UAE’s Brooge Petroleum to list on Nasdaq after merger

DUBAI: The United Arab Emirates’ Brooge Petroleum and Gas Investment Co (BPGIC) said it would list on the Nasdaq stock exchange after merging with US-based firm Twelve Seas Investment Co. The $1 billion (Dh3.67 billion) deal is expected to be finalised before July 1, Brooge said in a statement. The move is part of the […]

Jet-powered flying taxi start-up seeks safety approval

Frankfurt: German drone start-up Lilium is seeking regulatory approval for the world’s first all-electric vertical take-off and landing passenger jet. Lilium has begun the process of securing certification for the planned five-seat air taxi from the European Aviation Safety Agency and will also commence an application with the US Federal Aviation Administration, Christopher Delbrueck, the […]