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SeaBubbles, Al Masaood Power to manufacture flying boats in UAE

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It may look like a futuristic prop from a sci-fi movie, but visitors to Dubai International Boat Show 2022 need not adjust their sets – the UAE’s first flying boat is a reality and could soon be manufactured locally, courtesy a new memorandum of understanding (MoU) signed at the region’s largest and most-popular leisure marine event.

Inspired by the Emirates’ pearl-diving heritage, the sustainability-focused X-Pearl – a brainchild of innovative French firm SeaBubbles – is powered by a hybrid hydrogen-electric propulsion system and retractable foils, and available for purchase. While scaled models of both its flagship H2 and the X-Pearl were unveiled on Wednesday at Dubai Harbour, the company hopes to have the limited-edition UAE model zipping along Dubai Creek, Dubai Canal, or Abu Dhabi Corniche before next year’s COP28.

That vision moved one step closer at the 28th edition of the Dubai International Boat Show as SeaBubbles capitalised on the nautical showpiece to ink an MoU with local solutions provider Al Masaood Power Division. The agreement will see both parties collaborating to pilot and assess the performance of hydrogen-powered flying boats, manufacture and maintain operations in the Emirates, and retrofit existing boats with SeaBubbles’ sustainable powertrain system.

“The Dubai International Boat Show is iconic, so it felt like the perfect opportunity to reveal the X-Pearl to an international audience and showcase that we are moving towards this ecological transition together with Al Masaood,” said Virginie Seurat, Vice President of SeaBubbles. “The MoU agreement marks another step forward in terms of driving hydrogen mobility in the UAE. With COP28 coming to the Emirates next year, we are very excited to strengthen our local ties.”

SeaBubbles’ crafts can carry up to 12 passengers and a pilot, making them ideal for a range of water mobility solutions: electric passenger vessel, zero-emission water taxi, VIP shuttle, or even for inter-city transfers. By producing minimal wake and water disturbance, it also provides a solution for eco-tourism sightseeing tours in protected areas such as the Eastern Mangroves wetland reserves.

“This is the return of the Dubai International Boat Show after two years, so while the show starts a new cycle, we also start something new and exciting with this partnership with SeaBubbles,” said Rasso Bartenschlager, General Manager of Al Masaood Power Division. “The X-Pearl, by emitting only water, demonstrates our commitment to sustainable solutions and we are honoured to sign this ground-breaking partnership that will help drive green mobility for future generations.”

SeaBubbles’ innovative tech promises a more ecological future courtesy of its hydrogen fuel cells, which generate the electricity supply for the internal systems and propulsion pods, while a battery pack supports it during flight. This hybrid concept ensures 100 per cent reliance on renewable energy sources, while its foils reduce wetted surface area and thus power usage, leading to a craft 35 per cent more power-efficient than a regular boat. Both the H2 and the X-Pearl can reach speeds of up to 50kph.

Dubai International Boat Show 2022 runs until March 13 at Dubai Harbour, the event’s Venue Host and VIP Registration Partner.

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Dubai: Microsoft and du to develop Dh2 billion data centre in city

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Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, has announced a groundbreaking Dh2 billion partnership between Emirates Integrated Telecommunications Company (du) and Microsoft to develop a new hyperscale data centre in the city.

The announcement came during Dubai AI Week 2025. The initiative is part of the Dubai Future Foundation’s broader vision for positioning the emirate as a global leader in digital innovation.

The new data centre, to be built in multiple phases, will cater to the surging demand for AI capabilities and sovereign cloud solutions. Microsoft will be the anchor tenant, using the facility to support its expanding cloud services and next-gen digital infrastructure across the region.

“This project is a key investment in Dubai’s digital future,” said Sheikh Hamdan. 

The move is part of the Dubai Universal Blueprint for Artificial Intelligence, launched in 2024. The new facility also supports Dubai’s goal of diversifying beyond traditional telecoms into future-focused industries, contributing to the city’s emergence as a hub for innovation, sustainability, and AI-driven economic growth.

Dubai AI Week 2025 continues until April 25, with over 180 speakers, 150 sessions, and participation from innovators and experts representing more than 100 nationalities.

(Source: Wam)

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Dubai’s taxi fleet goes green: 200 cars to join DTC

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Dubai Taxi Corporation (DTC) has partnered with Al-Futtaim Electric Mobility to add 200 BYD SEAL electric cars to its fleet. This is a big step towards a more sustainable Dubai and supports the UAE’s efforts to reduce carbon emissions.

The BYD SEAL is a modern electric sedan that can travel 600 km on a single charge, making it perfect for Dubai’s busy streets. It offers a smooth, quiet ride while helping the city go green. This move is part of DTC’s plan to switch to a completely electric fleet by 2040.

A Step Towards a Greener Future

The DTC’s push for electric taxis is also helping Dubai reach its goal of cutting down on pollution and building a cleaner city. Over 86% of DTC’s current fleet is already eco-friendly, surpassing the Roads and Transport Authority’s (RTA) goal to make all taxis green by 2027.

Comfort and Innovation Combined

The BYD SEAL cars are designed with the latest electric technology, ensuring they are reliable and eco-friendly. This partnership is not just about changing the DTC fleet; it’s a model for other cities to follow as they look to adopt green transport solutions.

A Greener Tomorrow for Dubai

This new electric taxi initiative is part of Dubai’s broader plan to become a global leader in sustainable development. The city aims for a zero-emission future by 2040, and with more eco-friendly vehicles joining the public transport system, it’s well on its way.

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Relief for shoppers: Dubai gold prices fall below Dh400 after record high

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Gold prices in Dubai took a sharp dip on Wednesday morning, falling below the symbolic Dh400 mark per gram, offering some much-needed relief to buyers following a record-setting rally earlier this week.

The price for 24-carat gold opened at Dh399.50 per gram, a significant drop from Dh420 on Tuesday. The decline comes after weeks of price surges that had seen rates climb almost hourly.

Other gold variants also saw notable decreases:

  • 22K gold is now priced at Dh370.00, down from Dh388.75
  • 21K gold sits at Dh354.75, previously Dh372.75
  • 18K gold dropped to Dh 304.00 from Dh319.50

Mixed Reactions from Consumers

The recent rollercoaster in gold prices has sparked a variety of responses across the city. While some residents rushed to sell old jewellery for cash at higher prices, others opted to buy new pieces in anticipation of further increases.

Local jewellers say shoppers are gravitating towards lighter jewellery designs and smaller investment pieces like gold coins. Some are even trading in older items to secure better value at current rates, according to a local report.

Global Factors at Play

On the international stage, spot gold fell by 0.7% to $3,357.11 per ounce, while US gold futures dropped 1.5% to $3,366.80.

The dip is largely attributed to a rebound in the US dollar index. Market sentiment shifted after US President Donald Trump backed away from earlier plans to dismiss Federal Reserve Chair Jerome Powell, a move that reassured investors and strengthened the dollar.

Earlier price surges were driven by a weaker dollar, recession fears, and tense US-China trade relations. Now, with the dollar stabilising, gold prices are adjusting accordingly.

For real-time updates and historical data on gold prices in Dubai, visit GoldTrade.ae.

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