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Trio for Transformation: UAE, Azerbaijan, and Brazil Join Forces to Combat Climate Change

The United Arab Emirates (UAE), which holds the presidency of the upcoming Conference of the Parties (COP28) on climate change, has announced a significant collaboration with Azerbaijan and Brazil, the future hosts of COP29 and COP30 respectively. This “troika” initiative aims to solidify international efforts in achieving the critical goal of limiting global warming to 1.5 degrees Celsius (°C). The urgency of this mission stems from the […]

TUMI Broadens Asia-Pacific Travel Retail Footprint

New stores in Korea’s Incheon International Airport and Thailand’s Suvarnabhumi Airport are among several recent and upcoming openings across the region HONG KONG SAR – Media OutReach Newswire – 16 May 2024 – TUMI, the leading international travel, lifestyle and accessories brand, is redefining and reinvigorating travel retail with an expanded and refreshed presence at major international airports throughout Asia. The store openings on May 1, 2024 […]

Turning Salt Seas to Fresh Solutions: Desalination and the Fight for Water Security

Water scarcity is a growing threat for billions worldwide. As climate change disrupts rainfall patterns and populations boom, our access to freshwater is becoming increasingly precarious. One potential solution lies in a technology that has been around for centuries, but is undergoing a modern renaissance: desalination. Desalination refers to the process of removing salt from seawater, turning it into a usable source of freshwater. There are two […]

PolyU study reveals effectiveness of GBGI infrastructure in mitigating urban heat, proposing nine-stage framework for development of a sustainable city

HONG KONG SAR – Media OutReach Newswire – 16 May 2024 – Primarily due to the impact of urbanisation and global warming, urban heatwaves have become a challenging issue worldwide, with Hong Kong persistently experiencing record-breaking high-temperature days. Mitigating urban heat through green and blue infrastructures is essential for creating a sustainable environment. Prof. Hai GUO, Professor of the Department of Civil and Environmental Engineering at The […]

Green Dreams Need Green Light: IRENA Report Cautions on Attaining COP28’s Renewable Ambitions

The International Renewable Energy Agency (IRENA) released a report today casting a bittersweet light on the ambitious renewable energy goals set at COP28. While achieving a threefold increase in renewable power capacity by 2030 is technically and economically possible, IRENA stresses the urgency of overcoming significant roadblocks to reach this target. The report, titled “Tracking COP28 outcomes: Tripling renewable power capacity by 2030,” acknowledges the positive momentum […]

Johnson Electric reports results for the year ended 31 March 2024

Highlights of FY23/24 Results For the financial year ended 31 March 2024, total sales amounted to US$3,814 million – an increase of 5% compared to the prior year Gross profit totalled US$851 million – an increase of 19% EBITA, adjusted to exclude non-cash foreign exchange rate movements and restructuring charges, increased by 56% to US$343 million or 9.0% of sales (compared to 6.0% of sales in FY22/23) […]

South Asian Skies Clouded by Pollution: Bangladesh, Pakistan, India Lead in Unhealthy Air

A recent report by IQAir, a Swiss air quality technology company, paints a concerning picture for South Asia. The 2023 World Air Quality Report reveals Bangladesh, Pakistan, and India as the countries burdened with the world’s most polluted air. These nations grapple with particulate matter (PM2.5) concentrations significantly exceeding the World Health Organization’s (WHO) recommended safe limits. PM2.5 refers to fine, inhalable particles less than 2.5 microns […]

Purkayastha Arrest: There Is More Than Technicalities At Stake

Telecoming slated to join Telecoms World Middle East 2024

DUBAI, UAE – EQS Newswire – 16 May 2024 – Telecoming, sportech company specializing in developing and distributing mobile experiences for sports and entertainment, will take part, for the second year in a row at Telecom World Middle East 2024, scheduled for May 28-29. The company’s involvement in the event is part of a strategic initiative aimed at strengthening its presence in the region by partnering with […]

UAE Sovereign Fund Joins Bid to Take Malaysia Airports Private

  The Abu Dhabi Investment Authority (ADIA), the sovereign wealth fund of the United Arab Emirates, has joined a consortium aiming to privatize Malaysia Airports Holdings Berhad (MAHB). The consortium, known as the Gateway Development Alliance, submitted a pre-conditional voluntary offer to acquire all remaining shares in MAHB for a total of $3.9 billion. This move comes as Malaysia seeks to raise capital and potentially improve the […]

Saudi Arabia Unveils Green Financing Tool to Steer Sustainability Drive

In a significant stride towards its environmental goals, Saudi Arabia has launched a Green Financing Framework. This initiative, spearheaded by the Ministry of Finance, aims to propel the nation’s sustainability agenda and achieve net-zero emissions by 2060. The framework aligns with the principles of a circular carbon economy, underscoring Saudi Arabia’s commitment to environmental stewardship and responsible development. The Green Financing Framework serves as a roadmap for […]

DBS Hong Kong and Sanfield Pave the Way for Green Construction with a Pioneering Sustainability-linked Supplier Payment Services Program

First of its kind in Hong Kong’s construction industry to drive ESG initiatives HONG KONG SAR – Media OutReach Newswire – 16 May 2024 – DBS Bank (Hong Kong) Limited (“DBS Hong Kong”) and Sanfield (Management) Limited (“Sanfield”) today announced the launch of pioneering Sustainability-linked Supplier Payment Services (“SPS”) for the Hong Kong construction industry. The SPS program marks a significant milestone in extending environmental, social and […]

