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FINANCIAL NEWS
Abu Dhabi inks deal on futuristic transport system
13 Dec 2016
(MENAFN) Abu Dhabi has signed the UAE’s second hyperloop feasibility study in order to build a futuristic high-speed transport system linking the cities of Abu Dhabi and Al Ain.
Additionally, Abu Dhabi’s Department of Municipal Affairs and Transport and U.S-based Hyperloop Transportation Techs proclaimed the deal.
Furthermore, the hyperloop uses magnet to soar pods inside an airless tube, making conditions in which the pods can shuttle people and cargo at speeds of up to 1.200 km per hour.
The UAE made plans to build its own national rail network after neighboring Gulf nations fell behind on their rail projects that were supposed to link the six states from Kuwait to Oman.
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HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
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BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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