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Prospects for MENA green energy transition to 2030

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PROSPECTS 2030

High oil and gas prices have incentivised Middle Eastern and North African (MENA) hydrocarbon importers to accelerate their renewables build-outs, while exporters have deployed…

Qatar’s green strategy will focus on greening of LNG

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QATAR

Doha’s decarbonisation strategy, which started slowly, focuses on electricity production and industrial exports. Qatar has toughened sustainability targets and moved swiftly…

Trade will tighten Gulf-South Korea relations

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GULF STATES/SOUTH KOREA

Previously, in December 2023, South Korea signed a landmark free trade agreement (FTA) with the six-nation Gulf Cooperation Council (GCC), only the bloc’s second with a major…

Gulf economies are on a stable track despite risks

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GULF STATES

The IMF has revised downwards its forecast for Saudi GDP growth in 2024 to 2.7% but raised its 2025 forecast to 5.5%. This reflects a positive medium-term outlook for the Gulf…

Abu Dhabi's international expansion will increase

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ABU DHABI

The deal was the company’s fourth overseas gas deal as part of its international strategy to diversify its revenue streams from domestic oil production to equip it better to…

Abu Dhabi will boost oil output for energy transition

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UNITED ARAB EMIRATES

This is part of a wider strategy to capture more value from hydrocarbons resources, launched after a major corporate restructuring following the 2015 oil price crash. The publicly…

Saudi Arabia will implement a dual climate policy

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SAUDI ARABIA

Ahead of COP26, Saudi Arabia announced a Green Initiative and ambitious targets including net-zero carbon emissions by 2060. At the same time, officials are arguing that continued…

Algeria to build and diversify energy and other ties

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ALGERIA

Algeria’s traditional foreign policy of non-alignment has been tested by Russia’s invasion of Ukraine. It is performing a delicate balancing act, preserving close political and…

Criticism will mount ahead of the Emirati-hosted COP28

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UAE

The move is the latest of the UAE’s attempts to portray itself as a supporter of action against climate change ahead of its hosting the COP28 global climate summit. Climate change…

Prospects for the Gulf states in 2022

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PROSPECTS 2022

Prospects for the Gulf states in 2022.