• India plugs into the Gulf region with power cables

    India is poised to revolutionize its energy landscape by linking its power grid with Saudi Arabia and the UAE via undersea cables.
  • GCC sets pace for global decarbonization efforts

    The region is in decarbonizing the built environment, with a focus on sustainable urban planning, energy-efficient buildings, and renewable energy integration.
  • Stable credit conditions make GCC firms resilient

    Gulf companies benefit from supportive credit environments, ensuring resilience in 2024 despite global economic challenges and geopolitical risks, says a report.
  • UAE’s economy rides on tech and renewable energy

    "The UAE's dedication to innovation and international partnerships as vital to enhancing its position on the global economic stage, bolstering the national economy," he adds, observing significant strides in diversifying the economy beyond oil through investments in tourism, technology, renewable energy, and financial services.
  • ‘Innovation is crucial for UAE’s energy efficiency’

    "Through effective and constructive collaboration with various local and international partners, we have succeeded in establishing an integrated energy transition system that embraces innovation as its core approach," he adds, highlighting the importance of investing in the youth and developing their skills, as they will play a key role in...
  • Investors eye UAE’s booming sustainable finance sector

    "Numerous opportunities exist in sustainable investments, especially in sectors like building systems, renewable energy, water, food and agriculture, shipping, among others. Additionally, there's a noticeable increase in financing for sustainable investments from high-net-worth individuals, family businesses, and institutional funds globally," she adds.
  • WEF24: AI stays at forefront of energy revolution

    There is a need for global policy alignment to meet the rising energy demands and tackle climate change challenges, Marco Arcelli, CEO of ACWA Power, tells TRENDS.
  • Embracing renewables secures UAE’s green future

    "COP28 saw all parties reach an agreement on the historic ‘UAE Consensus.’ This consensus includes achieving a well-organized, responsible, fair, and realistic transition to a zero-carbon energy system. It also set, for the first time, specific time-bound goals to triple the capacity of renewable energy sources by 2030," he adds.
  • Sustainable practices make GCC economy resilient

    A shift to green tech and renewable energy is fostering the Gulf economy's resilience and diversification for a sustainable future, says Phil Malem of Serco Middle East.
  • Gulf countries eye global metal recycling hub status

    Amidst an electric vehicle market boom, a looming global shortage of crucial minerals such as lithium and cobalt threatens to double metal prices. The region expects to benefit from it.
  • ACWA Power-led consortium signs deal for wind energy project

    Cairo, Egypt -- The Egyptian government signed an agreement yesterday with a consortium led by the Saudi company ACWA Power for the largest wind energy production project in the Middle East.With investments reaching up to $1.5 billion, the project will be established in the Gulf of Suez and Jebel El-Zeit...
  • GCC forges ahead in sustainable tech initiatives

    In 2023, the Gulf countries made a strong push towards renewable energy and pioneering green hydrogen projects, signaling a significant green transition in the region.
  • Saudi Arabia to launch 35 renewable energy projects in 2024: Minister

    Riyadh, Saudi Arabia -- Saudi Ministry of Industry and Mineral Resources is set to launch nearly 35 renewable energy projects in 2024, Minister Bandar AlKhorayef said. The coming year will witness the execution of a big number of projects as well as investments, AlKhorayef added on the sidelines of the...
  • Climate threats haunt GCC’s economy and finance

    The GCC faces a critical challenge as climate risks like extreme heat and water stress rise, potentially impacting the region's economic stability and financial health.
  • ACWA Power signs $800m agreement for South Africa renewable project

    Dubai, UAE -- Saudi-listed renewable energy giant ACWA Power has signed a $800 million power purchase agreement for ACWA Power Project DAO, South Africa's largest (150MW) hybrid dispatchable renewable energy project. South Africa's Minister of Mineral Resources and Energy, Gwede Mantashe, signed the Implementation Agreement and Segomoco Scheppers from Eskom signed...
  • ‘Nuclear solutions remain key to sustainable future’

    “In the context of energy transition, flexibility is gaining more traction in the energy markets. This is exactly what small modular reactor technologies offer. They enable us to bring nuclear power to places where conventional nuclear plants are too large,” Komarov adds.
  • Clean energy sees marked investment rise since 2020

    With a 40% increase in clean energy investments since 2020 and a focus on innovative policies, the global community is making strides towards a greener future, says an expert.
  • Public-private partnerships play key role in environmental finance, says EIF official

