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The Arab Energy Fund (TAEF) has launched its new brand identity, marking a strategic transformation in alignment with global energy sector developments as the fund celebrates its 50th anniversary. The rebranding was unveiled at a high-profile event attended by Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman bin Abdulaziz, along with energy ministers from oil-exporting countries that are members of the fund and its board. TAEF’s new identity underscores its commitment to energy security and sustainability, reinforcing its role as a leading multilateral financial institution in the Middle East and North Africa (MENA). The initiative reflects the fund’s vision for pioneering investments that support the region’s energy transformation. Strategic Shift & Energy Transition Focus Prince Abdulaziz bin Salman commended TAEF’s board for its adaptability, noting that the transformation aligns with member states of the Organization of Arab Petroleum Exporting Countries (OAPEC), which have recently restructured the organization and revised its founding agreement. He highlighted that TAEF—formerly APICORP—will be renamed the Arab Energy Organization as part of this transition. He further outlined that future projects will focus on achieving energy transformation targets across Arab member states by identifying the most suitable energy mix while addressing sectoral challenges. The objective is to align with sustainable development goals while fostering innovation in the energy landscape. Dignitaries & Industry Leaders in Attendance The launch event brought together high-ranking officials and industry leaders, including: UAE Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei Kuwaiti Minister of Oil Tariq Al-Roumi Libyan Minister of Oil and Gas Khalifa Rajab Abdul Sadiq Qatari Minister of State for Energy Affairs & QatarEnergy CEO Saad Sherida Al-Kaabi Bahraini Minister of Oil and Environment & Special Envoy for Climate Affairs Mohamed bin Mubarak Bin Daina Iraqi Deputy Prime Minister for Energy Affairs & Minister of Oil Hayan Abdul-Ghani Al-Sawad Members of the diplomatic community, industry leaders, and strategic partners were also present. Symbolism Behind the Rebrand The new TAEF logo represents unity, cohesion, and limitless potential within the energy sector. The rotating blades symbolize the ten member countries, while the circular design reflects the fund’s commitment to a circular economy. The rebrand aligns with TAEF’s mission to drive impactful investments that contribute to a more stable and sustainable energy future in the MENA region. Golden Anniversary & Talent Development Initiative As part of its 50th-anniversary celebrations, TAEF also marked a milestone by graduating the first cohort of its inaugural 50+ Graduate Development Program, launched in 2024. The six-month initiative provides hands-on experience in energy finance for recent graduates in the MENA region, equipping them with skills to contribute to the industry’s evolving landscape. |
