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
Italy's FM in Saudi Arabia to talk energy partnerships, investments as ties grow The far-right government of Italian Prime Minister Giorgia Meloni has worked to strengthen ties with Saudi Arabia and the United Arab Emirates. Saudi Arabia
Saudi Aramco makes first global LNG investment with US MidOcean stake MidOcean Energy is in the midst of buying interests in four LNG projects in Australia as part of its growth strategy. Saudi Arabia
UAE’s Masdar to triple Southeast Asia’s largest floating solar plant The new agreement between Masdar and Indonesian power utility PLN Nusantara Power will launch Phase II of the Cirata floating solar plant in the Indonesian province of West Java. United Arab Emirates
Oman's oil and gas sector drives 30% GDP growth in 2022 Oman’s hydrocarbon sector growth rate was 61.6% from 2021 to 2022, compared to non-hydrocarbon sector growth at 16.9% during the same period, according to the Central Bank of Oman (CBO) 2022 Annual Report. Oman
UAE, other Gulf states shift from talk to action on carbon capture tech The idea of capturing and storing carbon emissions instead of letting them enter the atmosphere is gaining momentum in some parts of the Gulf region. It is also the necessary tool to rebrand hydrogen produced from fossil fuels from "gray" to "blue." Gulf
Middle East can supply world's clean energy, says Biden's energy envoy Amos J. Hochstein said the key lies in the effective transport of the region’s abundance of wind, sun and minerals to maintain its energy leadership. Gulf
UAE places technology at top of COP28 agenda in Dubai The UAE Ministry of Industry and Advanced Technology, UAE Space Agency and COP28 signed an agreement in July to coordinate on technology-focused sustainable solutions ahead of the major climate change conference in Dubai later this year. United Arab Emirates
Israel, Cyprus, Greece leaders enhance cooperation on gas infrastructure The leaders of Israel, Greece and Cyprus met in Nicosia to discuss strengthening the trilateral strategic alliance between the countries and exploring options for exporting Israeli natural gas via Cyprus to Europe. Israel
Turkey, Saudi Arabia ink critical mineral cooperation deal Green energy investments will have an important share in cooperation between Turkey and Saudi Arabia, said the Turkish energy minister. Turkey
Israel’s energy minister visits UAE, touts trilateral deal with Jordan Senior officials in Israel, the UAE, Jordan and the United States hope to have the final agreements of the Prosperity Project signed at the COP28 Climate Conference in Dubai this upcoming November. Israel
In Gaza, pressure builds on Hamas to solve power crisis amid heat wave Palestinian activists in the Gaza Strip are launching campaigns to pressure Hamas into resolving the power crisis, which has worsened this past month due to a severe heat wave. Palestine
In a first, Saudi Arabia seals deal with Brazil’s largest miner VBM The Vale partnership will give Riyadh access to assets in Canada, Brazil and Indonesia. Saudi Arabia
