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Economy Middle East Summit 2025
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Environment
Saudi Arabia
Saudi Arabia launches Carbon Capture and Utilization Challenge with UpLink
This challenge aims to seek innovative solutions that accelerate the circular carbon economy
Sustainability
UAE expands EV charging network through Emirates Transport partnership, targeting 50 percent EV adoption by 2050
The deal will explore ways to make the public transport sector more sustainable
Sustainability
Sustainable investments could unlock $2 trillion for GCC countries by 2030: Report
Green finance is surging in the GCC, with over $8.5 billion in green and sustainable bonds and Sukuk issued in 2022
Energy
Sheikh Khaled witnesses signing ceremony for international partners joining ADNOC’s Ruwais LNG project
His Highness met with heads of global energy companies to discuss the future of the sector
Sustainability
One million mangrove seeds planted using drone technology in Abu Dhabi
EAD and its partners completed 14 programs with a progress implementation rate of 49 percent
Markets
Oil prices rise on larger-than-expected U.S. inventory draw, offsetting distillate stockpile build
Brent crude futures rose 0.2 percent to $84.84 per barrel
Markets
Oil prices stabilize as market monitors tropical storm Beryl, geopolitical developments
Brent oil futures for September delivery hovered around $85.72 per barrel
Miscellaneous
Abu Dhabi World Food Security Summit 2024 to empower innovative solutions for hunger-free world
The event is set to be hosted for the first time on November 26-27, 2024
Energy
DEWA’s IPWP model attracts $11.87 billion investment over 10 years
Key projects include the Mohammed bin Rashid Al Maktoum Solar Park, which aims for 5,000MW by 2030 at AED50 billion
Sustainability
UAE’s ADNOC, JBIC sign $3 billion green financing agreement
The credit facility is part of JBIC's GREEN lending program and is partially supported by Japanese commercial banks
Sustainability
Emissions spike 50 percent at Google as AI energy demands undermine sustainability targets
Data showed that Google's emissions increased 13 percent year over year in 2023
Sustainability
Tadweer Group launches four new subsidiaries to enhance waste recycling, conversion in Abu Dhabi
Tadweer Environmental Services and Solutions will focus on public waste collection activities
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