LATEST NEWS

DRIFTx: ADIO, Regent partner to develop electric seagliders for...

April 27, 2024

The seagliders will serve routes of up to 180 miles (300km) with existing battery technology and up to 500 miles (800 km) with next-gen batteries The Abu Dhabi Investment Office (ADIO) has announced a...

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How UAE’s recent floods will impact construction projects

April 27, 2024

Several construction projects in the UAE will be affected, with huge potential for delays and damage to ongoing works The UAE was hit by record rains on April 16, the worst storm since record-keeping began...

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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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