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
Saudi Arabia's MBS heads to France to meet Macron, attend business summits The two leaders will meet Friday and discuss bilateral relations as well as Middle Eastern and international issues including the war in Ukraine. Saudi Arabia
Israel advances EastMed undersea electricity cable connecting with Europe In Paris meetings with international bodies, Energy Minister Israel Katz is promoting Israel's plans for a subsea electricity cable that would connect to other countries in the region and Europe. Israel
Israel announces new natural gas field off its coast The official announcement on the discovery of the Katlan-Orca natural gas field off Israel's coast paves the way for hydrocarbon exploration company Energian to seek development and exploitation permits. Israel
Qatar Airways first in Mideast to sign Shell deal for 3K tons of sustainable fuel The airline said that the deal will allow it to reduce emissions on flights from Amsterdam by approximately 7,500 tons of CO2 for the fiscal year. Qatar
UAE announces over $1.6B in industrial projects including hydrogen plant Sultan Ahmed Al Jaber made the announcements at the "Make it in the Emirates" forum in Abu Dhabi on Wednesday. Gulf
Qatar forum warns of economic downturn, shift in cryptocurrency One Qatar Economic Forum participant says it will take at least a generation to reach a point where the world can depend on clean power. Qatar
UAE unlikely to remove oil CEO as COP28 head despite Western protests With his experience in both renewables and fossil fuels, the United Arab Emirates sees Sultan Al Jaber's role as important in bridging climate negotiators' interests and creating energy company buy-in. United Arab Emirates
Iraqi Kurdistan's first solar plant helps with power outages, boosts agriculture The Kurdistan Regional Government’s efforts to increase renewable energy usage come amid persistent electricity shortages throughout Iraq, as well as rising environmental concerns. Iraq
King Mohammed IV launches Morocco's first hydrogen car The development of the hydrogen-powered vehicle, due to be released in 2025, is a response to the rising global demand for sustainable cars. Morocco
Israel's defense chief: Iran has enough uranium for five nuclear bombs On an official visit in Greece, Israel’s Defense Minister Yoav Gallant warns against Iran’s continued efforts to advance its nuclear program. Israel
Saudi Arabia will mine minerals, but can it extract maximum added value? The kingdom wants to leverage its untapped mineral deposits to boost non-oil exports and incentivize local manufacturers to turn raw materials into high-value products. Gulf
Israeli, Cypriot, Greek FMs discuss Iran's IRGC in Cyprus meeting The Iranian threat, security cooperation, joint energy projects and tourism were all discussed at the three-way meeting of the Israeli, Cypriot and Greek foreign ministers in Nicosia. Israel
