News

Halo Space Capsule Set To Fly 32 Km Above Saudi Arabia

A June test flight will launch a second life-size prototype as the company reveals plans to begin commercial “Space Tourism” operations by 2026.

Published

1 year ago

March 25, 2024

Nour Nasir

Halo Space

Spanish headquartered Halo Space, a “Stratospheric Commercial Flights Company” has announced plans to launch a sixth test flight from Saudi Arabian airspace in June this year. The news comes after the company received the go ahead from Saudi Arabia’s Communications, Space and Technology Commission (CST).

This test flight will launch Halo’s prototype capsule 32 kilometers above the Earth’s surface. The craft is followed by a helium balloon that slowly ascends and lands back on Earth during the 4-6 hour journey.

Halo plans to begin commercial tourist flights by 2026 at prices of $164,000 per ticket. The company has ambitious plans to help 10,000 people into space this decade, allowing them to view what is known as the Overview Effect — a blue halo that forms around the curvature of the Earth.

Space tourists will eventually be treated to unrivaled 360º vistas for around 1-2 hours at maximum altitude, with the capsule’s windows being significantly larger than those of a commercial airliner.

“I’ve spoken with several astronauts about the feeling of profound transformation when you view the Overview Effect. Everyone should get the chance to see our home from such a view,” says HALO Space CEO Carlos Mira.

Also Read: Pioneering 3D-Printed Mosque Unveiled In Jeddah

Halo is also working with space authorities from the US, Australia, Saudi Arabia, and Spain to establish further launch sites. The exact locations have been chosen based on meteorology, territory, and airspace safety.

“It is magnificent to see our vision of making space flight more accessible come to life,” added Carlos Mira. “To prove our concept and showcase all systems working together will signal to the world that near space tourism with Halo Space is ready for lift-off”.

Related Topics:Halo Space Saudi Arabia Space

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News

Stake Powers Instant Payouts With Checkout.com Pay To Card

The new feature lets investors in the UAE, KSA, and UK receive real estate returns in minutes — cutting withdrawal times to under 10 minutes.

Published

2 days ago

June 19, 2025

Nour Nasir

stake powers instant payouts with checkout.com pay to card

Stake, a leading digital real estate investment platform, has unveiled Pay to Card, a next-generation withdrawal feature built on Checkout.com’s global payment infrastructure. The integration enables investors to have dividends and returns credited directly to their bank cards — often within minutes — dramatically reducing the traditional multi-day payout process.

After a successful pilot in May involving over 200 users, some investors reported receiving their funds in under 10 minutes. Ricardo Brizido, CPTO and Co-Founder of Stake, emphasized the importance of speed and reliability: “With Pay to Card, we’re eliminating unnecessary delays and putting returns in our investors’ hands almost instantly. This feature was built to directly solve one of the most common pain points in real estate investing, and it’s already driving strong results”.

The feature launch coincides with rapid growth in real-time finance across the Middle East. Checkout.com’s “State of Digital Commerce in MENA 2025” report highlights a 388% year-on-year surge in Account Funding Transactions (AFTs) in the UAE, reflecting strong demand for immediate payout solutions. The same study recorded a 176% increase in total processing volume from 2023 to 2024 and noted that daily online transactions have jumped 320% since 2020.

Since its 2021 debut, Stake has facilitated over AED 1 billion in property transactions, advancing its mission to democratize real estate investment in high-growth markets. By integrating Pay to Card, Stake reinforces its commitment to customer-centric innovation and operational transparency.

Also Read: Binance Enters Syrian Market As Sanctions Lifted

Remo Giovanni Abbondandolo, General Manager for MENA at Checkout.com, praised the collaboration: “Stake has always led with customer-first financial experiences. Together, we’re meeting the expectations of a region that is no longer just digital-first, but real-time-first. Pay to Card exemplifies how modern payment infrastructure can directly solve investor pain points”.

Pay to Card is now available to all Stake users in the United Arab Emirates, the Kingdom of Saudi Arabia, and the United Kingdom. By slashing withdrawal times from days to minutes, Stake and Checkout.com are setting a new standard for seamless, on-demand real estate investing.