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The Lucid Air is a luxury electric sedan with the speed and power to rival Tesla

The Verge

seconds, and a price tag that starts at $80,000 Lucid Motors unveiled its first vehicle, the Lucid Air electric sedan, at a virtual event from the company’s Silicon Valley headquarters. It spent much of 2017-2018 languishing until Saudi Arabia’s Public Investment Fund came along. And it will benefit Saudi society.”.

Company 110
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Live blogging the MegaTrends conference

Trends in the Living Networks

The UAE pulled out of the GCC (Gulf Cooperation Council) monetary union because Riyadh in Saudi Arabia was selected as the home for the union’s central bank. Tags: Future of business Global economy. Dubai and Abu Dhabi, despite their strong relationship, compete for regional activity, particularly in financial services.

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Why scenario thinking (more than scenario planning) is critical for executives today

Trends in the Living Networks

A combination of factors, including global recession (partly induced by high oil prices of the late 1970s), many new oil sources, and Saudi Arabia choosing to increase production by 50% for political reasons, resulted in an oil price of just over $5 by 1985. Tags: Future of business Scenarios.

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The state of the UEA and Gulf economies

Trends in the Living Networks

Saudi Arabia over the next year will spend 9% of GDP. Tags: Global economy. However we believe that the GCC countries will weather the storm well. The IMF estimates that the countries have over the last years saved over $1 trillion from oil sales. The monetary and fiscal responses have been appropriate.

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How Saudi money returned to Silicon Valley

Vox

Dion Lee/Vox; Anadolu Agency/Getty Images All the ways Saudi Arabia’s cash powers tech startups and venture capital. It was in late March that Silicon Valley decided that it’s no longer shameful to accept massive investment dollars from Saudi Arabia. Saudi has a founder.