The development is a follow up on a 2016 agreement wherein HyperloopTT had signed up for a feasibility study with Abu Dhabi’s municipal affairs and transport department for the futuristic mass transit system. On Wednesday, Hyperloop Transportation Technologies (HyperloopTT) stated, it plans on building an ultra-fast hyperloop track in Abu Dhabi in the third quarter…
Although these negotiations are only exploratory in nature, according to sources, they are a pointer to Uber’s intention of expanding its market to the Middle-East. As per a Bloomberg report which cites 3 sources familiar with the matter at hand, Uber Technologies is in preliminary talks with its Middle Eastern ride-hailing services rival, Careem to…
Despite global trade tensions heightened consumer demand, in the form of e-commerce, is lifting the profit margins of air freight carriers. In a move that defies rising global trade tensions, e-commerce has become a driving force for air freight business thus significantly boosting the profit margins of many major airlines. According to the International Air…
Uber is working with aviation regulators around the globe to win up-front approvals and aims to demonstrate the service in 2020 with paid flights set to begin in 2023. In a strategic move, Uber Technologies Inc has re-opened a contest for the selection of the first international city for its proposed flying taxi project. The…
Personal Flying Vehicles are drones wherein the passenger taps-in the destination and straps himself in while the autonomous drone figures out the path to take to reach the destination using a 4G network. The one seat human sized quadcopter that whipped CES 2016 into a frenzy could soon be used to ferry passengers this summer. The head…
Amazon.com to storm into the Middle East through Souq.com One of the most amazing thing is, despite the fact that Amazon.com is one of the world’s biggest retailer, it doesn’t have much traction in the Middle East. So as to remedy this situation, Amazon is reportedly looking to buy Souq.com, its equivalent in the Middle…
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