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.
Dubai ranked world’s third most startup-friendly city in new global index
Dubai has been named the third most startup-friendly city in the world, according to a new global index that measures how well cities support entrepreneurs and early-stage businesses.
OPEC+ keeps oil output steady following steep price drop in 2025
OPEC+ kept oil output unchanged on Sunday, after oil prices fell more than 18 per cent in 2025, their steepest yearly drop since 2020, amid growing oversupply concerns.
Tesla loses EV crown to China's BYD
Tesla ceded its crown as the world's top electric vehicle maker to China's BYD after annual sales fell for a second year, with intensifying competition, the expiration of US tax credits and damage to the automaker's brand hurting demand.
Dubai Duty Free celebrates record-breaking 2025
Dubai Duty Free has recorded the strongest year in its history, with annual sales reaching AED8.68 billion ($2.38 billion) in 2025, driven by record-breaking monthly performances and strong demand from international travellers.
UAE updates capital market laws to strengthen financial oversight
The UAE has introduced two new federal decree laws aimed at modernising how its financial markets are regulated and supervised.
