The Middle East is undergoing a significant energy transition, shifting its focus from traditional oil wealth to solar energy, with several countries investing heavily in this sector.

The region has set ambitious targets, such as the UAE's goal to achieve net zero emissions by 2050, with a planned investment of Dh600 billion ($163.5bn) in clean and renewable energy projects over the next three decades.

Countries like Egypt are also making significant strides, with the Benban Solar Park, one of the largest solar PV parks in the world, having a capacity of 1,800 megawatts and valued at $4 billion.

The Gulf of Suez Wind Power Project, a 1100 MW wind power project, is another notable example of the region's commitment to renewable energy.

The Middle East Solar Industry Association's Solar Outlook 2024 report highlights the growing contribution of solar energy to the region's energy transition, with countries like Saudi Arabia, the UAE, Morocco, and Egypt having high solar energy potential.

However, despite this progress, the region still faces significant challenges, including the need to reduce its reliance on fossil fuels and increase its use of renewable energy sources to meet climate goals.

The energy transition in the Middle East is expected to have a profound impact on the local economy, with the potential to create new job opportunities and drive economic growth.

According to the International Renewable Energy Agency (IRENA), the Arab Clean Energy Initiative aims to increase renewable energy generation capacity in the region from 12 GW in 2013 to 80 GW by 2030.

Overall, the energy transition in the Middle East is a complex and ongoing process, with countries in the region working to balance their economic, environmental, and social goals.

The Middle East is undergoing a significant energy transition, shifting its focus from traditional oil wealth to solar energy, with several countries investing heavily in this sector.

Title:

Content: Oil Minister: KPC ’ s 2040 Strategy is Strong and Ambitious in Energy Transformation Issues
Deputy Prime Minister and Minister of Oil and Minister of State for Economic Affairs and Investment Dr. Saad Al-Barrak said on Tuesday that KPC ’ s 2040 strategy program is strong and ambitious in the issues of energy transformation and carbon emission reduction.
In a speech during a ministerial session at the 12th Arab Energy Conference in Doha entitled (Energy, Environment and Sustainable Development), Barrak said that the countries of the region are serious about the issue of renewable and clean energy, expressing his pride that Kuwait, Saudi Arabia, Qatar, Egypt, the UAE, Jordan and Algeria are leading this transformation.
Barrak, who is also chairman of Kuwait Petroleum Corporation (KPC), said Middle East and North Africa countries, although rich in oil and gas, had raised their renewable energy capacity to 57 percent between 2022 and 2023.
"There is an attack on the so-called reduction of dependence on oil as a source of energy," he said, expressing surprise at the insistence on depriving many people and countries, most of them developing countries, of being the source of the economy that can transport them over the next 30 years to a life of prosperity, security and stability.
At the same time, he pointed out that Africa today needs about $25 billion a year to invest in energy until 2030, explaining that large numbers of people in Africa and elsewhere do not have access to electricity.
He pointed out that what drives the climate issue are “values ” related to the safety of the human environment, well-being and decent living, saying:“ Let us give the people of this region in Asia and Africa an opportunity to advance their resources, which God has granted to be in a position where they can exercise well-being. ”
For his part, Bahraini Minister of Oil and Environment Dr. Mohammed bin Dinah said in a similar speech during the session that the energy transition is not to serve the Framework Convention on Climate Change but to serve the peoples of the countries in which we live.
He added that fuel is an essential part of the economies or incomes of some countries, noting that it must be conserved and consumed in a balanced manner in order to be committed to the environment in the region in terms of carbon quantities.
For his part, the Director General of the Arab Planning Institute, Dr. Abdullah Al-Shami, said during the session that there are many challenges in the subject of energy, including the steady growth in the issue of cities and the demand for housing, which consumes 29% of the energy exported from oil and gas.
He added that the oil-exporting countries, mostly in the Middle East, are suffering from several problems such as increasing the cost of oil production, in addition to the lack of oil technology, such as oil exploration and lack of foreign investment, noting that these countries depend heavily on their oil revenues and energy.
Omer Farouk, secretary-general of the Organization of African Petroleum Producers, called for the need to look at the energy problem in a holistic way, not just focusing on fossil fuels.
If emissions are causing a climate problem, we need to confront and address emissions released by industrialized countries rather than targeting fossil fuels.
It is noteworthy that the 12th Arab Energy Conference was launched yesterday in Doha under the slogan (Energy and Arab Cooperation) and lasts for two days.
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The region has set ambitious targets, such as the UAE's goal to achieve net zero emissions by 2050, with a planned investment of Dh600 billion ($163.5bn) in clean and renewable energy projects over the next three decades.

Title:

Content: World Future Energy Summit to focus on providing ‘sustainability blueprint’

The three-day event will be held at the Abu Dhabi National Exhibition Centre from January 16 to January 18

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The 2023 World Future Energy Summit aims to provide a “crucial sustainability blueprint” amid a global focus on the energy transition and measures to boost investment in the renewables sector.

Energy industry leaders and policymakers from around the world will participate in the three-day event at the Abu Dhabi National Exhibition Centre from January 16 to January 18, organisers said on Wednesday.

The summit is the centrepiece of Abu Dhabi Sustainability Week, a global initiative championed by the UAE and Abu Dhabi's clean energy company Masdar to hasten sustainable development and advance economic, social, and environmental progress.

“This event has evolved just as the energy sector and our economies are transitioning,” said Suhail Al Mazrouei, Minister of Energy and Infrastructure.

“It has now morphed into the Middle East’s most important industry gathering, of which clean energy and infrastructure are key components.”

Countries in the Middle East such as the UAE, Saudi Arabia, Jordan, Oman and Egypt are boosting investment in the clean energy sector.

The UAE is investing Dh600 billion ($163.5bn) in clean and renewable energy projects over the next three decades as it aims to achieve net zero emissions by 2050.

It is building the world’s largest solar plant with a capacity of two gigawatts in Abu Dhabi's Al Dhafra region that is expected to be ready next year, as well as the Mohammed bin Rashid Solar Park in Dubai with a capacity of five gigawatts.

Saudi Arabia, the Arab world’s largest economy, also announced a number of new renewable energy projects as it seeks to become carbon neutral by 2060.

Egypt, the most populous country in the Arab world, aims to derive 42 per cent of its electricity mix from renewable sources by 2035. The North African country is hosting Cop27 next month.

“This newly transitioned event profile is in the right place at the right time, underlining a much-needed shift towards reaching our clean energy goals, as well as achieving sustainable governance and adopting consumption and [the] production of natural energy methods that ensure the quality of life for current and future generations,” Mr Al Mazrouei said.

Renewable energy investment continued to rise amid green transition efforts globally. Capital investments in renewables are set to surpass oil and gas spending for the first time in 2022 as high power prices prompt countries to further diversify their energy mix, according to a report by Rystad Energy.

Investment in renewable energy is set to hit $494bn in 2022, outstripping upstream oil and gas spending at $446bn for the year, the Oslo-based energy consultancy said this month.

In addition to the focus on energy, water, eco-waste, solar, smart cities, climate and the environment, next year's event will also preside over the launch of a dedicated hydrogen innovation centre as demand for the clean fuel picks up globally amid green transition efforts, organisers said.

The event takes place at a time when the UAE is preparing to host Cop28 next year.

Updated: October 19, 2022, 10:41 AM
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Countries like Egypt are also making significant strides, with the Benban Solar Park, one of the largest solar PV parks in the world, having a capacity of 1,800 megawatts and valued at $4 billion.

