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‧Global Accord Reached to Mobilise $200 Billion Annually for Biodiversity Conservation
In a landmark decision, over 140 nations have committed to mobilising $200 billion annually by 2030 to safeguard global biodiversity. This agreement, finalised at the United Nations COP16 summit in Rome, aims to halt and reverse environmental degradation worldwide. The pac…
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‧Gulf Nations Positioned to Shape US Critical Minerals Strategy
The Gulf region’s strategic importance in global supply chains is increasing as the US seeks to secure critical minerals vital for technology and clean energy. With an eye on reducing dependence on China, the US is now pivoting towards the Gulf, an area rich in natural reso…
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‧Saudi Arabia and Abu Dhabi Accelerate Ambitious Renewable Energy Initiatives
Saudi Arabia and Abu Dhabi are intensifying their efforts to transform their energy sectors, aiming to significantly increase renewable energy capacities by 2030 and 2035, respectively. These initiatives are central to their broader strategies for economic diversification a…
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‧Global Conference on Carbon Markets Addresses Climate Change Strategies
Policymakers, industry leaders, and researchers convened in New Delhi on Monday for the Prakriti 2025 conference, focusing on leveraging carbon markets to combat climate change and promote sustainable development. Union Minister for Power and Housing & Urban Affairs, Ma…
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‧Saudi Arabia Commits $3.57 Billion to Expand Qurayyah Power Plant by 3.01 GW
Saudi Arabia has announced a significant investment of SR13.4 billion to expand the Qurayyah Independent Power Plant in the Eastern Province. This expansion aims to add 3.01 gigawatts of power generation capacity, addressing the Kingdom's growing energy demands and s…
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‧TrinaTracker's 3 GW Factory Boosts Saudi Arabia's Solar Ambitions
TrinaTracker, a subsidiary of Trinasolar Co. Ltd and a global leader in smart solar tracking solutions, has inaugurated a manufacturing facility in Saudi Arabia. Located in Jeddah's 3rd Industrial City, the plant is slated to commence operations in the first quarter of…
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‧Industry Confidence in Net-Zero Targets Declines Amid Policy and Investment Challenges
Confidence within the energy sector regarding the attainment of global net-zero emissions by 2050 has markedly decreased. The Energy Industries Council reports that only 16% of industry leaders now believe these climate goals are achievable, a significant drop from 45% the…
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‧Sheikh Mohamed Hosts Zelensky as UAE and Ukraine Strengthen Ties
UAE President Sheikh Mohamed bin Zayed Al Nahyan met with Ukrainian President Volodymyr Zelensky in Abu Dhabi on Monday, marking a significant step towards enhancing diplomatic and economic cooperation between the two nations. The meeting, which took place at Qasr Al Shati,…
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‧Masdar, TotalEnergies, and EPointZero Forge Alliance to Expand Clean Energy in Africa and Asia
In a strategic move to enhance sustainable energy access, Masdar, TotalEnergies, and EPointZero have entered into a framework agreement aimed at delivering clean energy solutions across Africa and Asia. This collaboration seeks to address energy deficits in underserved comm…
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‧Abu Dhabi Commercial Bank – Egypt Focuses on Sustainability and Green Finance
Abu Dhabi Commercial Bank Egypt is strategically aligning its operations with sustainability and green finance initiatives, reflecting the growing emphasis on environmentally responsible banking practices within the financial sector. The CEO of ADCB Egypt highlighted that …
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‧EDF and TAQA Collaborate on Geothermal Energy in Saudi Arabia
French energy giant EDF has entered a strategic partnership with TAQA Group, a Saudi-based energy company, to push forward innovations in geothermal energy technology. The deal, which also includes power generation and HVAC applications as well as compressed air energy stor…
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‧ESG Sukuk Market Surpasses $50 Billion Milestone
The Environmental, Social, and Governance sukuk market has achieved a significant milestone, with its outstanding value exceeding $50 billion by the end of 2024. This growth underscores the increasing integration of ethical and sustainable principles within Islamic finance…
