INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

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.”