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Content: Chairman of the Board of Directors and Editors
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Mohamad Elbaz
Chairman of the Board of Directors and Editors
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Economy: Benban and the Gulf of Suez are among the largest renewable energy projects
Economic Middle East magazine, which specializes in economics and energy, said that the Benban solar park and the Gulf of Suez wind project in Egypt are considered among the largest renewable energy projects in the Middle East.
Renewable Energy Projects in the Middle East
The Middle East has long relied on oil and gas, not only for revenue but also for power generation, but in the past years, the region has positioned itself as a leader in the renewable energy sector, boasting numerous renewable energy projects.
From 2023 to 2028, Mordor Intelligence expects the renewable energy market in the Middle East to grow by 13.43% annually.
The Arab Clean Energy Initiative was launched by the International Renewable Energy Agency (IRENA), and during the Arab Economic and Social Development Summit of 2013, the League of Arab States adopted the initiative, with leaders pledging to increase renewable energy generation capacity in the region from 12 GW in 2013 to 80 GW by 2030.
Benban Solar Park
Located in Aswan, Egypt with a capacity of 1,800 megawatts, Benban Solar Park is valued at $4 billion and includes 41 solar power plants, one of the largest solar PV parks in the world, spanning 37 square kilometers and containing 7 million photovoltaic panels, this initiative is a component of Egypt ’ s Renewable Energy Feed Tariff (FiT) program, which was unveiled in September 2014.
Gulf of Suez Wind Power Project
In November last year, ACWA Power and the Sovereign Fund of Egypt (TSFE) signed a memorandum of understanding, and together they will invest in a 1100 MW wind power project in Jebel Zeit and the Gulf of Suez. The project is one of the largest onshore wind farms in the world, and aims to provide power to more than one million households and reduce annual CO2 emissions by 2.4 million tons.

The Gulf of Suez Wind Power Project, a 1100 MW wind power project, is another notable example of the region's commitment to renewable energy.

The Middle East Solar Industry Association's Solar Outlook 2024 report highlights the growing contribution of solar energy to the region's energy transition, with countries like Saudi Arabia, the UAE, Morocco, and Egypt having high solar energy potential.

Title:

Content: General Supervision
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Editor-in-Chief
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General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
World Future Energy Summit.
Green finance and climate change lead day 2
The second day of the World Future Energy Summit (WFES), held at the Abu Dhabi National Exhibition Centre (ADNEC) in the UAE, kicked off today.
The summit is the premier annual forum for future energy and sustainability.
The day ’ s events focused on green finance, with Boris Johnson, the former Prime Minister of the United Kingdom, stressing the urgency of correcting climate change and thinking outside the box, and providing inspiring views on the obstacles to investing in renewable energy and ways to develop it during a session entitled “Financing Global Approaches to Low-Carbon Economies ”.
“It takes a lot of in-depth social studies, practical solutions and a lot of financial support – governments around the world spend a lot of money to defend themselves against other governments, but we don ’ t spend that much money to fight everyone ’ s first enemy, climate change.
He believes that finding practical solutions requires a serious approach to financing and establishing an assembly line for simple renewable energy projects, so that tangible results can be achieved as soon as possible, which is not possible without setting aside the side issues that usually concern us or we will not be able to solve the problem for another 10 years.
Ahmed Bahieldin, General Manager and Commercial Officer for Europe, Middle East and Africa (EMEA) at GE Vernova, an independent public company spin-off of GE ’ s energy, wind and electricity business, also joined the panel.
“Time is an important factor, especially as there is a lot of capital looking for projects in advanced markets, especially in the areas of renewable energy sources and new technologies, and regulatory reforms and the structuring of the revenue model give more room for growth.
The second day of the summit also saw the launch of the Solar Outlook 2024 report, officially released by the Middle East Solar Industry Association at the World Future Energy Summit.
The report highlights the growing contribution of solar energy to the MENA region ’ s ongoing energy transition from traditional fossil fuels to renewables, amid continued manufacturing boom, population and economic growth, as well as concerns about climate change and environmental sustainability.
Solar Energy
According to the report, the Middle East and North Africa (MENA) region today has one of the highest levels of solar energy potential in the world, with countries such as Saudi Arabia, the United Arab Emirates, Morocco and Egypt contributing on average annual solar radiation exceeding 2,000 kilowatt-hours per square meter per year.
While the regional solar growth trajectory is expected to continue, the report reveals that it is still well below the levels required to replace the current fossil fuel contribution of 87%, with solar providing just over 2% of the current energy mix in the MENA region.
Denisa Vines, Secretary General of the Middle East Solar Industry Association, said: “The COP28 pledge to increase renewable energy capacity and double energy efficiency with the support of 124 countries has set ambitious targets to increase the deployment of renewable energy and energy efficiency measures by 2030, but we still face many challenges to achieve these goals, especially in the energy sector within the Gulf region. After 2030, a variety of technologies are expected to be market-ready, offering scalable solutions to decarbonize the energy sector, enabling a more effective role for renewables, energy efficiency and zero-emission technologies.
The broad pursuit of ambitious targets by 2030 is focused on public utility projects, which may overshadow the needs of the commercial and industrial sectors, and this underscores the importance of considering a balanced approach to energy deployment to ensure inclusive and sustainable development.
COP28 Pledges
Speaking at the Solar and Clean Energy Conference, Dr. Ralph Blumenthal, Head of Networks Programs Middle East at Siemens, praised the ongoing discussions on digitization and the great importance of integrating renewables into smart grids to help achieve the goals of the COP28 pledge.
Batteries are key if we want to triple renewables by 2030, and increase them nine-fold by 2050. Batteries are not only storage, they are essential to grid regulation and reduce disruptions that may occur during renewable energy generation. Today, around 1,500 GW of renewable energy has been installed globally and is ready for deployment, but cannot be integrated into networks. It operates 100% on renewable energy, but national grids have not yet been able to effectively integrate renewables on a large scale.
Constructive discussions and sessions on global energy issues and solutions will continue tomorrow with the Electric Mobility Forum, which will comprehensively examine the role of clean and independent transport in changing the future of city design, and what is needed to unlock the potential of investing in expanding electric mobility.

However, despite this progress, the region still faces significant challenges, including the need to reduce its reliance on fossil fuels and increase its use of renewable energy sources to meet climate goals.

Title:

