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Gulf economies are on a stable track despite risks

Location:

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…

UAE set to lead world in renewable energy

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UNITED ARAB EMIRATES

Outlook for the renewables sector.

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…

Oman’s green hydrogen sector will grow over the decade

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OMAN

Oman has a long pipeline of green hydrogen projects and the clearest strategy in the Gulf for the industry’s development. It aims to have 30 gigawatts of electrolyser capacity by…

Prospects for the Gulf states in 2022

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PROSPECTS 2022

Prospects for the Gulf states in 2022.

Israel may miss climate targets, despite rising risk

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ISRAEL

Public environmental awareness is relatively poor, though a February oil spill affecting beaches was a wake-up call. Green issues are also not a national political priority. Ahead…

International LNG trade patterns will evolve further

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INTERNATIONAL

Europe's decisive move away from Russian pipeline gas since February 2022 has changed hugely the global LNG trade. Between 2019 and 2022, the global LNG market grew by 12%, with…

Gulf states’ non-oil growth will depend on oil income

Location:

GULF STATES

The deal links two key sectors in the six Gulf Cooperation Council (GCC) countries’ efforts to diversify their hydrocarbon-dependent economies, connecting transportation and…

Abu Dhabi will boost oil output for energy transition

Location:

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…

Abu Dhabi's international expansion will increase

Location:

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…