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 By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Saudi Arabia offers $182M package, other incentives for mining investors The kingdom is prioritizing the lucrative sector as part of its ambitious Vision 2030 plan to diversify its economy away from a reliance on oil. Saudi Arabia
How UAE fits into China’s electric vehicle push The United Arab Emirates’ electric vehicle ambitions and restrictions from the United States make the Gulf state an attractive partner for Chinese firms, but Abu Dhabi has a way to go before it meets its electric vehicle ownership targets. Legacy: Gulf
Analysis Germany to import Algerian gas, eyes long-term renewables partnership Berlin needs to convince Algiers that green hydrogen production for export is technically feasible and economically viable. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Davos 2024: Green ammonia expansion integral to Morocco’s new hydrogen economy, minister says Morocco's Minister of Energy Transition and Sustainable Development Leila Benali told Al-Monitor in an interview that the COP28 declaration marked the first time an emergence of more inclusive messaging has been seen in official climate text. Morocco
UAE President MBZ in Azerbaijan eyeing energy, investment cooperation Emirati entities have inked several energy deals with Azerbaijan in the past year. Legacy: Gulf
Israel Katz set to become new Israeli foreign minister in cabinet rotation As part of a coalition government agreement negotiated in 2022, Israel’s government approved the rotation of Israel Katz as the new foreign minister while former foreign minister Eli Cohen will become the new energy minister. Israel
Saudi Arabia’s ACWA Power signs $4B green hydrogen deal in Egypt The second phase of the project could produce 2 million metric tons per year, the statement said, without providing details on the timeline. Egypt
World Bank ups Middle East climate financing to $10B by 2025 The global lender provided $6.3 billion in climate financing for the MENA region between 2021 and 2023, much of it focused on mitigation and adaptation. Legacy: Gulf
COP28: historic deal agreed for world to ‘transition away’ from fossil fuels The summit stretched into prolonged negotiations over the terminology of the final text, after the “phase out” of fossil fuels was omitted from the draft a day before the scheduled end of the event. United Arab Emirates
China-Saudi Investment Conference begins in Beijing China is Saudi Arabia’s largest trading partner and biggest customer of its primary commodity: crude oil. Saudi Arabia
After US, India, UAE, World Economic Forum expects Brazil to enter green coalition India, the UAE and the United States are part of the First Movers Coalition, a green alliance that Rob van Riet, senior adviser at the WEF's Center for Nature and Climate, told Al-Monitor he hoped Brazil will be the next to join. United Arab Emirates
Saudi Arabia’s ACWA Power to develop green hydrogen project in Indonesia Green hydrogen has potential environmental benefits as well as drawbacks and is being pursued by Saudi Arabia, the United Arab Emirates and other Gulf states. Legacy: Gulf