Content: The Middle East is on the cusp of an energy revolution.
In the midst of unprecedented climate change
The next morning – follow up:
The world is currently facing extreme weather extremes, from flash floods to heavy rainfall to record-high temperatures and wildfires, all pointing to a single source: climate change driven by carbon emissions in the air.
The Middle East is particularly affected by this situation as it produces and consumes a very large amount of carbon-emitting fossil fuels that in turn lead to climate change.
A UN report by a UN scientific panel described climate change as unprecedented, saying it was definitely people who were responsible for climate change.
He called for drastic cuts in emissions in order to keep global temperature below the limits set out in the 2015 Paris climate agreement.
According to the Intergovernmental Panel on Climate Change (IPCC), “The scope of recent changes in aspects of the climate system as a whole and the current state of many aspects of the climate system are unprecedented for centuries or several millennia. ”
"Based on the available evidence, they have high confidence that atmospheric carbon dioxide concentrations were higher in 2019 than at any point in at least two million years, and that since 1970, global surface temperature has risen faster than any other 50 years in at least the last two millennia."
234 experts from 66 countries wrote the report, the most comprehensive since 2013.
Many of the effects of climate change can no longer be avoided today.
John Alterman, vice president of the Center for Strategic and International Studies, director of the Middle East Program and director of the Brzezinski Chair for Global and Strategic Security, says no region in the world is more immersed in the consequences of global climate change than the Middle East.
The region accounts for 30% of global oil production and oil revenues are the locomotive of government revenues in the region, either because countries produce oil or because countries produce a workforce working in oil-exporting countries and send money home.
Because of oil revenues, Middle Eastern governments can and do employ large numbers of their own population.
As the world moves away from oil as a source of energy, the economies of the Middle East will change profoundly.
John Alterman adds in a report published by the Center for Strategic and International Studies that at the same time the Middle East is vulnerable to the consequences of climate change.
The region is already extremely water-poor, with the Middle East having 9 of the 10 most water-poor countries.
Drought pushes farmers away from their land and the region ’ s many coastal cities are threatened by sea-level rise, and rising summer temperatures increasingly combine with humidity to endanger human survival.
The Middle East is thus rooted on both sides of the issue of climate change.
As global consumption patterns change, the Middle East will change profoundly.
With climate change, the Middle East will also change profoundly.
He adds that developing countries' energy consumption rises sharply as incomes increase and are likely to rely on existing equipment and technology for longer.
While the rich can spend thousands on green products, for much of the world ’ s population oil and gas will remain affordable fuel.
But Middle Eastern governments may not be willing to cut their oil production.
A sustained drop in global consumption, however small, would put pressure on Gulf states to increase output in a bid to drive higher-cost producers out of the market and ensure they are not left with less valuable barrels in the ground when consumption falls further.
Governments across the Middle East have been preparing for a post-oil world for years but are still far from their goals, says John Alterman.
In the Gulf countries, years will be needed to move from the reality of high-productivity, low-wage workers supporting the efforts of low-productivity, high-wage workers.
The energy transition will be important for more than just the Middle East.
Energy security is the driver of much of China ’ s recent investment in the region.
If China decides that its energy security derives from mines in Africa and not from wells in the Middle East, we should expect a shift in Chinese interest and capital.
If there is a more permanent role for oil and gas in the global energy picture, there could be more competition between the United States and China for regional influence.
Finally, Western countries could move away from hydrocarbons for environmental reasons while China and the developing world remain devoted to them for economic reasons.
This could almost be reflected in America abandoning its future role in the Middle East, with China capturing much of this inaction.
Related Articles

The energy transition in the Middle East is expected to have a profound impact on the local economy, with the potential to create new job opportunities and drive economic growth.

According to the International Renewable Energy Agency (IRENA), the Arab Clean Energy Initiative aims to increase renewable energy generation capacity in the region from 12 GW in 2013 to 80 GW by 2030.

Overall, the energy transition in the Middle East is a complex and ongoing process, with countries in the region working to balance their economic, environmental, and social goals.


The Middle East is undergoing a significant energy transition, shifting its focus from traditional oil wealth to investing heavily in solar energy and other renewable sources.

This transition is driven by the need to reduce carbon emissions and mitigate the impacts of climate change, as well as to diversify economies and ensure energy security.

Several countries in the region, including the United Arab Emirates, Saudi Arabia, Jordan, Oman, and Egypt, are leading the charge in this transition, with significant investments in solar energy and other renewable sources.

The UAE, for example, is investing Dh600 billion ($163.5 billion) in clean and renewable energy projects over the next three decades, with the goal of achieving net zero emissions by 2050.

Saudi Arabia has also announced several new renewable energy projects, aiming to become carbon neutral by 2060.

Egypt, meanwhile, aims to derive 42% of its electricity mix from renewable sources by 2035, with a focus on solar and wind energy.

One of the key national projects in the region is the Benban solar park in Egypt, which is one of the largest solar PV parks in the world, spanning 37 square kilometers and containing 7 million photovoltaic panels.

The park has a capacity of 1,800 megawatts and is valued at $4 billion, making it a significant contributor to Egypt's renewable energy goals.

Another major project is the Gulf of Suez wind power project, which is one of the largest onshore wind farms in the world, aiming to provide power to over one million households and reduce annual CO2 emissions by 2.4 million tons.

The current solar capacity in the Middle East is significant, with the region having one of the highest levels of solar energy potential in the world.

Countries such as Saudi Arabia, the UAE, Morocco, and Egypt have average annual solar radiation exceeding 2,000 kilowatt-hours per square meter per year, making them ideal locations for solar energy production.

According to the Middle East Solar Industry Association, the regional solar growth trajectory is expected to continue, with the solar energy market in the Middle East expected to grow by 13.43% annually from 2023 to 2028.

Government incentives are playing a crucial role in driving the energy transition in the Middle East, with several countries offering attractive incentives for investors in renewable energy.

The UAE, for example, has established a number of free zones and special economic zones that offer tax exemptions, easy licensing procedures, and other benefits to investors in renewable energy.

Similarly, Saudi Arabia has introduced a number of incentives, including a competitive tariff system and a streamlined licensing process, to encourage investment in renewable energy.

The impact of these efforts on the local economy is significant, with the energy transition creating new job opportunities, stimulating economic growth, and reducing dependence on oil exports.

According to a report by the International Renewable Energy Agency (IRENA), the renewable energy sector could support up to 24 million jobs globally by 2030, with a significant proportion of these jobs located in the Middle East.

The energy transition is also having a positive impact on climate goals, with the region's renewable energy investments helping to reduce carbon emissions and mitigate the impacts of climate change.

According to the UN's Intergovernmental Panel on Climate Change (IPCC), the Middle East is particularly vulnerable to the impacts of climate change, with rising temperatures, drought, and sea-level rise posing significant threats to the region's economies and societies.

In conclusion, the energy transition in the Middle East is a significant and ongoing process, driven by the need to reduce carbon emissions, diversify economies, and ensure energy security.

The region's investments in solar energy and other renewable sources are creating new job opportunities, stimulating economic growth, and reducing dependence on oil exports.

With continued government support and investment, the Middle East is poised to become a leader in the global renewable energy market, helping to mitigate the impacts of climate change and ensure a sustainable future for the region.

The Middle East is undergoing a significant energy transition, shifting its focus from traditional oil wealth to investing heavily in solar energy and other renewable sources.

This transition is driven by the need to reduce carbon emissions and mitigate the impacts of climate change, as well as to diversify economies and ensure energy security.

Title:

Content: Oil Minister: KPC ’ s 2040 Strategy is Strong and Ambitious in Energy Transformation Issues
Deputy Prime Minister and Minister of Oil and Minister of State for Economic Affairs and Investment Dr. Saad Al-Barrak said on Tuesday that KPC ’ s 2040 strategy program is strong and ambitious in the issues of energy transformation and carbon emission reduction.
In a speech during a ministerial session at the 12th Arab Energy Conference in Doha entitled (Energy, Environment and Sustainable Development), Barrak said that the countries of the region are serious about the issue of renewable and clean energy, expressing his pride that Kuwait, Saudi Arabia, Qatar, Egypt, the UAE, Jordan and Algeria are leading this transformation.
Barrak, who is also chairman of Kuwait Petroleum Corporation (KPC), said Middle East and North Africa countries, although rich in oil and gas, had raised their renewable energy capacity to 57 percent between 2022 and 2023.
"There is an attack on the so-called reduction of dependence on oil as a source of energy," he said, expressing surprise at the insistence on depriving many people and countries, most of them developing countries, of being the source of the economy that can transport them over the next 30 years to a life of prosperity, security and stability.
At the same time, he pointed out that Africa today needs about $25 billion a year to invest in energy until 2030, explaining that large numbers of people in Africa and elsewhere do not have access to electricity.
He pointed out that what drives the climate issue are “values ” related to the safety of the human environment, well-being and decent living, saying:“ Let us give the people of this region in Asia and Africa an opportunity to advance their resources, which God has granted to be in a position where they can exercise well-being. ”
For his part, Bahraini Minister of Oil and Environment Dr. Mohammed bin Dinah said in a similar speech during the session that the energy transition is not to serve the Framework Convention on Climate Change but to serve the peoples of the countries in which we live.
He added that fuel is an essential part of the economies or incomes of some countries, noting that it must be conserved and consumed in a balanced manner in order to be committed to the environment in the region in terms of carbon quantities.
For his part, the Director General of the Arab Planning Institute, Dr. Abdullah Al-Shami, said during the session that there are many challenges in the subject of energy, including the steady growth in the issue of cities and the demand for housing, which consumes 29% of the energy exported from oil and gas.
He added that the oil-exporting countries, mostly in the Middle East, are suffering from several problems such as increasing the cost of oil production, in addition to the lack of oil technology, such as oil exploration and lack of foreign investment, noting that these countries depend heavily on their oil revenues and energy.
Omer Farouk, secretary-general of the Organization of African Petroleum Producers, called for the need to look at the energy problem in a holistic way, not just focusing on fossil fuels.
If emissions are causing a climate problem, we need to confront and address emissions released by industrialized countries rather than targeting fossil fuels.
It is noteworthy that the 12th Arab Energy Conference was launched yesterday in Doha under the slogan (Energy and Arab Cooperation) and lasts for two days.
Source
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Several countries in the region, including the United Arab Emirates, Saudi Arabia, Jordan, Oman, and Egypt, are leading the charge in this transition, with significant investments in solar energy and other renewable sources.

