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Pfizer reports loss in Q4
The drugmaker's revenues fell 41 percent to $14.2 billion.
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Technology, sustainability sectors among the most booming and awarded ones across GCC, says expert
The three sectors help the regional economies grow and offer better life to people, Takreem founder Ricardo Karam tells TRENDS while discussing various topics, including awards -
Stage set for UAE-Japan business council as Abu Dhabi secures 40% of Tokyo’s crude oil requirements
The proposed bilateral business council, aimed at developing joint projects and exchange expertise, is likely to be formed by the first quarter of 2023. -
Natural disaster losses hit US$115 bn this year, says Swiss Re
GENEVA, SWITZERLAND - Natural catastrophes have caused an estimated US$115 billion of insured losses in 2022 to date, driven by Hurricane Ian and other extreme weather events, reinsurance giant Swiss Re estimated Thursday. Hurricane Ian, the single largest loss-causing event so far this year, caused an estimated insured loss of... -
UAE’s health and prevention ministry launches National Nutrition Strategy 2022-2030
DUBAI, UAE - UAE's Ministry of Health and Prevention (MoHAP) has launched the National Nutrition Strategy 2022-2030 to establish sustainable nutritional systems, provide safe and supportive nutritional environments at all ages and strengthen food governance. The Ministry has also launched the strategy’s operational plan. This comes as part of MoHAP’s... -
Air pollution killed 238,000 Europeans prematurely in 2020: EEA
Across the 27-nation bloc that year, "exposure to concentrations of fine particulate matter above the 2021 World Health Organization guideline level resulted in 238,000Â premature deaths," the European Environment Agency said in a new report. -
Indonesian Govt, 3 organizations to protect marine environment
ABU DHABI, UAE - The Indonesian Government, G42, a UAE-based AI and cloud computing company, a global nonprofit OceanX and G-Tech Digital Asia (G-Tech) have announced the signing of a Letter of Intent to establish a collaboration to develop ocean research to help protect the marine environment. The Letter of... -
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 -
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. -
How the Middle East can promote agritech
The region’s agriculture suffers from a variety of economic and policy problems. There is a lack of agricultural labor. The sector’s capabilities are underdeveloped, yields are low, soil salinity is an issue, and there are shortages of arable land, feed resources, and water, he adds. -
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... -
ING Q3 profit at US$958m
Bank announced a share buyback of US$1.4 billion. -
Twilight of the Tigris: Iraq’s mighty river drying up
The Tigris, the lifeline connecting the storied cities of Mosul, Baghdad and Basra, has been choked by dams, most of them upstream in Turkey, and decreasing rainfall. -
‘Carbon neutrality goals are useless if not backed by action’
UNITED NATIONS, UNITED STATES - Carbon neutrality goals are useless if not backed by action, UN Secretary-General Antonio Guterres said Thursday, stressing that the world cannot "afford any more greenwashing." "Commitments to net zero are worth zero without the plans, policies and actions to back it up," he said in... -
‘Close the windows’: Lebanon power plant sparks cancer fears
Thick black smoke sometimes billows from its red-and-white chimneys, leaving a grey haze in the air above the Zouk Mikael industrial district where the toxins remain trapped by a nearby mountain chain. Zeina, aged 40, says she lost her younger sister and a cousin to pulmonary fibrosis and that two... -
WFP calls for action to avoid another year of record hunger
UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri said that the crises facing the world today put the health and lives of millions of people at stake without distinguishing between developed and developing countries. -
Abu Dhabi’s Environment Agency holds training for industries
The Environment Agency - Abu Dhabi (EAD) organized two training workshops on the Green Industries environmental labeling program. -
5.3 billion cell phones to become waste in 2022
Defunct cell phones are just the tip of the 44.48-million-ton iceberg of global electronic waste generated annually that isn't recycled. -
Protecting biodiversity is important, says Egyptian minister
