Most Important News

1. Trump: The Iran War Is Over! Iran Talks “Could Take Place Within the Next Two Days”;
2. PIF Injects $550M Into Lucid as Uber Deepens Robotaxi Partnership;
3. Amazon: Over $10 Billion Satellite Acquisition Targets Starlink Rivalry;

At the close of 14/4/2025, the Tadawul All Shares Index(TASI.SA) increased by 0.52%, closing at 11486.18 points; the Parallel Market Capped Index (NomuC)(NOMUC.SA) rose by 0.14%, closing at 22964.59 points.

As of Tuesday’s close, the S&P 500 index(SPX.US) increased by 1.18%, the NASDAQ(IXIC.US) rose by 1.96%, and the Dow Jones Industrial Average(DJI.US) increased by 0.66%.

Trump: The Iran War Is Over! Iran Talks “Could Take Place Within the Next Two Days”

According to Fox News, US President Trump said in a recent interview that the Iran war is over when asked about Iran. Trump also commented on NATO and economic issues during the interview. (Note: Trump had already declared the Iran conflict “basically over” in mid-last month.) In addition, Trump told the New York Post that negotiations regarding the Iran issue “could take place within the next two days” in Pakistan, adding that they are “more inclined” to hold the talks in Pakistan.

Partial Transit Resumes in Strait of Hormuz; US Military Blockade of Iranian Ports Continues

On April 14, US President Trump indicated that the US and Iran could return to the negotiating table in Pakistan within the next two days. Against the backdrop of an ongoing US military blockade of Iranian ports, more than 20 commercial vessels passed through the Strait of Hormuz in the past 24 hours. Although traffic remains below pre-war levels, there are signs of recovery in transportation along this critical waterway.

PIF Injects $550M Into Lucid as Uber Deepens Robotaxi Partnership

Saudi Arabia’s Public Investment Fund (PIF) is investing $550 million in Lucid(LCID.US), while Uber is adding $200 million and expanding its commitment to deploy at least 35,000 Lucid vehicles for its global robotaxi network. These investments aim to accelerate Lucid’s production scale and technology development, support Saudi Arabia’s ambitions in electric vehicles, and position Lucid as a competitive player in the autonomous mobility market.

KSA Stocks

BURGERIZZR Recommends 5.6M Cash Dividend Distribution

Shatirah House Restaurant Co.(6016.SA) board has recommended a 5.6 million SAR cash dividend for FY2025. Shareholders will receive 0.1 SAR per share, representing 10% of the par value. The distribution, pending General Assembly approval, will be made via direct bank transfer. Eligibility and payment dates will be confirmed following regulatory clearance.

TAM Development Appoints Firas Almatrafi as CEO

Tam Development Co.(9570.SA) has announced a leadership shift effective April 15, 2026. Following a board resolution, Abdullah Yousef has resigned as CEO but will remain as a Board Member and Managing Director. Firas Almatrafi, a veteran executive with over 16 years of experience—most recently as COO of AHAD Business Services—has been appointed as the new CEO. The move aims to accelerate TAM’s transformation into a technology-enabled solutions firm.

USA Stocks

Amazon: Over $10 Billion Satellite Acquisition Targets Starlink Rivalry

Amazon.com, Inc.(AMZN.US) is acquiring satellite operator Globalstar (GSAT) for $11.6 billion, intensifying its competition with Elon Musk’s Starlink in the satellite communications market, which is expected to double to $200 billion in the coming years. Amazon plans to launch a direct-to-device satellite service by 2028, enabling mobile devices to connect without traditional cellular towers. On Tuesday, Amazon also announced that Apple’s emergency texting service will move to Amazon Leo, the company’s newly rebranded broadband satellite network. Securing Apple as a client is a major win for Leo, which has previously lagged SpaceX Starlink in signing key partners like airlines.

Meta Surges Over 4% on Expanded Broadcom Partnership for 1-GW Custom AI Chip

Meta Platforms(META.US) soared over 4% to a one-month high after announcing an expanded partnership with Broadcom. The two companies signed a major agreement on Tuesday to extend their collaboration on custom AI accelerator chips through 2029. Meta will initially deploy 1 gigawatt of training and inference accelerators, with the possibility of scaling to multi-gigawatt chips using Broadcom technology. Following the news, Broadcom shares rose more than 3% after hours.