Title:

Content: World Future Energy Summit to focus on providing ‘sustainability blueprint’

The three-day event will be held at the Abu Dhabi National Exhibition Centre from January 16 to January 18

Beta V.1.0 - Powered by automated translation

The 2023 World Future Energy Summit aims to provide a “crucial sustainability blueprint” amid a global focus on the energy transition and measures to boost investment in the renewables sector.

Energy industry leaders and policymakers from around the world will participate in the three-day event at the Abu Dhabi National Exhibition Centre from January 16 to January 18, organisers said on Wednesday.

The summit is the centrepiece of Abu Dhabi Sustainability Week, a global initiative championed by the UAE and Abu Dhabi's clean energy company Masdar to hasten sustainable development and advance economic, social, and environmental progress.

“This event has evolved just as the energy sector and our economies are transitioning,” said Suhail Al Mazrouei, Minister of Energy and Infrastructure.

“It has now morphed into the Middle East’s most important industry gathering, of which clean energy and infrastructure are key components.”

Countries in the Middle East such as the UAE, Saudi Arabia, Jordan, Oman and Egypt are boosting investment in the clean energy sector.

The UAE is investing Dh600 billion ($163.5bn) in clean and renewable energy projects over the next three decades as it aims to achieve net zero emissions by 2050.

It is building the world’s largest solar plant with a capacity of two gigawatts in Abu Dhabi's Al Dhafra region that is expected to be ready next year, as well as the Mohammed bin Rashid Solar Park in Dubai with a capacity of five gigawatts.

Saudi Arabia, the Arab world’s largest economy, also announced a number of new renewable energy projects as it seeks to become carbon neutral by 2060.

Egypt, the most populous country in the Arab world, aims to derive 42 per cent of its electricity mix from renewable sources by 2035. The North African country is hosting Cop27 next month.

“This newly transitioned event profile is in the right place at the right time, underlining a much-needed shift towards reaching our clean energy goals, as well as achieving sustainable governance and adopting consumption and [the] production of natural energy methods that ensure the quality of life for current and future generations,” Mr Al Mazrouei said.

Renewable energy investment continued to rise amid green transition efforts globally. Capital investments in renewables are set to surpass oil and gas spending for the first time in 2022 as high power prices prompt countries to further diversify their energy mix, according to a report by Rystad Energy.

Investment in renewable energy is set to hit $494bn in 2022, outstripping upstream oil and gas spending at $446bn for the year, the Oslo-based energy consultancy said this month.

In addition to the focus on energy, water, eco-waste, solar, smart cities, climate and the environment, next year's event will also preside over the launch of a dedicated hydrogen innovation centre as demand for the clean fuel picks up globally amid green transition efforts, organisers said.

The event takes place at a time when the UAE is preparing to host Cop28 next year.

Updated: October 19, 2022, 10:41 AM
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MORE FROM THE NATIONAL

The UAE, for example, is investing Dh600 billion ($163.5 billion) in clean and renewable energy projects over the next three decades, with the goal of achieving net zero emissions by 2050.

Saudi Arabia has also announced several new renewable energy projects, aiming to become carbon neutral by 2060.

Egypt, meanwhile, aims to derive 42% of its electricity mix from renewable sources by 2035, with a focus on solar and wind energy.

One of the key national projects in the region is the Benban solar park in Egypt, which is one of the largest solar PV parks in the world, spanning 37 square kilometers and containing 7 million photovoltaic panels.

Title:

Content: Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Chairman of the Board of Directors and Editors
I'm sorry.
Mohamad Elbaz
Economy: Benban and the Gulf of Suez are among the largest renewable energy projects
Economic Middle East magazine, which specializes in economics and energy, said that the Benban solar park and the Gulf of Suez wind project in Egypt are considered among the largest renewable energy projects in the Middle East.
Renewable Energy Projects in the Middle East
The Middle East has long relied on oil and gas, not only for revenue but also for power generation, but in the past years, the region has positioned itself as a leader in the renewable energy sector, boasting numerous renewable energy projects.
From 2023 to 2028, Mordor Intelligence expects the renewable energy market in the Middle East to grow by 13.43% annually.
The Arab Clean Energy Initiative was launched by the International Renewable Energy Agency (IRENA), and during the Arab Economic and Social Development Summit of 2013, the League of Arab States adopted the initiative, with leaders pledging to increase renewable energy generation capacity in the region from 12 GW in 2013 to 80 GW by 2030.
Benban Solar Park
Located in Aswan, Egypt with a capacity of 1,800 megawatts, Benban Solar Park is valued at $4 billion and includes 41 solar power plants, one of the largest solar PV parks in the world, spanning 37 square kilometers and containing 7 million photovoltaic panels, this initiative is a component of Egypt ’ s Renewable Energy Feed Tariff (FiT) program, which was unveiled in September 2014.
Gulf of Suez Wind Power Project
In November last year, ACWA Power and the Sovereign Fund of Egypt (TSFE) signed a memorandum of understanding, and together they will invest in a 1100 MW wind power project in Jebel Zeit and the Gulf of Suez. The project is one of the largest onshore wind farms in the world, and aims to provide power to more than one million households and reduce annual CO2 emissions by 2.4 million tons.

The park has a capacity of 1,800 megawatts and is valued at $4 billion, making it a significant contributor to Egypt's renewable energy goals.

Another major project is the Gulf of Suez wind power project, which is one of the largest onshore wind farms in the world, aiming to provide power to over one million households and reduce annual CO2 emissions by 2.4 million tons.

The current solar capacity in the Middle East is significant, with the region having one of the highest levels of solar energy potential in the world.

Countries such as Saudi Arabia, the UAE, Morocco, and Egypt have average annual solar radiation exceeding 2,000 kilowatt-hours per square meter per year, making them ideal locations for solar energy production.

According to the Middle East Solar Industry Association, the regional solar growth trajectory is expected to continue, with the solar energy market in the Middle East expected to grow by 13.43% annually from 2023 to 2028.

Government incentives are playing a crucial role in driving the energy transition in the Middle East, with several countries offering attractive incentives for investors in renewable energy.

The UAE, for example, has established a number of free zones and special economic zones that offer tax exemptions, easy licensing procedures, and other benefits to investors in renewable energy.

Similarly, Saudi Arabia has introduced a number of incentives, including a competitive tariff system and a streamlined licensing process, to encourage investment in renewable energy.

The impact of these efforts on the local economy is significant, with the energy transition creating new job opportunities, stimulating economic growth, and reducing dependence on oil exports.

According to a report by the International Renewable Energy Agency (IRENA), the renewable energy sector could support up to 24 million jobs globally by 2030, with a significant proportion of these jobs located in the Middle East.

