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By Hadeel Al Sayegh DUBAI (Reuters) – Dubai’s Roads and Transport Authority (RTA) has invited investment banks to pitch for roles in the planned initial public offerings of its taxi and parking businesses, two sources with knowledge of the matter told Reuters. The RTA is targeting the first of the two potential public share sales, in the Dubai Taxi Corporation, to take place around December or January, said the sources, […]

CAPE TOWN (Reuters) – South Africa prop Ox Nche has returned to the team’s camp but faces another four weeks on the sidelines making his participation in the Rugby World Cup touch-and-go as two other key injured players remain on track in their rehabilitation. Nche injured his pectoral muscle ahead of the thumping 43-12 Rugby Championship win over Australia in Pretoria two weeks ago, and Springbok coach Jacques Nienaber conceded […]

By Alexander Marrow (Reuters) -Britain removed sanctions on serial entrepreneur Oleg Tinkov on Thursday, days after an appeal by British billionaire Richard Branson and nine months after Tinkov, critical of Moscow’s invasion of Ukraine, renounced his Russian citizenship. Britain sanctioned Tinkov, the founder of digital bank Tinkoff, a month after Russia invaded Ukraine in February 2022, naming him as “a prominent Russian businessman” who had been involved in an area […]

WASHINGTON (Reuters) – The U.S. House of Representatives on Thursday voted overwhelmingly to raise the mandatory commercial pilot retirement age to 67 from 65 and make other aviation reforms, Republican House leaders said Friday. The House bill approved 351 to 69 reauthorizes Federal Aviation Administration (FAA) aviation safety and infrastructure programs for the next five years. House lawmakers did not agree to add additional round-trip flights at Washington Reagan National […]

LONDON (Reuters) – SPEAR Investments I, a special purpose acquisition company (SPAC), is in advanced discussions to acquire QEV Technologies, a Spanish electric vehicle firm, at a valuation of 209 million euros ($234 million), the companies said on Thursday. The deal will see QEV Technologies, which recently won a tender to operate a former Nissan manufacturing facility in Barcelona, merge into SPEAR Investments I and trade on the Amsterdam bourse. […]