Saudi Edition 
MENA+ Edition 
Egypt Edition 
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Logistics (MENA) 
A Saudi-designed EV by 2030 looks achievable, but the industry behind it is a bigger wager
Supplier depth, local content, and actual demand will decide whether the Kingdom builds cars or builds a car industry
Lucid opts for cost-cutting as financials dim EV prospects
The company plans to trim USD 1.4 bn in expenses to reduce its losses and fund its pipeline
Lucid starts fresh with new CEO + new funds from PIF, Uber
Funds including PIF, Mubadala, and QIA deployed nearly USD 25 bn in 1Q 2026, despite active conflict
Lucid wants to cut China out of EV supply chain
PLUS: Saudi-EU Energy MoU on the way?
FIT Hon Teng + Alrajhi Launch EV Charger Plant at Spark
ALSO: Tourism Development Fund secures SAR 4 bn in financing agreements
Saudi National Fund plans to tap international debt markets within 18-24 months
PLUS- Ladun greenlights long-flagged move to Tadawul’s big league
Syria’s World Bank debts paid up
PLUS: PIF to collaborate with BlackRock, Northern Trust on investments
Lucid closes USD 1 bn convertible bond sale via private placement
Proceeds are earmarked to buy back convertible bonds
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