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Dubai’s Sheikh Mohammed launches UAE rail freight operations

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Abu Dhabi: Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, launched the cargo train operations of the national rail network from its operations control centre in Al Fayah region, Abu Dhabi, on Friday.

Praising the efforts of those involved, Sheikh Mohammed said “connecting the Emirates via a national railway network strengthens our capabilities and competitiveness, and consolidates our unity,” he said.

Sheikh Theyab bin Mohamed Al Nahyan, member of the Abu Dhabi Executive Council and chairman of Etihad Rail, said: “Emirati talents, with the support of the UAE leadership, have turned the dream of our founding fathers into reality. We succeeded in launching a railway network with international specifications that extends to about 900 kilometres across the Emirates. We announce the inauguration operation of the freight trains throughout the UAE with a fleet of 38 locomotives and more than 1,000 wagons capable of transporting all types of goods.”

He pointed out that the completion of the network according to the schedule and the approved budget would not have been possible without the cohesion of the talented Emirati cadres.

The network contributes to supporting companies’ businesses and enhancing investment opportunities. The main line of the UAE National Rail Network extends from Ghuweifat on the border of the Kingdom of Saudi Arabia, to Fujairah, forming an essential part of the global supply network.

The stage one of the Network has been fully operational since January 2016, where the stage two of the project started in early 2020.

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, opens the UAE’s freight train network, the latest stage of Etihad Rail, the country’s mega national network project. WAM

 

The UAE national railway network will contribute to supporting the national economy at a value of AED200 billion, and saving AED8 billion in the cost of road maintenance. The network’s tourism benefits are estimated at AED23 billion.

The project has contributed to supporting the local industry by assigning 215 companies and local entities. also, 70 percent of the building materials used in the project are produced by the local industry.

The project also supports the UAE’s sustainable development goals and contributes to achieving the UAE Net Zero by 2050, through reducing carbon emissions in the road transport sector by 21 percent, and reducing road transportation emissions per capita by 40 percent, by 2050.

The project has enlisted 11 contractors, 25 consultants, and 28,000 specialists. It took 133 million working hours to complete, and 40,000 approvals from 180 government agencies.

More than 1,000 operational documents have been produced, including instructions, handbooks, guidelines, policies, operating procedures, agreements, and others.

The UAE national railway network passes through a variety of geographical terrains, within a large-scale engineering plan that includes the construction of 593 bridges and crossings of all types, and 9 tunnels with a length of 6.5 km. It took 120 million cubic metres of excavation work to complete, to ensure the highest levels of vehicular traffic flow under the tracks of the railway network.

The fleet of the most modern freight trains in the region includes 38 locomotives, with a capacity of 60 million tonnes of goods annually, and more than 1,000 multi-purpose vehicles.

Each goods transport’s locomotive operates with a power of 4,500 horsepower, equivalent to 3,400 kilowatts. It is one of the most powerful freight train engines in the Middle East.

The freight trains will run up to 120 km/h. The standard width of the rail is 1,435 metres, and it operates under the European ETCS level 2 signalling system. It has been specially designed to withstand the geographical nature, climatic conditions, high temperatures and humidity in the GCC region, to ensure high levels of performance, efficiency and sustainability.

The freight trains will connect four major ports. It will include seven logistics centres across the country, to serve trains and related businesses.

Business

Sheikh Mohammed announces new UAE Ministry of Foreign Trade and renames Ministry of Economy

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In a major UAE government move, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, has announced the creation of a new Ministry of Foreign Trade and renamed the Ministry of Economy to the Ministry of Economy and Tourism.

Taking to the social media platform X, Sheikh Mohammed said the decisions were made in consultation with His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE.

“Brothers and sisters, after consultation with my brother, the President of the State, may God protect him, and with his approval, we announce today several changes in the UAE government as follows: The Ministry of Foreign Trade was established in the UAE government and the name of the Ministry of Economy is changed to Ministry of Economy and Tourism,” the Dubai Ruler wrote in his post.  

Key announcements include:

  • The establishment of a new Ministry of Foreign Trade, with Dr. Thani Al Zeyoudi appointed as the minister.
  • The Ministry of Economy is now renamed the Ministry of Economy and Tourism, to reflect its broader scope. Abdullah Bin Touq Al Marri will continue to lead it.
  • The National Artificial Intelligence System will become an advisory member of the Cabinet, starting January 2026. It will also join the Ministerial Council for Development and the boards of all federal entities and government-owned companies.

The integration of AI into key decision-making bodies aims to enhance policy efficiency, provide real-time technical advice, and support future-focused governance across sectors.

Sheikh Mohammed emphasised that the move aligns with the UAE’s ongoing commitment to innovation, agility, and strategic leadership at all levels of government.

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Real estate

Abu Dhabi launches smart platform to boost real estate investment and speed up construction approvals

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Real estate investors in Abu Dhabi have a new reason to celebrate. The Department of Municipalities and Transport (DMT) has launched Binaa, an AI-powered digital platform that promises to slash building permit approval times by up to 70 per cent and reduce unnecessary construction costs, making the emirate even more attractive for real estate development and investment. 

Unveiled during the Abu Dhabi Infrastructure Summit, the goal of Binaa is to dramatically reduce red tape, speed up approvals, and modernise how building projects are reviewed and managed.

What Binaa Means for You:

  • Up to 70 per cent faster permit approvals
  • Simplified process for private villa construction
  • Real-time tracking for architects, contractors, and homeowners
  • Minimises the cost and environmental impact of over-designed plans
  • Supports full coordination across 15 plus government entities

Smarter Construction, Powered by AI

Binaa uses AI, Building Information Modelling (BIM), and virtual/augmented reality to help spot design inefficiencies and ensure buildings meet safety and sustainability codes. It can also simulate site inspections using 3D overlays, making it easier to spot errors before they become costly construction issues.

During Phase 1, the platform will focus on private villas, which account for around 20,000 applications annually. Future phases will expand to larger developments.

One Platform, Endless Possibilities

Binaa offers a single digital window for managing the entire building process. It allows instant collaboration between consultants, project owners, and government agencies.

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Business

UAE Central Bank keeps interest rate steady at 4.40%

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The Central Bank of the UAE (CBUAE) has announced that it will maintain its Base Rate at 4.40%, following the US Federal Reserve’s decision to leave its Interest Rate on Reserve Balances (IORB) unchanged.

The Base Rate is applied to the Overnight Deposit Facility (ODF) and serves as a key benchmark for short-term interest rates in the country’s financial system.

In line with this, the CBUAE also confirmed that the borrowing rate for short-term liquidity from the central bank will remain 50 basis points above the Base Rate, applicable across all standing credit facilities.

What does this mean?
Anchored to the US Fed’s IORB, the UAE’s Base Rate reflects the overall monetary policy stance and helps set the floor for overnight money market interest rates, ensuring stability in the financial sector.

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