Dubai, United Arab Emirates — Saudi Arabia’s sovereign wealth fund invested more than $1 billion Monday in an American electric car manufacturer. The electric-car investment is a bold move for Saudi Arabia, an ultraconservative kingdom that for decades has relied on its oil wealth as the world’s top crude exporter. The Saudi Public Investment Fund said it would invest the over $1 billion in California-based Lucid Motors, an 11-year-old private company that has yet to bring a vehicle to market.
CAIRO — Muslims around the world were observing Tuesday yet another major Islamic holiday in the shadow of the pandemic and amid growing concerns about the highly infectious delta variant of the coronavirus. Eid al-Adha, […]
DETROIT — When it was new, the window sticker price on a typical 2019 Toyota Tacoma SR double cab pickup was just under $29,000. Two years later, dealers are paying almost $1,000 more than that […]
DUBAI, United Arab Emirates — Saudi Arabia said Tuesday that because of the coronavirus only “very limited numbers” of people will be allowed to perform the annual hajj pilgrimage that traditionally draws around 2 million […]