A leaked memo reveals that Anthropic, a leading AI startup, is pursuing investment from Gulf states (UAE, Qatar) to compete in capital-intensive AI development, despite ethical concerns. The CEO highlighted the need to align with global peers already backed by Middle Eastern capital. Source: wired.com
Anthropic seeks Gulf state AI funding Read More »
The U.S. recently unveiled several major crypto laws—the Clarity Act, Anti‑CBDC Surveillance State Act, and Genius Act—a regulatory shift expected to ripple into Middle Eastern markets. UAE and regional exchanges like BitOasis are now adapting strategies in response to these changes. Source: theverge.com
US crypto regulation shakes regional outlook Read More »
Major Gulf equity indices fell after growing anxiety over impending U.S. tariffs and falling oil prices. On July 22, Saudi Arabia’s TASI dropped 1.3%, Dubai’s index slipped ~0.3%, and Qatar saw mixed performance—though banking stocks held gains. Investors remain cautious amid global trade headwinds. Source: reuters.com
Gulf stock markets dip on trade concerns Read More »
UAE‑based yacht manufacturer Gulf Craft is now allowing payments in stablecoins (USDT, USDC) for yacht purchases, services, and refurbishment. Partnering with Bahrain’s ARP Pay, the crypto is converted into AED or USD—marking a significant step in the luxury sector’s digital asset adoption. Source: gulfcraftgroup.com
Gulf Craft now accepts cryptocurrency Read More »
Venture capital investment in Saudi Arabia more than doubled in H1 2025, reaching an impressive SAR 3.2 billion (~USD 830 million)—already exceeding last year’s total. The kingdom captured 56% of MENA’s VC deals (114 in total), with e‑commerce raising $306 million and fintech leading the deal volume at 30 deals. Notably, Ninja and Xpanceo each secured $250 million, joining the Gulf unicorn club. Source: AGBI
Saudi startup funding rebounds to $830 M Read More »