Citigroup initiates coverage on Lucid Group with buy rating and $17 price target, citing positive inflection point driven by Gravity SUV production, Uber partnership, new Cosmos model, and strong backing from Saudi Arabia's PIF as key growth catalysts for the electric vehicle manufacturer
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Citigroup Initiates Coverage on Lucid with Buy Rating
Citigroup initiates coverage on Lucid Group with buy rating and $17 price target, citing positive inflection point driven by Gravity SUV production, Uber partnership, new Cosmos model, and strong backing from Saudi Arabia's PIF as key growth catalysts for the electric vehicle manufacturer
EA Acquisition By Saudi PIF Faces Backlash From Game Developers Union
The US$55 billion (~RM231 billion) acquisition of Electronic Arts (EA) by the Saudi-backed Public Investment Fund (PIF) has, unsurprisingly, stoked many fires underneath the gaming community, even …
EA Acquired By Saudi Public Investment Fund For US$55 Billion
Electronic Arts (EA), the developer, publisher, and owner of AAA IPs such as Battlefield, the Star Wars Jedi franchise, and the Sims, has been sold to the Saudi Arabia Public Investment Fund, for a…
OpenAI in Talks to Raise $40 Billion from Saudi Arabia, UAE, and India
OpenAI is in advanced talks to raise $40 billion from Saudi Arabia’s PIF, UAE’s MGX, and India’s Reliance Industries, as it accelerates global AI infrastructure expansion.
Editorial: The LIV-PGA merger exposes stunning leadership hypocrisy
Back in July 2021, the families of those who lost loved ones on Sept. 11, 2001, were outraged by the arrival of a Saudi-backed golf tournament at the New Jersey golf course owned by Donald Trump, just 50 miles from the wreckage of the World Trade Center. The families pointed out that 15 of the 19 hijackers on 9/11 were Saudi nationals. Trump, who was playing in the tournament with his son Eric, merely rubbed salt into their wounds by saying, falsely, that “nobody has gotten to the bottom of 9/11.” Also playing that cozy day in Bedminster: the chief banker to Saudi Crown Prince Mohammed bin Sal...
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