Egypt’s Minister of Environment Yasmine Fouad said that protecting migratory birds and biodiversity is one of the global and regional environmental challenges that her country is keen to address during the UN Conference of Parties on Climate Change (COP27). -
Low carbon demand spurs green sukuk growth
With the rise in demand for low-carbon investments, investors issued $517 billion in green bonds last year, a 50 percent increase over 2020. -
‘Barakah Nuclear Power Plant promotes clean, safe energy’
UAE Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei said that the start-up of Unit 3 of Barakah Nuclear Energy Plant contributes to achieving one of the most important objectives of the country's vision and strategy for the energy sector. -
UN chief wants ‘action’ to address climate loss, damage payments
UN Secretary-General Antonio Guterres called on governments to tackle "four burning issues" between now and COP27: greater ambition to keep the 1.5C possible; meeting financial commitments to the developing world; increasing support for adaptation measures, and the issue of "loss and damage." -
Dozens of pilot whales stranded in Australia, many feared dead
Aerial images showed a devastating scene of dozens of black glossy mammals strewn along a stretch of beach where the frigid southern ocean meets the sand. -
Fossil fuel reserves contain 3.5tn tonnes of CO2: database
The global registry, Containing more than 50,000 fields across 89 countries, it found that some countries on their own held reserves containing enough carbon to blow through the entire world's carbon budget. -
Continuous effort required to protect ozone layer, says UNEP
The UNEP noted a global temperature rise of 2.5C was possible if the ozone-depleting chemicals weren't banned, which would have been a 'catastrophe'. -
Activists thwarts offloading of Russian gas in Finland
HELSINKI, FINLAND - Activists from environmental group Greenpeace blocked a shipment of Russian gas from unloading at a liquefied natural gas (LNG) terminal in northern Finland, the terminal owner and Greenpeace said. The activists demanded Helsinki stop importing Russian gas after Russia's President Vladimir Putin invaded Ukraine more than six... -
France sends latest nuclear shipment to Japan
Two ships carrying reprocessed nuclear fuel destined for Japan set sail Saturday morning from northern France, an AFP photographer said, despite criticism from environmental campaigners. -
Work on world’s largest waste-to-energy project nearly completed
Dubai, UAE - Dubai Municipality said Monday 85 percent of of Dubai Waste Management Centre (DMWC), world’s largest waste-to-energy project, has been completed. Its construction began in 2021 as a step toward projecting Dubai as a global model for sustainable development, local media reports said. DWMC reflects Dubai’s commitment to... -
Dubai’s RTA releases Sustainability Report 2021
Dubai's Roads and Transport Authority (RTA) has published its seventh Sustainability Report 2021. The report showcases RTA's practices in matters related to the environment, society and governance. -
World Green Economy Summit 2022 theme revealed
Dubai Electricity and Water Authority (DEWA) and the World Green Economy Organization (WGEO) announced that the theme of the 8th World Green Economy Summit (WGES) is "Climate Action Leadership through Collaboration: The Roadmap to Net-zero." -
UAE calls for global solidarity at environment ministers meet
UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri participated in the Joint Environment and Climate Ministers’ Meeting as part of the G20 Summit in Indonesia. -
GCC hospitality looks at more sustainable practices
'Eco-friendly travelers' are gradually putting pressure on hospitality businesses in the Gulf region to incorporate green concepts and sustainability practices into service delivery. -
DMCC welcomes 15 companies for training program
Dubai Multi Commodities Centre (DMCC), the Government of Dubai Authority on commodities trade and enterprise, has announced that 15 companies have been selected to participate in the DMCC Impact Scale-Up Program. -
UAE launches net-zero drive for firms
The Ministry of Climate Change and Environment (MoCCAE) Monday launched the UAE Climate-Responsible Companies Pledge. The pledge aims to increase the engagement of the private sector in the country’s decarbonization drive, in line with the UAE Net Zero 2050 Strategic Initiative. -
Saudi review partnership with Bahrain in green sector
Bahrain targets zero neutrality by 2060 in the country. -
Japan vows billions at Africa investment conference
