Five global firms shortlisted in Morocco's controversial Western Sahara energy plans Construction on the multibillion-dollar energy project, based in Dakhla in the disputed territory, is scheduled for completion in 2029. Morocco
Even with MBS absent, Saudi Arabia and UAE poised to make deals at G20 Gulf states will look for agreements and trade deals with partners from South America and elsewhere ahead of US President-elect Donald Trump's inauguration in January. United States
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
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. Morocco
Analysis Even with Greece venture, Egypt's energy hub ambitions remain far off By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Analysis Germany to import Algerian gas, eyes long-term renewables partnership Berlin needs to convince Algiers that green hydrogen production for export is technically feasible and economically viable. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Davos 2024: Green ammonia expansion integral to Morocco’s new hydrogen economy, minister says Morocco's Minister of Energy Transition and Sustainable Development Leila Benali told Al-Monitor in an interview that the COP28 declaration marked the first time an emergence of more inclusive messaging has been seen in official climate text. Morocco
UAE President MBZ in Azerbaijan eyeing energy, investment cooperation Emirati entities have inked several energy deals with Azerbaijan in the past year. Gulf
Israel Katz set to become new Israeli foreign minister in cabinet rotation As part of a coalition government agreement negotiated in 2022, Israel’s government approved the rotation of Israel Katz as the new foreign minister while former foreign minister Eli Cohen will become the new energy minister. Israel
Saudi Arabia’s ACWA Power signs $4B green hydrogen deal in Egypt The second phase of the project could produce 2 million metric tons per year, the statement said, without providing details on the timeline. Egypt
World Bank ups Middle East climate financing to $10B by 2025 The global lender provided $6.3 billion in climate financing for the MENA region between 2021 and 2023, much of it focused on mitigation and adaptation. Gulf
COP28: historic deal agreed for world to ‘transition away’ from fossil fuels The summit stretched into prolonged negotiations over the terminology of the final text, after the “phase out” of fossil fuels was omitted from the draft a day before the scheduled end of the event. United Arab Emirates
China-Saudi Investment Conference begins in Beijing China is Saudi Arabia’s largest trading partner and biggest customer of its primary commodity: crude oil. Saudi Arabia
After US, India, UAE, World Economic Forum expects Brazil to enter green coalition India, the UAE and the United States are part of the First Movers Coalition, a green alliance that Rob van Riet, senior adviser at the WEF's Center for Nature and Climate, told Al-Monitor he hoped Brazil will be the next to join. United Arab Emirates
Saudi Arabia’s ACWA Power to develop green hydrogen project in Indonesia Green hydrogen has potential environmental benefits as well as drawbacks and is being pursued by Saudi Arabia, the United Arab Emirates and other Gulf states. Gulf
UAE’s Masdar signs $16 billion deal for wind, hydrogen projects in US, Germany The UAE is hosting the UN climate change conference amid global calls to reduce dependence on fossil fuels. Gulf
The COP28 scorecard: US leads methane charge, China to slash emissions COP28 President Sultan Al Jaber also announced a deal to cut methane emissions from the fossil fuel industry, with ExxonMobil and Saudi Arabia's state-owned oil firm Aramco being among the 50 businesses that signed up. United Arab Emirates
