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.
ADNOC L&S completes acquisition of 80% stake in Navig8
ADNOC Logistics and Services plc on Wednesday announced the completion of its acquisition of an 80 per cent stake in Navig8 for $1.04 billion (AED3.8 billion), with a contractual commitment to acquire the remaining 20 per cent in mid-2027.
Donald Trump announces $20 billion Damac US investment
Donald Trump has announced a $20 billion (AED 73.4 billion) investment from Damac Properties to build data centres across the United States.
Meta elects UFC CEO Dana White, two others to board
Meta Platforms has elected three new directors to its board, including Dana White, CEO of Ultimate Fighting Championship (UFC) and close friend of President-elect Donald Trump.
Abu Dhabi launches new Registration and Licensing Authority
Abu Dhabi launched Abu Dhabi Registration and Licensing Authority (ADRA) on Monday, aiming to further enhance and regulate the business sector across the emirate.
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The Rock and Chris Evans: A Christmas Surprise!
The super-star and multi-award-winning singer-songwriter, Jason Derulo is bringing the heat to Dubai.
The boys tried their 'pick up' lines on Mais Vault and things did not go according to plan...
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