Newsletter: FutureVerse Coinbase joins UAE crypto rush The US crypto giant received a license from Abu Dhabi Global Market in August. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Newsletter: FutureVerse Middle East's EV bet faces reality check The latest warning sign comes from Lucid, the US luxury EV maker majority-owned by Saudi Arabia’s Public Investment Fund, which in early August reported a $1.26 billion second-quarter loss. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Newsletter: FutureVerse Red Sea tech risks resurface An estimated 17% of the world’s internet traffic and 90% of Europe-Asia communications traverse submarine cables in the Red Sea. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Newsletter: FutureVerse Nuclear tech tensions Plus, the Middle East’s expertise in pioneering cooling technology, OpenAI’s move into Israel and more. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Newsletter: FutureVerse Uber's Gulf delivery bet By Samuel Wendel In Washington, DC, reporting on regional business and tech
Newsletter: FutureVerse The UAE's new AI advantage By Samuel Wendel In Washington, DC, reporting on regional business and tech
Newsletter: FutureVerse The next phase of Middle East tech By Samuel Wendel In Washington, DC, reporting on regional business and tech
Newsletter: FutureVerse No ceasefire in cyberspace By Samuel Wendel In Washington, DC, reporting on regional business and tech
Investors bank on Middle East super apps, from Algeria to the UAE "Super apps" are starting to attract super-sized investments in the region. Samuel Wendel In Washington, DC, reporting on regional business and tech
Analysis Dubai’s DEWA will be first to use ChatGPT in UAE, but is the tech ready? ChatGPT often makes wrong statements and calculations, yet companies are eager to start using the revolutionary technology. By Salim A. Essaid
Analysis Dubai's cryptocurrency regulator issues new rules for metaverse, virtual assets New laws in Dubai define the rules for trading virtual assets and operating in the metaverse, including explain how to lend/borrow and remit virtual assets — as well as fines for some violations. By Salim A. Essaid
Egypt venture capital funding tops $500M in 2022: Report Egypt led the Middle East and North Africa in the number of venture capital deals last year, according to a report by MAGNiTT. Egypt’s overall economy continues to struggle. Egypt
Pressure from business, tech sectors likely to push Israel's government to compromise on judicial reforms Pro: A proposal by Israel's new Netanyahu-led government to overhaul the judiciary risks harming the Israeli business environment. Here's what is at stake. David Rosenberg In Tel Aviv, reporting on business and tech
Cryptocurrency exchange Kraken closes Abu Dhabi office Emirati officials are still bullish about the future of cryptocurrency, but the crash in the market has hit the UAE hard. Legacy: Gulf
Saudi Arabia announces vertical farming venture with US AeroFarms Vertical farming is on the rise in Saudi Arabia and the United Arab Emirates. Legacy: Gulf
Israeli tech sector has big problem with Netanyahu’s judicial reform It is not only political activists who are demonstrating against the judicial overhaul pushed by the Netanyahu government — high-tech companies and people have also joined the protest movement. Israel
From spaceports to startups, Gulf countries race to boost space sector As the global space race accelerates, the Middle East is becoming a rising hub of activity with ample opportunities to carve out an impactful role in the space economy. (PRO subscribers only, access with free trial) Samuel Wendel In Washington, DC, reporting on regional business and tech
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. Legacy: Gulf
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. Iran
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. Legacy: Gulf