Sustainability $4bn set aside for Saudi water projects Saudi Arabia will spend $4 billion by the end of the decade on recycling over 2 billion cubic metres of water, about 70 percent of the country’s renewable water sources, an official said this week. Speaking at the World Water Forum in Indonesia, Mohammed bin Zaid Abuhid, head of the General Authority for Irrigation, outlined […] May 23, 2024
Renewable Energy UAE to roll out countrywide EV fast charger network The UAE is speeding up the expansion of its electric vehicle charger infrastructure in support of the energy transition, the shift from fossil-based systems of energy production. UAEV, a joint venture between the Ministry of Energy and Infrastructure and Etihad Water and Electricity that was announced on Monday, intends to build a network of high-performance […] May 20, 2024
Renewable Energy Turkey’s renewables scheme given $1bn by World Bank The World Bank has signed a $1 billion programme with Turkey to fast-track the nation’s renewable energy expansion initiatives. The financing comprises €600 million ($657 million) in loans from the International Bank of Reconstruction and Development, $30 million from the clean technology fund, and $3 million in grant funding from the World Bank’s energy sector management assistance […] May 17, 2024
Video length: 03:53 VIDEO Logistics Shipping needs cheaper green methanol for its route to net zero Higher costs and undersupply remain the biggest concerns for shipping companies seeking to reduce their greenhouse gas emissions by switching to green methanol. Danish logistics company Maersk has ordered 25 vessels that can run on sustainably produced e-methanol. Its first large methanol container ship, Ane Maersk, arrived at Jebel Ali port in Dubai last week. […] May 16, 2024
Opinion Infrastructure Sponge cities are the low-hanging fruit of flood mitigation The question of what this arid desert country can do to avoid a repeat of April 16 is an urgent one May 14, 2024
Banking & Finance Demand is high for Alrajhi bank’s first green sukuk Saudi Arabia’s Alrajhi Bank has completed its $1 billion sukuk – having raised $3.5 billion in subscriptions from local and international investors – as the kingdom’s lenders push to raise funds for the government’s expensive giga-projects. Sukuk are sharia-compliant bonds that were developed as an alternative to conventional bonds, which are not considered permissible by […] May 13, 2024
Opinion Banking & Finance Catastrophic floods are a wake-up call for insurers Regional insurance penetration needs to be higher and policies must be overhauled May 10, 2024
Opinion Sustainability The Gulf superstorm is a climate change omen As GCC nations diversify their economies, it is critical that new policies are green by design May 6, 2024
Analysis Tourism Why ‘over-tourism’ offers an opportunity for the GCC The GCC region and its North African neighbour Egypt can reap the rewards of over-tourism across the globe, according to industry experts, with affordability playing a key role in fuelling the sector’s growth. The number of hotel rooms in the six countries of the GCC – Bahrain, Kuwait, Qatar, Oman, Saudi Arabia and the UAE […] May 6, 2024
Analysis Manufacturing Gulf petrochems sidestep curbs from global plastics treaty Major petrochemical exporters such as Saudi Arabia are unlikely to face mandatory production curbs despite latest efforts to craft a global plastics treaty and clamp down on single usage. At a UN Environment Assembly in early 2022, member countries approved a resolution to end plastic pollution and forge an “international legally binding agreement” by the […] May 2, 2024
Renewable Energy Bahrain signs deal with Masdar to develop wind energy UAE clean energy company Masdar has formed a partnership with Bahrain’s Bapco Energies to explore the development of wind energy projects in Bahrain. The two companies will develop up to two gigawatts (GW) in near-shore and offshore wind farms, Masdar said. The collaboration will help Bahrain accelerate the decarbonisation of its critical industrial sectors. Energy, […] May 1, 2024
Renewable Energy Investors warm to Turkey’s geothermal sector Turkey is planning to offset its hydrocarbons deficit by broadening its renewable energy base, with the country’s geothermal sector being targeted by investors as a strong growth market. Turkey’s current installed capacity of 1700 megawatts (MW) – much of which is being used in agriculture to heat greenhouses – ranks it among the leaders in […] April 30, 2024
Opinion Infrastructure The Gulf must act now to protect against future floods Storm crates can offer fast, effective relief and are cost-efficient April 25, 2024
Opinion Oil & Gas A just energy transition cannot be rushed The JP Morgan thesis will get a resounding welcome among oil producers April 24, 2024
Infrastructure Concrete or sponge? Dubai’s post-flooding options In the wake of last week’s floods, retrofitting Dubai with traditional, concrete-based drainage systems would be expensive, time-consuming and complicated. As an alternative, authorities should look to nature-based solutions, industry professionals told AGBI. “Dubai should not repeat the mistakes that have been made in most of the Western world,” said Ronny Berndtsson, professor in water […] April 23, 2024
Opinion Aviation Dubai has faced the ultimate dilemma for an airline In bad weather, airport operators and carriers must make tough decisions fast. Let's cut Emirates some slack April 23, 2024
Renewable Energy Abu Dhabi to generate 50% power from green sources by 2030 Abu Dhabi plans to generate more than half of its electricity from renewable and clean energy by 2030, a senior Emirates Water and Electricity Company (Ewec) official has said. The state-owned entity is increasing the emirate’s solar energy production plan to 7.6 gigawatts (GW) by 2030, the UAE state-run Wam news agency reported, quoting CEO Othman Juma […] April 19, 2024
Sustainability Aluminium decarbonisation alliance takes shape in UAE Emirates Global Aluminium, the UAE’s largest non-oil industrial company, has formed an alliance with state renewable energy company Masdar to work on decarbonisation projects. The two companies will explore the joint development of renewable energy projects such as battery storage and the production and storage of green hydrogen. They will also work together internationally to […] April 18, 2024
Renewable Energy Developers sought for Abu Dhabi’s Khazna solar plant Emirates Water and Electricity Company (Ewec) is seeking developers to build a 1,500 megawatt solar power facility in Abu Dhabi as the emirate ramps up its green energy drive. The utility has issued a request for proposals to qualified companies that have expressed interest in developing the Khazna Solar Photovoltaic project. A total of 27 […] April 17, 2024
Sustainability Masdar City has up to $1bn of projects at design phase Masdar City, Abu Dhabi’s sustainability-focused urban community, is working on projects in critical sectors of the UAE, backed by investments of between AED3 and AED4 billion ($817 million and $1 billion). The projects include energy, artificial intelligence (AI), space, life sciences and agriculture, the UAE state-run Wam news agency reported, quoting CEO Ahmed Baghoum. He […] April 17, 2024
Opinion Sustainability The Gulf is well-placed to soar on SAF – but not yet Sustainable aviation fuel is in its infancy but the Gulf has a hydrogen trump card April 16, 2024
Analysis Tech Space trash offers Saudi Arabia a new revenue source Saudi Arabia is targeting lucrative and environmentally critical opportunities in the rubbish removal sector – in outer space. More than 27,000 man-made objects larger than 10 centimetres, such as defunct satellites and spent rocket stages, orbit Earth, according to Nasa. This space debris puts at stake billions of dollars of assets such as spacecraft and […] April 16, 2024