Archer Aviation Inc. (ACHR), Friday announced a collaboration with UAE and Abu Dhabi entities to advance the establishment of electric air taxi operations in Abu Dhabi.
As part of the deal, the company will also establish the first manufacturer of vertical electric vehicles in the Middle East and North Africa region.
Currently, Archer's stock is trading at $8.26, up 7.83 percent on the New York Stock Exchange.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.