Amid the news of Washington Post columnist Jamal Khashoggi’s disappearance and likely death in Turkey sits a technological mystery involving an Apple Watch.
Thursday, the Washington Post reported that Turkish authorities had audio recordings that con…
Category: Saudi Arabia
Here’s why WWE fans are talking about the mysterious disappearance of a Saudi Arabian journalist
The mystery surrounding the disappearance of Saudi Arabian journalist Jamal Khashoggi and reports of the Saudi government’s involvement with his possible murder has resulted in outrage, but it’s also had an impact on a group you may not have suspecte…
View More Here’s why WWE fans are talking about the mysterious disappearance of a Saudi Arabian journalistSaudi Arabia’s sovereign fund will also invest $45B in SoftBank’s second Vision Fund
The sovereign fund of Saudi Arabia plans to invest $45 billion into the second SoftBank Vision Fund, two years after putting the same amount into the original $100 billion Vision Fund, Saudi Arabia Crown Price Mohammed bin Salman told Bloomberg in an interview on Friday. When the first Vision Fund was announced, it was by […]
View More Saudi Arabia’s sovereign fund will also invest $45B in SoftBank’s second Vision FundThe 7 most eyebrow-raising details in the Elon Musk fraud complaint
The securities fraud complaint filed by the U.S. Securities and Exchange Commission against Tesla CEO Elon Musk contains an eye-opening view into the events leading up to the “funding secured” tweet heard round the internet. And luckily, TechCrunch has read through the document and highlighted the most compelling details, including new insights from the SEC’s […]
View More The 7 most eyebrow-raising details in the Elon Musk fraud complaintVezeeta, the leading MENA healthcare startup, secures $12M Series C led by STV
One of the major structural issues in the Middle East is the lack of consistent healthcare across the region. So this market was clearly waiting to be disrupted by technology. In 2011 Vezeeta came along to change that. Launched initially in Cairo as a sort of “Uber for Ambulances”, it has since expanded to cover […]
View More Vezeeta, the leading MENA healthcare startup, secures $12M Series C led by STVA Tesla competitor just got $1 billion boost from Saudi Arabia
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A hotshot electric vehicle company in Silicon Valley just got a $1 billion investment from Saudi Arabia’s Public Investment Fund.
No, not Tesla. We’re talking about its eventual competitor, Lucid Motors, which is based right next door to Tesla’s Fremont headquarters in Newark, California.
The luxury electric vehicle brand announced the cash infusion this week, saying it would use the funding to move forward with its Tesla Model S “killer,” the Lucid Air, expected to launch in 2020, and to build out its factory in Casa Grande, Arizona. Read more…
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View More A Tesla competitor just got $1 billion boost from Saudi ArabiaLucid Motors secures $1 billion from Saudi wealth fund to launch the Air
Saudi Arabia’s sovereign wealth fund is investing $1 billion into Lucid Motors, capital that will finance the commercial launch of the startup’s first electric vehicle. The agreement comes just six weeks after Tesla CEO Elon Musk tweeted that he was considering taking Tesla private at $420 a share and had secured the proper funding to […]
View More Lucid Motors secures $1 billion from Saudi wealth fund to launch the AirElon Musk defends decision to announce plans to take Tesla private
Oh, Elon.
The Tesla founder and CEO just released a statement defending his tweets last week announcing his consideration of taking the company private. It confirms that Saudi Arabia is providing the funding he’d like to use to take his company priva…
Saudi Arabia might be interested in helping Tesla go private
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Nearly a week after Tesla CEO Elon Musk tweeted his intention to take the company private, we still don’t know much about the funding for the endeavor — which Musk said was “secured.”
And while the U.S. Securities and Exchange commission is reportedly looking into Musk’s claims, speculation is running wild. According to a Bloomberg report, published Sunday, part of the financing for taking Tesla private might come from Saudi Arabia’s Public Investment Fund (PIF).
According to the report, which cites people with knowledge of PIF’s plans, the fund is working to be a part of “any investor pool that emerges” to take Tesla private. The talks between the Saudi fund and Tesla reportedly began before Musk’s tweet on Aug. 7. Read more…
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With no white knight in sight, Tesla shares plummet from Musk’s tweet-related highs
Investors definitely aren’t stoked by the deafening silence coming from Tesla after its chief executive announced in a tweet that he plans to drop a fat sack of cash on public shareholders in a bid to take the company private. Tesla’s shares have tumbled from their post-tweet highs as investors are now left with the embers […]
View More With no white knight in sight, Tesla shares plummet from Musk’s tweet-related highsUber is helping Saudi Arabia drive its cultural transformation
Uber has about 95,000 monthly active drivers in Saudi Arabia. And right now, only one is a woman. But that’s about to change. Uber (as well as Middle East ride-hailing rival Careem) is launching programs aimed at leveraging the sweeping cultural and economic changes afoot in the country. On Sunday, Saudi Arabia’s King Salman lifted […]
View More Uber is helping Saudi Arabia drive its cultural transformationSaudi Arabia issues its first driver’s licenses to women
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Saudi Arabia’s controversial ban on women drivers will lift on June 24, and 10 women have already picked their licenses up.
According to the Saudi Press Agency (SPA), women holding kingdom-approved international licenses Monday started trading them in for national ones from the General Traffic Directorate (GDT).
“The exchange process is taking place on various spots around the kingdom to lay the ground for women sitting behind the wheels on the roads — a turning point set to be actualised on June 24,” read an SPA statement.
Arab News shared a video of one of the first licenses issued in Riyadh, in which a woman receives her Saudi license from GDT officials. Read more…
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