Middle East Renewable Energy Surge: A 2025-2027 Outlook

by News Editor

March 7, 2025

According to the International Energy Agency (IEA), the renewable energy landscape in the Middle East is set to enter an exciting phase of growth. The agency’s latest ‘Electricity 2025’ report forecasts a 14% annual increase in renewable generation from 2025 to 2027.

Solar PV On The Rise

A key player in this growth story is solar photovoltaic (PV) technology, which is anticipated to boost its share in renewable energy production from 55% to nearly 70% by 2027. The UAE is leading this charge with a remarkable 23% average annual growth in solar PV generation.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Nuclear And Gas: Complementing The Mix

Complementing the solar growth, nuclear energy has seen significant development, particularly in the UAE, with a 20% increase in power generation for 2024. Meanwhile, gas-fired power remains a dominant source in the region, supported by a shift from oil to gas, with a forecasted average annual growth of 5.3% through 2027.

As these developments unfold, the Middle East is positioning itself as a dynamic player in the global renewable energy arena.

The Future Forbes Realty Global Properties

Stelios Bi-Communal Awards To Award €500,000 Across 39 Teams In Cyprus

by THEFUTURE.TEAM

May 5, 2026

The annual Stelios Bi-Communal Awards, a hallmark of cross-community collaboration in Cyprus, will once again celebrate the innovative joint ventures between Greek Cypriot and Turkish Cypriot entrepreneurs. The ceremony, scheduled for June 8 in Nicosia, underscores the vital role of business co-operation in fostering both economic growth and peaceful coexistence on the island.

Strengthening The Fabric Of Bi-Communal Collaboration

This year marks the 16th consecutive edition of the awards, which have contributed to creating business partnerships across the island. Organizers confirmed that 39 bi-communal teams, representing 78 entrepreneurs, will participate. According to the official announcement, Nikos Christodoulides is expected to attend the ceremony, adding institutional presence to the event.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Catalysing Innovation And Economic Opportunity

Teams are evaluated based on collaboration, innovation and business potential. The prize structure includes a Gold Award of €150,000, shared equally between partners. Two teams will receive Silver Awards totaling €200,000, while six teams will share €150,000 under the Bronze category. This structure distributes funding across multiple ventures at different stages of development.

A Legacy Of Partnership And Investment

Since its launch, the programme has distributed more than €5.3 million in prize funding. Support comes from Stelios Haji-Ioannou, founder of the easy family of brands and chairman of the Stelios Philanthropic Foundation. The initiative continues to focus on supporting joint ventures between Greek Cypriot and Turkish Cypriot entrepreneurs.

The Road Ahead

The upcoming ceremony, set to be held at the Stelios Philanthropic Foundation headquarters at 5 Markou Drakou Street in Nicosia at 11:00 a.m. on Monday, June 8, 2026, promises to be a landmark event. It will gather entrepreneurs and senior officials in a celebration of bi-communal success, reaffirming the potential of entrepreneurship to bridge divides and drive sustainable growth in Cyprus.

Breaking news