Newsletter: FutureVerse China holds its ground in Middle East AI race Last Tuesday, Chinese President Xi Jinping visited Egypt for the first time in a decade, with the trip coinciding with efforts by Beijing to expand its AI footprint in the country. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Who is Amir Yaryab, IRGC’s cyber commander in US crosshairs? The US State Department has offered up to $10 million for information on Amir Yaryab, who oversees a key part of Iran’s cyber operations. Iran
Saudi Arabia taps China’s MiniMax for Arabic AI model The development signals that the kingdom continues deepening AI ties with China while simultaneously pursuing major US technology partnerships, keeping the Gulf state at the center of an intensifying technology race between the superpowers. Saudi Arabia
Newsletter: FutureVerse LEAP’s comeback The fifth edition of the gathering offers a temperature check for the Gulf’s AI ambitions amid fallout from the US-Israel-Iran war. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Newsletter: FutureVerse Economic D-day’s tech risks By Samuel Wendel In Washington, DC, reporting on regional business and tech
Newsletter: FutureVerse Coinbase joins UAE crypto rush By Samuel Wendel In Washington, DC, reporting on regional business and tech
Newsletter: FutureVerse Middle East's EV bet faces reality check By Samuel Wendel In Washington, DC, reporting on regional business and tech
Newsletter: FutureVerse Red Sea tech risks resurface By Samuel Wendel In Washington, DC, reporting on regional business and tech
Kurdcoin founder says lack of regulation crypto's big challenge in Iraq Al-Monitor interviewed Abdurrahman Bapir, who heads Iraq’s first cryptocurrency exchange, on the appeal of cryptocurrency in Iraq and the Kurdistan Region and how the crypto crash has affected the domestic market. Iraq
Germany’s Deutsche Bahn announces Egyptian high-speed rail deal at COP27 Egypt’s railway system is notorious for safety issues and German's expertise promises to help. Egypt
A reality check looms for Middle East's tech startups Samuel Wendel In Washington, DC, reporting on regional business and tech
Bahrain’s CoinMENA to facilitate real estate payments via cryptocurrency The agreement with Carlton Real Estate only applies to certain coins. Cryptocurrency’s utility is increasing in the Gulf. Legacy: Gulf
Kurdistan government in Iraq hopes digitalization will bring investment The Kurdistan Regional Government has made progress digitizing government services, but investors say more is needed to attract serious capital and spur startup growth. Iraq
UAE, Egypt announce new wind farm during COP27 Wind power is growing in Egypt, which is relatively poor in oil and gas. Egypt
Egypt, Russia commence second phase of nuclear power plant construction Egypt is preparing to build the second unit of the Dabaa nuclear power plant about five months after establishing the first unit. Egypt
Saudi crown prince launches electric car company Crown Prince Mohammed bin Salman wants the oil-rich kingdom to focus more on green technology as he seeks to diversify the economy. Legacy: Gulf
Saudi Arabia establishes open banking framework Saudi Arabia wants to grow its fintech sector in line with its diversification plan, but finding the right talent could be a challenge. Legacy: Gulf
Senator calls for investigation into Saudi Twitter ownership Saudi Prince Alwaleed is the second-largest stakeholder in Elon Musk's Twitter, which has earned him criticism from Sen. Murphy. But the prince’s investment in the company is not new. Legacy: Gulf
Egypt plans to launch first satellite to monitor climate change in Africa In the lead-up to the COP27 scheduled to be held in Sharm el-Sheikh in November and in partnership with China, Egypt plans to launch its first satellite specialized in the monitoring of climate changes in Africa. Egypt
Report: Turkey has highest cryptocurrency interest in Middle East CryptoManiaks also found a relatively high amount of crypto-related Google searches in Israel and the United Arab Emirates. Turkey