UAE Publishes World’s First National Regulation Related to Vertiports

The UAE advances the transition towards clean energy. (WAM)
The UAE advances the transition towards clean energy. (WAM)
TT

UAE Publishes World’s First National Regulation Related to Vertiports

The UAE advances the transition towards clean energy. (WAM)
The UAE advances the transition towards clean energy. (WAM)

The United Arab Emirates published on Tuesday the world’s first national regulation related to vertiports to support rapid developments and continued worldwide investment in the country’s highly progressive and competitive aviation industry.

This regulation covers the design and operational requirements of vertiports while ensuring a regulatory environment that supports the efficient and safe operation of vertical take-off and landing (VTOL) aircraft.

The proposed amendments of the new draft regulation have been released for industry consultation, and it will be published later in its final version in Q1 2023.

The General Civil Aviation Authority (GCAA) said that the rapid and increasing development of electrical vertical take-off and landing (eVTOL) aircraft has created an imperative for new infrastructure, new networks and new regulatory approaches.

It noted that the demand for vertiports continues to accelerate as eVTOL manufacturers aim to launch their aircraft by 2024.

As a potential global network is envisaged by 2030, this novel carbon-neutral industry must be served by suitable, safe and regulated infrastructure, WAM reported.

Through safe and orderly infrastructure, the promises associated with this new mode of transportation include ensuring rapid movement of passengers within cities and reducing traffic jams, as well as rapid logistical responses to emergencies and easy access to markets across cities.

GCCA said that the new regulation strengthens the UAE’s Urban Air Mobility proposition while enhancing the level of safety within the aviation sector, and proactively providing a unique certification and regulatory oversight framework for vertiports.

This would increase the safety of the country’s critical national infrastructure and aviation system while maintaining its pioneering status within the global aviation industry.

Saif Mohammed al-Suwaidi, GCAA Director-General, said: “The proactive development of a regulatory framework for vertiports establishes a foundation within the UAE to ensure safe and seamless operation of urban air mobility.

He explained that the rapid growth of advanced air mobility presents opportunities in the reduction of carbon emissions, decreased congestion, and entry to inaccessible markets, which are achievable through vision, planning and close collaboration with stakeholders in the aviation industry.



Bitcoin Drops to 11-day Low amid Tech Selloff

FILE PHOTO: Sparks strike representation of cryptocurrency Bitcoin in this illustration taken November 24, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: Sparks strike representation of cryptocurrency Bitcoin in this illustration taken November 24, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
TT

Bitcoin Drops to 11-day Low amid Tech Selloff

FILE PHOTO: Sparks strike representation of cryptocurrency Bitcoin in this illustration taken November 24, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: Sparks strike representation of cryptocurrency Bitcoin in this illustration taken November 24, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

Bitcoin fell below $100,000 on Monday, hitting its lowest in 11 days, in a move analysts attributed to a wave of caution after the surging popularity of a Chinese artificial intelligence model sparked a selloff in Western AI-related stocks.

The world's biggest cryptocurrency struggled to make gains last week, as a rally that had seen it break above $100,000 after US President Donald Trump's election ran out of steam, Reuters reported.

At 1156 GMT, bitcoin was at $98,852.17, down around 6% on the day, having fallen sharply in early trading to hit its lowest since Jan. 16.

Technology stocks plunged, as traders worried that Chinese AI startup DeepSeek could threaten Western companies' dominance of the sector, in a move some called AI's "Sputnik moment", referring to the former Soviet Union's launch of a satellite that marked the start of the space race in the late 1950s.

Bitcoin's losses are "seemingly driven by some risk-off sentiment circulating the markets currently due to DeepSeek," wrote eToro analyst Simon Peters.

Geoffrey Kendrick, global head of digital asset research at Standard Chartered, said a decline in Nasdaq futures had hurt crypto markets, but that disappointment over the Trump administration's announcement about a cryptocurrency stockpile had put digital assets more at risk of a sharp selloff.

Crypto failed to feature in Trump's day-one announcements after taking office last week, leaving some investors disappointed. In an executive order on Thursday, Trump created a working group to draft new crypto rules and explore a crypto stockpile, while the Securities and Exchange Commission (SEC) spiked accounting guidance that the industry said had stymied crypto adoption.

The prospect of interest rates staying higher for longer also hurt riskier assets, said Thomas Puech, CEO of digital asset hedge fund Indigo.

US Federal Reserve policymakers meet this week and are expected to keep interest rates on hold.