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
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. Iraq
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. Israel
Egypt launches first city on metaverse Egypt opens the first city on the metaverse inspired by Egyptian civilization. Egypt
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. Egypt
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
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. Legacy: Gulf
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. Israel
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. Israel
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. Egypt
Saudi Arabia to build giant solar power plant The plant, which will be partially owned by the Saudi sovereign wealth fund, will have more output than other solar energy facilities in the region if all goes to plan. Legacy: Gulf
UAE’s cryptocurrency ambitions to continue despite FTX crash Samuel Wendel In Washington, DC, reporting on regional business and tech
Saudi electric car company Ceer to build factory near Red Sea Ceer, which will be Saudi Arabia’s first electric vehicle-maker, is the latest Saudi project to help the oil-rich kingdom diversify. Legacy: Gulf