Browsing Tag
Public Investment Fund
19 posts
Lucid raised billions and secured an Uber deal, so why is it cutting jobs again?
Lucid Group is eliminating jobs, a factory shift and its chief operating officer role as Silvio Napoli attempts to align production with demand and preserve cash for the Gravity SUV, midsize vehicles and robotaxi partnerships.
Electronic Arts’ $55bn sale looks close, but Europe has added a second regulatory test
Electronic Arts’ $55 billion sale enters EU review as PIF, Silver Lake and Affinity face the July 22 test. Read what its deal spread signals for investors.
Iran’s missiles hit Saudi soil: Why Riyadh’s defence budget just got a hard floor
Riyadh's defence budget is shielded from oil shocks and Iran's missiles. The harder test is whether localisation hits 50 percent by 2030.
HUMAIN taps Accenture to accelerate sovereign AI deployment across Saudi Arabia
Saudi Arabia has AI infrastructure. HUMAIN and Accenture now face the real test: turning pilots into production-grade systems.
Aramco Q1 2026 profit jumps 26% to $33.6bn as East-West Pipeline absorbs Hormuz shock
Hormuz was closed for ten weeks. Aramco still beat consensus by $2.4bn, ramped its East-West Pipeline to max, and declared a $21.9bn dividend.
Electronic Arts soars on report of $50bn take-private deal that could reshape gaming’s corporate landscape
Electronic Arts stock surged nearly 15% after reports of a $50 billion take-private deal. Find out who is behind it, what risks remain, and why it matters.
Saudi Arabia’s PIF quietly emerges as a key backer in Elon Musk’s $200bn AI push
Is Saudi Arabia’s PIF shaping the next AI superpower through xAI? Discover how sovereign wealth backing could tilt the global AI race.
Can Elon Musk’s xAI hit a $200bn valuation with its massive Colossus supercomputer buildout?
Elon Musk’s xAI is chasing a 200 billion dollar valuation with supercomputer expansion and sovereign investor backing. See what’s driving this mega bet.
Ferrovial completes €2bn Heathrow stake sale amid strategic realignment
Ferrovial, the global infrastructure leader, has officially completed the sale of a 19.75% stake in Heathrow Airport Holdings’…
BlackRock and PIF set to transform Saudi capital markets with new investment platform
BlackRock Saudi Arabia and the Public Investment Fund (PIF) of Saudi Arabia have solidified their commitment to enhancing…