Egypt lands $572M UAE-backed solar deal, expanding Gulf's clean-energy footprint Gulf companies have been increasing their investments in North African renewable energy. Egypt
Israel's Netanyahu approves $35B natural gas megadeal with Egypt Prime Minister Benjamin Netanyahu announced Israel will sell Egypt natural gas worth $35 billion, in the biggest-ever deal of its kind for the country. Israel
Meloni to attend GCC summit in Bahrain as Italy deepens Gulf ties The summit is expected to focus on economic integration in the Gulf, but regional issues will likely loom just as large, including post-war Gaza and the conflict in Sudan. Bahrain
UAE showcases global AI ambitions with $1B Africa pledge at G20 The Gulf country is the world's top investor in Africa, with Emirati companies committing $100 billion to projects on the continent between 2019 and 2023, according to data from the Financial Times. United Arab Emirates
Analysis Morocco's UN-backed Western Sahara plan offers investors some reassurance By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Gaza war could double oil prices, threaten global food security Washington-based multilateral lender World Bank compared the situation to the 1973 Arab oil embargo in its latest Commodities Market Outlook. Israel
Morocco-UK Xlinks undersea power cable to generate 'real value': Octopus Energy Octopus Energy CEO Greg Jackson said that it would help Morocco fight climate change. Morocco
COP28 could allow oil industry to form coalition to cut emissions: TotalEnergies TotalEnergies CEO and chairman Patrick Pouyanne said that national oil companies as well as public and private ones must join the group. United Arab Emirates
Saudi Arabia set to begin Middle East’s first hydrogen train trials Saudi Arabian Railways, in partnership with French manufacturer Alstom, will begin to operate the world’s first hydrogen-powered passenger train in Riyadh later this month. Saudi Arabia
Italy's FM in Saudi Arabia to talk energy partnerships, investments as ties grow The far-right government of Italian Prime Minister Giorgia Meloni has worked to strengthen ties with Saudi Arabia and the United Arab Emirates. Saudi Arabia
Saudi Aramco makes first global LNG investment with US MidOcean stake MidOcean Energy is in the midst of buying interests in four LNG projects in Australia as part of its growth strategy. Saudi Arabia
UAE’s Masdar to triple Southeast Asia’s largest floating solar plant The new agreement between Masdar and Indonesian power utility PLN Nusantara Power will launch Phase II of the Cirata floating solar plant in the Indonesian province of West Java. United Arab Emirates
Oman's oil and gas sector drives 30% GDP growth in 2022 Oman’s hydrocarbon sector growth rate was 61.6% from 2021 to 2022, compared to non-hydrocarbon sector growth at 16.9% during the same period, according to the Central Bank of Oman (CBO) 2022 Annual Report. Oman
UAE, other Gulf states shift from talk to action on carbon capture tech The idea of capturing and storing carbon emissions instead of letting them enter the atmosphere is gaining momentum in some parts of the Gulf region. It is also the necessary tool to rebrand hydrogen produced from fossil fuels from "gray" to "blue." Legacy: Gulf
Middle East can supply world's clean energy, says Biden's energy envoy Amos J. Hochstein said the key lies in the effective transport of the region’s abundance of wind, sun and minerals to maintain its energy leadership. Legacy: Gulf
UAE places technology at top of COP28 agenda in Dubai The UAE Ministry of Industry and Advanced Technology, UAE Space Agency and COP28 signed an agreement in July to coordinate on technology-focused sustainable solutions ahead of the major climate change conference in Dubai later this year. United Arab Emirates
Israel, Cyprus, Greece leaders enhance cooperation on gas infrastructure The leaders of Israel, Greece and Cyprus met in Nicosia to discuss strengthening the trilateral strategic alliance between the countries and exploring options for exporting Israeli natural gas via Cyprus to Europe. Israel
