One-off Luce Chassis 0 becomes the most expensive new car sold at auction Ferrari’s first fully electric model has generated major attention after the one-off Luce “Chassis 0” sold for $40 million at a charity auction during Monterey Car Week. The sale broke the previous record for a new car sold at auction, which was […]
Ferrari’s First Electric Car Sells for Record $40 Million Read More »
11-tonne battery-electric aircraft completes 27-minute test flight The world’s largest battery-electric aircraft has completed a 27-minute test flight, marking a significant milestone for electric aviation. Heart Aerospace’s X1 demonstrator weighs more than 11 tonnes and flew at an altitude of about 335 metres. The aircraft used only battery-electric propulsion during the test flight and consumed
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Emirates, Etihad and Air Arabia modify selected regional services UAE airlines are continuing to adjust parts of their regional networks as airspace restrictions and security concerns affect operations. As of 17 August, most UAE flights continue operating, but passengers are being warned about possible delays, cancellations and last-minute changes. Emirates has partially resumed Bahrain services
UAE Airlines Adjust Flights as Regional Airspace Disruptions Continue Read More »
New safeguards aim to improve corporate governance and investor confidence Dubai’s Financial Audit Authority has highlighted employment protection available to employees who report financial or administrative violations through its Nazaha reporting platform. Eligible whistleblowers can receive confidentiality and protection against workplace discrimination or certain disciplinary action. The Authority can also intervene where an employee faces
Dubai Strengthens Whistleblower Protection for Financial Violations Read More »
New Saudization requirement targets specialised private-sector positions Saudi Arabia will introduce a 70% Saudization requirement for project-management professions from 14 February 2027. The requirement will cover roles including project-management directors, engineers and specialists. The Ministry of Human Resources and Social Development said the policy is intended to increase participation by Saudi nationals in specialised private-sector
Saudi Arabia to Require 70% Localization in Project Management Roles Read More »