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.

All cabs running in Dubai to be fully electric or hybrid by 2027

    • Special incentives to be given to cabbies to convert their cabs into either of the two variants

    • Dubai Roads Authority has succeeded in converting 50 percent of Dubai Taxi fleet to be fully electric or hybrid

    Setting itself the task of converting its entire fleet of cabs into fully electric or hybrid variant, Dubai Roads Authority (RTA) has succeeded in converting 50 percent of its Dubai Taxi fleet to be fully electric or hybrid, and aims to reach 100 percent by 2027, Asharq reported citing the Authority’s CEO of Strategy and Corporate Governance Sector Nasser BuShehab.

    Incentives adopted by the authority to support the spread of electric cars include exemption from parking and road fees (SALIC), as well as free annual licensing fees for hybrid and electric vehicles.

    Dubai is working in accordance with a plan that the UAE committed to under the Paris Climate Agreement to reduce carbon emissions, BuShehab told Asharq Channel.