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
UAE continues renewable energy push with Azerbaijan deal The two countries will work to develop power from wind, solar and green hydrogen sources. Gulf
Egypt grants new incentives to foreign investors The Egyptian government announced the granting of a special license to foreign investments in three specific fields, which expedites procedures to implement projects, as part of efforts to revive the ailing economy in the country. Egypt
Analysis Explainer: Waste-to-energy plant opens in UAE Masdar's new facility in the Emirati city of Sharjah will burn garbage to produce electricity. Some observers believe the process is relatively harmful to the environment due to its carbon emissions, but others say it is a good way to reduce landfill waste. By Adam Lucente In New York City, reporting on regional news, militancy, climate change
Israeli legislator promotes cooperation with Palestinians on climate Knesset committee chair Emilie Moatti is hosting meetings on cooperation with Palestinians in the fields of water treatment, climate change, agriculture and environmental protection. Israel
Morocco to ramp up green hydrogen production While the industry is still in its infancy, the need to develop sustainable energy sources is becoming more pressing for the country. Morocco
Egypt invests more than $1 billion in green projects ahead of COP27 Egypt is expanding its implementation of green projects ahead of hosting the 2022 UN Climate Change Conference. Egypt
Global energy crisis opens possibilities for Israeli natural gas Experts say that the global energy crisis is exactly the moment when Israel must expand its natural gas export quotas. Israel
Abu Dhabi’s Mubadala to develop electric car charging stations with France’s ENGIE The UAE is in the early stages of a transition from oil and gas to cleaner energy sources. United Arab Emirates
Turkish foreign minister to visit Israel Turkish Foreign Minister Mevlut Cavusoglu's visit to Israel May 24 could finally open the way for both countries to reinstate their ambassadors. Israel
German bank to fund Aswan Dam, construction of solar plant in Egypt The Aswan Dam provides half of Egypt’s power supply. Egypt is also working to increase its use of solar power. Egypt
Emirati firm to build solar power plants in Morocco Morocco is heavily dependent on imports for its energy needs, and is working to increase its use of renewable sources. Morocco
Dubai partnering with Singapore to improve public transportation Dubai and Abu Dhabi are also working to make their public transit systems more environmentally friendly, though oil is still a major part of the Emirati economy. United Arab Emirates
