Saudi Aramco CEO warns of 'painful awakening' as energy costs rise Amin Nasser said that green energy would not replace oil as demand for crude continues to grow, especially from the Global South. Saudi Arabia
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. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
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. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
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. Saudi Arabia
Analysis Despite green energy deal blitz, Middle Eastern climate efforts fell flat in 2024 By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
On visit to Algeria, France’s Macron advances post-colonial reconciliation The presidents of France and Algeria signed Aug. 27 a pact for a new partnership between the two countries, announcing the setting up of a joint historian commission to explore the colonial period, alleged French crimes and the bloody eight-year independence war. Algeria
Israel to invest more in Egyptian renewable energy projects Israel plans to invest more in the field of power generation with renewable energy in Egypt, after two Israeli companies announced a major plan to carry out several projects to this effect. Egypt
UAE non-oil trade increases as Gulf state seeks reduced oil dependence The news follows trade agreements the Gulf state made with Israel and India. United Arab Emirates
Saudi Arabia strengthens ties with Uzbekistan via wind power, investment deals Uzbekistan’s relations are also improving with the United Arab Emirates and Israel. Gulf
Israel, Turkey to reappoint ambassadors, opening new chapter in relations After 20 months of courtship, Jerusalem now believes Ankara and Turkish President Recep Tayyip Erdogan are sincere in their efforts to rehabilitate bilateral ties. Israel
Egypt to mobilize investments for climate projects ahead of COP27 The first regional forum organized by the Egyptian presidency of the UNFCCC COP27, among five forums aimed at encouraging investment in climate action, kicked off in Addis Ababa Aug. 2. Egypt
Syria and North Korea discuss repairing Syrian engineering and industrial sectors Syrian industry has experienced substantial losses as a result of the war between government and rebel forces. Syria
Another solar project completed in Syria Solar power is slowly growing in both government and rebel-controlled parts of Syria. The war-torn country suffers from electricity cuts. Syria
Saudi Arabia-China relations strengthen with Aramco-Sinopec deal The ties between China and Saudi Arabia are largely based on trade and energy cooperation. Saudi Arabia
Hezbollah, Israel tensions heat up over border US-led mediation over Israel's maritime borders with Lebanon complicated by border tensions with Israel. Israel
Iraqi company to build solar-powered street lights The Iraqi government is making efforts to develop solar energy. The country suffers from widespread power cuts. Iraq
Israel, US, India, UAE hold virtual summit on food security, clean energy During US President Joe Biden's trip to Israel, the leaders the two countries met virtually with those of India and the United Arab Emirates to discuss food security and clean energy. Israel
