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 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. Legacy: Gulf
Jordan increases renewable energy use Jordan does not have large oil and gas reserves, unlike other countries in the region. Jordan
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. Legacy: Gulf
Israeli startup to build quantum computing center Israel is making progress in the development of quantum computing, as are Saudi Arabia and the UAE. Israel
Israeli crypto firm Celsius files for bankruptcy Cryptocurrencies have plummeted in value this year. Israel
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. Iraq
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. Turkey
'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. Palestine
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. Legacy: Gulf
Egypt licenses first power unit at Dabaa nuclear power plant The Egyptian Nuclear and Radiological Regulatory Authority licensed the construction of the first power unit at the Dabaa nuclear power plant, in a step showing that the Russian-Egyptian venture has not been affected by Russia’s war on Ukraine and the ensuing sanctions imposed on Moscow. Egypt
Dubai to test 'zero-emission' electric bus The UAE is investing in an array of green and renewable energy projects. Legacy: Gulf
Israeli tech companies take fertility treatments to next level With generous state financing for fertility treatments, the in vitro fertilization field is booming in Israel and several Israeli start-ups are working to innovate it. Israel