino

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
  • El Nino, the large-scale warming of surface temperatures in the central and eastern equatorial Pacific Ocean, typically has the greatest impact on the global climate in the year after it develops, in this instance 2024. The weather phenomenon occurs on average every two to seven years, and episodes typically last...
  • FAO says global food prices fell 13.7 percent in 2023

    World food prices fell in 2023, with considerable declines for grains and oils as supply concerns eased, the UN's Food and Agriculture Organization said. The FAO's cereals price index fell 15.4 percent last year, "reflecting well supplied global markets" compared to 2022, when prices soared after Russia's invasion of Ukraine,...
  • Higher global temperatures culprit El Nino could stay till Apr 2024

    Geneva, Switzerland - The El Nino weather phenomenon, which triggers higher global temperatures, is expected to last until at least April 2024, the United Nations said on Wednesday. El Nino is a naturally occurring climate pattern typically associated with increased heat worldwide, as well as drought in some parts of the...
  • Drought forces Panama Canal operator to cut ship traffic

    Panama City, Panama - The operator of the Panama Canal, the passageway for cargo ships between the Atlantic and Pacific oceans, said Tuesday that it would gradually limit the number of daily crossings due to drought. Traffic will be reduced to 25 ships a day from Friday, down from 29, and...
  • El Nino forced sugar price to hit 13-year high in September, says FAO

    Paris, France - Global sugar prices soared to their highest level in almost 13 years in September as the El Nino weather phenomenon hit production in India and Thailand, the Food and Agriculture Organization said Friday. While world food prices steadied as a whole last month, the FAO's Sugar Price Index...
  • July likely to be warmest month on record: NASA scientist

    This month has already seen daily records shattered according to tools run by the European Union and the University of Maine, which combine ground and satellite data into models to generate preliminary estimates. Though they differ slightly from one another, the trend of extreme heat is unmistakable and will likely...
  • World should prepare for El Nino, new record temperatures: UN

    Since 2020 though, the world has been hit with an exceptionally long La Nina -- El Nino's cooling opposite -- which ended earlier this year, ceding way to the current neutral conditions. And yet, the UN has said the last eight years were the warmest ever recorded, despite La Nina's...