Saudi Arabia courts Chinese firms in mining investment drive Mining and Industry Minister Bandar Alkhorayef met with executives from more than 20 mining firms in Beijing on Thursday. Saudi Arabia
IEA report: Mideast electricity generation to rise 50% by 2035 as renewables expand The International Energy Agency said that oil and gas remain the main sources of energy in the Middle East and North Africa, but noted the region’s rising investment in alternatives and renewable energy potential. By Adam Lucente In New York City, reporting on regional news, militancy, climate change
Sudan, Egypt FMs urge Ethiopia to change course ahead of megadam launch Ethiopian Prime Minister Abiy Ahmed announced in July that the Grand Ethiopian Renaissance Dam has been completed and will be formally inaugurated in September. Sudan
Egypt, Turkey ink investment deals with China on SCO Summit sidelines Egyptian Prime Minister Mostafa Madbouly and Turkish President Recep Tayyip Erdogan were in China for the two-day summit. Egypt
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. Saudi Arabia
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. Morocco
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. Saudi Arabia
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. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
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
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
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
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
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. Kuwait
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. By Adam Lucente , Jack Dutton
UK, Poland guarantee $272M loan for Turkey's second-largest solar project The seven solar power plants will have an aggregate power-generating capacity of 390 Megawatt peak and service Bor-Nigde, Gaziantep and Sanliurfa-Viransehir provinces. Turkey
GCC’s renewable energy push pays off with Qatar, UAE taking lead Several Gulf states rank relatively high on the World Economic Forum (WEF) Energy Transition Index, reflecting their efforts to transition toward renewable energy and reduce their dependence on fossil fuels. Saudi Arabia