Business news from Ukraine

Dubai authorities plan to launch flying cab service by 2026

Dubai authorities are again talking about launching a flying cab service. It is expected that such transport will work by 2026.
Talks about flying cabs have been going on in the UAE commercial capital famous for its architectural wonders since 2017, a number of companies intend to participate in the implementation of the project.
The head of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, recently announced the relaunch of a program to develop flying cabs. This time, in a commercial, Dubai introduced an electric flying cab created by Joby Aviation of Santa Cruz, California.
Previously, the EHang 184 and XPeng X2 made in China, as well as an electric Volocopter from Germany, were also shown in Dubai.
According to Ahmed Bahrozian of the emirate’s Roads and Transportation Authority, implementation of the plan “is still just beginning.” “We have not yet signed a contract with any partner,” he specified.
According to the published program, the city plans to create four “vertiports”: near Dubai International Airport, the world’s busiest, near downtown Dubai, the Palm Jumeirah Archipelago and Dubai Marina. These points will include two launch pads and four charging points for flying cabs.
“We believe that these are attractive areas with business and tourist price-tracks that can be in demand,” Bahrozian noted.
According to him, the prices for flying cabs “will be the same as limousines in Dubai, maybe a little higher. Right now, limousines cost about 30 percent more than a regular cab, with a minimum cost of about $3.25 or $0.50 per kilometer.
According to the plan, manned flying cabs would be used first, rather than autonomous cabs as previously discussed. However, Bahrozian clarified that testing will continue with autonomous flying cabs as well.
Joby’s manned prototype with four passenger seats can fly more than 240 kilometers without recharging, making Abu Dhabi and other parts of the country within reach. It takes off and lands vertically, and its rotors tilt forward in flight. The machine has a top speed of 320 km/h.
The advent of flying cabs is expected to ease the traffic situation in the nearly 3.5 million-strong city, which has more than 1.8 million registered cars sharing the highway with cars from the other six UAE emirates.

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UKRAINIAN IT COMPANY SOFTSERVE OPENS OFFICE IN DUBAI

SoftServe, one of the largest Ukrainian IT companies, opens a new office in Dubai to support clients in the Middle East region, the number of which is growing rapidly.
According to the press service of the company, the new office of the company is located in the business center Dubai Internet City.
SoftServe said that the company has been operating in the Middle East since 2018, supplying solutions for large business conglomerations in the areas of trade, finance and the energy sector. The Middle East today is a hub that is rapidly developing and attracting investment, and due to the increase in population, opportunities are opening up for activities outside the oil sector. Therefore, this region occupies a key position in SoftServe’s growth strategy.
“Today, we are seeing an increase in demand for software and digital transformation in this region and are pleased to be able to provide our expertise. Our new office will better serve and support our customers by developing innovations in the areas of artificial intelligence, machine learning, cloud solutions, and digital banking solutions. We expect to build long-term and sustainable relationships in the Middle East, providing the most relevant technological solutions and services. Our presence in the location is another evolutionary step in the development of key markets in the region,” the press service said, quoting Executive Vice President EMEA at SoftServe Volodymyr Semenyshyn.
According to the company, the new office of SoftServe in Dubai will offer clients a full range of services – from consulting to project management, implementation of solutions and their ongoing support. In addition to the business development direction, developers will also work in the office.
The company said that the Dubai office will become a place for frequent visits by employees, customers and partners. In general, in 2019-2020, 150 employees of the company traveled to the UAE for business purposes.
“SoftServe is partnering with Google Cloud, Amazon Web Services, Microsoft Azure to showcase expertise across the region that is recognized by global corporations – from cutting edge technology solutions, big data management, cloud architecture to AWS best practices for business and solutions based on Microsoft technologies,” SoftServe said.
SoftServe specializes in software production, development services, quality control and support of information systems and business solutions. To date, about 10,000 employees of the company work in 38 offices. The main offices of the company are located in Lviv and Austin (Texas, the United States). The company’s development centers are located in Lviv, Kyiv, Dnipro, Kharkiv, Rivne, Ivano-Frankivsk, Chernyvtsi, Sofia (Bulgaria) and Wroclaw, Bialystok, Gliwice and Warsaw (Poland).

