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eVTOL X2 Flying Car Debuted At GITEX GLOBAL 2022
Electric flying cars have been tried before, but the 90 minute eVTOL X2 test flight conducted by the Dubai International Chamber proves that the concept can work.
GITEX Global 2022 has been the scene of the first viable flight of an electric car. The eVTOL (electronic Vertical Takeoff and Landing) X2, created by Chinese EV company Xpeng, launched from Skydive Dubai on a successful 90-minute test flight, under the watchful eyes of the Dubai International Chamber.
The eVTOL X2 flying car is impressive not just for its aeronautical capabilities, but also because it produces zero carbon dioxide emissions. The vehicle is designed for cruising at 130 km per hour at low altitudes, with a typical flight time of 35 minutes, and skid-style landing gear that’s perfect for touching down on the rooftops of high buildings — perfect for escaping those annoying traffic queues!
The Emirates News Agency noted that the International Chamber had made great efforts to attract leading international companies to Dubai. The country is now a leader in future technology and innovation and a hub for multinational companies looking to launch high-tech products to global markets.
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The test flight event was further supported by the Dubai Civil Aviation Authority, Dubai’s Department of Economy and Tourism, and the Dubai World Trade Center Authority.
As for the car itself, the futuristic two-seater eVTOL X2 is noteworthy for its intelligent flight control system and ability to fly autonomously. The vehicle is the latest generation of tech developed by XPENG AEROHT. It features 8 propellers with an electric motor powering each one, as well as a carbon fiber shell which helps to keep weight to an impressive 360kg.
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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.
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”.
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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.
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