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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

Africa solar

Dubai’s AMEA Power wins solar contract in South Africa

Both the UAE and Saudi Arabia are seeking better ties with sub-Saharan African states, including in regards to energy.

Iranian Nazanin Daneshvar (R) founder of Takhfifan startup company watches her employees working at the desk in Tehran on July 1, 2015. Women are more likely to start businesses. Very present in senior positions of the Islamic Republic, they are needed in the private sector. AFP PHOTO/BEHROUZ MEHRI / AFP / BEHROUZ MEHRI (Photo credit should read BEHROUZ MEHRI/AFP via Getty Images)

The strength of Iran’s startup ecosystem put to the test amid protests

Bijan Khajehpour

Bijan Khajehpour

In Vienna, reporting on Iranian politics

GIUSEPPE CACACE/AFP via Getty Images

UAE to open facility that converts waste to green hydrogen

The Gulf state already has one waste-to-energy plant and is looking to build more.

Iraq finance

Iraqi startup Lezzoo expands with purchase of Saydo

The delivery startup is one of several in the autonomous Kurdistan Region, and the autonomous government is hoping to spur more startup growth.

A view shows the solar tower of Israel's Ashalim power station surrounded by panels, in the Negev desert near the kibbutz of Ashalim on Aug. 20, 2022.

Israel earmarks residential rooftops for electricity production

The new strategy of the Ministry of Energy includes encouraging residential buildings to install solar panels that would then be connected to the national electricity grid.

Metatut, the first Egyptian city entering the metaverse.

Egypt launches first city on metaverse

Egypt opens the first city on the metaverse inspired by Egyptian civilization.

An electric bus designed and built locally by Roam, a Swedish-Kenyan technology company, is seen in Nairobi on Oct. 19, 2022 during a media presentation.

Egypt builds on COP27 with electric bus deal

The deal follows Egypt hosting the COP27 climate change conference, during which Egypt also announced a plan to develop high-speed rail.

The United Arab Emirates' (UAE) minister of industry and advanced technology, Sultan al-Jaber (L), looks on as John Kerry, the US president's climate envoy, tours the Global Manufacturing and Industrialisation (GMIS) Summit in Dubai on November 22, 2021. (Photo by AFP) (Photo by -/AFP via Getty Images)

Middle East climate tech startups to be hot investment in 2023, but market still lags

Samuel Wendel

In Washington, DC, reporting on regional business and tech

A picture shows the UAE's al-Badia Farms in Dubai, an indoor vertical farm using innovative hydroponic technology.

Another vertical farm comes to Saudi Arabia

Vertical farming has great potential to help alleviate rising desertification in the Middle East, which could threaten the region’s food supply in the future.

JALAA MAREY/AFP via Getty Images

Globes, Statista publish list of fastest growing companies in Israel

Israeli tech is experiencing a downturn even as the Israeli government is working to attract new workers to the sector.

Autonomous bus

Israel launches $17m self-driving public bus project

The Transportation Ministry decided on the companies that would be authorized to launch a two-year pilot program of autonomous public transportation.

Mideast solar

Dubai’s AMEA Power advances wind, solar projects in Egypt

The project is one of many that Emirati entities have announced this year. Egypt could benefit from more renewable energy, but already has some solar and wind plants in the country.