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Sheikha Shamma bint Sultan bin Khalifa Al Nahyan heads new green think tank

UAE launches think tank to drive net zero 2050 ambitions

The launch of the UAE Independent Climate Change Accelerators (UICCA) was announced on Tuesday to drive the UAE’s commitment towards net zero by 2050. The UICCA is a non-partisan, climate action entity that will bring together members of the public and private sector, including academic institutions and non-governmental organisations (NGOs).    In the lead-up to the […]

South Korea in $2.2bn deal with Russia for Egypt nuclear plant

South Korea signed a $2.2 billion deal with Russia’s state-owned Rosatom to provide buildings and components for a new Egyptian nuclear plant, Bloomberg reported. Korea Hydro and Nuclear Power Co. won a contract to supply buildings, equipment and materials for Egypt’s El Dabaa project, South Korea’s energy ministry said in a statement. The state-owned Korean […]

New deals aim to enhance UK-Qatar trade and investments

The UK has enhanced its relationship with Qatar, its third largest Gulf trading partner, with the announcement of two new agreements to boost trade and investment. UK trade minister Ranil Jayawardena met Qatar’s Minister of Commerce and Industry, Sheikh Mohammed bin Hamad Al-Thani in London last week to agree the partnerships at the third UK-Qatar […]

Sharjah wins waste-to-energy race as rest of region cleans up its act

Dubai had the Gulf’s first “seven-star” hotel and Abu Dhabi hosted the inaugural “day-night” Formula One Grand Prix. The emirate of Sharjah can claim a UAE first too – one that is less glitzy but potentially more transformative – the first waste-to-energy power plant. The Sharjah waste-to-energy facility, officially inaugurated in May, adds another dimension […]

oil $100 oil price

Oil firms ride high but sector braces for more ‘realistic’ prices

The Middle East’s oil and gas sector will remain buoyant into 2023, even as global oil prices become more “realistic” after surpassing a 15-year high of $123 per barrel in March, according to analysts.  Oil prices hovered just below $90 per barrel on Tuesday, having gradually come down from $100/barrel at the end of July […]

GCC embraces public-private partnerships to drive projects

Public-private partnerships will become more important across a wider range of sectors in the Gulf region as countries continue to diversify their economies, say experts. With the total value of planned and unawarded projects in the GCC countries expected to reach $2 trillion, governments are seeking more private sector support in infrastructure projects delivery. “Both […]

President Emmanuel Macron welcomes Sheikh Mohamed to a state dinner as French first lady Brigitte Macron looks on, at the Grand Trianon in Versailles

Sheikh Mohamed underlines ties with France on first foreign trip

The Louvre Abu Dhabi is perhaps the most visible symbol of the flourishing relationship between the UAE and France. The museum on Saadiyat Island, which opened in 2017 under an agreement between the two governments, is said to be France’s largest cultural project abroad. Given this backdrop of cultural and commercial ties, France was a […]

President Joe Biden in Jeddah

Biden boosts relations but fails to move the dial

The president hoped to reset Washington’s relationship with the Middle East last weekend. In this in-depth analysis, AGBI explores how he performed on Israel, Iran, human rights and oil President Joe Biden’s whirlwind tour of the Middle East sought to reinforce America’s commitment to the region after several years of disengagement. In a speech to […]

The road from Jeddah: US and Saudi set out their 19 priorities

Clean energy, investment deals and space exploration are at the heart of the Jeddah communiqué – the partnership agreement issued by the US and Saudi governments after President Joe Biden’s meeting with King Salman and Crown Prince Mohammed bin Salman. Among the agreements reached during the president’s visit on July 15 and 16 was a […]

US president Joe Biden and Israeli prime minister Yair Lapid are delighted to have signed the security pledge at Waldorf Astoria Hotel in Jerusalem

Biden’s ‘Jerusalem Declaration’ could slash UAE-Iran trade

The US and Israel pledged today to deny Iran nuclear weapons – a move that could dissuade global trade partners from dealing with Tehran, experts have said. The freshly united stance from US president Joe Biden and Israeli prime minister Yair Lapid represents a rare show of unity by allies long divided over Iran diplomacy. The […]

What the papers said: Day one of Biden’s Middle East trip

A round up of some of the opinion and views published by regional and international media on US President Biden’s trip to the Middle East. LOCAL PAPERS: Abu Dhabi’s The National: Joe Biden’s trip to Jerusalem met with ambivalence and optimism The National noted that while there is cautious optimism that Biden will help to […]

Mohammed bin Salman with the then US defense secretary James Mattis in 2018

Security is what MbS wants most of all from Washington

As the architect of Saudi Vision 2030, Crown Prince Mohammed bin Salman quickly won plaudits the world over as a great moderniser and the face of reform in the kingdom.  But the killing of Washington Post columnist Jamal Khashoggi in 2018 complicated matters. Shunned by many leaders – both political and business – MbS has […]