Search Site

Trends banner

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

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.”