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 Aramco makes $7 billion investment in South Korea during crown prince’s visit Saudi Crown Prince Mohammed bin Salman is seeking to boost energy, defense and investment cooperation with Seoul during his trip. Gulf
Saudi Arabia continues inroads into Africa with Guinea water project The Saudi Fund for Development’s grant to the West African country will also utilize solar power technology. Gulf
Israeli environment minister strives for regional cooperation at COP27 Outgoing Minister for Environmental Protection Tamar Zandberg calls on the new Israeli government not to give in to small politics, but continue engagement to battling climate change, reducing greenhouse gas emissions and reducing plastic pollution. Israel
Israel, Jordan, UAE press ahead on deal for water, solar energy Israel, Jordan and the United Arab Emirates have inked a memorandum of understanding to speed progress on a deal to exchange solar energy for desalinated water. Israel
Egypt to present sustainable fashion project at COP27 Green Fashion, a start-up environmental and social initiative, will be showcasing its ideas at the COP27 that Egypt will be hosting. Egypt
Religious leaders talk climate action in Israel ahead of COP27 At the initiative of the foreign ministry, Jewish, Christian, Druze, Bahai and Muslim leaders gathered in Jerusalem, in a joint call to act against climate change. Israel
Saudi Arabia to hold green forums in conjunction with COP27 Saudi Arabia will hold in November the second editions of the Middle East Green Initiative and Saudi Green Initiative summits in Sharm el-Sheikh, on the sidelines of the COP27, in what reflects the growing interest of regional countries to address the effects of climate change. Egypt
In rare visit to Egypt, Israel’s Lapid to attend COP27 climate summit The COP27 in Egypt will be launched a week after the general elections in Israel, but Prime Minister Yair Lapid intends to participate in the conference whatever the outcome of the vote. Israel
Saudi company to develop green hydrogen in South Africa The kingdom has shown a particularly strong interest in both South Africa and green hydrogen in general this year. Gulf
Israel moves to reduce industrial greenhouse gas emissions Ahead of the COP27 climate summit in Egypt next month, the Israeli government is focused on reducing greenhouse emissions within the industrial sector. Israel
Inside Egypt’s first climate-friendly farm Tulima Farms in the Nile Delta relies on climate-friendly mechanisms to promote agriculture that adapts to climate change and relies on less water consumption amid a looming water crisis in Egypt. Egypt
Abu Dhabi announces nearly $1 billion drilling contract Oil and gas remain a major part of the Emirati economy, despite recent investments in renewable energy and green technology. The contract comes as the UAE gets ready to provide gas to Germany amid the war in Ukraine. United Arab Emirates
