• The GCC Financial Forum 2019
World ‘way off course’, UN warns at crunch climate summit

World ‘way off course’, UN warns at crunch climate summit

The world is “way off course” in its plan to prevent catastrophic climate change, the United Nations warned yesterday as nations gathered in Poland to chart a way for mankind to avert runaway global warming. After a string of damning scientific reports showing humanity must drastically slash its greenhouse gas emissions within the next decade, UN Secretary-General Antonio Guterres told delegates at the opening of a UN climate summit: “We are still not doing enough, nor moving fast enough”.

The Paris deal saw nations agree to limit global temperature rises to below two degrees Celsius (3.6 Fahrenheit) and under 1.5C if possible.  Officials from nearly 200 countries now have two weeks to finalise how those goals work in practice, even as science suggests the pace of climate change is rapidly outstripping mankind’s response.

One of the key disputes is finance. Under Paris, richer nations -- responsible for the majority of historic greenhouse gas emissions -- are expected to contribute funding that developing nations can access to make their economies greener. But US President Donald Trump’s decision to withdraw from the Paris accord has dented trust among vulnerable nations, who fear there is not enough cash available to help them adapt to our heating planet.




Palladium tops $1,500

Palladium tops $1,500

Precious metal palladium yesterday reached above $1,500 per ounce for the first time in trading thanks to supply deficit worries, according to analysts. Palladium hit $1,504.52 per ounce from $1,480.15 late on Tuesday. It later yesterd

ABG reports profit of US $129 million

ABG reports profit of US $129 million

Al Baraka Banking Group (ABG) reported increases in income, with a 4 per cent increase in net operating income, a 5pc rise in total net income, as net income attributable of shareholders remained unchanged compared to the year 2017. Th


Khloe breaks up with Tristan

Khloe breaks up with Tristan

American reality star Khloe Kardashian has called it quits with NBA player Tristan Thompson, just 10 months after the two welcomed their daughter. E! News confirmed recently that the couple has split up. This comes right around the sam

Palladium tops $1,500

Palladium tops $1,500

Precious metal palladium yesterday reached above $1,500 per ounce for the first time in trading thanks to supply deficit worries, according to analysts. Palladium hit $1,504.52 per ounce from $1,480.15 late on Tuesday. It later yesterd

ABG reports profit of US $129 million

ABG reports profit of US $129 million

Al Baraka Banking Group (ABG) reported increases in income, with a 4 per cent increase in net operating income, a 5pc rise in total net income, as net income attributable of shareholders remained unchanged compared to the year 2017. Th