Title:

Content: The Middle East is on the cusp of an energy revolution.
In the midst of unprecedented climate change
The next morning – follow up:
The world is currently facing extreme weather extremes, from flash floods to heavy rainfall to record-high temperatures and wildfires, all pointing to a single source: climate change driven by carbon emissions in the air.
The Middle East is particularly affected by this situation as it produces and consumes a very large amount of carbon-emitting fossil fuels that in turn lead to climate change.
A UN report by a UN scientific panel described climate change as unprecedented, saying it was definitely people who were responsible for climate change.
He called for drastic cuts in emissions in order to keep global temperature below the limits set out in the 2015 Paris climate agreement.
According to the Intergovernmental Panel on Climate Change (IPCC), “The scope of recent changes in aspects of the climate system as a whole and the current state of many aspects of the climate system are unprecedented for centuries or several millennia. ”
"Based on the available evidence, they have high confidence that atmospheric carbon dioxide concentrations were higher in 2019 than at any point in at least two million years, and that since 1970, global surface temperature has risen faster than any other 50 years in at least the last two millennia."
234 experts from 66 countries wrote the report, the most comprehensive since 2013.
Many of the effects of climate change can no longer be avoided today.
John Alterman, vice president of the Center for Strategic and International Studies, director of the Middle East Program and director of the Brzezinski Chair for Global and Strategic Security, says no region in the world is more immersed in the consequences of global climate change than the Middle East.
The region accounts for 30% of global oil production and oil revenues are the locomotive of government revenues in the region, either because countries produce oil or because countries produce a workforce working in oil-exporting countries and send money home.
Because of oil revenues, Middle Eastern governments can and do employ large numbers of their own population.
As the world moves away from oil as a source of energy, the economies of the Middle East will change profoundly.
John Alterman adds in a report published by the Center for Strategic and International Studies that at the same time the Middle East is vulnerable to the consequences of climate change.
The region is already extremely water-poor, with the Middle East having 9 of the 10 most water-poor countries.
Drought pushes farmers away from their land and the region ’ s many coastal cities are threatened by sea-level rise, and rising summer temperatures increasingly combine with humidity to endanger human survival.
The Middle East is thus rooted on both sides of the issue of climate change.
As global consumption patterns change, the Middle East will change profoundly.
With climate change, the Middle East will also change profoundly.
He adds that developing countries' energy consumption rises sharply as incomes increase and are likely to rely on existing equipment and technology for longer.
While the rich can spend thousands on green products, for much of the world ’ s population oil and gas will remain affordable fuel.
But Middle Eastern governments may not be willing to cut their oil production.
A sustained drop in global consumption, however small, would put pressure on Gulf states to increase output in a bid to drive higher-cost producers out of the market and ensure they are not left with less valuable barrels in the ground when consumption falls further.
Governments across the Middle East have been preparing for a post-oil world for years but are still far from their goals, says John Alterman.
In the Gulf countries, years will be needed to move from the reality of high-productivity, low-wage workers supporting the efforts of low-productivity, high-wage workers.
The energy transition will be important for more than just the Middle East.
Energy security is the driver of much of China ’ s recent investment in the region.
If China decides that its energy security derives from mines in Africa and not from wells in the Middle East, we should expect a shift in Chinese interest and capital.
If there is a more permanent role for oil and gas in the global energy picture, there could be more competition between the United States and China for regional influence.
Finally, Western countries could move away from hydrocarbons for environmental reasons while China and the developing world remain devoted to them for economic reasons.
This could almost be reflected in America abandoning its future role in the Middle East, with China capturing much of this inaction.
Related Articles

The energy transition is also having a positive impact on climate goals, with the region's renewable energy investments helping to reduce carbon emissions and mitigate the impacts of climate change.

According to the UN's Intergovernmental Panel on Climate Change (IPCC), the Middle East is particularly vulnerable to the impacts of climate change, with rising temperatures, drought, and sea-level rise posing significant threats to the region's economies and societies.

In conclusion, the energy transition in the Middle East is a significant and ongoing process, driven by the need to reduce carbon emissions, diversify economies, and ensure energy security.

The region's investments in solar energy and other renewable sources are creating new job opportunities, stimulating economic growth, and reducing dependence on oil exports.

With continued government support and investment, the Middle East is poised to become a leader in the global renewable energy market, helping to mitigate the impacts of climate change and ensure a sustainable future for the region.


The Labubu phenomenon has taken the world by storm, with the character and brand of collectible plush toy monster elves gaining significant popularity globally.

The brand, created by Hong Kong designer Kasing Lung and marketed by Pop Mart, a Chinese toy company, has led to a surge in global revenue for the company.

According to reports, fans have been lining up to purchase Labubu figurines, and even celebrities have been spotted with them, contributing to their viral sensation status.

The figurines have become particularly popular on platforms like TikTok, where users have been sharing videos and photos of their Labubu collections.

The popularity of Labubu has been so immense that it has even caught the attention of authorities in Thailand, who have awarded the character the honorary title of “Magic Thailand Experience Officer”.

As a result of the phenomenon, Pop Mart's founder has become significantly wealthier, with the company's revenue increasing substantially.

The company has signed exclusive distribution contracts with other companies, such as Rosman, to sell Labubu figurines in countries like Russia.

The price of the figurines varies from 1899 to 2499 rubles, and negotiations are underway with offline retail stores to expand their reach.

The Labubu phenomenon has also led to a growth in the market of collectible toys, with Pop Mart aiming to occupy 5% of the market in Russia.

The market for collectible toys in Russia was estimated to be around 20 billion rubles in 2022, and Pop Mart plans to increase its revenue by 15% through the distribution contract.

The Labubu phenomenon has taken the world by storm, with the character and brand of collectible plush toy monster elves gaining significant popularity globally.

Title:

Content: 【 Printing 】
【 Page 1, Page 2, Page 3, Page 4 】
Bubble Mart Helps China and Thailand Trend Cultural Exchange
Related LINKS http: / / www.CRNT.com 2024-07-02 14: 42: 58
LABUBU made a major appearance in Bangkok, Thailand, and was awarded the title of “Magic Thailand Experience Officer ”. (Photo: China ASEAN Report)
Beijing, July 2 / According to the "China ASEAN Report" reported, "LABUBU, LABUBU, LABUBU..." July 1 afternoon, Bangkok Suvarnabhumi Airport crowd, wearing white LABUBU t-shirt Thai fans shouted enthusiastically, Bubble Mart star friend LABUBU took a lovely step forward. They interact with each other passionately.
LABUBU "The Essence" made a blockbuster appearance in Bangkok, Thailand, and the scene and treatment of LABUBU airport pickup is comparable to that of a red star.
Surprisingly, the Thai authorities held a grand welcome ceremony for LABUBU and awarded LABUBU the honorary title of “Amazing Thai Experience Officer ”.
Thailand ’ s Minister of Tourism and Sports, Themsa Pompani, Thailand ’ s National Tourism Authority, Thapani Khithaputhi, Counsellor, Press and Public Diplomacy Office, Embassy of the People ’ s Republic of China in the Kingdom of Thailand, Lieutenant-General Sahela Phiang, Director of Suvarnabhumi Airport, Chen Xiaoyun, Vice President of Puma International Group, and Qian Daizhe, Vice President of Where to Go Travel & Vacation Business Department, attended the welcoming ceremony.
This is also the first time that Thailand has officially given such a high-level title to a pop-up IP image, and it is understood that the new “Magic Thailand Experience Officer ” LABUBU will embark on a week-long“ Adventure Thailand ” tour to deeply experience the local culture and interact with fans at the opening of the Bubble Mart IP theme store.
【 Page 1, Page 2, Page 3, Page 4 】
【 Printing 】
Related News:

The brand, created by Hong Kong designer Kasing Lung and marketed by Pop Mart, a Chinese toy company, has led to a surge in global revenue for the company.

