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
UAE green energy giant Masdar invests in $6B UK wind farm: What to know A consortium of 24 international banks has raised $4.8 billion in financing for the British energy project. United Arab Emirates
Saudi renewables firm ACWA Power eyes major China expansion: What to know By 2030, ACWA Power aims to expand its global assets to around $250 billion, with China projected to contribute between $30 billion and $75 billion. Saudi Arabia
Huawei explores Egypt partnership as electricity minister visits China Egypt's electricity and renewable energy minister met with a range of high-level officials and business leaders while on a visit to the Asian country over the past week. Egypt
France's EDF reportedly dropped from Saudi Neom project: What to know EDF was appointed by the Saudi government in January 2024 to carry out preliminary studies on the conception and construction of a hydroelectric power plant in Neom. Saudi Arabia
UAE's Alterra targets Italian solar as part of $250B green finance drive The Emirati private investment fund aims to mobilize $250 billion through partnerships in global climate finance annually. United Arab Emirates
Qatari-led consortium signs $7B deal with Syria for 5,000 MW of electricity Syria’s electricity grid needs extensive expansion after 14 years of civil war. Syria
On fifth Greece visit, Egypt’s Sisi and Mitsotakis advance energy projects: What to know The new partnership agreement appears to further cement the two nations' growing ties even as migration challenges persist. Egypt
Jerusalem wildfires rage for second day as environmental groups blame Netanyahu According to Israeli environmental groups, the government has repeatedly ignored calls to prepare for the threat of fires and to take more decisive action on climate change goals. Israel
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
