Five global firms shortlisted in Morocco's controversial Western Sahara energy plans Construction on the multibillion-dollar energy project, based in Dakhla in the disputed territory, is scheduled for completion in 2029. Morocco
Even with MBS absent, Saudi Arabia and UAE poised to make deals at G20 Gulf states will look for agreements and trade deals with partners from South America and elsewhere ahead of US President-elect Donald Trump's inauguration in January. United States
UAE's ADNOC doubles down on gas, allocating $15B over next 5 years In a Monday statement ADNOC Gas said it had raised its capital expenditure plan to around $15 billion for the next five years, from about $13 billion. United Arab Emirates
Middle East businesses lack clear climate guidelines, WEF report warns Middle Eastern and North African companies face increasing pressure from investors, regulators and global markets to strengthen transparency and adopt more sustainable business models. Morocco
Analysis Even with Greece venture, Egypt's energy hub ambitions remain far off By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
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
Abu Dhabi to invest $15 billion in decarbonization The Abu Dhabi National Oil Company’s interest in carbon capture and hydrogen is not new, and is part of a wider shift in the United Arab Emirates. Gulf
Dubai’s use of solar power increased in 2022 Dubai is playing a large role in the UAE’s move toward solar energy. Gulf
Elon Musk’s electric vehicle company Tesla hiring in Turkey The US electric vehicle maker already has a presence in Jordan and Israel and could soon launch in Turkey, where Musk has a good relationship with President Erdogan. Turkey
Saudi Arabia sends blue ammonia to South Korea Saudi-South Korean energy and economic cooperation is increasing. Other Gulf states are also exploring blue ammonia, and the energy source has both benefits and downsides. Gulf
Israel earmarks residential rooftops for electricity production The new strategy of the Ministry of Energy includes encouraging residential buildings to install solar panels that would then be connected to the national electricity grid. Israel
PRO: Middle East climate tech startups to be hot investment in 2023 A handful of regional firms have received significant investments recently. By Al-Monitor Staff
Iran produces pickup truck in compliance with EU emission standards Khodro’s Foton Tunland complies with the European Union’s Euro VI emission standards for heavy vehicles. Iran
