Thursday 18 September 2014
 
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Small island states seek economic overhaul

Small island states facing a "frightening" rise in sea levels will seek investments in everything from solar energy to fisheries to boost their economies at a UN summit next week. Leaders will meet in Samoa in the Pacifi

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RAK Petroleum posts $15.81m net profit

RAK Petroleum Public Company, the energy investment company, has announced a net profit of Dh58.1 million ($15.81 million) for the year ended December 31, 2013, marking a fifth consecutive year of profitability. The company’

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Emirates to launch daily flights to Hungary

Dubai-based Emirates airline is set to commence services to Hungary from October 27 with a daily flight to the capital Budapest.   The airline will offer 278 seats per day on the Dubai-Budapest route, operating a

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Norway eyes oil drilling around Arctic islands

Norway took a major step towards opening up an environmentally sensitive Arctic area to oil and gas exploration when the ruling Labour Party gave the go-ahead on Sunday for an impact study. Exploration in the waters around the Lof

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Biofuels not so green?

Green schemes to fight climate change by producing more bio-fuels could actually worsen a little-known type of air pollution and cause almost 1,400 premature deaths a year in Europe by 2020, a study showed on Sunday. The report sa

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'Peak farmland' is here, crop area to diminish

The amount of land needed to grow crops worldwide is at a peak, and a geographical area more than twice the size of France will be able to return to its natural state by 2060 as a result of rising yields and slower population growth, a group of

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Indian monsoon may fail more due to climate change

The Indian monsoon is likely to fail more often in the next 200 years threatening food supplies, unless governments agree how to limit climate change, a study showed on Tuesday. The monsoon rains could collapse about every fifth y

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UN urges fishing fleets to halt ‘ocean grabbing’

"Ocean grabbing" or aggressive industrial fishing by foreign fleets is a threat to food security in developing nations where governments should do more to promote local, small-scale fisheries, a study by a UN expert said on Tuesday.

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Oslo 'most costliest city, Delhi, Mumbai cheapest'

Oslo is the most expensive city in the world, ahead of Zurich and Tokyo, but the well-paid residents of the Swiss financial hub enjoy the greatest purchasing power, said a study. The annual survey of 72 cities by Swiss bank UBS fo

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Rising chemicals a hazard, clean-up by 2020

Increasing misuse of chemicals is causing health and environmental damage especially in emerging economies and governments must do more to carry out a promised clean-up by 2020, a United Nations report said on Wednesday. Productio

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