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‧LEAP East Set to Transform Hong Kong's Tech Landscape in July 2026
LEAP, the acclaimed technology event, is expanding into Asia with the introduction of LEAP East, scheduled at the Hong Kong Convention and Exhibition Centre from 9 to 11 July 2026. Organised by Tahaluf, this inaugural event aims to attract global tech leaders, innovators, a…
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‧UAE Accelerates Electric Vehicle Infrastructure with 500 New Charging Stations by 2025
The United Arab Emirates is intensifying its commitment to sustainable transportation by planning to install 500 electric vehicle charging stations nationwide by the end of 2025. This initiative aims to support the growing adoption of EVs and reduce carbon emissions, alig…
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‧Middle East Faces Expanding Climate Adaptation Funding Shortfall
The Middle East confronts a significant and widening disparity between its climate adaptation funding requirements and actual expenditures. According to the Brookings Institution, the region's national adaptation plans and nationally determined contributions estimate …
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‧NEOM and DataVolt Forge Partnership to Propel Saudi Arabia's Data-Driven Future
NEOM and DataVolt have entered into a landmark agreement, marking a significant step toward realizing Saudi Arabia's vision for a sustainable, data-driven economy. This collaboration aims to establish advanced data centers within NEOM, the ambitious megacity under devel…
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‧Dubai Unveils Ambitious Plan for Car-Free Urban Zones
Dubai is advancing its sustainability agenda with the introduction of the Super Block initiative, aiming to establish car-free zones in key residential areas. This move seeks to enhance environmental quality and promote healthier urban living. The Super Block concept invol…
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‧Blue Bonds: A Potential Game-Changer for ESG Goals
Blue bonds, designed to finance marine conservation projects, are fast emerging as a promising avenue for investors and governments looking to meet environmental, social, and governance objectives. These financial instruments, closely linked to sustainable finance, hold gr…
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‧TA’ZIZ signs $1.7bn contract for Abu Dhabi methanol project
TA’ZIZ, the joint venture between Abu Dhabi National Oil Company and ADQ, has awarded a $1.7 billion engineering, procurement, and construction contract for a major methanol plant in Abu Dhabi. This development underscores the continued strategic expansion of the UAE’s in…
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‧Blockchain Revolutionizes Renewable Energy Sector with Innovative Projects
Blockchain technology is increasingly intersecting with renewable energy initiatives, offering transformative solutions that enhance transparency, efficiency, and accessibility in the energy market. This convergence is fostering a new era of decentralized energy systems, wh…
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‧Climate Change Amplified Likelihood of L.A. Wildfires
The likelihood of wildfires in Los Angeles has increased by 35 percent due to climate change, a new report suggests. According to the findings, rising temperatures, altered precipitation patterns, and prolonged droughts, all exacerbated by global warming, have contributed t…
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‧ADNOC Gas and EWEC Forge $10 Billion Natural Gas Agreement to Propel UAE's Energy Transition
ADNOC Gas has entered into a strategic partnership with the Emirates Water and Electricity Company (EWEC), marked by a 10-year natural gas sales and purchase agreement valued at $10 billion. This collaboration ensures a stable and flexible supply of natural gas, a critical …
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‧Etihad Rail Introduces CO2 Emission Avoidance and Reduction Certificates
Etihad Rail has launched the region's first "CO2 Emission Avoidance and Reduction Certificates," enabling businesses to quantify and validate the carbon savings achieved by choosing rail over alternative transport modes. This initiative aligns with the UAE'…
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‧Masdar Ventures into Philippines with $15 Billion Energy Investment
Masdar, the UAE-based renewable energy powerhouse, has announced a monumental venture in the Philippines, committing $15 billion towards the development of clean energy projects. This move marks a pivotal expansion for Masdar, aiming to bolster its growing footprint in Sout…