Global Perspectives & Leisure
OPEC Fund Calls for Coordinated Climate Financing to Accelerate Country-Led Projects
The OPEC Fund says stronger partnerships, country ownership and innovative financing instruments are critical to unlocking private capital and turning climate commitments into development projects
IFAD Announces Climate Adaptation Bond to Mobilise Funding for Small-Scale Farmers
The initiative comes as small-scale farmers face growing exposure to climate change, despite receiving only a small proportion of available climate finance
OPEC Fund Urges Stronger Project Preparation to Unlock Climate Finance in Emerging Markets
The OPEC Fund for International Development is urging development finance institutions to do more than provide capital, calling for stronger project preparation and risk-sharing mechanisms to make climate investments in…
OPEC Chief Says Electrification Will Sustain Demand for Oil-Based Products
The expansion of electrification would require more plastics, polymers, cables, chargers and other materials made from petroleum
Climate Adaptation Could Lift Labour Income by Equivalent of 150 Million Jobs by 2050, World Bank Says
The Bank estimates that adaptation measures could increase labour income by the equivalent of 35 million jobs
World Bank Warns Weak Climate Governance Threatens Economic Growth Across 103 Economies
Projected economic losses from climate impacts range from 1% to 20% of gross domestic product by 2050 under current policies in the economies assessed
Heavy Debt Makes Healthy Food Harder to Afford During Global Shocks
The World Bank finds that heavily indebted countries face greater difficulty protecting households from rising food costs during global crises.
Emirates Group Sustains Profitability Despite Gulf Conflict, Soaring Fuel Costs
Emirates Group maintained a AED4.1 billion half-year profit despite Gulf airspace disruptions and higher fuel costs, supported by cargo revenue growth.
Wall Street Loses $3.2 Trillion as AI Stocks Suffer Biggest Rout Since Pandemic
US technology shares plunge as Democratic election victories raise concerns over data centre expansion and the future of artificial intelligence investment.
AI Investment Concentrated in Mega-Projects as Broader Greenfield Activity Slows
A handful of semiconductor and data-centre investments are sustaining high capital commitments, even as the number of new projects declines across major industries
