INSEAD Day 4 - 728x90

UN

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
  • 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...
  • Ukraine grain deal extended ‘under current terms’: Turkey

    Ukraine is one of the world's top grain producers, and Russia's invasion of the country blocked 20 million tons of grain in its ports before the United Nations and Turkey brokered the deal in July. On Wednesday, Turkish President Recep Tayyip Erdogan said at a press conference at the G20...
  • 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.
  • UN chief hopeful Russia will extend grain deal

    United Nations Secretary-General Antonio Guterres hoped Russia would extend the deal that gives safe passage to Ukrainian grain shipments. The UN chief, addressing reporters in Bali ahead of a Group of 20 summit, said talks over the last week had delivered "progress" on the deal that is to end on...
  • 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"...
  • 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.
  • UN, Russia hold talks on grain, fertilizer exports

    United Nations chiefs held talks with Russian officials on the Black Sea agreements on exporting grain and fertilizers, eight days before one of the deals is set to expire. UN humanitarian chief Martin Griffiths and Rebeca Grynspan, head of UN trade and development agency UNCTAD met Russian officials led by...
  • Global food import bill to jump to record $1.9 trillion: FAO

    The new forecast would mark "an all-time high", and is due to the depreciating values of currencies against the US dollar -- the main currency of exchange on international markets -- as well as Russia's ongoing war in Ukraine.
  • UN, Russia to discuss black sea deal on grain, fertilizer export

    GENEVA, SWITZERLAND - UN chiefs are to hold talks with Russian officials in Geneva on Friday on the Black Sea agreements on exporting grain and fertilizers, eight days before the deals expire. The UN's humanitarian chief Martin Griffiths and Rebeca Grynspan, head of the UN's trade and development agency UNCTAD,...
  • 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.
  • 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.
  • COP27: Choose climate solidarity or collective suicide, UN chief tells world leaders

    Humanity is in "the fight of our lives" as climate change intensifies droughts, floods and heatwaves, UN chief Antonio Guterres warns world leaders in Egypt.
  • 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...
  • 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.
  • World food prices hold steady in October, says FAO

    World food prices held steady in October, though cereal prices rose over uncertainty of a deal giving safe passage for Ukrainian grains on the Black Sea, a UN agency said. Global food prices have been falling since hitting an all-time high in March in the wake of Russia's invasion of...
  • UNESCO says Yellowstone, Kilimanjaro glaciers can vanish by 2050

    The UN warning followed a study of 18,600 glaciers at 50 World Heritage sites -- covering around 66,000 square kilometers (25,000 square miles) -- which found glaciers at a third of the sites were "condemned to disappear".
  • Six grain ships depart Ukraine ports after Russia rejoins deal

    Moscow had said on Saturday that it was temporarily pulling out of the grain deal, accusing Ukraine of using a safe shipping corridor established under the agreement to launch a drone assault on its Black Sea fleet.
  • 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...
  • Facing criticism, Rishi Sunak reverses his decision to skip COP27 in Egypt

    A U-turn was hinted at on Tuesday when his spokesman said the decision was "under review" and after reports that Boris Johnson would attend.
  • Calls for WC worker compensation fund a publicity stunt: Qatar

    Human rights groups accuse Qatar of under-reporting deaths. The government strongly disputes reports that thousands have died on construction site accidents or from heat-related illnesses in the country's searing summer temperatures.
  • Egypt president invites incoming Brazilian president Lula to COP27

    Luiz Inacio Lula da Silva's victory over climate-skeptic Jair Bolsonaro has raised hopes for the battle against global warming. Election officials in Brazil on Sunday declared leftist Lula won in a run-off against his far-right rival. A spokesperson for Lula told AFP that he "is considering going but has not...
  • ILO says global crises will lead to a fall in labor market

    The war raging in Ukraine and other overlapping crises are taking a toll on labor markets worldwide, the UN said, suggesting a "sharp" slowdown was already underway. In a fresh report, the International Labor Organization said the outlook for global labor markets has deteriorated in recent months. ILO warned that...
  • COP27: Time to move from negotiations and planning to implementation of promises and pledges

    At COP26 countries agreed to deliver stronger commitments this year, including updated national plans with more ambitious targets. However, only 23 out of 193 countries have submitted their plans to the UN so far. The countries must dramatically scale up their efforts to counter the climate crisis, he adds.
  • Russia suspends participation in Ukraine grain deal

    Russia suspended its participation in a pact that allowed grain exports from Ukraine, blaming alleged drone attacks on Russian ships in Crimea. Russia made the announcement after its army accused Kyiv earlier Saturday of a "massive" drone attack on its Black Sea fleet, while Britain rejected Moscow's claims its specialists...
  • UN chief appeals for extension of Ukraine-Russia grain deal

    Calling on "all parties" to make every effort to extend the agreement on Ukrainian grain exports, UN Secretary-General Antonio Guterres has appealed for an extension to the so-called Black Sea deal, signed in July by the UN, Ukraine, Russia and Turkey, allowing more than 9 million tons of Ukrainian grain...
  • ‘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...
  • 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...
  • Arab League welcomes UN report on Israeli conduct in Palestinian territories

    Welcoming the report brought out by the UN Independent International Commission of Inquiry, the Arab League has praised the efforts and the findings of the report, documenting Israeli violations against Palestinians, and holy sites in the occupied Palestinian territories.
  • Western powers call for UN probe of Iran drones in Ukraine

