The UAE’s National Railway Programme is expected to generate over AED 200 billion in economic and developmental benefits.
That’s according to Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, speaking ahead of the Global Rail 2025 Exhibition and Conference, taking place in Abu Dhabi from September 20 to October 2.
Launched in 2021 with AED 50 billion in investments, the programme is the largest system of its kind ever developed in the country.
Al Mazrouei says it’s not just about infrastructure, but a national vision aligned with the UAE Centennial 2071, aiming to cut carbon emissions, improve road safety and enhance quality of life.
He highlighted the UAE’s commitment to smart mobility, including autonomous transport and advanced regulatory frameworks, positioning the nation as a global leader in sustainable transport innovation.
The Global Rail 2025 event will be a key platform for international collaboration and future-focused dialogue, reinforcing the UAE’s role in shaping the future of mobility.
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
The UAE has launched an urgent humanitarian mission to assist communities affected by Hurricane Melissa, which devastated parts of Jamaica, Haiti and Cuba.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, looked at ways to advance cooperation with South Korea in key sectors during talks with President Lee Jae-myung in Gyeongju.