Andertoons by Mark Anderson for Thu, 16 May 2024

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Egypt Receives $14 Billion Boost for Ras Al-Hikma Development

  Egypt’s ambitious development plans for the Ras Al-Hikma peninsula received a significant shot in the arm with a second payment of $14 billion from the United Arab Emirates (UAE). This latest installment is part of a monumental $35 billion deal between Egypt and Abu Dhabi’s sovereign wealth fund, ADQ, to transform the 200-kilometer stretch of coastline west of Alexandria. The agreement marks one of the largest […]

UAE issues 10-year visa for environment activists

Arabian Post Staff The United Arab Emirates (UAE) has introduced a new visa program aimed at attracting and retaining individuals who significantly contribute to environmental protection. The “Blue Residency” visa offers a ten-year residency permit to those making exceptional efforts towards environmental sustainability. This initiative aligns with the UAE’s designation of 2024 as the “Year of Sustainability.”     Sheikh Mohammed bin Rashid Al Maktoum, the UAE’s […]

XTransfer Joins the Middle East Delegation of Hong Kong SAR

Explores Local Development Opportunities HONG KONG SAR – Media OutReach Newswire – 16 May 2024 – XTransfer, World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, was invited to join the Hong Kong SAR delegation to visit the Middle East last week. The visit aimed to engage in discussions with local governments and financial institutions, exploring financial cooperation and development between Hong Kong and the Middle […]

Long-Term UAE Residency Visa for Environmental Champions

The United Arab Emirates (UAE) has introduced a new visa program designed to attract and retain individuals who significantly contribute to environmental protection. The 10-year Blue Residency visa aims to solidify the UAE’s commitment to sustainability, designated as a key focus for 2024 by the nation’s president. Announced during a cabinet meeting led by Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of […]

Emissions Trading Poised to Accelerate Global Shift to Clean Energy

The International Energy Forum (IEF) has released a report highlighting the pivotal role carbon markets can play in facilitating the world’s transition to clean energy. Entitled “The Role of Carbon Markets in Transitions,” the report underscores the potential of these markets to expedite efforts towards achieving net-zero emissions and ensuring universal access to affordable and reliable energy, aligning with the goals outlined in the Paris Agreement. Joseph […]

Stagnant Saunas: Study Finds Climate Change Slowing Heat Waves, Lengthening Scorching Periods

Heat waves, once unwelcome guests that arrived with a bang and left with a bluster, are morphing into stagnant saunas thanks to climate change. A new study published in Science Advances reveals a concerning trend: heat waves are losing their hustle, lingering over regions for longer periods and intensifying the misery they bring. Previous research painted a grim picture of heat waves – becoming more frequent, intense, […]

VinFast customers to access extensive network of 700,000 charging points across Europe

PARIS, FRANCE – Media OutReach Newswire – 15 May 2024 – VinFast Auto (Nasdaq: VFS) today announced the signing of a cooperation agreement with Bosch, one of the leading global suppliers of automotive technology and services, giving VinFast customers in Europe access to Bosch’s extensive network of 700,000 charging points in 30 European countries and providing them with the freedom and convenience to travel across Europe with […]

Mubadala Energy Strikes Big in Indonesia with Second Gas Discovery

Energy company Mubadala Energy has scored another significant win offshore Indonesia, announcing a major gas discovery at the Tangkulo-1 exploration well. This find comes just months after the company’s success at the Layaran-1 well in the same region, solidifying the South Andaman Block as a key player in Southeast Asia’s energy scene. The Tangkulo-1 well, drilled to a depth of 3, 400 meters in 1, 200 meters […]

Vianode’s Sustainable Graphite Claims Substantial Carbon Footprint Reduction

Vianode, a company specializing in innovative battery materials, has announced promising results from a Life Cycle Assessment (LCA) on their upcoming large-scale production of sustainable anode graphite. The LCA, a comprehensive analysis of a product’s environmental impact throughout its lifecycle, indicates Vianode’s method significantly reduces greenhouse gas emissions compared to traditional production processes. The key finding of the LCA is the remarkably low climate change impact associated […]

OceanX and Indonesia Launch Mission to Explore the Marine Wonders of Indonesia

Global ocean exploration nonprofit sets sail in Indonesia on a first-of-its-kind Southeast Asian mission that combines science, education, and media to support the advancement of ocean science and marine education in the region, contributing to the battle against climate change. BALI / JAKARTA, INDONESIA- Media OutReach Newswire – 15 May 2024 – Global ocean exploration nonprofit OceanX, together with the Coordinating Ministry of Maritime Affairs and Investment […]

InSinkErator and Emirates Environmental Group Join Forces for a Greener UAE

In an effort to combat climate change and promote a more sustainable future, InSinkErator, a leading manufacturer of food waste disposers, has announced a collaborative tree-planting initiative with the Emirates Environmental Group (EEG). This partnership reflects InSinkErator’s commitment to environmental responsibility and aligns with the UAE’s ongoing efforts towards a greener future. The initiative will see InSinkErator partnering with EEG, a prominent UAE-based environmental organization, to plant […]