RIYADH: A flying car network between Dubai and Abu Dhabi is set to begin in 2025 after Falcon Aviation and Archer announced a collaboration on developing the required infrastructure. Under this partnership, vertiports will be built at Falcon Heliport at Atlantis, the Palm in Dubai, and the Marina Mall heliport in Abu Dhabi’s Corniche. The … Read more
WASHINGTON: US President Joe Biden announced an investigation Thursday into the national security risks posed by Chinese tech in cars, warning they could be used to collect sensitive data. He has ordered the Commerce Department to conduct the probe, focusing on connected vehicles containing technology from “countries of concern” such as China, and to respond … Read more
RIYADH: Saudi Arabia led the Middle East and North Africa initial public offerings, with 14 out of 19 listings occurring in the fourth quarter of 2023. The MENA region witnessed a total of 48 IPOs during 2023, amassing $10.7 billion in proceeds, as detailed in the EY MENA IPO Eye Q4 2023 report. Notably, five … Read more
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LONDON: The International Energy Agency on Thursday raised its global oil demand growth forecast for next year despite an expected economic slowdown, citing an improvement in the outlook for the US and lower oil prices. Despite the upgrade, there is still a sizeable gap between the IEA, which represents industrialized countries, and the Organization of … Read more