News

Dubai Residents Will Soon Travel Door To Door By Flying Car

Aviation firm Aviterra has signed a deal with Dutch company PAL-V to purchase over 100 Liberty flying cars.

Published

2 years ago

March 29, 2024

Nour Nasir

dubai residents will soon travel door to door by flying car

PAL-V

A Dubai-headquartered aviation company has signed an agreement with Dutch firm PAL-V to bring their groundbreaking flying cars to the Middle East.

Aviterra, a manufacturer of aviation and aerospace components, will purchase over 100 Liberty flying cars and directly invest in the European aviation company, they revealed in a recent joint statement.

At $799,000, the two-seat Liberty is a costly vehicle predominantly aimed at high-end, corporate, and government clients and individuals with very deep pockets. Described by PAL-V as a “personal aircraft for daily medium and long-distance commutes,” the Liberty combines a gyroplane and three-wheeled car with collapsable propellers and tail fins stored on the roof.

In car mode, the vehicle can reach 100 kph in under nine seconds and has a top speed of 160 kph. Changing into aircraft modes takes around five minutes, with the helicopter-like blades rising from the roof and the tail fins extending up and out from the rear. Finally, the car’s rear jacks up, and two hatches open to deploy the rear-facing propeller.

pal-v liberty flying car

As an aircraft, the Liberty has a range of between 400 and 500 km and a maximum speed of 180 kph. It can reach an altitude of 11,000 feet and requires a runway (or straight road) of at least 200 meters for both takeoff and landing.

The current batch of Liberty flying cars run on regular gasoline but will eventually be configured as EVs “once batteries get lighter”, according to Robert Dingemanse, CEO and founder of PAL-V.

Also Read: Abu Dhabi To Develop $1 Billion eSports Island Facility

Meanwhile, as both Abu Dhabi and Dubai continue to make strong commitments to air mobility, other companies are also keen to deploy flying cars in the Middle East. Slovakian firm KleinVision, for example, is developing a flying vehicle called the Aircar, powered by a BMW engine.

Dubai’s Roads and Transport Authority recently signed agreements to use air taxis in the city in the next two years, while Abu Dhabi’s Investment Office has announced plans to introduce an all-electric air taxi fleet by 2026.

News

Dirham-Backed Stablecoin DDSC Enters Live Phase In UAE

Central Bank approval moves the dirham-backed token into deployment, targeting regulated payments and settlement flows.

Published

4 days ago

February 13, 2026

Nour Nasir

dirham-backed stablecoin ddsc enters live phase in uae

The UAE has cleared the launch of DDSC, a dirham-backed stablecoin now entering live operation after approval from the Central Bank. The move pushes the project beyond its pilot phase and into the country’s regulated financial system.

The token is backed by a consortium led by IHC, Sirius International Holding and First Abu Dhabi Bank (FAB), framing it as an institutional instrument rather than a consumer crypto product. DDSC was first announced in April 2025, but regulatory clearance now allows deployment and integration across approved channels.

DDSC runs on ADI Chain, a Layer 2 blockchain built by the Abu Dhabi-based ADI Foundation. The infrastructure is designed for governance and performance requirements expected by large institutions, linking blockchain settlement with existing compliance and oversight frameworks.

The focus is practical, targeting treasury settlements, high-value payments, trade and supply-chain transactions, and programmable financial flows for regulated entities. FAB plans to offer access to the token through approved platforms for its clients, keeping the rollout inside controlled banking environments.

“DDSC marks a defining milestone in the UAE’s digital finance journey,” said Syed Basar Shueb, CEO of IHC. “With the Central Bank’s approval and our transition into live operation, we are delivering trusted, institutional-grade infrastructure that strengthens resilience, accelerates innovation, and expands what is possible in regulated digital payments”.

Also Read: Basatne Debuts ORBT Platform For Digital Refunds In UAE

FAB says the project reflects how stablecoins can sit within traditional finance when risk controls are built in from the outset. “This milestone underscores that stablecoins can be integrated responsibly into the financial system when built to meet rigorous regulatory and risk requirements,” said Futoon Hamdan AlMazrouei, Group Head of Personal, Business, Wealth and Privileged Client Banking Group at FAB.

The launch reinforces the UAE’s strategy of pushing digital finance through regulation instead of open-ended crypto experimentation. Stablecoins in this model are positioned less as trading assets and more as programmable extensions of national currency, aimed at institutional scale and government use cases.