Dubai port operator DP World is buying a $50 million stake in US tech start-up Hyperloop One. Los Angeles-based Hyperloop One is gearing to build a futuristic transport system that will move people and goods through a vacuum tube at more than 1,000 kilometres per hour. Apart from DP World, 137 Ventures, French National Rail Company and GE Ventures have made their contributions, taking the total funding to $160 million.
UAE, Egypt agree on phased expansion to boost air connectivity
The UAE and Egypt have agreed to establish a phased framework for the gradual expansion of air services between the two countries to meet growing demand for passenger traffic, create new opportunities for airlines and further boost economic ties.
Dubai awards Sustainable Tourism stamp to over 200 hotels
As many as 237 hotels have been awarded the Dubai Sustainable Tourism (DST) stamp for their commitment to responsible hospitality practices.
BMW to cut several thousand jobs in latest blow to German auto sector
BMW said on Wednesday it will cut several thousand jobs in Germany by the end of 2027 under a voluntary redundancy programme, the latest German carmaker to axe staff in response to squeezed profits and weak demand.
UAE discusses digital safety, AI policies with Snapchat
A UAE delegation has explored ways to strengthen cooperation in digital safety and responsible AI policies with representatives from Snapchat during a meeting in London.
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4:00pm - 7:00pm
