Lucid announced $1.4 billion in identified cost cut as H1 2026 losses widened 50% to $2.4 billion from $1.6 billion a year earlier. H1 production was 10,274 vehicles against a full-year target of 25,000–27,000. Shares fell 9% after the announcement.
The second half now needs to roughly double the first, and $1.4 billion in cuts does not close a $2.4 billion gap on its own, production is the real test here, not the balance sheet.
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Services Are The New Engine
PIF signed an MoU with ISquared Capital for up to $2bn, roughly $1bn each into digital infrastructureand district cooling, the unglamorous enablers behind real estate and datacenters
The takeaway: $1bn into digital infrastructure is a wager on compute demand; anyone in power, land, or connectivity near Riyadh should price a data-center boom into their plans.
Six hundred seventy-one million euros
The two headline fixtures of round 6 in the Roshn Saudi League carry combined squad values of €671.11 million on Transfermarkt data. Al-Qadisiyyah against Al-Ahli totals €347.73 million, Al-Ahli at €193.9 million and Al-Qadisiyyah at €153.8 million, a gap of €40.07 million, while Al-Hilal against Neom totals €323.38 million, with Al-Hilal at €239.8 million and Neom at €83.50 million. Total league squad values stand at €1.28 billion.
Most of the value is found in just a few squads, not spread evenly across the league. When you plan your sponsorship budget, focus more on the clubs that offer the most value instead of choosing league-wide packages.
A thousand ideas, four winners
The Start Smart competition concluded its 9th edition at LEAP 26 and launched its 10th, having drawn more than 1,000 submissions from which 40 ideas participated and 4 startups won: Nazra in healthcare data analytics, Findligent in smart retail, and ApolloByte in cloud design and Jamaa in collaborative commerce tied for third. Participants went through a 2-month training programme, and the tenth edition runs 4 tracks. The competition launched in 2016 and is organised by the Jameel Community Arabia Foundation with the National Program for Information Technology Development, the Digital Leadership Center and the Savola Foundation.
Receiving over 1,000 submissions and narrowing them to 40, then to 4, demonstrates an effective selection process. The primary value of a program like this lies in the top 40, rather than just the final winners.
