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
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
Egypt venture capital firm for startups develops solutions to climate change The Climate Resilience Fund targets nature-positive and sustainable projects that address mainly land and sea misuse. Egypt
COP27 presents Egypt financing opportunities for sustainable development Egypt is considering dozens of national green and sustainable development projects as part of the government’s plan to adapt to climate change and switch to green sustainable development, as it prepares to host the UN Climate Change Conference. Egypt
Israel, Cyprus to resolve disagreement over maritime gas field Most of the disagreement points between Israel and Cyprus over the joint Aphrodite-Yishai natural gas reservoir have been resolved, and an agreement is apparently imminent. Israel
UN envoy welcomes climate spotlight on Egypt, Africa "Africa is bringing solutions," said Mahmoud Mohieldin, the UN Climate Change High Level Champion for Egypt, in an exclusive interview with Al-Monitor. Egypt
Egypt explores production of green fuels for ships Egypt plans to cooperate with the Maersk global shipping group to establish a national network to produce and distribute green fuel for ships, depending on new and renewable energy sources, as the country gears up to host the COP27 climate summit. Egypt
Natural gas profits finally put Israel's wealth fund into business After four disappointing years, Israel’s wealth fund, based on tax revenues from natural gas companies, has enough money to begin making investments. Israel
Egyptian coal factory shuts down in lead-up to COP27 El-Nasr Company for Coke and Chemicals was liquidated recently, less than a year after another industry and steel company was closed down, as the Egyptian government seeks to abandon coal in its factories and rely more on clean energy. Egypt
