Start-ups and entrepreneurship

Detailed image of Middle Eastern developer in front of desktop pc monitoring a complex network, ensuring data security and efficient computing using cloud, AI and machine learning.

Mideast’s AI startups capture record $858M in funding during 2025, doubling share

The growth represents a sizable jump from recent years, when local AI companies captured just a sliver of dealmaking, and Magnitt now predicts funding for MENA’s AI startups will easily surpass $1 billion in 2026.

United Arab Emirates

This aerial view taken from a Hellenic Air Force aircraft carrying medical aid supplies to Lebanon shows the skyline and port of Beirut during the landing approach towards Beirut International Airport on October 25, 2024. Israel expanded operations in Lebanon nearly a year after Hezbollah began exchanging fire in support of its ally, Hamas, following the Palestinian group's deadly attack on Israel on October 7, 2023. (Photo by ORESTIS PANAGIOTOU / POOL / AFP) (Photo by ORESTIS PANAGIOTOU/POOL/AFP via Getty

UAE firm’s $1.7B legal threat spotlights Gulf split on Lebanon as Qatar invests

Lebanon’s bid to lure Gulf investment into its crisis-stricken economy is facing turbulence as Dubai's Al Habtoor Group threatens legal action over more than $1.7 billion in losses, while Qatar is making an investment push.

Crown Prince and Prime Minister of the Kingdom of Saudi Arabia Mohammed bin Salman (R) arrives as US President Donald Trump is seen on a screen.

Gulf AI ambitions get boost with US approval of advanced chip exports

Washington has been cautious about sending sensitive advanced microchips to Middle East countries with close ties to China, fearing that the technology could end up in Beijing’s hands.

MOHAMED AFRAH/AFP via Getty Images

Trump Org, Saudi partner Dar Global launch crypto scheme for Maldives resort

The deal marks a notable fusion of the Trump family’s traditional real estate business and its expanding foothold in the crypto world, and arrives a day before Saudi Arabia's Crown Prince arrives in Washington.

Latest News

Analysis

Gulf investors emerge as key players in US social media giants TikTok, Snap, X

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

PayPal bets $100M as Middle East’s Gulf fintech giants amplify competition

PayPal headquarters pictured in San Jose, California, on Oct. 15, 2015.

United Arab Emirates

Analysis

KFC’s Turkey relaunch tests Western brands’ resilience in Gaza boycott era

MURAT KOCABAS/Middle East Images/AFP via Getty Images

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Meet Karim Attiyeh, youngest Arab American billionaire of Lebanese origin

An image of Karim Attiyeh.

Men walk past shops selling mobile phones in the Damascus Tower market, which specializes in the smart phone business, in the Syrian capital on January 12, 2025.

Analysis

Syria’s internet reboot takes shape amid outreach to Gulf telecoms

The new government is taking steps to rapidly overhaul one of the world’s most troubled internet systems by working with Gulf telecoms to build a new fiber-optic network.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

NYSE

Analysis

US stock plunge poses dilemmas for Gulf investors while exposing PIF, Mubadala risks

Middle East investors are bracing for steep losses and questioning about their long-term investments in America amid a drop in the US stock market.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Analysis

China’s DeepSeek triumph sparks billion-dollar AI dilemmas for Gulf investors

Middle Eastern countries could benefit from new cost-effective AI systems such as those created by DeepSeek in lieu of US AI companies.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Preparations for 44.01's first project in UAE are well underway. This DAC + mineralisation pilot with ADNOCGroup , Masdar and FNRC will be the first carbon negative project by an energy company in the Middle East.

Analysis

Oman’s sleepy tech sector showing signs of promise

Global investors are putting millions into an Omani carbon removal startup, signaling a breakthrough for a market that has lagged behind Gulf neighbors targeting tech growth.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Google reportedly offers $23B for Israeli cybersecurity firm Wiz

Israel's Wiz is one of the world’s fastest-growing startups, having reached $350 million annual recurring revenue last year, and provides services to more than 40% of Fortune 100 businesses.

FABRICE COFFRINI/AFP via Getty Images

Chemi Peres: Israeli tech back to business, cyber security among most resilient

Despite the war and the divides within the Israeli society, tech entrepreneur Chemi Peres embraces the optimism of his father, late President Shimon Peres, for the future of the country’s innovation ecosystem.

Photo from LEAP 2024.

AI and cloud investments dominate Saudi Arabia's LEAP tech summit

Amazon Web Services and DataVolt were among the companies that made significant cloud investments in the kingdom, which is looking to become a global technology hub.

Lebanese bartender Hadi Ghassan prepares a drink behind the counter at "Meraki Riyadh", a pop-up bar offering non-alcoholic bellinis and spritzes, served in chilled cocktail glasses, in Riyadh on January 23, 2024. The bar's success highlights widening acceptance of more daring non-alcoholic fare even as booze itself remains strictly off-limits in the Gulf kingdom, home to Islam's holiest sites. (Photo by Fayez Nureldine / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)

What does Saudi's first-ever alcohol store say about new Gulf culture?

Alcohol-free 'mocktails' are also becoming increasingly popular across the region.

COP28

Business & Tech Briefing: COP28 kickoff

In this handout image provided by the GPO, Israel's Prime Minister Benjamin Netanyahu (C) takes Elon Musk (L) on a tour of Kibbutz Kfar Aza after the Oct. 7 massacre took place there, on Nov. 27, 2023 in Kfar Aza, Israel.

What's behind Elon Musk's visit to Israel, meeting with Netanyahu?

On a visit to Israel, American billionaire Elon Musk called for a halt to the hate propaganda that he said enabled the Oct. 7 attack and also expressed willingness to help reconstruct Gaza.

Kuwaiti traders follow the market's movement at the Stock Exchange, Kuwait City, March 8, 2018.

Analysis

China's venture capital firms making inroads in Saudi Arabia, UAE

Chinese venture capital investors have been pricing deals at more competitive rates and taking advantage of a widening vacuum left by Western rivals in the region.

In Bristol, reporting on regional business, climate change, AI, tech

Benjamin Netanyahu and Elon Musk

Analysis

Netanyahu to meet Musk, Erdogan, Zelenskyy, Biden — but no White House visit

The Israeli prime minister and the US president will most likely come face to face on the sidelines of the UN meeting in New York.

Rina Bassist

By Rina Bassist

In Paris, reporting on Israeli politics and European affairs