Ferrari’s First Electric Car Sells for Record $40 Million
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
Electric Aviation Reaches Major Commercial Development Milestone
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.
UAE Airlines Adjust Flights as Regional Airspace Disruptions Continue
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
Dubai Strengthens Whistleblower Protection for Financial Violations
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
Saudi Arabia to Require 70% Localization in Project Management Roles
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
Dubai Stocks Fall as Air Arabia and ALEC Earnings Weigh on Market
Corporate earnings create pressure on Dubai equities Dubai’s stock market came under pressure on 14 August, with the main index falling 0.4% for a second
UAE Condemns Attack on Two ADNOC-Linked Vessels
Maritime security becomes a major issue for Gulf energy businesses The UAE has condemned an attack on two vessels affiliated with ADNOC while they were
Gulf Economy Shows Resilience Despite Continued Regional Trade Disruption
Diversification and alternative infrastructure provide economic support Gulf economies are proving more resilient than some early expectations despite continued disruption around the Strait of Hormuz.
Saudi Arabia Signs Major Power Infrastructure Agreement for Expo 2030 Riyadh
Electricity network planned for one of Saudi Arabia’s biggest international projects Saudi Arabia has signed an agreement covering electricity infrastructure for the Expo 2030 Riyadh