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Technology

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

I-HWA CHENG/AFP via Getty Images

Intel delays work on $25B Israel plant as tech sector feels impact of Gaza war

Israel’s tech sector has been impacted by the Gaza war as well as the government’s judicial reform plans and the global tech downturn.

In this picture taken on October 26, 2011 workers assemble one of the many car models at Chinese carmaker's Chery Automobile plant in Wuhu, east China's Anhui province. The growth of China's car market will be driven primarily by exports this year because domestic sales have slowed dramatically, as the world's largest car market -- sold 614,000 cars abroad in the first nine months of 2011, a 60 percent rise on the same period in 2010. CHINA OUT AFP PHOTO (Photo credit should read STR/AFP via Getty Images)

China’s EV giants target Turkey as trade wars intensify

Samuel Wendel

In Washington, DC, reporting on regional business and tech

Digital generated image of futuristic cubes connecting computer microchip. Cloud technology, big data or fintech technology. Concept of the new digital currency CBDC.

Saudi Arabia joins China, UAE in digital currency project

The kingdom is joining the Switzerland-based Bank for International Settlements' central bank digital currency platform.

People look at a BYD Seal car by Chinese electric vehicle (EV) manufacturer BYD Auto at the Bangkok International Motor Show in Nonthaburi, March 27, 2024.

Turkey-China in 'advanced' talks on EV manufacturing as Beijing footprint grows

Turkey and the Gulf states are aggressively pursuing electric vehicles with entities eyeing cooperation with China.

What Binance's new Dubai license means for UAE cryptocurrency sector

Binance, one of the largest crypto exchanges in the world, has experienced some legal setbacks recently and is the latest firm to receive Dubai’s coveted VASP license.

United Arab Emirates

A Kurdish man wearing a mask flashes the "V" sign.

PKK claims to down 15 Turkish drones in Nowruz announcement

The announcement comes one day ahead of the Kurdish New Year, or Nowruz, which is celebrated by millions of Kurds worldwide, and less than two weeks before Turkey's local elections that are due to be held nationwide on March 31.

BILS Facebook announcement.

Israeli cryptocurrency exchange to launch shekel-backed stablecoin

Stablecoins, which are digital currencies that are pegged to stable assets such as fiat currencies, have a degree of appeal in the Middle East.

Women walks through the Museum of the Future in Dubai during the Artificial Intelligence Forum held on October 11, 2023. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

What to know about MGX, UAE’s latest AI investment firm

The launch of the AI-focused firm follows the UAE’s largest company appointing an AI bot to its board, as Abu Dhabi seeks to become a world player in artificial intelligence.

United Arab Emirates

The Ameca humanoid robot greets visitors at Dubai's Museum of the Future, on October 11, 2022. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

UAE's largest company IHC appoints AI bot to board

Several international companies have named AI-based entities to their leadership structures in recent years. The UAE is seeking to become a world leader in artificial intelligence.

Attendees look around the at NIO EP9 during the 2022 Central China International Auto Show on July 14, 2022, in Wuhan, Hubei province, China.

How UAE fits into China’s electric vehicle push

The United Arab Emirates’ electric vehicle ambitions and restrictions from the United States make the Gulf state an attractive partner for Chinese firms, but Abu Dhabi has a way to go before it meets its electric vehicle ownership targets.

Blue and gold check marks were removed from Press TV's X account.

Twitter/X removes verified status of Iranian state media accounts

The move followed a report suggesting X may be violating US sanctions by offering paid services to sanctioned Iranian organizations.

David Ryder/Getty Images

Convicted Binance founder Zhao denied permission to travel to UAE

Dubai-based cryptocurrency businessman Changpeng Zhao, who pled guilty to violating US laws against money laundering, has been denied permission to return to the United Arab Emirates for a family emergency.