Arabian Post Staff Archer Aviation Inc., a leader in electric vertical takeoff and landing (eVTOL) aircraft, announced that it has entered into an agreement with Abu Dhabi Investment Office (ADIO) to commence air taxi operations in Abu Dhabi and Dubai in 2026. As part of this strategic initiative, ADIO plans to support Archer with incentives for establishing its first international headquarters and manufacturing facilities in the Smart […]
Phoenix Group, providing blockchain and crypto solutions, announced its impending Initial Public Offering (IPO) on the Abu Dhabi Securities Exchange (ADX). Phoenix Group is co-founded by pioneering blockchain and cryptocurrency specialists, Bijan Alizadeh and Munaf Ali and overseen by a board including Tareq Alhosani Abdulraheem and Elham Alqasim. This upcoming listing would represent an important IPO for the UAE, with Phoenix Group being the first privately owned […]
The ITU Arab Regional Cyber Security Center (ITU-ARCC), in partnership with Huawei, launched a new program to help strengthen the cybersecurity industry in the Arab region. Titled the ‘Cybersecurity Industry Development Strategy Maturity Module (CIDSMM),’ the program provides a comprehensive guide for regulatory authorities, industry stakeholders, and academic researchers to assess and improve their cybersecurity capabilities. The first of its kind in the region and the world, […]
Arabian Post Staff The non-oil trade between the UAE and the United States reached US$21.63 billion in the first half of 2023, reflecting growth of 37% on the same period last year. UAE non-oil exports to the US reached US$2.3 billion, while imports from the US totaled US$12.8 billion, up 28%. Re-exports climbed 62% over H1 2022 to reach US$6.5 billion in the first half of 2023. […]
The UAE Ministry of Economy announced that US-based Fluent Finance, the developer of a cryptocurrency-based payment platform that facilitates cross-border trade, has joined its NextGen FDI program. The web3 company, which was founded in Delaware in 2020, plans to launch operations in Abu Dhabi and plans to grow its workforce to between 100-125 people within five years. Fluent will use its new UAE headquarters to deploy and […]