The advanced air mobility devices are powered by electric motors, aligning with UAE's sustainability goals and reducing carbon footprint
business2 days ago
Airbus and Thales are considering merging their space activities, French business paper La Tribune reported on Monday, citing unnamed sources.
"The two groups have launched low-key discussions that are exploratory in nature, according to several sources," the paper said.
The companies did not immediately reply to a Reuters request for comment outside regular business hours.
Airbus Defence & Space, a unit of the European aviation conglomerate headquartered in Germany, employs well over 100,000 people and is one of the world's largest suppliers of the space industry.
Thales' Alenia Space unit, in which Italian arms maker Leonardo holds a minority stake, produces high-tech solutions for telecommunications, navigation and surveillance, mainly in the field of satellites.
The advanced air mobility devices are powered by electric motors, aligning with UAE's sustainability goals and reducing carbon footprint
business2 days ago
Considerations are at an early stage and Blackstone may still decide against pursuing a deal, a report said
business4 days ago
The total number of Chinese visitors to the UAE stood at around 1.2 million in 2023
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Companies had select sellers which hurt smaller players, reports find
business4 days ago
The CBUAE explained that banks' capital and reserves do not include subordinated borrowings/deposits, but do include the current year's profits
business4 days ago
Common queries highlight a broader need for clarity and understanding
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Northern emirate has announced several investor-friendly measures
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Asset managers, banks and family offices have increased their presence in the UAE in recent years, driven by a post-pandemic economic rebound
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