Uber CEO: We Are Studying Partnerships in Air Transport, Self-Driving Vehicles Sectors

Uber CEO Dara Khosrowshahi. (Abdulaziz Al-Noman)
Uber CEO Dara Khosrowshahi. (Abdulaziz Al-Noman)
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Uber CEO: We Are Studying Partnerships in Air Transport, Self-Driving Vehicles Sectors

Uber CEO Dara Khosrowshahi. (Abdulaziz Al-Noman)
Uber CEO Dara Khosrowshahi. (Abdulaziz Al-Noman)

The Uber ride sharing company revealed that it was studying striking partnerships in advanced air transport, including electric vertical takeoff and landing (eVTOL) vehicles, while also nearing introducing self-driving vehicles in service soon.

Uber CEO Dara Khosrowshahi told Asharq Al-Awsat it was important to provide land and air transport solutions to benefit from this advanced technology, especially in trips that stretch over 100 miles.

Khosrowshahi was in Riyadh where he took part in meetings with government entities to disucss boosting Uber’s partnership with Saudi Arabia.

On self-driving vehicles, he said adding them to the company will not take place overnight, but he expected that they will play an important role in the transport system and Uber’s future operations.

Uber is working with several trusted partners to strike innovative strategic partnerships across the United States, he went on to say. This includes cooperating with Waymo, an American autonomous driving technology company that is a subsidiary of Alphabet, the parent company of Google.

In Saudi Arabia, Khosrowshahi said Uber was seeking to work with relevant parties in the Kingdom to allow more drivers to transition to using electric vehicles.

Here, one must address two main challenges: the cost of these vehicles and charging options, he explained.

Uber is contributing in achieving urban transport goals in Saudi Arabia by supporting public transport and boosting access to them, he added.

Uber is part of the diverse transportation ecosystem of which public transport is a backbone, he stated.

In the United Kingdom, for example, over 40 percent of Uber trips are launched from or arrive to public transport stations.

The company has also provided the option to make reservations on trains and buses through Uber, helping in increasing the use of public transport and granting users a smooth and comfortable journey, said Khosrowshahi.

Saudi Arabia is a very important market for Uber. The company launched its operations in the Kingdom in 2014, making it one of Uber’s largest markets, he revealed.

It provides services to over 800,000 passengers in 17 cities. Uber also launched a service unique to the Kingdom, Uber Reserve, that allows travelers to book their trips to and from train stations, he added.

The service was launched in cooperation with the Saudi Arabia Railways (SAR) and will help in reducing reliance on privately owned cars, he said.

The company also launched Uber X Share that encourages carpooling and bolstering sustainable transportation, all with the aim of contributing to achieving the goals of Saudi Vision 2030, he added.

Such a service will help in achieving an emissions free future in Saudi Arabia by 2060, Khosrowshahi stressed.



Türkiye Says Aims to Rein in Tax Breaks, Target Avoidance in Reform Plan

A woman takes pictures as a ferry sails on the Bosphorus in Istanbul, Türkiye, 29 June 2024. EPA/ERDEM SAHIN
A woman takes pictures as a ferry sails on the Bosphorus in Istanbul, Türkiye, 29 June 2024. EPA/ERDEM SAHIN
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Türkiye Says Aims to Rein in Tax Breaks, Target Avoidance in Reform Plan

A woman takes pictures as a ferry sails on the Bosphorus in Istanbul, Türkiye, 29 June 2024. EPA/ERDEM SAHIN
A woman takes pictures as a ferry sails on the Bosphorus in Istanbul, Türkiye, 29 June 2024. EPA/ERDEM SAHIN

A drive by Türkiye 's government to modernize the country's tax system will seek to boost revenue by tackling tax avoidance and scrapping incentives that are no longer needed rather than raising the overall burden, the finance minister said on Monday.

Mehmet Simsek said, however, that preliminary draft proposals being discussed within the government envisioned a minimum 15% corporate tax on multinational companies, confirming a report last month by state-owned Anadolu Agency.

According to Reuters, he did not give further details about the proposal. At present, multinational companies face varying levies depending on numerous factors.

Speaking to local broadcaster BloombergHT, Simsek said the government's plans - which would need to be approved by parliament - also included raising the corporate tax on public-private partnerships (PPPs) to 30% from 25% at present.

Simsek, who has spearheaded a year-long policy-tightening program to tackle soaring inflation, said in Monday's interview that the tax plan being discussed by government officials was in the early stages and could be subject to changes before being presented to parliament.

He said there were no plans to introduce a transaction tax on the purchase and sale of stocks, but the government could propose taxes on stock market gains sometime in the future.

Earlier this month, an economy official said Türkiye had almost finalized work on imposing a transaction tax on the purchase and sale of stocks and crypto assets.
The plans are part of broader efforts to boost government savings, fiscal discipline and price stability after years of turmoil that fueled soaring inflation.

As part of the tightening program, the central bank has aggressively hiked interest rates to 50% from 8.5% since June last year. Annual inflation hit 75% in May but was expected to have dipped in June.