Maseera Holding for Financial Investments (Maseera), a subsidiary of 2PointZero, has successfully acquired the Egyptian consumer finance platform ADVA. This acquisition aligns with 2PointZero’s earlier commitment of $1 billion in long-term capital aimed at scaling Maseera’s financial services platform globally, particularly focusing on enhancing access to credit in underserved markets. Founded in 2020, ADVA has...
The AIM Congress 2025, now in its 14th edition, is set to showcase groundbreaking advancements in the mobility sector as part of the Future Cities portfolio. Scheduled from April 7 to 9, 2025, at the Abu Dhabi National Exhibition Centre, the event will gather industry leaders, investors, and policymakers to discuss the future of advanced...
ENOC Group has partnered with Dubai’s Roads and Transport Authority (RTA) to investigate the potential of using green hydrogen in transportation. They have signed a trial agreement aimed at assessing the feasibility of integrating green hydrogen into mobility solutions in Dubai. The collaboration marks a significant step towards sustainable transportation, aligning with Dubai’s commitment to...
The United Arab Emirates (UAE) has made significant strides in the field of autonomous mobility and vehicle innovation. Recent developments have positioned the UAE at the forefront of this sector, showcasing a commitment to integrating cutting-edge technologies into transportation systems. In its efforts to enhance mobility, the UAE has implemented various initiatives aimed at promoting...
When it comes to air travel, the United Arab Emirates is making big steps forward by planning out an air corridor just for cargo drones, piloted and self-driving air taxis. This project is a part of a larger attempt to create a regulatory framework for advanced air mobility (AAM) in the country. This project is...
Industry analyst Richard Aboulafia has raised concerns regarding the timeline for the introduction of electric vertical-takeoff-and-landing vehicles (eVTOLs) in the United Arab Emirates (UAE). According to Aviation Week, in a commentary published in September 2024, he questioned, “When will an eVTOL, or anything AAM [advanced air mobility], actually enter service? Great question! The answer always...