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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

Nvidia

Nvidia, UAE's TII launch Mideast's first joint AI, robotics lab in Abu Dhabi

Abu Dhabi’s Technology Innovation Institute said the new lab would be a “first-of-its-kind hub in the region for developing next-generation AI models, robotics platforms and humanoid technologies that will accelerate innovation across industries.”

United Arab Emirates

An Xpeng AeroHT X2 Flying Car is seen on display in Hong Kong on May 17, 2024

China-made flying car makes first test flight in UAE: What to know

The Chinese company is facing competition from a US firm that is currently developing an air taxi service in Dubai.

United Arab Emirates

Ray of sun over the box and antenna during Unbox reliable data transmission and connection with SpaceXs Starlink.

Lebanon grants license to Musk's Starlink in bid to address sluggish telecomms

Starlink’s arrival in Lebanon could give businesses a vital lifeline, but the impact could be limited as long as access is restricted to corporate customers only.

KARIM SAHIB/AFP via Getty Images

UAE’s new AI K2 Think chases DeepSeek moment in Gulf tech race

The Gulf state has launched K2 Think, an open-source reasoning model designed to speedily and efficiently tackle math and logic problems.

United Arab Emirates

BORIS HORVAT/AFP via Getty Images

Middle East internet slows after Red Sea cables cut: What to know

Yemen's internationally recognized government accused the Houthi rebels of planning to attack underwater cables in the Red Sea in February 2024.

A photo illustration shows a laptop screen displays welcome screens and messages on the Github developer platform website, on February 23, 2024 in London, England.

After sanctions, GitHub reopens to Syrian coders in boost for digital revival

Syrian developers regain GitHub access despite blocked platforms and shaky internet.

A supporter of Sudanese football team al-Hilal Omdurman watches on a phone a stream of his team's CAF Champions League group stage match.

World's largest illegal sports streaming site shut down after Egypt arrests

Streameast, believed to be the world’s largest illegal sports streaming network, was taken down in August during a sting operation conducted by Egyptian authorities in collaboration with a US anti-piracy group.

Syria partners with Nokia to rebuild digital infrastructure after years of war

The new Syrian government wants to expand internet access in the country after damage during the civil war and years of underinvestment due to sanctions.

Employees man their terminals at the control room for traffic and crowd management for pilgrims at the General Transport Centre at the Royal Commission for Mecca and Holy Sites in Mecca on June 3, 2025.

Saudi Arabia escalates Arabic AI race with new state-backed chatbot

The app is available only in Saudi Arabia, but the company plans to expand across the region and eventually globally.

Lenovo stand

Lenovo’s $2B Saudi expansion suggests China to hold ground despite US push

Lenovo and Huawei both continue to expand in Saudi Arabia months after US President Donald Trump's landmark Gulf tour delivered tech deals for US giants.

A view of Simorgh (L) and Safir (2nd from left) Space Launch Vehicles and other Iran-made missiles in Iran's Museum of the Holy Defense in Tehran, Iran, on April 4, 2025.

Iran plans 20 satellites, test launch by end of 2025: What to know

Iran is seeking investment in its space agency and has made progress in developing satellites in the face of sanctions, though reliance on Russia remains a factor.

Elon Musk (L) and Nvidia CEO Jensen Huang (C) are directed to greet the Saudi crown prince at the Royal Court in Riyadh, on May 13, 2025.

Starlink targets Saudi skies as Musk’s Middle East push rolls on

The satellite internet service operated by SpaceX had been on an expansion spree in the Middle East in 2025, most recently launching in Israel as it also targets a deal with Saudi Arabia's national airline.