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Israeli startup hopes to take nuclear fusion mainstream

This week US scientists announced they had achieved net energy gain in a fusion reaction for the second time since December. The Lawrence Livermore National Laboratory in California deemed the successful experiment “a major scientific breakthrough decades in the making that will pave the way for advancements in national defence and the future of clean […]

Romanian president Klaus Iohannis meets Sheikh Mohammed bin Rashid Al Maktoum in Dubai

Nuclear energy to power UAE-Romania trade growth

Dubai International Chamber has set up a Romanian Business Council as part of efforts to build on non-oil trade between the UAE and the Eastern European nation, which exceeded $1 billion last year. The council will promote the interests of Romanian businesses and Romanian-owned UAE-registered companies in Dubai. It will also support Dubai’s presence in […]

Engie wind farm in Egypt

France’s Engie ramps up Middle East renewables push

French utilities firm Engie is closing in on several opportunities in the Middle East as it looks to the region to help it hit targets to double renewables generation to 80 gigawatts by 2030.   “We are trying to identify the best geographies for renewables and clearly the Middle East is one of those,” said Frédéric Claux, […]

Suhail bin Mohammed Al Mazrouei, energy and infrastructure minister, said the hydrogen strategy would be a 'crucial tool' to help the UAE reach net zero by 2050

Green for go: UAE’s long-term plan for hydrogen

The UAE has unveiled its national hydrogen strategy as analysts predict that GCC members can play a key role as exporters. The blueprint for hydrogen is a “long-term plan to turn the UAE into a leading and reliable producer and supplier of low-carbon hydrogen by 2031”, according to Suhail bin Mohammed Al Mazrouei, minister of […]

Turkey energy

Total signs deal to expand Turkey’s green energy output

France’s TotalEnergies and Turkey’s Ronesans Holding have entered into a partnership to expand renewable power generation capacity in Turkey. TotalEnergies will take a 50 percent stake in Ronesans Enerji and jointly develop 1,000 megawatt (MW) of wind and solar farms over the next three years, the Daily Sabah newspaper reported, citing Ronesans Holding president Erman […]


UK helps UAE address financial grey list challenges

The UK is helping the UAE deal with shortcomings highlighted by the Financial Action Task Force when it grey listed the Gulf state, a British government minister has told AGBI. “Our officials have very strong links in terms of assisting the UAE in how to improve systems and internal compliance and what sort of transparency […]

Rafael Grossi Barakah Nuclear Energy Plant

UAE’s nuclear finance deal ‘sets standard for region’

The Barakah One Company has successfully completed the refinancing of the first commercial nuclear power station in the Arab World, based in the UAE. Located 53 kilometres from the city of Ruwais, the $32 billion Barakah Nuclear Energy Plant is being developed by Barakah One – a joint venture between Emirates Nuclear Energy Corporation (Enec) […]

Turkey talking to Russia and China for more nuclear plants

Turkey is holding talks with Russia, South Korea and China to construct its second and third nuclear power plants. It is ready to build the second nuclear plant in the northern Sinop province, state-run Anadolu Agency reported, citing Salih Sari, head of the Turkish energy and natural resources ministry’s general directorate of nuclear energy and international projects. […]

Adult, Female, Person

South Korea delivers as UAE trade continues to grow

Adnoc Logistics and Services took delivery of its first new-build oil tanker on Tuesday as part of growing UAE-South Korea trade and investment ties. The Adnoc subsidiary received Hafeet, a large crude carrier built by Hanwha Ocean at its Okpo Shipyard in Geoje Island, South Korea. The vessel, designed for long-haul voyages to ship crude […]

Middle East renewables investment

Gulf is worst performer for investment in renewables

The Middle East is the worst-performing region for investment in renewable electricity sources, new research has found. Africa and the Middle East combined represented just 1.6 percent of worldwide investment last year, according to the Renewables 2023 Global Status Report. China accounted for 55 percent of total investment, followed by Europe at 11 percent and […]

healthcare public-private partnership (PPP) Riyadh Altakassusi Alliance Medical

Saudi awards first PPP project in healthcare sector

Saudi Arabia’s health ministry has awarded one of the kingdom’s first public-private partnerships (PPP) in the healthcare sector to Riyadh-based Altakassusi Alliance Medical.  The project will deliver better radiology and imaging services to more than one million people across seven hospitals – King Fahad Medical City, Prince Mohammed Bin Abdulaziz Hospital, Al Dawadmi General Hospital, […]

Iran natural gas crisis

Crisis looms for the Iranian natural gas sector

While the world’s attention has been focused on the sanctioned Iranian oil industry, another vital part of the country’s energy infrastructure is deteriorating – its natural gas sector. Iran’s domestic economy and its consumers depend far more on gas than they do on oil. But if urgent financial, technical and commercial support is not provided […]


Gulf is ‘ideal playground’ for surging French investment

France aims to boost its investment relationship with the GCC region by hosting an inaugural Vision Gulf event in Paris next month. The flagship conference organised by Business France, the country’s national trade agency, aims to promote increased collaboration between Middle East-based investors and French corporates. Taking place on June 13-14 at the French Ministry […]


UAE and China seek tie-up to develop nuclear energy

The UAE state-owned Emirates Nuclear Energy Corporation (ENEC) has signed three memorandums of understanding (MoUs) with Chinese nuclear energy organisations. The MoUs were signed with Nuclear Power Operations Research Institute, China National Nuclear Corporation Overseas and China Nuclear Energy Industry Corporation, the UAE state-run WAM news agency reported on Sunday. The first MoU with Nuclear […]

Saudi Arabia's King Salman bin Abdulaziz Al Saud

Iran growth forecasts cut but Gulf trade could rally

Growth forecasts for Iran’s economy have been cut as analysts see US sanctions remaining in place “for the foreseeable future”, but expanding trade with the UAE and improved relations with Saudi Arabia may help to cushion the blow. Fitch sees growth slowing to 2.3 percent in 2023-24 from a previous forecast of 5.8 percent because […]

man cleaning solar panels

Xlinks in talks to boost UK-Morocco project funding

British renewable power firm Xlinks is in talks to raise new funding for its proposed plan to build vast solar panel and wind farms in the Moroccan desert that could power more than seven million British homes by 2030. Founder and CEO Simon Morrish said the talks represented “a significant step up in the level […]