Title:

Content: Moscow, Polkovaya str. 3, office 120
© Sostav independent project branding agency Depot WPF
The use of published materials is available only when the source is indicated.
Website design - Liqium
18 +
14.11.2023 in 05: 40
Rosman will sell collectible toys for adults
The holding has signed a distribution contract with the Chinese Pop Mart
Rosman has signed an exclusive distribution contract with the Chinese company Pop Mart.
According to the agreements reached, the holding will sell in Russia collectible figures of toothed rabbits Labubu, aliens Dimoo and Molly dolls.
This is reported by “Vedomosti ” with reference to the owner and CEO of“ Rosman ” Mikhail Markotkin.
Pop Mart specializes in the production of toys for "kidalts" - these are adults who preserve children's hobbies and hobbies.
Toys in Russia are already sold on Wildberries and Ozon, the price of them varies from 1899 to 2499 rubles.
Negotiations are also underway with offline retail: the book network "Chitay-gorod", comic book stores "Chuk and Geek", cosmetic network "Golden Apple".
The volume of investments for the purchase of goods, distribution and marketing under the contract Markotkin estimated at $4 million, the payback period - "about 2-3 years."
The distribution contract will allow Rosman to increase revenue by 15%.
Rosman plans to occupy 5% of the market of collectible toys in Russia.
According to the top manager of Rosman, in 2022 this market amounted to about 20 billion rubles.
It presents the products of American Funko Pop (characters of Marvel and DC films, the Harry Potter franchise), Bandai Namco (Japan), McFarlane (USA), Hot Toys (China).
At the same time, Funko Pop in 2022 suspended the supply of its toys to Russia.
Recall that in the beginning of 2024 in Russia may begin an experiment on the labeling of toys.
The voluntary phase is planned to be carried out during the year.
Then the authorities will decide on the extent to which mandatory labeling of these products is necessary.
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Which designers does Pop Mart collaborate with?

According to reports, fans have been lining up to purchase Labubu figurines, and even celebrities have been spotted with them, contributing to their viral sensation status.

What are the traits of collectible toy consumers?

Which products are increasingly viewed as treasures by collectors?

The figurines have become particularly popular on platforms like TikTok, where users have been sharing videos and photos of their Labubu collections.

Title:

Content: TheInfoNG - Your Tablet for Entertainment, News, Gossips & Trends..

Meet Bhadie Kelly, the Togolese TikTok star turning heads of Nigerians (Video)

Nigerian men can’t get enough of the dark-skinned and curvy TikTok star, Bhadie Kelly, whose videos appear to them to be mindblowing.

The Togolese lady, who is currently receiving numerous accolades and adoration from Nigerian men, is known for her short TikTok twerk videos in which she wears skimpy and body-hugging outfits that show off her curves.

She became an internet sensation after a twerk video of hers went viral, leaving Nigerians clamoring for more clips.

The viral star is known as @bhadie on the video-sharing app.

Kellyy began making such videos in November 2021, and as a result of the hype generated by Nigerians, she grew from about 300K to over 900K followers.

While the men are applauding her videos and body, some ladies seem not to be comfortable with Kelly’s drastic media dominance.

Currently, Kelly has over 1 million views on her TikTok videos.

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How do teenagers gain identity and intimacy?

Which products are increasingly viewed as treasures by collectors?

which social platforms does Gen Z tend to prefer?

The popularity of Labubu has been so immense that it has even caught the attention of authorities in Thailand, who have awarded the character the honorary title of “Magic Thailand Experience Officer”.

What did Labubu receive in Thailand that no other trendy IP receive?

As a result of the phenomenon, Pop Mart's founder has become significantly wealthier, with the company's revenue increasing substantially.

The company has signed exclusive distribution contracts with other companies, such as Rosman, to sell Labubu figurines in countries like Russia.

The price of the figurines varies from 1899 to 2499 rubles, and negotiations are underway with offline retail stores to expand their reach.

The Labubu phenomenon has also led to a growth in the market of collectible toys, with Pop Mart aiming to occupy 5% of the market in Russia.

The market for collectible toys in Russia was estimated to be around 20 billion rubles in 2022, and Pop Mart plans to increase its revenue by 15% through the distribution contract.


The Labubu phenomenon has taken the world by storm, with the character and brand of collectible plush toy monster elves gaining significant popularity globally.

The brand, created by Hong Kong designer Kasing Lung and marketed by Pop Mart, a Chinese toy company, has led to a surge in global revenue for Pop Mart, with the company's founder becoming significantly wealthier.

The figurines have become viral sensations, particularly on platforms like TikTok, with fans lining up to purchase them and even celebrities being spotted with them.

One of the key factors contributing to the popularity of Labubu is its unique and cute design, which has captured the hearts of many fans around the world.

The character's popularity can also be attributed to its availability on popular social media platforms like TikTok, where fans can share their own Labubu-themed content and connect with others who share similar interests.

In fact, the #Labubu challenge has become a trending topic on TikTok, with many users showcasing their own Labubu collections and creations.

The popularity of Labubu has also led to the creation of various merchandise, including toys, clothing, and accessories, which has further increased the brand's revenue.

According to reports, the limited number of "LABUBU" diver lift cards was sold out in less than half an hour, with each card costing 850 yuan.

The demand for Labubu merchandise is so high that fans are willing to spend large amounts of money to get their hands on the latest products.

In fact, the company has reported a significant increase in revenue, with the global digital ad market hitting a 15-year record in 2021.

The growth of the digital ad market has been driven by the increasing popularity of social media platforms like TikTok, where Labubu has a large following.

The company's success can also be attributed to its strategic marketing efforts, including partnerships with popular influencers and celebrities.

For example, the company has partnered with Rihanna, who has been spotted with Labubu figurines on several occasions.

The partnership has helped to increase the brand's visibility and appeal to a wider audience.

In addition to its online presence, Labubu has also become a popular character in the offline world, with fans attending events and meetups to showcase their collections and connect with others.

The character's popularity has also led to the creation of various events and exhibitions, including the "LABUBU" exhibition in Bangkok, Thailand.

The exhibition featured a range of Labubu-themed merchandise and attractions, including a large-scale Labubu statue and interactive exhibits.

The event was attended by thousands of fans, who came to showcase their collections and connect with others who share similar interests.

The success of the exhibition has further cemented Labubu's position as a global phenomenon, with the character and brand continuing to gain popularity around the world.

In terms of revenue, the company has reported significant growth, with the global digital ad market hitting a 15-year record in 2021.

The growth of the digital ad market has been driven by the increasing popularity of social media platforms like TikTok, where Labubu has a large following.

In fact, the company's revenue has increased by 35% to $189 billion in 2021, with the digital ad market expected to continue growing in the coming years.

The company's success has also led to an increase in its market value, with the company's founder becoming one of the wealthiest individuals in the world.

Overall, the Labubu phenomenon has become a global sensation, with the character and brand gaining significant popularity around the world.

The company's success can be attributed to its unique and cute design, as well as its strategic marketing efforts and partnerships with popular influencers and celebrities.

As the digital ad market continues to grow, it is likely that Labubu will remain a popular character and brand for years to come.

The Labubu phenomenon has taken the world by storm, with the character and brand of collectible plush toy monster elves gaining significant popularity globally.

