Why Lucid EV Q3 deliveries slipped while nine-month sales edged higher
Lucid EV Q3 deliveries landed at 3,806 vehicles, a 6.7% drop from the same quarter last year, as the Saudi-backed carmaker pulled back production to match softer demand. The figures came out Monday. They show a company making fewer cars on purpose, not by accident. A build that shrank on purpose Lucid produced 2,954 vehicles […]
Why the World Bank now expects Saudi’s economy growth by 2027 to hit 7.9%
A sharp revision to Saudi economic growth by 2027 The World Bank has set its projection for Saudi’s economy growth by 2027 at 7.9 percent, a steep upward revision that shows how fast the region’s largest economy is expected to recover. That figure lifts the earlier World Bank Saudi forecast by about 3 percentage points, […]
Wio Bank introduces the UAE’s first auto-enabled Click to Pay solution
Wio Bank has switched on a Click to Pay solution across its cards, becoming the first issuer in the UAE to auto-enable Mastercard’s online checkout solution for eligible cardholders. The change means a customer paying on a participating website no longer fills in a long card number, an expiry date, and a security code. One […]
