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The headquarters of SpaceX in Hawthorne, California, with a Falcon 9 booster in March 2024.

Explainer

Saudi investors could emerge as key winners from SpaceX’s historic IPO

A new disclosure from Saudi Arabia's Kingdom Holding ahead of SpaceX’s Nasdaq debut shows just how valuable Elon Musk's relationship with Gulf investors has become.

Latest News

Samuel Wendel

Senior Market Research Analyst

In Washington, DC, reporting on regional business and tech

Adam Lucente

News and Business Correspondent

In New York City, reporting on regional news, militancy, climate change

David Rosenberg

In Tel Aviv, reporting on business and tech

A physical imitation of the Bitcoin cryptocurrency is seen, Paris, France, April 26, 2021.

Bahraini cryptocurrency firm Rain to operate in UAE

Cryptocurrency is growing in both the UAE and Bahrain amid regulatory challenges and market downturn.

Kuwait prohibits all cryptocurrency use in new virtual assets ban

Users of cryptocurrencies and other virtual assets in Kuwait would be subject to Kuwait’s 2013 money laundering and terrorist financing laws.

Israeli Tech

Israeli tech at risk of not joining global industry recovery

Israeli tech shares are sharply underperforming their US peers.

David Rosenberg

David Rosenberg

In Tel Aviv, reporting on business and tech

Dubai crypto authority suspends BitOasis

The cryptocurrency platform BitOasis' license was suspended by Dubai's VARA due to noncompliance of licensing requirements.

United Arab Emirates

This photo illustration created in Washington, DC, on July 6, 2023, shows an image of Elon Musk reflected in the opening page of Threads, an Instagram app. Twitter threatened to sue Meta just hours after the Instagram parent company launched Threads, an app it hopes will beat out the struggling site owned by Elon Musk. In a letter to Meta CEO Mark Zuckerberg, published by online news outlet Semafor on July 6, 2023, Musk lawyer Alex Spiro accused the company of "unlawful misappropriation of Twitter's trade s

Arab users flock to Meta's Threads as it takes on Twitter

Threads has seen a variety of new users from the Middle East since its launch Wednesday including influencers and even heads of state.

Employees work at headquarters housing Alibaba, Iran's largest online travel booking service, in the capital Tehran on February 17, 2020 - Iran's startup sector, which began to develop in the 2000s, took off from 2013. But new technology and the use of smart phones were hit hard by the reinstatement of US sanctions in 2018, after the United States withdrew from the Iran nuclear deal. An unexpected effect of the sanctions has been that Iranian entrepreneurs have seized the opportunity to launch startups. (Ph

Iran needs drastic reforms to mitigate brain drain's impact on economy, tech sector

Deteriorating socioeconomic conditions and the absence of a functioning ecosystem for innovation and entrepreneurship are compelling many educated Iranians to migrate.

Bijan Khajehpour

Bijan Khajehpour

In Vienna, reporting on Iranian politics

A man walks near an autonomous 10-seater car during a trial run along Mohammed bin Rashid Boulevard on Sept. 1, 2016.

UAE awards China’s WeRide first license to operate self-driving cars

The UAE permit will allow the Guangzhou-based driving technology company to test its level 4 human-free and fully autonomous vehicles on public roads throughout the emirates.

United Arab Emirates

Saudi Arabia leads AI global index for strategy as Israel tops Mideast rankings

Saudi Arabia topped the global chart for AI government strategy, which measures the depth of national spending commitments and strategies, while other Middle East and North Africa (MENA) states lagged further behind, beginning in 23rd place.

Visitors use an augmented reality mask on the Saudi Arabia company STCs stand at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 27, 2023. (Photo by Thomas COEX / AFP) (Photo by THOMAS COEX/AFP via Getty Images)

Gulf investors shape US-China tech competition, from Silicon Valley to Shenzen

Facing a funding drought, big name US venture capitalists have been descending on the Gulf in search of fresh funds.

Samuel Wendel

In Washington, DC, reporting on regional business and tech

A photo illustration taken on March 30, 2018 in Beijing shows the screen of a laptop with the word "VPN" written in the search field of the Chinese Baidu website. Chinese authorities had announced that all unrecognised VPN services would be blocked by March 31, meaning that Chinese and foreign companies must choose from a limited number of state-approved VPNs. / AFP PHOTO / FRED DUFOUR (Photo credit should read FRED DUFOUR/AFP via Getty Images)

Iran, Yemen, Saudi Arabia follow close behind China in VPN blocking

China led the ranking, blocking about 73% of all attempts to access VPN providers, with Iran and several Gulf Arab countries following close behind.

Israel cyber

UAE, Israel launch global initiative to fight cyberattacks

Sharing information between multiple nations is the best way to defeat increasingly sophisticated ransomware hackers targeting government information.

United Arab Emirates

Visitors stand in front of works by Bybit on display during the 15th edition of Art Dubai at Madinat Jumeirah in the Gulf emirate of Dubai, on March 10, 2022. - Art Dubai, the Middle East's largest annual contemporary art fair, featured for the first time digital works, as the wealthy Gulf emirate seeks to position itself as a crypto-assets hub. - RESTRICTED TO EDITORIAL USE - MANDATORY MENTION OF THE ARTIST UPON PUBLICATION - TO ILLUSTRATE THE EVENT AS SPECIFIED IN THE CAPTION (Photo by Karim SAHIB / AFP)

Gulf primed to capture more crypto business, but volatility may mute returns

Amid an accelerating US crypto crackdown, the Middle East stands to benefit.

Samuel Wendel

In Washington, DC, reporting on regional business and tech