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.
UAE, Ecuador announce CEPA agreement signing
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and President of Ecuador Daniel Noboa have announced the signing of a Comprehensive Economic Partnership Agreement (CEPA) between the two nations on Sunday.
DFSA announces closure of Nasdaq Dubai exchange
The Dubai Financial Services Authority (DFSA), has announced the temporary closure of Nasdaq Dubai exchange on Monday, March 2, and Tuesday, March 3, due to the ongoing regional developments.
UAE capital markets to remain closed until further notice
The UAE Capital Market Authority has announced that the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) will be closed from Monday, 2 March 2026, until further notice.
Abu Dhabi to cover costs of extended hotel stays after missile strikes
Abu Dhabi's Department of Culture and Tourism has issued an official circular to hotel managers across the emirate instructing them to extend the stays of guests who are unable to depart due to travel disruptions following missile and drone attacks from Iran.
Oil jumps 10% on Iran conflict and could spike to $100 a barrel, analysts say
Brent crude LCOc1 jumped 10% to about $80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 after U.S. and Israeli launched strikes on Iran.
