Clean energy

Saudi Finance Minister Mohammed al-Jadaan attends a session on the closing day of the World Economic Forum (WEF) annual meeting in Davos, on Jan. 19, 2024.

Exclusive

Saudi finance minister hints kingdom could meet 2030 renewables target early

On Monday, the kingdom commissioned its largest battery energy storage system to its grid, with a capacity of 500 megawatts and the ability to store 2,000 megawatt hours of electricity.

In Bristol, reporting on regional business, climate change, AI, tech

KARIM SAHIB/AFP via Getty Images

Exclusive

Global renewables surge forward despite Trump’s climate reversals, says IRENA chief

Although Gulf countries are still heavily reliant on oil and gas, they are quickly moving toward a greener system, International Renewable Energy Agency head Francesco La Camera told Al-Monitor.

In Bristol, reporting on regional business, climate change, AI, tech

Traders sit below the stock market screens at the Dubai Financial Market, United Arab Emirates, Sept. 16, 2019.

Gulf wealth funds propel Middle East deals in 2024

The Gulf region continued its trajectory toward becoming a global investment powerhouse as sovereign wealth funds fed capital into AI, clean energy, entertainment, sports, start-ups and tourism.

FAYEZ NURELDINE/AFP via Getty Images

Analysis

Despite green energy deal blitz, Middle Eastern climate efforts fell flat in 2024

This year saw significant progress in the Middle East and North Africa's renewable energy growth, but the transition from fossil fuels remains an elusive goal.

In Bristol, reporting on regional business, climate change, AI, tech

Latest News

UAE's AMEA Power commissions Egypt's largest solar plant

Fujairah solar plant

UAE to host world's largest production plant for certain bioplastics

UAE free trade zone

United Arab Emirates

Five global firms shortlisted in Morocco's controversial Western Sahara energy plans

An aerial view of the solar mirrors at the Noor 1 Concentrated Solar Power plant, some 20 kilometers (12.5 miles) outside the town of Ouarzazate, central Morocco, Feb. 4, 2016.

Even with MBS absent, Saudi Arabia and UAE poised to make deals at G20

MAURO PIMENTEL/AFP via Getty Images

A picture shows the headquarters of UAE's state oil company ADNOC in Dubai on July 27, 2022.

UAE's ADNOC doubles down on gas, allocating $15B over next 5 years

In a Monday statement ADNOC Gas said it had raised its capital expenditure plan to around $15 billion for the next five years, from about $13 billion.

United Arab Emirates

A flare stack burns excess emissions at the Algiers refinery complex in the Algerian capital's southeastern suburb of Baraki, on Feb. 24, 2022.

Middle East businesses lack clear climate guidelines, WEF report warns

Middle Eastern and North African companies face increasing pressure from investors, regulators and global markets to strengthen transparency and adopt more sustainable business models.

Saudi Aramco in 'advanced' talks on hydrogen offtake as Q3 income drops 15.3%

Aramco's Q3 net income fell 15.3% to $27.6 billion on low oil prices. Aramco is looking to expand into new business areas such as renewables and hydrogen.

Morocco's King Mohammed VI (C-R) and France's President Emmanuel Macron (C-L).

France, Morocco ink over $10B in deals during Macron visit

King Mohammed VI welcomed Macron to Morocco as part of a three-day visit by the French president in which around 20 deals were agreed upon.

HOLMES CHAN/AFP via Getty Images

Saudi Arabia's NEOM attracts $16B in private financing over 2 years

Saudi Arabia's flagship sustainability project has attracted substantial private investments and is looking for more.

This picture taken on Feb. 6, 2023, shows a view of the Tibbin dual fuel (natural gas and fuel oil) powerplant and Helwan Steelworks, in the Helwan suburb south of Egypt's capital, Cairo.

Analysis

Even with Greece venture, Egypt's energy hub ambitions remain far off

Egypt's key gas field has seen a slump in output while Cairo continues to import more gas from other countries such as Cyprus and Israel.

In Bristol, reporting on regional business, climate change, AI, tech

An Emirati man walks in front of the stand of Masdar City at the World Future Energy Summit exhibition in Abu Dhabi on Jan. 18, 2012.

Masdar acquisition of Terra-Gen stake builds on UAE-US renewable energy ties

The UAE and the US launched a renewable energy partnership in 2022 with the view of deploying 100 GW of clean energy globally by 2035.

United Arab Emirates

The photo shows a tank for carbon dioxide of chemical company Covestro AG at their at their plant in Dormagen, western Germany, on Feb. 11, 2020.

UAE's ADNOC seals $16B deal to buy German chemical firm Covestro

The deal is set to be the largest takeover ever by a Middle Eastern company of a European firm.

United Arab Emirates

Migrant builders take a break while working at a construction site by the Corniche, in Doha, on Nov. 24, 2022, during the Qatar 2022 World Cup football tournament.

What's behind the UAE's visa amnesty scheme?

As part of the United Arab Emirates' large-scale amnesty scheme, migrants in the country illegally who have secured jobs can apply for fresh visas, while others will be allowed to leave without facing penalties.

United Arab Emirates

A general view shows the ADNOC Facility in Fujairah on November 28, 2023. Using novel technology developed by Omani start-up 44.01, the solar-powered plant will suck carbon dioxide from the air, dissolve it in seawater and inject it deep underground, where it will mineralise over a period of months. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

Why UAE's ADNOC is investing in Exxon's Texas hydrogen plant

Abu Dhabi's state-run oil company is taking a stake in ExxonMobil's major new low-carbon hydrogen and ammonia plant, its second foray into the Texas energy industry.

United Arab Emirates

YASSER AL-ZAYYAT/AFP via Getty Images

Kuwait explores renewable energy with Austrian company

Kuwait's agreement with Burgenland Energie reinforces country's willingness to explore foreign partnerships to develop its nascent clean energy sector.

A picture taken on July 14, 2022, ahead of a visit by the United States president to Saudi Arabia, shows hostesses in a car manufactured by US electric vehicle maker Lucid Group.

Analysis

Will Saudis’ $1.5B cash infusion help Lucid compete with Tesla?

The Saudi-backed electric vehicle maker Lucid has never been profitable, but the kingdom remains strategically committed to it amid the growing EV market in the Gulf.

Adam Lucente

By Adam Lucente , Jack Dutton