EU says energy costs tied to Hormuz crisis have surged past $35B Global energy price increases tied to the Hormuz disruption are driving higher import costs in Europe, despite limited reliance on gas flowing through the strait. Iran
Israel energy minister says gas flowing to Egypt, Jordan despite shutdown reports Israeli Energy Minister Eli Cohen told Al-Monitor that despite security concerns and partial shut down of marine gas platforms, Israel continues to supply gas to Egypt, Jordan and Israeli consumers. Israel
Unfazed by Saudi pressure, UAE unveils solar investment in Somaliland The UAE also has other significant investments in Somaliland, including around $442 million in funding from logistics company DP World to modernize the port of Berbera. United Arab Emirates
Merz courts Gulf as Germany seeks energy alternatives to US, China Berlin is seeking to capitalize on ties with Gulf energy giants as relations with the United States have cooled amid strains over transatlantic defense commitments, Washington’s pursuit of Greenland and tariffs. Qatar
Interview Gaza calm could revive East Med Forum, Israel-Jordan projects: Cohen Eli Cohen Israeli Energy Minister
Feature Cheap oil, tighter finances, wars constrained Mid East economies in 2025 By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
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
UAE pledges up to $50B for Canada during Carney's Abu Dhabi visit The agreement was signed by Canadian Prime Minister Mark Carney and UAE President Mohammed bin Zayed Al Nahyan on Friday, during the former’s official visit to Abu Dhabi. United Arab Emirates
Syria signs deals with ConocoPhillips, Novaterra Energy: What to know Syria signed a memorandum of understanding with US energy companies ConocoPhillips and Novaterra Energy to develop and explore gas fields as Damascus works to revive the country’s battered natural gas sector. Syria
Analysis Morocco's UN-backed Western Sahara plan offers investors some reassurance Last week, the UN Security Council voted in favor of a resolution backing Rabat’s plan for Western Sahara, describing autonomy under Moroccan sovereignty as the “most feasible solution” to the 50-year disagreement over the disputed territory. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Syria attends Brazil’s COP30 as most Middle East leaders skip talks Two years after the UAE and Egypt hosted back-to-back climate conferences, global headwinds are threatening climate action as talks begin in Belem amid notable absences. United Arab Emirates
US energy secretary scraps visit after Israel puts $35B Egypt gas deal on hold Despite US pressure, Energy Minister Eli Cohen refuses to approve a $35 billion gas deal with Egypt until "a fair price for the Israeli market" is secured. Israel
Bahrain joins Gulf’s late movers in the solar race with 150 MW project If completed on schedule, the Bilaj Al Jazayer solar plant would more than double the kingdom’s total installed renewable capacity, which stood at just 69 MW in 2024. Bahrain
Egypt overtakes Kuwait as MENA’s biggest LNG importer: What to know Last year, the North African country shifted from being a net exporter to a net importer of LNG, due to soaring demand and production declines. Egypt
Analysis Turkey's Gulf energy drive gains momentum with $1B Masdar deal As part of a goal to quadruple wind and solar capacity by 2035, Turkey is hoping to seal major deals with Masdar and ACWA Power to overcome recent dealmaking headwinds. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Saudi Arabia courts Chinese firms in mining investment drive Mining and Industry Minister Bandar Alkhorayef met with executives from more than 20 mining firms in Beijing on Thursday. Saudi Arabia
