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Energy, Geostrategy, Global

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.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

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The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

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

By Hilal Mir
June 4, 2021 9:20 am

    • 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.

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