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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

KHALED DESOUKI/AFP via Getty Images

Egypt builds virtual hospital to reach remote Sinai patients

Cairo is building a virtual hospital connected to mobile clinics to serve the Bedouin communities in South Sinai.

A Palestinian youth collects plastic and iron from a landfill in Beit Lahia, northern Gaza Strip, Jan. 17, 2022.

Young Gazan produces diesel, gasoline from plastic waste

Amid increasing fuel prices in the Gaza Strip, a citizen and his brothers from the city of Beit Hanoun managed to produce diesel and gasoline from plastic waste.

Abu Dhabi

Emirati AI firm G42 launches $10 billion investment fund

The UAE is seeking to become a leader in artificial intelligence, and has also successfully attracted some fintech firms.

United Arab Emirates

Gulf region flips bullish on crypto mining, but can it be green?

Sebastian Castelier

Sebastian Castelier

In Dubai, reporting on regional business

A man stands near solar panels displayed at a shop in the town of Dana, Syria.

Another solar project completed in Syria

Solar power is slowly growing in both government and rebel-controlled parts of Syria. The war-torn country suffers from electricity cuts.

Iran's Foreign Minister Hossein Amir-Abdollahian speaks during a joint press conference with his Russian counterpart at the Foreign Ministry headquarters, Tehran, Iran, June 23, 2022.

Iran uses cryptocurrency for import order

After originally cracking down on cryptocurrencies, which have the potential to help evade sanctions, Iranian authorities later decided to authorize them for imports.

(L to R) Moderator and Internet entrepreneur Yossi Vardi, Chemi Peres, Managing General Partner and Co-Founder of Pitango Venture Capital, Edouard Cukierman, founder and Managing Partner of Catalyst Investments, Adam Singolda, founder and CEO of Taboola, Amit Lang, Director General at the Israeli Ministry of Commerce and Industry, Zack Weisfeld, founder and General Manager of Microsoft Global Accelerators and Reem Younis, co-founder of Alpha Omega attend the session "Startup nation - how Israel Does it" at

Israel’s venture ecosystem to weather global crunch

Daniel Frankenstein

Daniel Frankenstein

UAE Masdar

UAE’s Masdar to work on solar and wind power projects in Tanzania

The UAE is diversifying its economy and seeking closer relations with several sub-Saharan African states.

A picture taken on February 18, 2017, shows a general view of a bridge in the Iranian city of Ahvaz during a sandstorm.

Iranian satellite to help agricultural production, disaster management

Iran experiences water issues due to inefficiency, drought and other factors, and this relates to the agricultural sector as well as sandstorms.

Orthodox tech

Israel's ultra-Orthodox entrepreneurs ignore internet taboos

The leadership of the ultra-Orthodox communities in Israel are against the internet, but more and more ultra-Orthodox businesses find ways to be part of the digital arena.

Cryptocurrency

Cryptocurrency exchange receives approval to operate in Dubai

FTX is among several cryptocurrency firms that have announced moves to the UAE, which instituted a regulatory mechanism for virtual assets earlier this year.

Egyptian President Abdel Fattah al-Sisi (back-R) and his Russian counterpart Vladimir Putin (back-L) applaud as Egypt's electricity and renewable energy minister, Mohamed Shaker (R), shakes hands with Alexey Likhachev, the director general of Russia's Atomic Energy Corporation Rosatom, after signing a bilateral agreement in Cairo, Egypt, Dec. 11, 2017.

Russian company begins construction at Egypt’s first nuclear power plant

Russia's state-owned atomic energy company, Rosatom, and the Egyptian Ministry of Electricity and Renewable Energy have begun work at the Dabaa nuclear power plant, Egypt’s first.