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
Analysis Despite green energy deal blitz, Middle Eastern climate efforts fell flat in 2024 This year saw significant progress in the Middle East and North Africa's renewable energy growth, but the transition from fossil fuels remains an elusive goal. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
UAE's AMEA Power commissions Egypt's largest solar plant Egypt's Aswan governorate is set to host the country’s largest solar project in a deal with the Emirati energy firm. Egypt
UAE to host world's largest production plant for certain bioplastics The world's largest bioplastic plant will soon become an industry player in Abu Dhabi's free trade zones. United Arab Emirates
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
Saudi Aramco in 'advanced' talks on hydrogen offtake as Q3 income drops 15.3% Aramco's Q3 net income fell 15.3% to $27.6 billion on low oil prices. Aramco is looking to expand into new business areas such as renewables and hydrogen. Saudi Arabia
France, Morocco ink over $10B in deals during Macron visit King Mohammed VI welcomed Macron to Morocco as part of a three-day visit by the French president in which around 20 deals were agreed upon. Morocco
Saudi Arabia's NEOM attracts $16B in private financing over 2 years Saudi Arabia's flagship sustainability project has attracted substantial private investments and is looking for more. Saudi Arabia
Analysis Even with Greece venture, Egypt's energy hub ambitions remain far off Egypt's key gas field has seen a slump in output while Cairo continues to import more gas from other countries such as Cyprus and Israel. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Masdar acquisition of Terra-Gen stake builds on UAE-US renewable energy ties The UAE and the US launched a renewable energy partnership in 2022 with the view of deploying 100 GW of clean energy globally by 2035. United Arab Emirates