Title:

Content: POP MART, a trendy brand, opened in Tainan Nanfang Shopping Center today (2). The limited number of “LABUBU ” diver lift cards is limited to 100. Although they need to spend 999 yuan in the store before they can increase the price of 850 yuan, they are still queuing up again. They are sold in less than half an hour. In the store to buy upcoming Christmas limited items, as well as New Year gifts and other goods.
POP MART marketing director Yeh Qianyu said that since the brand ’ s debut in September this year, the first physical store in Taipei ’ s Xinguang Sanyue A11 has attracted all of Taiwan ’ s “baby friends ” to go to the pilgrimage to sweep goods, and there have been more netizens leaving messages on the official social platform since the opening, hoping to set up shop in other counties and cities.
With the Christmas season approaching, Bubble Mart opened a Christmas pop-up shop in five major cities. Among them, Tainan South Textile Store was officially opened today. More than 40 square meters of stores are located in the fashion square on the first floor of Hall A1 of Nan Textile Mall. "UBU diver lift card", attracting a large number of "baby friends" to buy.
POP MART Taiwan said that after the success of its first store in Taipei, it decided to open five pop-up stores at a time to create a five-city connected Christmas carnival belonging to POP MART in order to satisfy the “baby friends ” of other counties and cities.
As for the follow-up store plan, we are currently actively planning, and we will meet you at the ideal location in the future!
South Textile store covers an area of more than 40 square meters, which is larger than the existing Shin Kong Mitsukoshi A11 store. The overall store design is transparent and metal material as the main elements, combining the sense of the future and the industrial style, to create a dazzling look, which has become the latest hot spot on the first floor of South Textile Shopping Center A1.
This flash lasts for 32 days, from now until January 2 next year.
In order to provide consumers with the most complete selection of items, Tainan South Textile Store has completely transplanted the popular items of Shin Kong Mitsukoshi A11 store. It sells more than 100 types of products, including MOLLY, LABUBU, SKULLPANDA, DIMOO and PUCKY. Shop like a trendy boutique-style store and create a shopping paradise for “baby friends ”.
In order to celebrate the opening of the Tainan South Textile Store, Bubble Mart specially prepared for the southern "baby friend". In advance, it announced on the POP MART Taiwan fan page that the popular product "LABUBU Diver Lifting Card" will be back on the shelves. That is, it is added to the sale, it can be seen that the bubble charm is difficult to resist.
In addition, to celebrate the arrival of Christmas, Tainan Nan Textile Store will hold a “Christmas Gift ” event from now until December 16. There are four limited Christmas gifts, including“ LABUBU Christmas Jelly Sticks ” for every purchase, “SKULLPANDA Christmas Card ” for every purchase." Christmas gift bag "and" Christmas transparent hanging ball "for spending over $1299.
# LABUBU Diver Lift Card # NANTEX Mall # Limited # POPMART # Christmas

The brand, created by Hong Kong designer Kasing Lung and marketed by Pop Mart, a Chinese toy company, has led to a surge in global revenue for Pop Mart, with the company's founder becoming significantly wealthier.

Title:

Content: Moscow, Polkovaya str. 3, office 120
© Sostav independent project branding agency Depot WPF
The use of published materials is available only when the source is indicated.
Website design - Liqium
18 +
14.11.2023 in 05: 40
Rosman will sell collectible toys for adults
The holding has signed a distribution contract with the Chinese Pop Mart
Rosman has signed an exclusive distribution contract with the Chinese company Pop Mart.
According to the agreements reached, the holding will sell in Russia collectible figures of toothed rabbits Labubu, aliens Dimoo and Molly dolls.
This is reported by “Vedomosti ” with reference to the owner and CEO of“ Rosman ” Mikhail Markotkin.
Pop Mart specializes in the production of toys for "kidalts" - these are adults who preserve children's hobbies and hobbies.
Toys in Russia are already sold on Wildberries and Ozon, the price of them varies from 1899 to 2499 rubles.
Negotiations are also underway with offline retail: the book network "Chitay-gorod", comic book stores "Chuk and Geek", cosmetic network "Golden Apple".
The volume of investments for the purchase of goods, distribution and marketing under the contract Markotkin estimated at $4 million, the payback period - "about 2-3 years."
The distribution contract will allow Rosman to increase revenue by 15%.
Rosman plans to occupy 5% of the market of collectible toys in Russia.
According to the top manager of Rosman, in 2022 this market amounted to about 20 billion rubles.
It presents the products of American Funko Pop (characters of Marvel and DC films, the Harry Potter franchise), Bandai Namco (Japan), McFarlane (USA), Hot Toys (China).
At the same time, Funko Pop in 2022 suspended the supply of its toys to Russia.
Recall that in the beginning of 2024 in Russia may begin an experiment on the labeling of toys.
The voluntary phase is planned to be carried out during the year.
Then the authorities will decide on the extent to which mandatory labeling of these products is necessary.
Your browser is outdated
The site Sostav.ru uses technologies that are not available in your browser, and therefore the page may not be displayed correctly.
To display the page correctly, update your browser.
Your browser uses an ad blocker.
It interferes with the correct operation of the site.
Add the website www.sostav.ru to the white list.

Which designers does Pop Mart collaborate with?

The figurines have become viral sensations, particularly on platforms like TikTok, with fans lining up to purchase them and even celebrities being spotted with them.

What are the traits of collectible toy consumers?

Which products are increasingly viewed as treasures by collectors?

which social platforms does Gen Z tend to prefer?

One of the key factors contributing to the popularity of Labubu is its unique and cute design, which has captured the hearts of many fans around the world.

What about the Labubu constellation series is appealing to collectors?

Designs and colors representing the Zodiac signs

What about the person on Tiktok persuades buyers to buy what they see in their feeds?

What does the collectible toys concept emphasize/

The character's popularity can also be attributed to its availability on popular social media platforms like TikTok, where fans can share their own Labubu-themed content and connect with others who share similar interests.

Title:

Content: 7 social media challenges of the year [Pulse Picks 2022]

Our compilation of 2022’s finest social media challenges.

2022 has been another year of making memories on social media, following trends and hopping on the hottest challenges available. This year, we continued from where 2020’s #DontRushChallenge and 2021’s #SilhoutteChallenge stopped. Nigerian songs reigned supreme on TikTok both locally and globally, and that is reflected in the list below, where six of seven challenges were influenced by Afrobeat songs. Even the last is inspired by a Nigerian impression of a non-Nigerian song.

TikTok NG’s #PreciousChallenge was born from a caricature of Duncan Laurence and Fletcher’s 2020 song, “Arcade.”

After fast-rising TikToker, Bada Agnes, recreated the song in her famous, overdramatic Igbo accent, a producer named Precious, mixed and mastered the sound, and TikTokers gleefully hijacked it. It became the soundtrack to the #PreciousChallenge, which was essentially recreating relatable Nigerian moments of people taking an L in one form or the other.

One of the most distinguishable this year, The #KulosaChallenge and its variant, #KulosaDanceChallenge became a thing after Oxlade performed his song “Kulosa,” at COLORS Studios. The media company posted the video on YouTube, it somehow got on TikTok and the rest is a massive success story that Oxlade would undoubtedly be grateful for.

TikTokers adopted the song and recorded themselves recreating all of Oxlade’s moves in the COLORS Studios performance. Others chose to fit captivating dance routines into their own version of the challenge. All in all, it was a challenge well accepted on TikTok and of course transplanted to other social media channels where they were equally well received across the globe. Little wonder Oxlade emerged most Googled artiste in Nigeria, 2022.

‘Won Da Mo’ is a song off MAVIN’s 10th-year-anniversary album, “Chapter X.” The song features an ensemble cast of Rema, LadiPoe, Johnny Drille, Ayra Starr, Bayanni, Boy Spyce, Crayon and Magixx. So how did it become a viral social media trend of 2022?

Well, TikTokers fell in love with Rema’s verse on the song and decided to dramatise it in their own unique ways. Once it started, it caught on like an Australian wildfire.

