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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…

Oman will lead Middle East in green hydrogen progress

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OMAN

Oman is outpacing most global competitors in laying foundations to become a major international supplier of the carbon-free fuel, augmenting its natural advantages with…

US-Middle East alignment unlikely

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UNITED STATES/MIDDLE EAST

He will meet Israeli and Palestinian leaders and top officials from Gulf Cooperation Council (GCC) members Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates…

Muscat may be gambling oil revenue on Gulf aid

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OMAN/GULF STATES

OMAN/GULF STATES: Muscat may gamble oil revenue

United Arab Emirates’ green transition will intensify

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UNITED ARAB EMIRATES

Earlier in July, the United Arab Emirates (UAE) government unveiled ambitious new targets for clean power and low-carbon hydrogen production. The main emirates are accelerating…

Qatar’s diversification plans will lag regional rivals

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QATAR

PMI data indicate that the non-oil private sector continues to expand in 2023 as the government attempts to diversify its economic base away from gas dependency. Regulatory reform…

Iran gas can diversify European supplies in long term

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IRAN

The deal reached between Iran and the P5+1 negotiating group (UN Security Council permanent members plus Germany) on July 14 promises to end most sanctions on the country, in…

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…

The Gulf will take on the energy transition challenge

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GULF STATES

The zero-carbon fuel, promoted as a way to assist a global energy transition away from oil and gas, is the focus of major planned projects in Oman and Saudi Arabia. Meanwhile…

Water scarcity will add costs for Middle East AI hubs

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MIDDLE EAST

In aggregate, Israel and leading Arab states plan to spend approximately USD100bn over the next few years to develop data centres to support the AI ecosystem. This will require…