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 month to construct a new state-of-the-art, technology-agnostic battery cell...

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 dollar framework agreement to accelerate its planned commercial air taxi operations...

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 all-electric aircraft for commercial passenger service, has inked a strategic...

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 rainfall last week. The April 16 rains brought the city to a standstill as...

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 debuted the UAE’s first operational vertiport for electric vertical take-off and...

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 leading Australian developer of public-private infrastructure projects, have...

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 Fund, in collaboration with the Oman Investment Authority (OIA) represented by...

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, fixed income news service IFR said. The emirate sold $1.75bn in five-year...

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 affected by severe weather conditions to defer personal and car loan repayments...

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 the UAE, Sharjah Police, issued an order to waive all traffic violations...