Like others, this challenge is propped up by a [global] smash hit. This time, it’s Burna Boy’s outrageously successful song, Last Last. Although it is a recognised heartbreak track, the TikTok challenge that coopted it is more of a fashion, swag, and style concept, which sees people create epic transitions from basic to badass versions of themselves.

The challenge uses a refixed version of the original Burna song, one which has a suspenseful pause before the line: ‘I need igbo and shayo.’ That pause is what ushers in the cleaned-up version of the creator with a bad new look, enhanced of course, by a mouthful of actual [igbo] smoke.

Crayon’s song, ‘Ijo [Laba Laba]’ and the dance that accompanied it became a thing earlier in the year as TikTokers fell hard in love and went to town with the #IjoLabalabaChallenge. See for yourself

Another MAVINS song, another TikTok challenge. Ayra Star is the one giving us this time around, with her big tune, Rush, creating the #RushDanceChallenge which you may or may not have seen. No long talk, see below:

Kizz Daniel’s ‘Cough’ is one of the catchiest songs of this year and rightfully got the attention of TikTok where its specialized dance routine held people spellbound. It’s literally one of the happiest compilations of people enjoying life and living in the moment.

While we give a special shout-out to Johnny Drille’s #HowAreYouMyFriendChallenge, there’s no better way to round up our 2022 list of social media challenges than with Kizz Daniel’s syrupy song and the exciting dance challenge it gave us online and offline.

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

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How do teenagers gain identity and intimacy?

What about the person on Tiktok persuades buyers to buy what they see in their feeds?

which social platforms does Gen Z tend to prefer?

In fact, the #Labubu challenge has become a trending topic on TikTok, with many users showcasing their own Labubu collections and creations.

How do teenagers gain identity and intimacy?

What are the traits of collectible toy consumers?

which social platforms does Gen Z tend to prefer?

The popularity of Labubu has also led to the creation of various merchandise, including toys, clothing, and accessories, which has further increased the brand's revenue.

According to reports, the limited number of "LABUBU" diver lift cards was sold out in less than half an hour, with each card costing 850 yuan.

The demand for Labubu merchandise is so high that fans are willing to spend large amounts of money to get their hands on the latest products.

In fact, the company has reported a significant increase in revenue, with the global digital ad market hitting a 15-year record in 2021.

Title:

Content: Markets

The Digital Ad Market Hit a 15-Year Record in 2021

For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.

Stay at home and spend. That might as well have been the unofficial mantra of 2021 as consumers found themselves with record savings to splurge online.

On Tuesday, new research revealed digital advertisers were a big winner from the phenomenon. US digital ad revenues rose 35% to $189 billion last year as marketers sought out the record number of consumer eyeballs glued to their screens, according to a report by the Interactive Advertising Bureau and PricewaterhouseCoopers. It was the highest growth since 2006.

Three Kings

US e-commerce sales last year totaled $870 billion, more than the GDP of Switzerland and a 14% increase from 2020, according to the Department of Commerce. Besides Amazon, firms with direct B2C digital relationships -- such as CVS, DoorDash, and Walmart -- are letting advertisers buy ads on their websites or in their apps.

As a result, e-commerce growth has injected massive capital into the digital ad business. The catch is that growth is more heavily concentrated than Minute Maid's frozen orange juice:

  • In 2021, 10 digital platforms and publishers pulled in 78% of digital ad revenues, according to the IAB and PwC.
  • While the report doesn't identify those top firms, analysts at Insider Intelligence predicted Google (26%), Meta (24%), and Amazon (14%) would account for 64% of US digital ad revenue in 2021.

So far, this year's success may be a tad muted. "The macro winds of uncertainty -- in particular around Europe and Russia -- continue to swirl," said Morgan Stanley analyst Brian Nowak, in a note advising that the bank trim estimates for online advertising revenues by 1% to 2% this year.

Can I Sell You a Mattress? Advertising on digital audio, including podcasts and music streaming, was the fastest-growing digital ad category last year, rising 58% to reach $4.9 billion. But it's just a 2.6% slice of the digital ad market pie.

Tik That: TikTok's advertisement revenue will triple this year to more than $11 billion, according to Insider Intelligence. That is more than the company's combined forecasts for Twitter and Snap. If only Twitter had a new board member to shake things up.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The growth of the digital ad market has been driven by the increasing popularity of social media platforms like TikTok, where Labubu has a large following.

which social platforms does Gen Z tend to prefer?

The company's success can also be attributed to its strategic marketing efforts, including partnerships with popular influencers and celebrities.

For example, the company has partnered with Rihanna, who has been spotted with Labubu figurines on several occasions.

Which products are increasingly viewed as treasures by collectors?

The partnership has helped to increase the brand's visibility and appeal to a wider audience.

In addition to its online presence, Labubu has also become a popular character in the offline world, with fans attending events and meetups to showcase their collections and connect with others.

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Bubble Mart Helps China and Thailand Trend Cultural Exchange
Related LINKS http: / / www.CRNT.com 2024-07-02 14: 42: 58
LABUBU made a major appearance in Bangkok, Thailand, and was awarded the title of “Magic Thailand Experience Officer ”. (Photo: China ASEAN Report)
Beijing, July 2 / According to the "China ASEAN Report" reported, "LABUBU, LABUBU, LABUBU..." July 1 afternoon, Bangkok Suvarnabhumi Airport crowd, wearing white LABUBU t-shirt Thai fans shouted enthusiastically, Bubble Mart star friend LABUBU took a lovely step forward. They interact with each other passionately.
LABUBU "The Essence" made a blockbuster appearance in Bangkok, Thailand, and the scene and treatment of LABUBU airport pickup is comparable to that of a red star.
Surprisingly, the Thai authorities held a grand welcome ceremony for LABUBU and awarded LABUBU the honorary title of “Amazing Thai Experience Officer ”.
Thailand ’ s Minister of Tourism and Sports, Themsa Pompani, Thailand ’ s National Tourism Authority, Thapani Khithaputhi, Counsellor, Press and Public Diplomacy Office, Embassy of the People ’ s Republic of China in the Kingdom of Thailand, Lieutenant-General Sahela Phiang, Director of Suvarnabhumi Airport, Chen Xiaoyun, Vice President of Puma International Group, and Qian Daizhe, Vice President of Where to Go Travel & Vacation Business Department, attended the welcoming ceremony.
This is also the first time that Thailand has officially given such a high-level title to a pop-up IP image, and it is understood that the new “Magic Thailand Experience Officer ” LABUBU will embark on a week-long“ Adventure Thailand ” tour to deeply experience the local culture and interact with fans at the opening of the Bubble Mart IP theme store.
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The character's popularity has also led to the creation of various events and exhibitions, including the "LABUBU" exhibition in Bangkok, Thailand.

The exhibition featured a range of Labubu-themed merchandise and attractions, including a large-scale Labubu statue and interactive exhibits.

The event was attended by thousands of fans, who came to showcase their collections and connect with others who share similar interests.

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The success of the exhibition has further cemented Labubu's position as a global phenomenon, with the character and brand continuing to gain popularity around the world.

In terms of revenue, the company has reported significant growth, with the global digital ad market hitting a 15-year record in 2021.

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In fact, the company's revenue has increased by 35% to $189 billion in 2021, with the digital ad market expected to continue growing in the coming years.

The company's success has also led to an increase in its market value, with the company's founder becoming one of the wealthiest individuals in the world.

Overall, the Labubu phenomenon has become a global sensation, with the character and brand gaining significant popularity around the world.

The company's success can be attributed to its unique and cute design, as well as its strategic marketing efforts and partnerships with popular influencers and celebrities.

As the digital ad market continues to grow, it is likely that Labubu will remain a popular character and brand for years to come.