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Turkey's new fund will provide equity financing to green and innovative transformation companies Pexels/Pixabay
Turkey's new fund will provide equity financing to green and innovative transformation companies

The Middle East remains a global hydrocarbons powerhouse, but it is also ramping up renewables and decarbonising oil and gas. In this special report, AGBI spotlights a bold new era for the region’s energy sector.

With Adipec, the world’s largest energy industry event in the UAE, taking place this week, readers will learn what is going on in the oilfields of Iraq, how rising costs are impacting the Gulf’s solar industry, why Abu Dhabi and Saudi Arabia are expanding chemicals production, and why the Saudi-Russian oil alliance has endured years beyond its origins.

Click the image below and register your details to download a printable PDF of the AGBI energy special report.

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Click the image above to download the exclusive AGBI energy special report

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Egypt’s first hybrid solar project to break ground next year

Norway’s renewable energy producer Scatec will begin work on Egypt’s first hybrid solar power and battery storage project in the first half of 2025. The company has signed a US dollar-denominated 25-year power purchase agreement with the state-run Egyptian Electricity Transmission Company for a 1-gigawatt (GW) solar power plant and 100-megawatt (MW) battery storage project. […]

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Turkish exports to the UK hit all-time high

Turkey’s exports to the United Kingdom reached a record high in the first eight months of 2024, according to official data. Exports rose 11 percent year on year to $8.3 billion between January and August, Anadolu Agency reported, citing data from the Turkish Exporters Assembly. The automotive sector led the way, with exports reaching $2.7 […]

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Abu Dhabi fund sells stake in UK insurance company

Abu Dhabi Investment Authority (Adia), the UAE’s largest sovereign wealth fund, has sold a 50 percent stake in the UK-based insurance technology company Policy Expert to private equity entity Cinven. The stake will be purchased by Cinven’s strategic financials fund. No financial details were disclosed. The deal is subject to regulatory approvals and closing conditions. […]

Aramco will use the Cerebras CS-3 chips to build and deploy large language models

Aramco to buy AI chips from Abu Dhabi-backed Cerebras

Saudi Aramco is to buy advanced semiconductor chips from Cerebras Systems, the Abu Dhabi-backed chipmaker aiming to challenge Nvidia’s dominance in the AI arena, as it seeks to boost artificial intelligence in the kingdom. The state-owned energy giant will use Cerebras’ CS-3 chips to build and deploy large language models (LLMs) – computer models essential […]