Middle East's EV bet faces reality check
The latest warning sign comes from Lucid, the US luxury EV maker majority-owned by Saudi Arabia’s Public Investment Fund, which in early August reported a $1.26 billion second-quarter loss.
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The check engine light is flashing for the Middle East’s electric vehicle production drive, as setbacks mount in 2026 despite new consumer demand. We explore that trend this week alongside an Israeli startup’s role in the OpenAI hacks, Turkey’s tightening cyber grip and more.
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