Saudi PIF in talks to invest in aspiring Tesla rival Lucid

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Saudi Arabia

News, analysis, and more

Hajj: 2018

Saudi capsule hotels and fire extinguishing balls employed for serving pilgrims during Hajj season

Made of plastic and fiberglass, each capsule hotel room is 220-cm-long, 120-cm-wide, and 120-cm-high and is supported by a metal structure. The walls are made ...

 

Saudization

Why is the retail sector central to Saudization plans?

Saudi’s job market is undergoing a transformation, mostly thanks to government-led initiatives to put more nationals at work. ...

 

Public Investment Fund

Exclusive: Saudi PIF in talks to invest in aspiring Tesla rival Lucid

PIF, the Saudi Arabian sovereign wealth fund that Tesla Inc (TSLA.O) CEO Elon Musk has said could help him fund a $72 billion deal to ...

 

Bankruptcy Law

Saudi Arabia’s bankruptcy law comes into effect

Majed Al Rasheed, secretary general of the bankruptcy committee at the Ministry of Commerce and Investment, said the comprehensive framework will improve Saudi’s international standing ...

 

Tourism

How Saudi Arabia Is Working on Becoming a Top Tourist Destination by 2030

By now, you’ve probably heard of Saudi Arabia’s latest efforts to revamp its economy, open itself up to mainstream tourism, provide women in the Kingdom ...

 

Saudi Women

Aseel Al-Hamad wants to blaze trail for future Saudi women in motorsport

When Aseel Al-Hamad took the wheel of the 2012 Renault Formula One car during the French Grand Prix weekend in June, on the same day ...

 

Saudi Taxis

Saudi grants licences for family taxi cabs driven by women

Licences have been granted for Saudi family taxi cabs that will be driven solely by women drivers. The Public Transport Authority has issued comprehensive regulations along ...

 

Real Estate

Saudi Arabia awards contract for 10,000 residential units

The Housing Ministry in Saudi Arabia has signed two agreements with real estate development companies to build some 10,000 residential units in the city of ...

 

SABIC

Saudi Sabic, US firm partner to develop breakthrough products

Saudi Arabia’s Sabic, a global leader in the chemical industry, has partnered with US-based innovation and product design firm Nottingham Spirk to accelerate innovations with ...

 

Yemen Civil War

Yemen’s Houthi Group Says It Fired Missile at Saudi Arabia’s Najran Province

Yemen's Houthi group fired a Badr-1 missile at the Saudi Arabian province of Najran, the Houthis' Masirah TV said in a tweet on Monday. ...

 

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Regional and related topics

Turkey

Commentary: Turkey’s crisis is likely to deepen, based on history

Turkey, Argentina, South Africa, and Indonesia have little in common. They vary in population size, economic structure, banking systems, and political institutions. So why are ...

 

War in Yemen

UN invites Yemen government and Huthis to peace talks

The United Nations has invited Yemen's government and Iran-backed Huthi rebels to Geneva next month for talks on resolving the country's civil war, a spokeswoman ...

 

India in the Region

The many benefits of India’s growing ties with Saudi Arabia and UAE

Both countries have long hosted millions of Indian expatriates, from construction workers to senior executives, and both have long sold significant quantities of oil to ...

 

Global Economy

Big Questions on Global Economy Hang Over Jackson Hole Gathering

Summer break for central bankers ends this week when their leaders gather Friday and Saturday for the Federal Reserve’s annual policy symposium in Jackson Hole, ...

 

Anti-ISIS Campaign

Joint Task Force ARES and Operation GLOWING SYMPHONY: Cyber Command’s Internet War Against ISIL

U.S. Cyber Command’s strategy for curtailing ISIL’s ability to exploit the internet may at least partially be paying off, according to an analysis of recently ...

 

Afghanistan

Erik Prince’s Plan to Privatize the War in Afghanistan

Erik Prince thinks he can turn around the war in Afghanistan, and he’s got a PowerPoint deck to explain the whole thing. The Blackwater founder ...

 

U.S.-Israel

Netanyahu and Bolton discussions focus on Iran nuclear program

White House national security adviser John Bolton arrived in Israel on Sunday on the first leg of an overseas trip, and met Israeli Prime Minister ...

 

East Africa

UAE eyes Horn of Africa oil with Ethiopia – Eritrea pipeline

The country which has recently signaled it’s willingness to open up it’s economy to foreign investors, under the leadership of Prime Minister Abiy Ahmed, has ...

 

Africa

Nigerian oil pipeline shut because of spill

A Shell subsidiary said it would begin remediation efforts as soon as site assessments in the Niger Delta communities impacted by the spill are completed. ...

 

Kuwait

Kuwait Exhibitor Launches Rebrand With Eye on Saudi Launch, Expansion

The Kuwait National Cinema Company has launched new branding for its Cinescape exhibition circuit alongside the opening of a major new multiplex. The nine-screen Cinescape ...

 

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