Japanese Prime Minister Fumio Kishida Saturday pledged $30 billion over three years for Africa in a virtual address to a development conference in Tunis. The eighth Tokyo International Conference on African Development (TICAD8) takes place amid a "complex" international environment caused by the coronavirus pandemic and the war in Ukraine,... -
Saudi Arabia, Malaysia discuss food security
Saudi Arabia and Malaysia discussed cooperation in food security and the promotion of the private sector to benefit from investment opportunities in both the countries. Saudi’s Minister of Environment, Water and Agriculture Eng. Abdulrahman bin Abdulmohsen Al-Fadhli met in Riyadh with Malaysia’s Minister of Agriculture and Food Industries Ronald Kiandee.... -
UN session on high seas biodiversity ends without pact
United Nations member states ended two weeks of negotiations without a treaty to protect biodiversity in the high seas, an agreement that would have addressed growing environmental and economic challenges. After 15 years negotiators on Friday have yet to reach a legally binding text to address the multitude of issues... -
Outgoing UN rights chief urges Putin to stop attack on Ukraine
Bachelet, who steps down at the end of the month, marked the six months since the February 24 Russian invasion by insisting on accountability for serious rights violations in the conflict, some of which may amount to war crimes, she said. Her office has so far documented 5,587 civilians killed... -
ENEC hosts top performing students from Al Dhafra region
The Emirates Nuclear Energy Corporation (ENEC) has hosted a recognition ceremony at the Barakah plant for top-performing students from the 11th and 12th grades in the Al Dhafra region. -
Algeria fires burned UNESCO-listed park: expert
Algeria's northeast was particularly hard-hit since Wednesday in blazes exacerbated by climate change but the fire service said most of the fires there had been put out. -
Algeria fire crews rein in blazes that left 38 dead
Deadly fires have become an annual scourge in Algeria, where climate change has turned large areas of forest into a tinderbox in the blistering summer months. -
Dubai has comprehensive plans to ensure food security: Crown Prince
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum was on a tour of Bustanica, the world’s largest vertical farm that recently opened in Dubai. -
SEWA completes 10-km natural gas line to Al Zubair district
Sharjah Electricity, Water and Gas Authority (SEWA) has completed the implementation of a 10-km line project to connect the natural gas network to Al Zubair District to serve the residents. Amna bin Hadda, Director of the Natural Gas Department, said the natural gas network and pumping stations operate according to... -
Key sectors face changes as UAE eyes net-zero status
As the Gulf country sets aside about US$163bn to achieve zero-emission, the number of enterprises focusing on renewable energy is growing, Simon Birkebaek of BCG tells TRENDS. -
UAE, Germany to cooperate in ecotourism, environment conservation
UAE and Germany have reviewed cooperation on biosphere reserves, ecotourism, and environmental conservation. A delegation from the German Development Cooperation Agency (GIZ) and German conservation NGO Succow Foundation discussed it while meeting members of the UAE’s Ministry of Climate Change and Environment (MOCCAE). MOCCAE, represented by its Biodiversity Department, shared... -
Heatwave causes 1,700 deaths in Spain and Portugal, says WHO
The World Health Organization's European office has said the heatwave baking Europe has caused over 1,700 deaths on the Iberian peninsula alone, calling for joint action to tackle climate change. The true number of deaths linked to the heatwave won't be known for weeks, an official said. -
Are EVs driving towards greener world or uncertainty?
Studies suggest the electric vehicles may not eliminate all emissions even by 2050, particularly those related to mining and battery production. Affordability is also a concern. -
‘Hydrocarbon trade must finance transition to clean energy’
A study in the journal Nature Climate Change found that within this century, parts of the Gulf region could be hit by "unprecedented events of deadly heat as a result of climate change". -
Iraq launches drive to preserve national icon: date palms
Thousands of young date palms, Iraq's national symbol, form lines that extend from the edge of the desert near the central city of Karbala and into the horizon. -
Abu Dhabi EAD launches environmental labeling program
The Environment Agency - Abu Dhabi (EAD) launched the 'Green Industries' environmental labeling program. The program is based on best international practices in the field of eco-labeling.