Author: Arabian Media staff
Image: Supplied Archer Aviation has successfully completed the first test flight of its Midnight electric vertical take-off and landing (eVTOL) aircraft at Al Bateen Executive Airport in Abu Dhabi, marking a major milestone in the company’s plan to launch commercial air taxi operations in the UAE. The flight test focused on evaluating the aircraft’s vertical take-off and landing performance under UAE-specific conditions — high temperatures, humidity, and dust exposure — as part of Archer’s preparations for regional certification and deployment. The company said it will continue expanding its flight testing programme in the region to gather additional data to support…
Niche corner of finance is a pet project of the US administration and a hot topic for business Source link
It might sound fantastical, but Vidarte’s Barcelona-based company Bioo has deployed variations of the technology across three different approaches. The company already has installations in Riyadh using phosphorescent compounds, though specific locations were not disclosed, with brightness levels remaining limited to ambient lighting. Resort guests in Ibiza experience the world’s first biotechnological botanical garden with interactive plant installations. Meanwhile, natural bioluminescent fungi illuminate spaces without any modification whatsoever. “In Dubai, we are making villas,” Vidarte told Arabian Business on the sidelines of GBB’s Real Estate Development Summit in Lisbon, Portugal. “Two, three months.” Biotech cities of the future The technology…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.At my girls’ grammar school in the 90s, our maths teacher introduced us to trigonometry by saying that female brains often found it hard. At least half the class promptly switched off and probably never took an interest in maths again. I am reminded of this episode when studies from the wealth management industry find that women lack confidence about finance. As a result, we are told, women are less likely to invest. The gender investment gap is real. Boring Money, a consumer investment…
Image credit: WAM/Website Dubai Duty Free has reported record-breaking sales for the first half of 2025, with turnover reaching Dhs4.118bn ($1.128bn)—a 5.34 per cent year-on-year increase. The figure exceeds the previous first-half record by Dhs208.95m ($57.24m), reinforcing the airport retailer’s strong post-pandemic recovery. Read-UAE: Dubai Duty Free introduces new way to shop The robust performance was driven by a surge in travel during the Eid holidays and the early summer season, which significantly boosted passenger traffic and retail spending across the airport, a WAM report said. “We are very pleased with our record performance for the first half of 2025,”…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is a former banker and author of ‘Traders, Guns & Money’, ‘Extreme Money’ and ‘Banquet of Consequences’In the lead up to the global financial crisis, the systemic risks building in markets were overlooked by many. Those risks proved calamitous. Today, there are multiple financial vulnerabilities and faultlines. First, investors have increasingly borrowed low-cost funds, often in foreign currencies, to invest in higher yielding investments in ubiquitous carry trades, that are now vulnerable to moves in asset prices and currency values.Second,…
Stay informed with free updatesSimply sign up to the Japanese business & finance myFT Digest — delivered directly to your inbox.The $33bn privatisation of a major Toyota supplier has been called out as a “study in opacity” by an investment industry group, reviving criticism that the transaction “risks squandering” Japan’s efforts to improve corporate governance.The Hong Kong-based Asian Corporate Governance Association, which represents investors that together manage more than $40tn of assets, released a searing attack on Thursday of Japan’s biggest management buyout, saying it would “serve as a referendum on the credibility of Japan’s corporate governance revolution”.Toyota Industries last month accepted…
One scoop to start: Private equity groups Advent International and Platinum Equity are vying to buy $2bn worth of assets, including the Kevlar bulletproof brand, from DuPont, as the chemicals giant undergoes a wider break-up.And another thing: An Apollo-backed insurance group is nearing a £6bn takeover of the UK-based Pension Insurance Corporation, a deal that would further push the US alternative assets giant into the UK insurance market.Welcome to Due Diligence, your briefing on dealmaking, private equity and corporate finance. This article is an on-site version of the newsletter. Premium subscribers can sign up here to get the newsletter delivered…
Gideon talks to Ray Dalio, founder of Bridgewater Associates, the world’s largest hedge fund and author of a new book: How Countries Go Broke. They discuss the size of the US debt and what history tells us about identifying warning signs. Clip: CBSFree links to read more on this topic: Is Donald Trump’s ‘big, beautiful bill’ a political curse for Republicans?Fears over US debt load and inflation ignite exodus from long-term bondsDonald Trump’s big, beautiful act of self-harmThe fall in the dollar is not scarySubscribe to The Rachman Review wherever you get your podcasts – please listen, rate and subscribe.Presented…
Stay informed with free updatesSimply sign up to the Japanese business & finance myFT Digest — delivered directly to your inbox.Japan is currently emitting an epochal noise: the pained rip of a tenacious plaster finally parting company with a nearly-healed wound. Global markets, along with Japan’s own financial industry, have perhaps not yet fully grasped the implications of Japan’s Great Financial Unsticking, but they may soon have no choice. Japanese interest rates turned positive last year after a protracted stint of virtual non-existence; inflation expectations now look entrenched, so money, as well as looking more portable than before, has to work…