Half of Europe’s Population Could Face Extreme Heat Risk by 2050: WMO

Geneva: The World Meteorological Organisation (WMO) has warned that an exceptional heatwave is currently affecting vast regions across Europe, North America, North Africa, the Middle East, and Central Asia, with temperatures significantly exceeding seasonal norms. In a report released today in Geneva, the WMO stated that rising urban temperatures are increasing heat stress and mortality rates. According to Emirates News Agency, the organisation cautioned that by 2050, up to half of Europe’s population could face severe risks from extreme heat, particularly in the southern, eastern, and western parts of the continent. The WMO attributed the ongoing heatwave to climate change

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Mansour Bin Zayed Restructures Board of Al Jazira Football Company

Abu dhabi: His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, and President of Al Jazira Sports and Cultural Club, has issued a decision to restructure the Board of Directors of Al Jazira Sports Football Company. According to Emirates News Agency, the new board will be chaired by Mohamed Hamad Ghanem Al Muhairi. The board members include Sultan Dhahi Al Humairi, Tareq bin Hazim Al Muhairi, Hamad Ali Al Shibibi, Ahmed Obaid Al Dhaheri, and Shamsa Jaber Al Falasi. The board’s term will extend for three years from the date

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Korea’s Exports Rise 4.3% in June Driven by Semiconductor Demand

Seoul: Korea’s exports saw a 4.3 percent increase in June compared to the same period last year, reaching $59.8 billion. This growth was attributed to strong global demand for semiconductors, marking a recovery from a decline in exports seen the previous month. According to Emirates News Agency, data from the Ministry of Trade, Industry and Energy indicated that this positive trend in June was accompanied by a 3.3 percent rise in imports, totaling $50.72 billion. This resulted in a trade surplus of $9.08 billion for the month. Notably, semiconductor exports surged by 11.6 percent, hitting a record high of $14.97

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GCC States Call for Gradual, Balanced Transition to Climate Action

Geneva: The Gulf Cooperation Council (GCC) member states on Monday underscored the need for a gradual and balanced transition in addressing climate change, particularly in the phase-out of fossil fuels from national economies. They emphasized that such a transition must preserve development gains and enable countries to implement climate policies tailored to their national circumstances and priorities in accordance with the principle of common but differentiated responsibilities and respective capabilities. According to Emirates News Agency, this statement was delivered by the Permanent Representative of the State of Kuwait to the United Nations and other international organizations in Geneva, Ambassador Nasser

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‘Sharjah Social Empowerment’ Receives Donation from Sultan of Dawoodi Bohra Community

Sharjah: The Sharjah Social Empowerment Foundation (SSEF) has received a donation from the Sultan of the Dawoodi Bohra community to support its endowment project ‘Prophet’s Neighbours,’ which aims to provide sustainable resources for the care and empowerment of orphans. According to Emirates News Agency, this gesture comes within the framework of community-giving initiatives and the promotion of human solidarity values. It reflects the Dawoodi Bohra community’s ongoing commitment to supporting charitable efforts worldwide and strengthening cooperation with humanitarian institutions in the UAE. These efforts align with the wise leadership’s directives to empower various segments of society and build a more

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Somali Army Kills 19 ‘Al-Shabaab’ Militants

Mogadishu: Nineteen al-Shabaab militants were killed in a clash with the Somali army forces. According to Emirates News Agency, the operation supported by international partners, took place on Monday in the Baqooqaha area, approximately 13km west of Bulo Xaaji in the Lower Juba region, the agency reported.

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China’s Bond Market Issuances Surge to 7.2 Trillion Yuan in May

Beijing: Data from the People’s Bank of China showed that bond issuances in China reached approximately 7.2 trillion yuan (around US$1 trillion) in May 2025. According to Emirates News Agency, treasury bond issuances totaled 1.49 trillion yuan, while local government bond issuances amounted to 779.44 billion yuan. Financial bond issuances stood at 1.22 trillion yuan, and corporate credit bond issuances reached 902.27 billion yuan. Outstanding bonds held in custody came in at 187.2 trillion yuan at the end of May.

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Mubadala Acquires 30% Stake in Loscam International

Abu dhabi: Mubadala Investment Company has announced its agreement to acquire a 30 percent stake in Loscam International, a company providing pallet pooling and returnable packaging solutions in the Asia-Pacific region. According to Emirates News Agency, Mubadala will join the current shareholder group, which includes Trustar Capital, the private equity arm of CITIC Capital Holdings Limited; FountainVest, an independent private equity firm in Asia; and Sinotrans Limited, part of China Merchants Group. Loscam, headquartered in Hong Kong, operates in 12 countries and regions across the Asia-Pacific region, including Australia, New Zealand, Southeast Asia, and Greater China. The company delivers pooling

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