INSEAD Day 4 - 728x90

heatwave

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.
  • Tehran, Iran - Iranian authorities have urged residents to limit water consumption as the country grapples with severe shortages amid an ongoing heatwave, local media said Sunday. Water scarcity is a major issue in Iran, particularly in arid provinces in the country's south, with shortages blamed on mismanagement and overexploitation...
  • UN says 70% chance that 2025-2029 average global warming will exceed 1.5C threshold

    The planet is therefore expected to remain at historic levels of warming after the two hottest years ever recorded in 2023 and 2024, according to an annual climate report published by the World Meteorological Organization, the UN's weather and climate agency.
  • Killer heat wave sweeps the globe, hundreds perish

    A punishing heat dome continues to intensify over the northeastern United States, scores of record-high temperatures were matched or broken Wednesday, including in Boston, Cleveland, Buffalo, and Caribou, near Maine’s northern tip. This long-lasting heat wave will continue to scorch the Midwest, Northeast, and Mid-Atlantic into the weekend, reported the...
  • Climate change is slowing heat waves, prolonging misery

    While previous research has found climate change is causing heat waves to become longer, more frequent and more intense, the new paper differed by treating heat waves as distinct weather patterns that move along air currents, just as storms do. For every decade between 1979 to 2020,  researchers found heat...
  • Paris Olympics’ organizers worry heatwave can spell trouble for games

    A new study presenting "climate simulations to anticipate worst-case heatwaves during the Paris 2024 Olympics" has focused minds after it warned that the French capital faced a not insignificant risk of record-breaking high temperatures. The research, published in December in the Npj Climate and Atmospheric Science journal, looked at the risk...
  • Drought, fires threaten Lebanon’s northern forests

    In the wake of a blistering and dry summer, residents of the mountainous Akkar region near the Syrian border are voicing fears about climate change and water scarcity. Akkar was already one of Lebanon's most disadvantaged regions before the national economy imploded in late 2019, plunging much of the population...
  • Migrants lurch between life and death in Tunisia-Libya desert

    In the unbearable midday heat, a Libyan patrol near the border with Tunisia comes across a black African man collapsed on the reddish-brown desert sand. The man is one among hundreds of migrants arriving daily in Libya after being abandoned in the desert borderland by Tunisian security forces, according to...
  • Will climate change hit Mediterranean tourism?

    In Spain, the thermometer has shot 15 degrees above normal summer season levels. Italy has also laboured under heatwaves with the island of Sardinia melting under 48 Celsius while, on Monday, Tunis endured 49C. Tourism plays a key role in the region's economies -- the sector accounts for nearly a...
  • Iraq honey production at the mercy of heat and drought

    Bees thrive in temperatures of around 30-35 degrees Celsius, not in searing heat, when the thermometer climbs to 50, said Aliawi, the manager of a private honey producer. The country has been plagued by scorching summers, declining rainfall and frequent sand storms, while upstream dams have reduced the flow of...
  • Middle East at risk of climate-induced food, water scarcity: Report

    Published only days ahead of the UN climate conference in Egypt, the report titled "Living on The Edge" said, by the end of the century, 80 percent of the densely populated cities in the Middle East and North Africa were likely to suffer from heat waves for at least 50...
  • Climate pledges short of limiting temperature rise to 1.5C: UN Official

    Paris, France - International climate pledges remain far off track to limit rising temperatures to 1.5 degrees Celsius, according to a report released by the United Nations Wednesday, less than two weeks ahead of high-stakes negotiations to tackle global warming. The combined climate pledges of more than 190 nations that signed...
  • 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...
  • 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.
  • ‘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".
  • Climate change 2021: There’s no turning back now

    Dedicated experts at COP26 hailed solid even historic advances in beating back the existential threat of global warming.
  • Most forest fires under control: Algerian authorities

    Algeria is Africa’s biggest country by surface area, and although much of the interior is desert, the north has over four million hectares of forest, which is hit every summer by fires. Last year some 44,000 hectares went up in flames. Firefighters were still struggling on Sunday to put out...