    DUBAI, UAE – Public-private partnerships have the potential to play a significant role in mobilizing private financing for environmental solutions, said Merilin Horats-Beasley, Senior Climate Policy Officer at the European Investment Fund (EIF), Europe’s largest financier of venture capital and private equity. Speaking to TRENDS during The United Nations Climate...
  • UAE witnesses 7% rise in youth green skills in 2023

    “We will work to create about 135,000 jobs in the field of green transition worldwide, and therefore ensuring that there are sufficient skills and a sustainable supply of skills among youth to fill those jobs will be very vital. We are doing a lot of training on environmental and social...
  • UAE leads global renewable energy drive: IRENA envoy

    The UAE plays a pivotal role as IRENA headquarters and key renewable energy hub, Dr Nawal Al Hosany, the permanent representative of the UAE to IRENA, tells TRENDS.
  • Renewable energy, sustainability drive GCC growth

    The GCC's transformation towards sustainability encompasses economic growth, job creation, and resource management, shaping a resilient and green future for the region.
  • COP28 strong push for climate action in Arab region

    "The UNDP has spent approximately $1 billion in the Arab region for integrated development solutions driven by national priorities and the program's strategic plan. It's time to use climate support avenues for economic transformation, fair transitions, and green investment in areas such as the circular economy," he adds.
  • UAE banks align with global sustainability standards

    “The pledge made by our UBF Chairman, Abdulaziz Al Ghurair, to mobilize over AED 1 trillion in sustainable finance, represents the collective efforts of our leading national member banks and is a true testament to our financial sector’s commitment to supporting the building of a better future," he adds.
  • ‘COP28 makes significant strides in climate action’

    "COP28 is a very important conference because what it's doing is not just bringing people together, but it provides certainty about the deadline that everyone wanting to make any real commitment must adhere to," he adds, underscoring the significance of the UN Climate Change Conference being held in Dubai.
  • Masdar, Taaleri acquire 8 energy projects

    The hybrid renewable energy projects in Poland have 1Gw capacity.
  • Masdar, EDF to develop up to 3.6GW of hydropower, renewable projects in Kyrgyzstan

    Dubai, UAE – Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy powerhouse, and EDF have signed an agreement with the Ministry of Energy of the Kyrgyz Republic to explore the development of hydropower and renewable projects with a combined capacity of up to 3.6 gigawatts (GW). The agreement...
  • Innovations spur Qatar’s petrochemical sector growth

    "A fair, safe, and sustainable transition to low-carbon energy is crucial for protecting the planet and fostering economic growth. Achieving this goal requires focusing on three key areas essential for enabling the transition," he adds, highlighting that placing the burden solely on energy producers is unfair.
  • Tunisia aims to reach 30% renewable energy by 2030: Delegate to COP28

    Dubai, UAE - Tunisia has set a goal to reduce greenhouse gas emissions by 45 percent by 2030, and is one of the first countries to announce its intention to achieve carbon neutrality by 2050, Mohamed Zmerli, Official Representative of Tunisia in the United Nations Framework Convention on Climate Change...
  • Masdar, PLN push to build world’s largest floating solar plant

    Dubai, UAE -- Abu Dhabi Future Energy Company (Masdar) has signed agreements to collaborate with Indonesia’s state-owned utility company, PLN, to move ahead with major development plans for Southeast Asia’s largest floating solar power plant and explore green hydrogen opportunities. The partnership has already resulted in the launch of Southeast...
  • ACWA Power launches Phase I of green hydrogen project in Uzbekistan

    Riyadh, Saudi Arabia -- Saudi renewables giant ACWA Power has said it launched the first phase of green hydrogen project in Uzbekistan, with a production capacity of 3,000 tons per year. In a statement, the company added that the project will be developed in two phases. The first phase, a...
  • Act now as climate crisis has reached critical point

    "Renewable energy is key to our planet's future. It's time to phase out fossil fuels and embrace sustainable solutions. The fate of humanity depends on the decisions made at this COP. I urge you to take the lead. The fate of humanity hangs in the balance. Make this COP count,"...
  • Act now as climate crisis has reached critical point

    "Renewable energy is key to our planet's future. It's time to phase out fossil fuels and embrace sustainable solutions. The fate of humanity depends on the decisions made at this COP. I urge you to take the lead. The fate of humanity hangs in the balance. Make this COP count,"...
  • UAE a pioneer in renewable energy: Palau President

