Bahrain to host Middle East energy summit
The event, held in the presence of Dr. Mohamed bin Mubarak Bin Daina, Minister of Oil and Environment and Special Envoy for Climate Affairs, seeks to facilitate critical dialogue regarding the region's energy landscape in the context of escalating global demand for sustainable solutions.
MPGC 2025 will feature a distinguished lineup of industry leaders and experts who will engage in discussions around the theme of 'Balancing Traditional and Renewable Energy in the Middle East.' The conference will serve as a vital platform for exploring global market dynamics and the future trajectory of energy.
The inaugural day (May 27) will commence with keynote addresses from Mark Eramo, Co-President of S&P Global Commodity Insights and Mark Thomas, Group CEO of Bapco Energies, with Dr. Mohamed bin Mubarak Bin Daina in attendance. The agenda will encompass topics such as navigating the energy frontier, geopolitical influences on markets, and an in-depth examination of global oil and gas dynamics.
On the second day (May 28), the focus will transition to downstream perspectives and low-carbon energy sources. Attendees can expect presentations and discussions addressing refining outlooks, transportation fuels, sustainable aviation fuel, and the integration of gas with solar and nuclear energy, alongside the pivotal influences of carbon markets.
'MPGC 2025 represents a crucial platform for industry stakeholders to convene and explore the complexities of the energy landscape, fostering collaboration and innovation towards a sustainable future. We look forward to welcoming attendees to this important event, which underscores the significant role the Middle East plays in shaping the global energy landscape,' said Lyn Tattum, Vice President and Head of Events at S&P Global Commodity Insights.
Participants from the Middle East, Asia, Africa, Europe, and the Americas are expected to gather at MPGC 2025, including key stakeholders from the oil and gas sector, financial institutions, regulatory bodies, and renewable energy industries.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Biz Bahrain
a day ago
- Biz Bahrain
Sustainability Forum Middle East to launch fourth edition in the Kingdom of Bahrain
Sustainability Forum Middle East announced that it will launch its fourth edition on January 27–28, 2026, at the Four Seasons Hotel in the Kingdom of Bahrain, focusing on 'Advancing Alignment, Innovation, and Implementation for Energy and Climate Transformation.' The Forum will be held in the presence of H.E. Dr. Mohamed bin Mubarak Bin Daina, Minister of Oil and Environment, Special Envoy for Climate Affairs of the Kingdom of Bahrain, and with the support of the Supreme Council for Environment. The Forum expects another year of strong attendance and high-level engagement from over 400 senior business leaders and regional and international sustainability experts, with the two-day event featuring a world-class programme of keynotes, fireside chats, and interactive panel discussions covering topics essential to achieving the region's climate and net-zero ambitions, alongside a lineup of more than 50 expert speakers from MENA, Asia, Europe, and North and South America will share insights, strategies, and solutions on how to shape a sustainable climate economy through cooperation, mobilization, and innovation. Key themes will include strategies for aligning business models with climate action, aligning ambition and action across regional states, scaling financing for critical climate- and nature-positive initiatives, advancing policy and regulatory frameworks, human capital and capacity building, fostering innovation and accelerating technological advancements, and the role of women in climate, among others. Training and skills development will also continue as a key pillar of the Forum, with day two dedicated to human capital development. In partnership with leading global and regional consulting and advisory firms with strong ESG and climate practices, the Forum will offer practical learning workshops aimed at advancing understanding and skills to move sustainability and climate more effectively up the agenda of private and public organisations and helping them develop real capacity to act. Registration is now open for the Forum's fourth edition, which presents a valuable opportunity for participants to build partnerships with sector leaders from around the world and benefit from practical workshops designed to develop skills in sustainability, energy, and climate-related fields — supporting their readiness to contribute to the transition towards a low-carbon economy. Commenting, Ms. Laila Danesh, Managing Director at FinMark Communications, the Forum's founder and organiser, said, 'We are delighted to announce the Forum's fourth edition, which will again bring together an outstanding lineup of speakers, partners, and attendees. The Forum serves as a key regional platform for high-level engagement, dialogue, and capacity building to support MENA's climate action. We look forward to another meaningful programme that will feature discussions, promote hands-on learning, and foster collaboration — all aimed at supporting the current transformation of the regional economies as they move towards a more sustainable and resilient future.' For more information on the Forum and how to partner or register, please visit: or contact [email protected] / +973 17 749759.
Gulf Insider
02-08-2025
- Gulf Insider
Saudi Arabia's GDP Grows 3.9% In Q2 On Rebound In Oil, Non-Oil Sectors
Saudi Arabia's real GDP expanded by 3.9% year-on-year in the second quarter of 2025, according to flash estimates released by the General Authority for Statistics (GASTAT). The growth was led by a 4.7% increase in non-oil activities, followed by a 3.8% rise in oil activities and 0.6% in government activities. On a quarterly basis, seasonally adjusted GDP rose by 2.1% compared to Q1 2025, supported largely by a strong 5.6% jump in oil sector performance. Non-oil activities also posted a healthy 1.6% growth, while government activity declined slightly by 0.8%. Analysts at S&P Global Market Intelligence expect this momentum to continue in the second half of 2025. 'As oil production ramps up in line with OPEC+ agreements and Vision 2030 reforms continue to drive non-oil diversification, we forecast real GDP growth to accelerate to 4.8% in 2025, up from 2.0% in 2024,' they said in a statement. Domestic demand and consumer spending are expected to play a leading role in driving the economy this year, though private fixed investment may stay muted. Public investment growth is also likely to remain constrained as the kingdom manages fiscal deficit targets. The combination of rising oil exports and sustained non-oil expansion underscores Saudi Arabia's resilience amid shifting global economic dynamics and positions it for stronger full-year performance.
