INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Barq EV launches smart mobility

UAE’s "Barq EV" launches as first smart mobility, logistics solutions provider.
  • The startup is scheduled to provide its customers with an integrated package of products and services that contribute to enhancing the last-mile delivery experience
  • The initiative comes in line with the UAE's efforts to support the growth of the logistics, transport, and e-commerce sectors in the UAE

The UAE company, Barq EV, specialised in the field of smart mobility and logistics solutions, *-announced on Friday the official launch of its business in the UAE. The startup is scheduled to provide its customers with an integrated package of products and services that contribute to enhancing the last-mile delivery experience.

The initiative comes in line with the UAE’s efforts to support the growth of the logistics, transport, and e-commerce sectors in the UAE.

During the ceremony that was organized at the Emirates Palace Hotel in the capital, Abu Dhabi, the company indicated that it aims to address the delivery challenges of several industries such as e-commerce, logistics, and transportation of medical supplies through its environmentally friendly electric vehicles.

Ahmed Suhail Faris Al Mazroui, the company’s co-founder, said that the UAE has a proven track record, unmatched in the Middle East, in incubating innovative ideas and projects. 

“We aim to be at the forefront of the environmentally-friendly mobility sectors in the region, where mobility is a major part of the company’s strategy, and an essential factor to enhance the green footprint within urban developments.”