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
Interview IEA calls COP28 'big opportunity' to slash methane emissions In an interview with Al-Monitor, the International Energy Agency's chief energy economist, Tim Gould, said the climate summit should focus on methane as well as climate finance for the developing world. Tim Gould Chief Energy Economist of the International Energy Agency
Business & Tech Briefing: Dubai gears up for COP28 By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
UAE’s Masdar opens world’s largest single-site solar plant ahead of COP28 The Al Dhafra solar plant spans more than 12 square miles of desert. United Arab Emirates
Analysis Inside ADNOC's and Carbon Clean's plan to capture CO2 on mass scale The British company's new project with the UAE energy major is hoping to address those skeptical about the cost, efficacy and viability of carbon dioxide capture as a climate solution. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Saudi Arabia’s PIF in talks to inject $250M into Chinese car maker The kingdom is looking to develop its electric vehicle market as its economy diversifies away from oil. Saudi Arabia
COP28 host UAE, EU and US call for agreement to triple renewables by 2030 Barbados, Chile, Kenya, Micronesia, the International Energy Agency and the International Renewable Energy Agency also support the move. United Arab Emirates
Gaza war could double oil prices, threaten global food security Washington-based multilateral lender World Bank compared the situation to the 1973 Arab oil embargo in its latest Commodities Market Outlook. Israel
Morocco-UK Xlinks undersea power cable to generate 'real value': Octopus Energy Octopus Energy CEO Greg Jackson said that it would help Morocco fight climate change. Morocco
COP28 could allow oil industry to form coalition to cut emissions: TotalEnergies TotalEnergies CEO and chairman Patrick Pouyanne said that national oil companies as well as public and private ones must join the group. United Arab Emirates
Saudi Arabia set to begin Middle East’s first hydrogen train trials Saudi Arabian Railways, in partnership with French manufacturer Alstom, will begin to operate the world’s first hydrogen-powered passenger train in Riyadh later this month. Saudi Arabia
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
