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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

CoinMENA

Bahrain’s CoinMENA to offer crypto services in Egypt

Crypto is particularly growing in Bahrain and the UAE, in part due to evasion of sanctions on Russia in the latter.

Lauren DeCicca/Getty Images

UAE bank to allow cryptocurrency trading in dirhams

A bank in the United Arab Emirates will soon allow its customers to trade cryptocurrencies using Emirati currency.

Digital Tourism Hackathon in Palestine.

West Bank hosts first digital tourism hackathon

For the first time, Palestinians hold a digital tourism hackathon to develop innovative solutions to the problems facing the tourism industry.

A worker walks past a waste management facility under construction at the Bee'ah company in the Gulf emirate of Sharjah.

UAE requests bids to build another waste-to-energy power plant

The Emirates recently unveiled a power plant in Sharjah that converts garbage into electricity. Some environmental groups believe such facilities are harmful due to their carbon footprint, but burning garbage also reduces landfill waste.

A view of the Hamdan al-Qara mosque in southern Amman, equipped with 140 solar panels on its roof.

Jordan increases renewable energy use

Jordan does not have large oil and gas reserves, unlike other countries in the region.

United Arab Emirates President Sheikh Mohamed bin Zayed al-Nahyan (R) looks on during a meeting.

Abu Dhabi National Oil Company to work with France’s TotalEnergies on carbon capture

The deal came during UAE President Sheikh Mohammed bin Zayed Al Nahyan’s visit to France, where he strengthened energy relations with the European country. The two countries have grown closer over Libya and energy exploration in the Eastern Mediterranean.

THOMAS KIENZLE/AFP via Getty Images

Israeli startup to build quantum computing center

Israel is making progress in the development of quantum computing, as are Saudi Arabia and the UAE.

Israeli crypto firm Celsius files for bankruptcy

Cryptocurrencies have plummeted in value this year.

A municipal worker is lowered after adjusting a solar panel.

Iraqi company to build solar-powered street lights

The Iraqi government is making efforts to develop solar energy. The country suffers from widespread power cuts.

YASSER AL-ZAYYAT/AFP via Getty Images

Turkey, UAE continue to mend ties with space agreement

Turkish-Emirati economic ties have gradually strengthened this year, reducing tensions between the two regional powers.

A protester wearing a mask of the Anonymous computer hacking activists group and holding the Palestinian flag.

'Ethical hacking' courses proliferate in Gaza

Some centers in Gaza are providing courses on ethical hacking under the pretext of helping citizens protect their online data, while in some cases hacking and piracy operations are being taught.

UAE AI

UAE announces measures to attract ‘digital companies’

The Emirates wants to attract more high-tech companies, especially those working on artificial intelligence. Some cryptocurrency firms are moving to the Gulf state.