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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

FABRICE COFFRINI/AFP via Getty Images

UAE defends crypto push at World Economic Forum amid FTX fallout

Emirati Minister Omar Sultan Al Olama discussed Samuel Bankman-Fried’s infamous trip to Dubai, cryptocurrency regulation, decentralized finance and more in Davos.

This photo taken on August 4, 2020 shows Prince, a member of the hacking group Red Hacker Alliance who refused to give his real name, using a website that monitors global cyberattacks on his computer at their office in Dongguan, China's southern Guangdong province. (Photo by NICOLAS ASFOURI/AFP via Getty Images)

China hackers found to have compromised Iran entities for months

A Chinese hacking group targeted multiple Iranian government bodies in 2022 using advanced malware, according to an industry report.

HALLDOR KOLBEINS/AFP via Getty Images

UAE to store carbon dioxide in rocks

The carbon mineralization project is part of the Abu Dhabi National Oil Company's $15 billion investment in decarbonization initiatives.

A picture taken on July 14, 2022, ahead of a visit by the United States' president to Saudi Arabia, shows hostesses in a car manufactured by US electric vehicle maker Lucid Group at the KSA Green Transition Journey exhibition in the Red Sea port of Jeddah. - A exhibiton offered a presentation on the Saudi Green Initiative, which also includes goals for tree-planting and reducing emissions. (Photo by Amer HILABI / AFP) (Photo by AMER HILABI/AFP via Getty Images)

Electric vehicle manufacturing competition revving up in Middle East

2023 is expected to be a big year for electric vehicle production in the Middle East. Here's what to expect. (access with free trial)

Samuel Wendel

In Washington, DC, reporting on regional business and tech

KHALED DESOUKI/AFP via Getty Images

Uber Travel now available in Saudi Arabia, UAE, Egypt

The American ride-hailing giant faces significant competition in the Middle East and North Africa, but continues to expand in the region.

Singapore lab meat

Israeli company to work on 3D printed eel with Singapore

Singapore is the only country in the world that allows the sale of so-called lab meat, and Israel has a growing lab meat sector.

Sultan Ahmed al-Jaber, Emirati minister of state and CEO of the Abu Dhabi National Oil Company, speaks during the opening ceremony of the 24th World Energy Congress, Abu Dhabi, United Arab Emirates, Sept. 9, 2019.

Abu Dhabi to invest $15 billion in decarbonization

The Abu Dhabi National Oil Company’s interest in carbon capture and hydrogen is not new, and is part of a wider shift in the United Arab Emirates.

Employees walk past solar panels at the Mohammed bin Rashid Al-Maktoum Solar Park, Dubai, March 20, 2017.

Dubai’s use of solar power increased in 2022

Dubai is playing a large role in the UAE’s move toward solar energy.

SABAH ARAR/AFP via Getty Images

Iraq's tech ecosystem offers bright spot for private sector

Despite numerous regional and country-specific challenges, Iraqi start-ups had a good year.

Cedric Ribeiro/Getty Images for Sotheby's Dubai

Abu Dhabi bank launches tokenized payment system using wearables

There have been numerous fintech developments in the United Arab Emirates this year.

JACK GUEZ/AFP via Getty Images

Israel set to top up Galilee with desalinated water from Mediterranean

Some of the Sea of Galilee's water will reportedly go to Jordan following a water-sharing deal between Israel and Jordan earlier this year.

A Tesla office on April 20, 2022, in Fremont, Cal.

Elon Musk’s electric vehicle company Tesla hiring in Turkey

The US electric vehicle maker already has a presence in Jordan and Israel and could soon launch in Turkey, where Musk has a good relationship with President Erdogan.