News

Crypto Trading Launches On The Sarwa App

Sarwa comes with a number of useful features to help its users trade more comfortably, including daily and weekly investing news, watchlists, as well as limit and stop orders.

Published

2 years ago

May 31, 2022

David Morelo

Sarwa

With the global economic outlook not showing any signs of recovery, there are increasingly many people who are looking to diversify their investment portfolios to protect their money from the painful bite of inflation.

Despite the risks associated with them, cryptocurrencies can provide a better return on investment than the stock market, but getting started with them can be a challenge.

Now, Sarwa, a personal finance and investment platform, is making crypto trading more accessible with the launch of Sarwa Crypto, a commission-free trading platform with support for Bitcoin, Ether, Litecoin, and Bitcoin Cash.

By launching Sarwa Crypto, Sarwa Digital Wealth (Capital) Limited, the company behind the platform, gives its users even more options to invest their money.

“Having access to investing in a simple, regulated, and low-cost environment should be a priority and available for all in the region,” said Mark Chahwan, co-founder and CEO of Sarwa. “There is a significant amount of interest around cryptocurrency in the GCC, even with the recent market development. Yet you didn’t have a platform that offered a centralized view of stocks, ETFs, and crypto in one safe, innovative and easy-to-use app. You do now.”

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In addition to making it easy to buy and sell cryptocurrencies, Sarwa comes with a number of useful features to help its users trade more comfortably, including daily and weekly investing news, watchlists, as well as limit and stop orders.

The platform has been designed from the ground up with security in mind, and it protects user data with 256-bit encryption. What’s also reassuring is that Sarwa is regulated by both the Dubai Financial Services Authority (DFSA) and the Financial Regulatory Services Authority (FSRA).

For its services, Sarwa charges its users a flat fee of 0.85%, 0.7%, or 0.5% per year, depending on how much they trade, and there are no hidden surprise fees or lock-in periods to worry about.

News

Joby To Establish All-Electric Air Taxi Ecosystem Across The UAE

The comprehensive agreement with Abu Dhabi’s government includes a training program, infrastructure development, and a manufacturing presence.

Published

4 days ago

May 1, 2024

Nour Nasir

joby to establish all-electric air taxi ecosystem across the uae

Joby Aviation

All-electric aircraft company Joby Aviation has secured three separate agreements with departments of Abu Dhabi’s government that lay the groundwork to develop and scale air taxi services in the Emirate and beyond.

The deal was signed at the recent DRIFTx thought-leadership and exhibition platform and gave Joby exclusive rights to not only operate air taxi services in Dubai but also unlock inter-emirate services between Abu Dhabi.

joby air taxi partnership abu dhabi

Joe Ben Bevirt, founder and CEO of Joby Aviation, said: “Today’s agreement demonstrates the incredible momentum behind the adoption of clean flight across the UAE. We’re looking forward to delivering a fantastic experience for our future customers in Abu Dhabi and we’re excited to be unlocking the potential for zero-emissions flight between Abu Dhabi and Dubai. We’re grateful for the support and collaboration of our governmental partners and the entire ecosystem in Abu Dhabi and we remain deeply impressed by their commitment to building out a world-class aviation ecosystem in the Emirate”.

Joby’s all-electric aircraft went on display for the first time in Abu Dhabi’s Yas Marina at the DRIFTx event. The air taxi is designed to carry a pilot and four passengers and can reach speeds of 200 miles per hour (321 km/h). The zero-emission craft is said to have an extremely low acoustic footprint and can travel a maximum of 100 miles (161 km) on a single charge.

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Once operational, Joby’s air taxi fleet would enable fast, clean travel across the UAE, with journeys between Abu Dhabi to Dubai taking just 30 minutes compared with two hours by car during peak times.

Joby continues to work closely with the UAE’s General Civil Aviation Authority (GCAA) to help the Emirates become a world leader in the introduction of air taxis. Additional testing and analysis will be required before inter-emirate travel becomes a reality, but the cutting-edge technology already appears to have great potential.