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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.

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Dubai Chambers launches one-stop digital platform to help businesses start, grow and expand

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Starting and growing a business in Dubai is set to become easier with the launch of Business in Dubai, a new digital platform by Dubai Chambers that brings together essential corporate services in one place.

Designed as a single gateway for companies, the platform connects businesses with trusted service providers, helping them access everything from financial solutions to technology, marketing and certification services without having to navigate multiple channels.

The initiative aims to simplify business operations while strengthening Dubai’s position as one of the world’s most competitive destinations for investment and entrepreneurship.

What does the platform offer?

The Business in Dubai platform currently provides 65 corporate services through seven accredited partners, offering companies a wide range of support as they establish or expand their operations in the emirate.

The services are grouped into four key categories:

  • Financial services
  • Marketing and business growth services
  • Technology services
  • Testing, inspection and certification services

The current network of partners includes ZENDATA Cybersecurity, FAST Ventures, Mamo, OCTA, SGS Gulf Limited, Vault, and Pemo.

Helping businesses grow

Dubai Chambers said the platform has been designed to save companies time and resources by bringing multiple business services under one digital roof.

Khalid AlJarwan, Executive Vice President of Commercial and Corporate Services at Dubai Chambers, said the initiative reflects the organisation’s commitment to creating an environment that supports business growth both locally and internationally.

He said the platform will strengthen Dubai’s investment ecosystem by making it easier for companies to access the services they need to scale their operations and contribute to the emirate’s long-term economic development.

Boost for the digital economy

Saeed Al Gergawi, Vice President of Dubai Chamber of Digital Economy, said the platform will particularly benefit businesses operating in the digital economy by simplifying access to trusted service providers.

He added that the initiative creates a more flexible and efficient business environment, enabling entrepreneurs and companies across different sectors to focus on growth rather than administrative processes.

A single digital gateway

By consolidating key business services onto one platform, Dubai Chambers aims to reduce the time and effort companies spend searching for service providers, allowing them to concentrate on innovation, expansion and day-to-day operations.

The launch forms part of Dubai’s wider efforts to strengthen its business ecosystem and reinforce its position as a leading global hub for trade, investment and entrepreneurship.

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What the new DIFC investment fund proposals mean for investors

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Dubai’s financial regulator is planning the biggest update to the Dubai International Financial Centre (DIFC) investment fund rules in more than a decade.

The Dubai Financial Services Authority (DFSA) has launched a public consultation on a wide-ranging package of reforms designed to modernise the DIFC’s investment fund framework, simplify regulations for fund managers and strengthen investor protection.

Here’s what you need to know.

Why is the DFSA changing the rules?

The DFSA says the investment fund industry has evolved significantly since the current framework was introduced in 2006.

The proposed reforms aim to:

  • Modernise regulations to reflect today’s investment market.
  • Reduce unnecessary compliance requirements.
  • Make it easier for fund managers to operate.
  • Maintain strong investor protection.
  • Align DIFC regulations with international best practices.

What are the proposed changes?

The consultation includes several key proposals:

More flexible rules for private investment funds

The DFSA plans to replace rigid classifications for specialist private funds with a more flexible framework that can better accommodate modern investment strategies.

Simpler licensing for fund managers

Investment managers may no longer need separate licences for certain activities, such as arranging investments or dealing on behalf of clients, as these would be covered under an existing asset management licence.

Updated rules for master-feeder funds

The regulator also wants to modernise regulations governing “master-feeder” fund structures to reflect current market practices better.

Removal of the external fund manager regime

The DFSA proposes removing the external fund manager framework as more firms are now seeking direct authorisation from the regulator.

More investment opportunities for employees

Employees could be given greater flexibility to invest in private funds managed by their own employers, either directly or through dedicated investment vehicles.

Technical improvements

The consultation also proposes several technical amendments to improve clarity and consistency within the Collective Investment Law.

Could tokenised investment funds become a reality?

The consultation also seeks industry feedback on regulating tokenised investment funds.

Tokenisation uses blockchain technology to represent ownership units digitally, potentially making investment funds more efficient and accessible.

At this stage, the DFSA is only gathering feedback and has not proposed formal regulations.

Will retail investors get access to more investment opportunities?

Another topic under discussion is the possible introduction of a long-term investment fund regime.

If developed in the future, it could allow retail investors to access certain long-term assets—such as infrastructure projects or private market investments- that are currently limited to professional investors.

No regulatory changes have been proposed yet; the regulator is first seeking industry views.

Who can provide feedback?

The consultation is open until September 7, 2026.

The DFSA is inviting comments from:

  • Fund managers
  • Asset managers
  • Fund administrators
  • Legal advisers
  • Auditors
  • Compliance professionals
  • Other participants in the DIFC investment funds industry

The proposals form part of Dubai’s wider efforts to strengthen its position as a leading regional hub for wealth and asset management while ensuring regulations remain modern, proportionate and investor-focused.

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UAE Central Bank fines foreign bank Dh1.82mn over consumer protection breach

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The Central Bank of the UAE (CBUAE) has imposed a Dh1.82 million financial penalty on a branch of a foreign bank operating in the country for violating consumer protection rules.

The regulator did not identify the bank involved.

Why was the bank fined?

According to the CBUAE, inspections found that the bank failed to issue a liability letter within the mandatory seven-day timeframe, breaching the central bank’s Market Conduct and Consumer Protection Regulations and Standards.

The penalty was imposed under Federal Decree-Law No. 6 of 2025, which governs the Central Bank, financial institutions and insurance activities.

What is a liability letter?

A liability letter is issued when a customer wants to transfer an existing loan or other financial obligations to another bank or apply for new financing elsewhere.

Banks are required to provide the document within seven days to ensure customers can switch lenders or complete financing arrangements without unnecessary delays.

CBUAE reinforces consumer protection

The central bank said the enforcement action reflects its commitment to ensuring banks comply with UAE laws and consumer protection regulations.

The regulator added that it will continue to monitor financial institutions to uphold transparency, integrity and high standards across the UAE’s banking sector.

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