LATEST NEWS

Statevolt’s Lars Carlstrom on the upcoming $3.2bn battery...

April 26, 2024

Statevolt will occupy a site spanning 60 hectares in RAKEZ, and is anticipated to generate up to 2,500 direct jobs Statevolt, a US headquartered green industrialisation company, announced plans earlier this...

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Air taxi maker Archer, ADIO to accelerate air taxi operations in UAE

April 26, 2024

Archer seeks to transform urban travel, replacing 60- to 90-minute commutes by car with estimated 10- to 20-minute electric air taxi flights Flying taxi maker Archer Aviation has signed a multi-million...

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DRIFTx: Abu Dhabi, Joby partner to set up, scale electric air taxi...

April 26, 2024

The agreement aims to develop a full air taxi ecosystem, including training, infrastructure and flight operations, as well as a manufacturing presence in Abu Dhabi Joby Aviation, a company that develops...

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Dubai Police waives traffic fines incurred during UAE rains

April 26, 2024

Traffic violations incurred during last Tuesday’s heavy rainfall will be dropped Dubai Police announced on Wednesday, April 24 that it will drop all traffic fines incurred by motorists during the record...

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Abu Dhabi unveils first operational vertiport for eVTOLs

April 26, 2024

The temporary vertiport facility aligns with Abu Dhabi’s strategy to deliver one of the world’s most advanced sectors for eVTOLs by 2026 In a key step towards pioneering advanced air mobility, Abu Dhabi...

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Abu Dhabi’s ADQ acquires key stake in Australia’s Plenary Group

April 25, 2024

Set up in 2004, Plenary has a portfolio of 21 assets under management valued at over $25bn across Australia and the Middle East ADQ, the Abu Dhabi-based investment and holding company, and Plenary Group, a...

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UAE-Oman: ADQ, QIA launch $180m tech-focused fund

April 25, 2024

In 2022, ADQ and OIA identified investment opportunities worth over $bn in key sectors of Oman’s economy Abu Dhabi-based investment and holding company ADQ has launched the $180m technology-focused Jasoor...

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Abu Dhabi returns to debt markets with $5bn bond sale

April 25, 2024

The emirate is rated “Aa2” by Moody’s and “AA” by both S&P and Fitch Ratings Abu Dhabi, on Tuesday launched a $5bn three-part bonds as it returned to the debt markets for the fist time in three years,...

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UAE floods: Banks to defer personal, car loan installments for 6...

April 23, 2024

The central bank said banks will not impose additional fees, interest or profits for loan repayment deferrals The Central Bank of the UAE (CBUAE) has urged banks and insurance companies to allow customers...

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Sharjah drops traffic fines for rain violations, issues free damage...

April 22, 2024

Submerged roads and rising floodwaters forced hundreds of residents to abandon their vehicles, navigating through murky waters to seek safety In response to the recent bout of unstable weather conditions in...

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