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UKRAINIAN PRESIDENT: COUNTRY WILL BE REPRESENTED AT HIGHEST LEVEL AT WORLD EXHIBITION EXPO IN DUBAI

Ukraine will participate in the world exhibition Expo-2020 in Dubai and will be represented at a high level, Ukrainian President Volodymyr Zelensky said in an interview with the Emirates News Agency WAM.
“We simply cannot miss such an important world event as Expo 2020. I would like to thank the UAE leadership for the fact that, despite all the difficulties associated with COVID-19, the construction of the Ukrainian pavilion was completed in December last year, and internal work is underway there. At the World Expo in Dubai, our country will be represented at the highest level,” Zelensky said in an interview with the Emirates News Agency WAM, published on the website of the President’s Office of Ukraine on Saturday.
Zelensky noted that the architectural image of the pavilion of Ukraine embodies the idea of an ear of wheat, which will be 15 meters high.
“Wheat is an important symbol for Ukrainians, and the yellow color on our flag symbolizes the wheat field and readiness to contribute to world food security,” the president of Ukraine stressed.

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INTERNATIONAL MEDICAL TRAVEL SHOW TO TAKE PLACE IN DUBAI

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MANUFACTURER OF EGGS AND EGG PRODUCTS IN UKRAINE OPENS SUBSIDIARY IN DUBAI

Ovostar Union agro-industrial group, one of the leading manufacturers of eggs and egg products in Ukraine, in 2018 opened a subsidiary in Dubai and bought two companies in Ukraine, the group reported in its annual financial report. “The group exports a large number of eggs and egg products to the United Arab Emirates. Assessing the potential and prospects for further expansion into the UAE market, in 2018 the group decided to open a company in Dubai. The charter capital was $28,000. The group owns 100% of OAE Food Trade FZE,” the report says.
According to the report, the volume of exports to the countries of the Middle East amounted to 26% of total sales.
In addition, in June 2018 Ovostar bought BVV Equipment LLC and BV Trading LLC (both based in Rokytne, Kyiv region). The purchase price was $2.1 million and $1.2 million, respectively. The goodwill of the enterprise is $51,000 and entirely belongs to the egg segment of the group.
According to the state register of legal entities and individual entrepreneurs, both enterprises are registered in 2016. The core business is production of food that are not assigned to other groups. The final beneficiaries are Borys Belikov and Vitaliy Veresenko.

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DUBAI-BASED FLYDUBAI TO OPERATE DOUBLE DAILY FLIGHTS FROM KYIV TO DUBAI

Dubai-based flydubai on September 6 announced that it would move its existing operations from Kyiv Sikorsky International Airport to Boryspil International Airport with effect from October 28, 2018. “Ukraine remains an important market for the airline. From October 2, double daily flights will be available between Kyiv and Dubai,” the company said in a statement on its website.
flydubai launched its operations to Ukraine in 2013 and offers 17 weekly flights from Kyiv and Odesa to Dubai.
“Through flydubai’s expanded codeshare partnership with Emirates, Ukrainian passengers also are offered unmatched travel options via Dubai’s aviation hub,” the company said.
According to the announcement, the company will use a new Boeing 737 MAX 8 on the Kyiv route.
Emirates will codeshare on this route as part of the Emirates flydubai partnership announced in July 2017.
“Another good news for Boryspil and its passengers. Terminal F will still be filled from next year,” Ukrainian Infrastructure Minister Volodymyr Omelyan commented on the announcement.
flydubai carries out more than 1,700 flights per week to more than 90 destinations in 48 countries.

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