    “COP28 is attracting significant interest from various participating countries and will serve as an important forum for climate enthusiasts. This reflects the commitment of people who are eager to enact change and preserve the planet by taking serious steps towards a better future,” President Whipps adds.
  • Time to transform climate commitments into action

    "At COP28, governments need to focus on two timeframes: an immediate surge in climate action and a springboard for the next crucial two years and beyond. In Dubai, governments must determine which bolder actions are necessary and how to implement them. COP28 must be more than a photo opportunity," he...
  • UAE pioneers smart city, clean energy initiatives

    "The country's strategies, such as the Energy Strategy 2050, aims at raising the share of clean energy in the total energy mix from 25% to 50% by 2050 and cut carbon emissions from power generation by 70%. The Dubai Clean Energy Strategy 2050 will meet 75% of its energy needs...
  • EDB commits US$350m for renewable energy projects in developing countries

    ABU DHABI, UAE - Emirates Development Bank (EDB) has committed US$350 million (AED 1.3 billion) to support the Energy Transition Accelerator Financing (ETAF) platform to accelerate the financing and drive funding of renewable energy projects in developing countries. The ETAF platform is a global climate finance facility established by the International...
  • MENA’s $2trn construction boom boosts sustainability

    With innovative technologies and a focus on reducing emissions, this transformation could position the region as a global leader in sustainable urban development.
  • Diversification remains crucial for oil-rich nations

    Combating climate change demands global collaboration and collective action, European Commissioner for Cohesion and Reforms Elisa Ferreira tells TRENDS in an interview.
  • ACWA Power 9M net profit up 22%

    The company said higher operating income was the main driver.
  • Diversification remains crucial for oil-rich nations

    Combating climate change demands global collaboration and collective action, European Commissioner for Cohesion and Reforms Elisa Ferreira tells TRENDS in an interview.
  • Total of 52 MoUs signed in Saudi-Korean Investment Forum

    RIYADH, SAUDI ARABIA – A total of 52 memorandums of understanding (MoUs) were signed at the Saudi-Korean Investment Forum here. The MoUs were signed by both government and private entities. Government agencies signed four MoUs with the private sector in areas such as real estate development, automotive, and water. President...
  • Collaboration crucial for renewable energy transition

    "World peace and security, along with social, economic, and political stability, hinge on two pivotal factors: addressing climate issues and investing in clean and renewable energy sources through a just and responsible energy transition, and leveraging advanced technologies to combat the effects of climate change," Ghobash adds.
  • Dubai’s sustainable vision beyond skyline

    Dubai is prioritizing renewable energy, sustainable design, water conservation, and biodiversity protection. Its commitment to a sustainable future showcases its dedication to preserving the environment.
  • Dubai emerges as global hotspot for startup innovation

    The emirate has transformed into a hub of entrepreneurship and ingenuity over the years. Renowned for its ambitious vision and relentless drive for excellence, the city epitomizes the boundless opportunities available for those with a pioneering mindset and a passion for innovation.
  • Masdar enters Tajikistan market with plans to explore 500MW clean energy projects

    Abu Dhabi, UAE - UAE’s clean energy powerhouse Masdar expands Central Asian presence with agreement to explore ground-mounted solar, onshore wind, floating solar and hydropower in land-locked and water-rich Tajikistan MW Energy, a joint venture between Abu Dhabi Future Energy Company – Masdar and W Solar Investment, has signed an...
  • BRICS group poised to shape global economy’s future

    “This potential is further amplified by its vast human resources, and cutting-edge technological and industrial capabilities,” he adds, emphasizing that BRICS could shift global focus to urgent matters like climate change, energy security, innovation, and the promotion of investments in emerging technologies.
  • AMEA reaches financial closure on PV plant

    The $86m project will be AMEA's first operational asset in Tunisia.
  • COP28 to boost climate resilience and agri innovation

    Chaired by UAE Envoy for Climate Change Sultan Al Jaber, the global climate summit will focus on a four-pillar strategy for a sustainable future.
  • Middle East sets global standards in renewable energy

    This TRENDS Explainer Video explores how the Middle East is fueling its economy with renewables like solar, wind, and green hydrogen, catalyzing a global clean energy shift.
  • G20 treads lightly on Ukraine war, climate issues

    The African Union joined the G20, boosting Africa's voice, while a new initiative aims to connect Europe, the Middle East, and India through infrastructure.