    Several Western countries are calling for an "impartial" investigation into Iranian drones they say Russia is using in the war in Ukraine. In their letter, France, Britain and Germany said they would "stand ready to support the work of the Secretariat in conducting its technical and impartial investigation."
  • EU seeks new sanctions on Iran for drones supply to Russia

    The hardening EU stance towards Tehran appeared to bury deeper hopes of reviving a 2015 Iran nuclear deal, which has been eroded since then-president Donald Trump withdrew US support in 2018. EU foreign policy chief Josep Borrell has been trying to bring the US and Iran back into full compliance...
  • US warns of sanctions over Iran drone ties after Kyiv strikes

    State Department spokesman Vedant Patel told reporters that Russia deepening an alliance with Iran is something the whole world, especially those in the region and across the world, frankly should be seeing as a profound threat. Ukrainian officials said that the strikes killed four people in Kyiv and knocked out...
  • Egypt court cuts sentence of Ismail Alexandrani, security expert

    Advocacy groups say there are currently about 60,000 political prisoners in the country, an issue that rights groups hope to raise at the United Nations COP27 climate summit, which will open on November 6 in Egypt.
  • UN says Ukraine war pushes 4m children into poverty

    Paris, France— Russia's invasion of Ukraine and the resulting economic fallout have thrown four million children into poverty across eastern Europe and Central Asia, the UN children's agency said Monday. "Children are bearing the heaviest burden of the economic crisis caused by the war in Ukraine," UNICEF said. The conflict "and...
  • New UN Libya envoy Abdoulaye Bathily starts work in Tripoli

    Tripoli, Libya—The United Nations' new Libya envoy, Abdoulaye Bathily, took up post in Tripoli Friday, vowing to work towards elections in the North African country, rocked by over a decade of conflict. "I arrived in Tripoli today to assume my functions as the special representative of the secretary general for Libya...
  • UN says half the world unprepared for disasters

    The UN agencies for weather and for disaster risk reduction found countries with poor early warning systems on average see eight times greater mortality from disasters than countries with strong measures.
  • Moroccan dissident on new hunger strike over travel ban

    Known for his criticism of the authorities, Monjib was sentenced in January last year to 12 months in prison, after a trial opened in 2015 and was repeatedly postponed.
  • Tunisian coastguard intercept about 200 migrants

    Nearly 200 migrants attempting to reach Europe across the Mediterranean Sea were intercepted by Tunisian coastguards over the weekend. In what is being called "rescues" the authorities launched nine separate operations off the southern and north-eastern coast to bring them to the shore.
  • UN terms detention of Moroccan journalist “arbitrary”

    The UN experts said publishing the column was a matter of freedom of expression, and concluded that he had been "detained for peacefully exercising that right".
  • 54 poor nations urgently need debt relief: UN

    The agency's report, published ahead of meetings of International Monetary Fund, the World Bank, and also of G20 finance ministers in Washington, highlighted the need for swift action. But UNDP chief Achim Steiner told reporters in Geneva that despite repeated warnings, "little has happened so far, and the risks have...
  • Oxfam says world failing to address ‘dangerous’ inequality

    The UN and Oxfam have previously decried the unequal distribution of vaccines from richer Western countries to lower-income ones, particularly in Africa, putting lives at risk.
  • Freed Iranian singer appears in video for first time

    The singer, who rose to fame for his song "Baraye", denied any links to any "movement or organization outside the country" and said his song was only meant to "express solidarity with the people".
  • UN denounces ‘heinous killing’ of migrants in Libya

    Accusing smugglers of being behind the "heinous killing" of 15 migrants near the Mediterranean coastal city of Sabratha, the United Nations mission in Libya said the bodies were found on a beach with most of them burned inside a charred boat. It called for a swift investigation to bring "all...
  • Israel launches manhunt for east Jerusalem checkpoint attacker

    Hours after two Palestinian teenagers were shot dead in an Israeli raid in the occupied West Bank, Israeli troops were looking for an assailant who killed a soldier at an east Jerusalem checkpoint. The soldier had been "killed as a result of being critically injured by a shooting attack" in...
  • Moroccan nomads’ way of life threatened by climate change

    Rainfall in Morocco is set to decline by 11 percent and average temperatures are set to rise by 1.3 percent by 2050, according to forecasts from the Ministry of Agriculture.
  • Fed up of perennial power cuts, Gaza turns to solar

    For most of Gaza's 2.3 million residents, living under a 15-year-old Israeli blockade, power cuts are a daily fact of life that impact everything from homes to hospital wards.
  • Afghan students rally in Herat after classroom attack

    Hundreds of students were taking tests training for university admission, and the United Nations said at least 35 were killed and another 82 wounded, with most of the casualties being girls and young women.
  • Houthi rebels warn Yemen truce at “dead end”

    A day before the UN-mediated truce is to expire, Houthi rebels have warned that the ceasefire in Yemen is at "a dead end". The temporary ceasefire that took effect in April has allowed for some humanitarian measures as the warring sides have by and large adhered to the truce.
  • Dozens of aid groups urge Yemen ceasefire extension

    Ahead of the truce's current expiration date on Sunday, 44 aid agencies issued a joint statement to "remind all parties to the conflict that the future of the people of Yemen is in their hands".