dubai

The Port of Fontvieille Harbor in the Principality of Monaco.Education Images | Universal Images Group | Getty ImagesThe ultrawealthy are looking for a better lifestyle and strong investment when it comes to buying their next home, according to a new study.One-quarter of American ultra-high-net individuals, or those worth $30 million or more, plan to buy a residential property this year, according to the Douglas Elliman and Knight Frank Wealth Report. The average ultra-high-net-worth individual already owns four homes,…

In this sort-of spin on Cyrano de Bergerac, the poor letter-writing schmuck with not a hope in hell’s chance of getting the girl is a teenager called Khalifa; he’s more boy than man, a few hairs sprouting experimentally from his top lip. It’s Dubai in 1965, and Khalifa is one of life’s romantics: after watching Dr Zhivago he rushes out to buy a wool trench coat and furry hat, never mind the scorching heat. He might remind you of a character from Wes Anderson, bright and restless, and he’s nicely played by Eslam Al Kawarit…

Joby Aviation is one step closer to becoming the Uber of the air. The California-based air-taxi company announced Sunday that it has signed an agreement with the Dubai government to begin operating air taxis in the United Arab Emirates in 2026, with some operations beginning as early as next year. If it can hit this goal, Joby and the UAE will be able to boast the first regularly operating air-taxi service in the world.Joby has hit several milestones recently. Back in 2021, it showcased how much quieter its air-taxi…

Dubai’s Road and Transport Authority (RTA) penned an agreement over ‘air-taxis’ with Joby Aviation on Sunday, February 11. The contract was given to Joby Aviation at…

eVTOL developer Joby Aviation has signed a definitive agreement with the government of Dubai to begin air taxi operations in the United Arab Emirates (UAE), sweetened by the exclusive rights to aerial operations in the country’s capital for six years. Competition is starting to heat up in the eVTOL world as several major players in the segment move ever closer to commercial eVTOL operations around the globe. As a result, we are starting to learn which companies will legitimately bring full-scale…

The Dubai skyline.Umar Shariff PhotographyWheely, a luxury-focused competitor to ride-hailing giant Uber, is launching in Dubai as the company looks to reembark on an international expansion effort that was quashed by Covid in 2020.The company, founded by Russian-Swiss entrepreneur Anton Chirkunov, told CNBC it will offer rides in the United Arab Emirates city starting Wednesday, catering mainly to wealthy clients.As part of its Dubai debut, Wheely will start offering users rides in BMW 5 Series cars for the first time, a…

Dubai is set to stage a highly anticipated crypto event which will garner significant attention from the top players in the industry. TOKEN2049, scheduled to take place on April 18-19, will foster collaboration and innovation among entrepreneurs, investors, developers, industry insiders and the global media. Introducing TOKEN2049 TOKEN2049 will unfold over two dynamic days and will feature meet-ups, networking opportunities, workshops and numerous other activities. Beyond the main showpiece, there will be a…

This Copernicus Sentinel-2 satellite image taken in January 2024 provides insights into Dubai’s growth and its iconic artificial islands. Credit: Contains modified Copernicus Sentinel data (2023), processed by ESA, CC BY-SA 3.0 IGOHighlighting Dubai’s development and artificial islands, a false-color Sentinel-2 image reveals the city’s rapid urban expansion and distinctive coastal features, including the Palm Islands and Jebel Ali Port, through advanced imaging techniques.This false-color image acquired by the Copernicus…

Updated Jan. 1, 2024 9:26 pm ETChina Evergrande New Energy Vehicle said an agreement for a Dubai-based automaker to subscribe to its shares has expired, raising fresh doubts about a potential cash injection for the Chinese electric-vehicle manufacturer.The parties to the share subscription and the loan conversion agreement by Nasdaq-listed carmaker NWTN haven’tagreed to extend the long stop dates, which expired Dec. 31, 2023, Evergrande New Energy Vehicle, also known as Evergrande Auto, said in a filing late…

The American electric vehicle manufacturing giant, Tesla Inc., is gearing up for the launch of its Indian subsidiary, Tesla India Motors and Energy Private Ltd. Recently, a Tesla Model X, which is the premium EV SUV from the brand, was seen driving around in Bangalore, Karnataka. This recently spotted Model X had an international number plate, and reports have stated that Tesla executives have been driving this SUV around in Bangalore. Tesla test drives Bengaluru roads 👌. 📍Minsk Square #Tesla #India #Bengaluru…