Daily Tribune
29-07-2025
- Daily Tribune
Dollar rises on EU-US trade deal but European stocks turn sour
The dollar jumped Monday on the back of the US-EU trade deal, but the main European stock markets fell, reflecting unease at terms viewed as lopsided. Frankfurt closed sharply down, as shares in German carmakers plunged. Paris dipped, while London -- outside the EU -- also receded. In New York, the S&P 500 and Nasdaq rose, while the Dow largely traded flat. While Brussels defended the deal it struck on the weekend as 'better than a trade war with the United States', several EU countries expressed unhappiness. European capitals saw the agreement's 15% tariffs on most EU exports to the United States -- but none on US ones to the EU -- as skewed. As part of the deal, President Donald Trump said the bloc had agreed to purchase '$750 billion worth of energy' from the United States, and make $600 billion in additional investments. 'While the deal has avoided a much worse outcome for now, it remains to be seen whether it will last,' cautioned Jack Allen-Reynolds, a eurozone economist at Capital Economics. With average US tariffs on EU imports now around 17%, 'we think this will reduce EU GDP by about 0.2%,' he said. He predicted that 'uncertainty is likely to remain high' because Trump 'could still change his mind even after the deal has been finalised and signed'. Oil prices rose strongly. That was partly on relief from the deal -- but also because Trump shortened a deadline for Russia to end its war in Ukraine to August 7 or 9, after which he vowed to sanction countries buying its crude. Monday also saw the start of a fresh round of trade negotiations between China and the United States ahead of August 12, when a 90-day truce between the economic superpowers is scheduled to end. Shares in European companies tracked the unease at the EU-US deal. Volkswagen, BMW and Porsche all shed more than three% as the implications of high tariffs on their exports to the United States sank in. In Paris, shares in Pernod Ricard, which exports wine and spirits to the United States, fell more than 3%. Shares in Dutch brewer Heineken -- the world's second-biggest beer-maker -- lost more than 8% in Amsterdam after it announced a drop in sales. Traders were prepared for a busy week in the United States, with a slew of corporate earnings reports -- including from Apple, Microsoft, Meta and Amazon -- and macro data readings coming their way giving indications about US jobs and growth. The Federal Reserve is expected to keep interest rates unchanged at its meeting this week, with investors focused on its outlook for the rest of the year given Trump's tariffs and recent trade deals. What did EU, US agree? Both sides confirmed there will be a 15-percent acrossthe-board rate on a majority of EU goods -- the same level secured by Japan this month. Most significantly, that means a tariff reduction for the EU auto sector from the 27.5 percent carmakers had been forced to pay. While 15 percent is much higher than pre-existing US tariffs on European goods -- averaging 4.8 percent -- it mirrors the status quo, with companies currently facing an additional flat rate of 10 percent imposed by Trump since April. The EU also agreed its companies would buy $750 billion of liquefied natural gas, oil and nuclear fuels from the United States -- split equally over three years -- to replace Russian energy sources. And it said it would pour $600 billion in additional investments in the United States -- based on the "investment intentions of private companies" in the bloc, a senior EU official explained. A White House factsheet said EU countries -- which recently pledged to ramp up defence spending within NATO -- "agreed to purchase significant amounts of US military equipment." But the EU official said arms procurement was not "agreed or discussed" -- suggesting Washington was alluding to purchases expected independently from the trade agreement. Will any goods be tarifffree? The White House said the deal involved 'the elimination of all EU tariffs on US industrial goods'. Brussels meanwhile said the leaders had agreed bilateral tariff exemptions for key goods -- with the exact list still to be finalised. The EU official said the bloc was ready to lower levies to zero percent on US cars, machinery products, some chemicals and items linked to fertilisers -- which could be an alternative to Russian sources. In exchange, the official said, Washington was expected to eliminate levies on European aircraft, certain medical devices and some pharmaceuticals for which the United States depends on EU imports. Discussions are ongoing about European alcohol exports becoming tariff-free -- including wine. The EU official also said the bloc would be willing to do away with levies on certain US products taxed at very low rates -- in the order of one to four percent -- including nuts, lobster, fish, dairy and pet food. Are there sector-specific terms? Semiconductors and pharmaceuticals are currently the target of US trade probes that could see Trump impose massive levies. Under the deal struck Sunday, the EU says the United States has agreed that whatever the outcome of those investigations, those sectors will not be taxed at more than 15 percent. The White House said pharmaceuticals and semiconductors would indeed be taxed at that rate. Protecting pharmaceuticals -- a major EU export to the United States and a critical sector for Ireland -- was a priority in the bloc's negotiations. Steel was another key area -- which along with copper and aluminium is currently facing a 50-percent US tariff. The White House said those sectoral tariffs 'will remain unchanged' but that it would 'discuss securing supply chains for these products' with the EU. But the EU official said the understanding was a certain quota of steel -- based on historic levels -- would enter the United States before the 50-percent levy kicks in. What happens next? The deal needs to be approved by EU states, under a process to be determined by what legal form the final agreement takes, the EU official said. On the US side, the majority of the undertakings are expected to be carried out by executive order. The EU had prepared a $109-billion retaliation package against US goods, which was due to take effect from August 7. Brussels will suspend the measures once Trump publishes his executive order.
