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
UAE, Egypt announce new wind farm during COP27 Wind power is growing in Egypt, which is relatively poor in oil and gas. Egypt
Egypt, Russia commence second phase of nuclear power plant construction Egypt is preparing to build the second unit of the Dabaa nuclear power plant about five months after establishing the first unit. Egypt
Saudi crown prince launches electric car company Crown Prince Mohammed bin Salman wants the oil-rich kingdom to focus more on green technology as he seeks to diversify the economy. Legacy: Gulf
Saudi Arabia establishes open banking framework Saudi Arabia wants to grow its fintech sector in line with its diversification plan, but finding the right talent could be a challenge. Legacy: Gulf
Senator calls for investigation into Saudi Twitter ownership Saudi Prince Alwaleed is the second-largest stakeholder in Elon Musk's Twitter, which has earned him criticism from Sen. Murphy. But the prince’s investment in the company is not new. Legacy: Gulf
Egypt plans to launch first satellite to monitor climate change in Africa In the lead-up to the COP27 scheduled to be held in Sharm el-Sheikh in November and in partnership with China, Egypt plans to launch its first satellite specialized in the monitoring of climate changes in Africa. Egypt
Report: Turkey has highest cryptocurrency interest in Middle East CryptoManiaks also found a relatively high amount of crypto-related Google searches in Israel and the United Arab Emirates. Turkey
Qatar signs deal with Google Cloud Qatar is seeking to digitize its economy and government, while Google Cloud wants to expand in the Middle East. Legacy: Gulf
Saudi Aramco launches sustainability fund The more than $1 billion new Saudi fund will invest in hydrogen, ammonia and other alternative fuels to oil. Legacy: Gulf
Israel announces metaverse embassy in South Korea The UAE also recently launched offices in the digital world. Israel
Residents in Israel warn against wave of server farm construction With Google and Amazon winning the tender for a Cloud region in Israel, more data centers will be coming, but some residents have concerns about the environment and quality of life. Israel
Dubai-based crypto firm to offer payment card The partnership between BitOasis and Mastercard could make cryptocurrencies more usable for daily purchases. Legacy: Gulf