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Saudi Arabia: 20 women elected in first women inclusive vote

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source: nbcnews
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Riyadh: Voters in Saudi Arabia elected 20 women for local government seats, according to election results after the momentous day when women were allowed to vote as well as contest in the polls for the first time in the history of the country.

Though the elected 20 form just one per cent of the estimated 2,100 contested seats in the municipal council, it is a huge step forward for a country where women still need permission from male guardians to work, travel, or enroll in school. Women are not even allowed to drive in Saudi Arabia.

The only two former elections in 2005 and 2011 featured only male candidates campaigning for a mass of male voters. The municipal council, which is the only government body in Saudi where citizens elect the representatives, saw roughly 7000 prospective candidates for its positions, including 979 women.

There are no quotas in place for women candidates. However, 1,050 seats are appointed only on the king’s approval, which gives him the power to make sure that more women are represented.

The elected women come from various parts of the country, including the largest city, as well as a small village near Mecca.

Riyadh, Saudi’s conservative capital, saw four elected women – the highest from any region – while the Shiite concentrated Eastern Province had two elected women, said Hamad Al-Omar, who heads the media council of the General Election Commission.

Saudi Arabia’s second largest city, the most cosmopolitan Jeddah, along with the conservative city of Qassim, both saw two women elected.

Madrakah, a village situated about 150 kilometres north of Islam’s holiest site, also saw a woman elected, informed Mecca mayor Osama al-Bar to the AP.

Yet another woman won in Medina, where the Prophet Muhammad’s first mosque was built.

In the northernmost areas of the kingdom, two women were elected in Tabuk, and one each from Jawf and Hail. Jizan, on the southernmost border had one woman representative, neighbouring region Asir had another, and the eastern region of al-Ahsa had two.

Many of the women candidates ran on platforms promising overall greener cities with better garbage collection, improved roads, increased number of nurseries for working mothers which offer longer daycare hours, and the establishment community centers for the youth with sports and cultural activities.

Also read: Saudi Arabia cracks women political barrier, allows them to vote

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Saudi Arabia’s Sovereign Fund Invested $1 Billion In An American Electric Car Manufacturer

Saudi Arabia's 33-year-old Crown Prince Mohammed bin Salman has talked about using the PIF to help diversify the economy of the kingdom.

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Derek Jenkins, VP of Design at Lucid Motors, introduces the alpha prototype of the Lucid Air at the 2017 New York International Auto Show in New York City. VOA

Saudi Arabia’s sovereign wealth fund invested $1 billion Monday in an American electric car manufacturer just weeks after Tesla CEO Elon Musk earlier claimed the kingdom would help his own firm go private.

Tesla stock dropped Monday on reaction to the news, the same day that the Saudi fund announced it had taken its first loan, an $11 billion borrowing from global banks as it tries to expand its investments.

The Saudi Public Investment Fund said it would invest the $1 billion in Newark, California-based Lucid Motors.

Lucid Motors
Lucid Motors. Flickr

The investment “will provide the necessary funding to commercially launch Lucid’s first electric vehicle, the Lucid Air, in 2020,” the sovereign wealth fund said in a statement. “The company plans to use the funding to complete engineering development and testing of the Lucid Air, construct its factory in Arizona, enter production for the Lucid Air to begin the global rollout of the company’s retail strategy starting in North America.”

Lucid issued a statement quoting Peter Rawlinson, its chief technology officer, welcoming the investment.

“At Lucid, we will demonstrate the full potential of the electric-connected vehicle in order to push the industry forward,” he said.

The decision comes after Musk on Aug. 7 tweeted that he had “funding secured” to take Tesla private. Investors pushed Tesla’s shares up 11 percent in a day, boosting its valuation by $6 billion.

Lucid Motors
Electric Car

There are multiple reports that the U.S. Securities and Exchange Commission is investigating the disclosure, including asking board members what they knew about Musk’s plans. Experts say regulators likely are investigating if Musk was truthful in the tweet about having the financing set for the deal. Musk later said the Saudi Public Investment Fund would be investing in the firm, something Saudi officials never comment on.

Meanwhile Monday, the sovereign wealth fund known by the acronym PIF said it had taken its first loan, an $11 billion borrowing. It did not say how it would use the money, only describing it as going toward “general corporate purposes.”

Also Read: Electric Cars: The Newest Trend in India

The Las Vegas-based Sovereign Wealth Fund Institute estimates the Saudi fund has holdings of $250 billion. Those include a $3.5 billion stake in the ride-sharing app Uber.

Saudi Arabia’s 33-year-old Crown Prince Mohammed bin Salman has talked about using the PIF to help diversify the economy of the kingdom, which relies almost entirely on money made from its oil sales. (VOA)