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.
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.
Syrian President Ahmed Al-Sharaa announced that the country has attracted approximately $28 billion in investments during the first six months of this year, highlighting significant participation from companies based in the UAE, Saudi Arabia, and Qatar.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has emphasised the UAE's commitment to strengthening economic ties with African nations.
Microsoft and OpenAI reached a deal to allow the ChatGPT maker to restructure itself into a public benefit corporation, valuing OpenAI at $500 billion and giving it more freedom in its business operations.
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Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.