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-Egypt firm Infinity Power strikes Africa's 'biggest renewable energy deal' Infinity Power says it plans to install and operate 2 gigawatts (GW) of greenfield projects by 2025 with this deal, powering projects in South Africa, Egypt and Senegal. Gulf
Analysis Jordan economic rating shows upswing, but problems remain Jordanians in the private sector are praising their government's ambitious economic strategies, but still see systemic inefficiencies as a barrier to making them a reality. By Salim A. Essaid
UAE, Egypt to develop major green hydrogen project in Mauritania The UAE is interested in Africa's green hydrogen potential, but the lack of development in the country could prove challenging. Gulf
UAE's Sultan Al Jaber, COP28 head, calls for 7% emissions cut, swifter energy transition The Emirates’ Industry and Advanced Technology Minister Sultan Ahmed Al Jaber talked about the importance of carbon capture and hydrogen at the CERAWeek conference. Gulf
UAE, Egypt, Jordan, Bahrain sign 12 industrial agreements worth $2 billion The third Higher Committee Meeting of the Industrial Partnership for Sustainable Economic Development wrapped up in Amman with 12 new agreements on industrial projects. Gulf
Despite divide over settlements, Israel expands energy cooperation with Egypt Israel’s Energy Minister Israel Katz chose to travel to Egypt for his first visit abroad since taking office. Israel
COP-28 head Sultan Al Jaber: UAE ‘running toward’ energy transition As the climate summit president continues to face criticism for his role as head of the UAE's state oil producer, Sultan Al Jaber argued that his position will serve more as an asset than an obstacle to energy transition. Gulf
Turkey plans to expand renewable energy but sticks to coal, nuclear Clean energy advocates say Turkey should speed up its shift to renewable sources not only out of environmental concerns, but also to reduce its costly reliance on imported energy. Turkey
Oman continues economic reforms by listing drilling company on stock exchange Oman’s fiscal performance has improved in the last year, and the country wants to produce more alternative forms of energy, such as hydrogen. Gulf
OPEC Fund raises $1 billion via sustainability bond Gulf states in the organization are showing increasing interest in funding projects related to the environment, renewable energy and green technology. Gulf
South Korea-UAE visit showcases alignment on arms, energy deals A $30 billion pledge from the UAE to invest in South Korean industries was one outcome of the four-day visit By Salim A. Essaid
Negev Forum convenes in UAE with Jordan absent from Arab-Israeli meeting Senior officials from the United Arab Emirates, Bahrain, Egypt, Morocco, the United States and Israel have convened in Abu Dhabi for the third Negev Forum steering committee meeting. Israel