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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

Guests attend the Global AI 2020 (Artificial Intelligence) Summit in Riyadh, Saudi Arabia, on Oct. 21, 2020.

Saudi Arabia plans new AI center

The agreement between the Saudi Authority for Data and Artificial Intelligence and King Abdullah University was made on the sidelines of an artificial intelligence summit in Riyadh.

A general view of the Fortescue Metals Group building on February 1, 2021, in Perth, Australia.

Egypt enlists Australian company to help develop green hydrogen project

Green hydrogen is receiving more attention in Egypt ahead of the upcoming UN climate change conference in Sharm el-Sheikh.

Rama Chakaki

Tech entrepreneur Rama Chakaki discusses opportunities, challenges for AI in Mideast in Al-Monitor PRO webinar

Chakaki discussed artificial intelligence’s growth in the Middle East, differences between men and women investors and much more at the Al-Monitor live webinar.

OLI SCARFF/AFP via Getty Images

Dubai-based firm to build offshore wind farm in UK

Many Emirati companies are working on renewable energy projects.

United Arab Emirates

A man walks past an electric car in Masdar City, outside the rich Emirate of Abu Dhabi, on Oct. 7, 2015.

China’s NWTN to build electric vehicle facility in Abu Dhabi

The deal represents the UAE’s push toward green technology, as well as China’s growing influence in the wider region.

JACK GUEZ/AFP via Getty Images

Investment in Israeli food tech doubles

Israel is quickly becoming one of the world leaders in cultivated meat, dairy and seafood products.

Qatar ammonia

Qatar to build new plant to produce blue ammonia

Several Gulf states are experimenting with blue ammonia and carbon capture technology, which has energy-related potential but a mixed impact on the environment.

S Korea nuclear

Russia, South Korea cooperate on Egypt’s Dabaa nuclear plant

South Korea has won a $2.25 billion deal to construct turbine buildings for Egypt’s first nuclear power plant in Dabaa, which Russia is currently constructing.

Hydrogen tank.

Saudi firm Alfanar to build green hydrogen plant in Egypt

Saudi Arabia is helping Egypt boost its renewable energy capabilities.

A man looks at his phone on the corniche in the Qatari capital Doha on July 2, 2017.

Qatar issues first digital payment licenses to fintech providers

Qatar as well as Saudi Arabia and the UAE are seeking to bolster their fintech sectors.

Asterra vest

Israeli radiation vest features in NASA space mission

The mission by the US and German space agencies seeks to enable future travel to Mars.

Israeli and American representatives sign the memorandum of understanding on cybersecurity cooperation, Jerusalem, Aug. 23, 2022.

Israel-US sign cybersecurity agreement

Adamant to increase bilateral and international cooperation against cyber ransom and other cyberthreats, Israel and the United States signed Aug. 23 a memorandum of understanding to that effect.