UAE Invests $13.6 Bln in Railway Program

The Railways Program was launched during a special event celebrating the "Projects of the 50", held at Dubai's EXPO 2020. (Asharq Al-Awsat)
The Railways Program was launched during a special event celebrating the "Projects of the 50", held at Dubai's EXPO 2020. (Asharq Al-Awsat)
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UAE Invests $13.6 Bln in Railway Program

The Railways Program was launched during a special event celebrating the "Projects of the 50", held at Dubai's EXPO 2020. (Asharq Al-Awsat)
The Railways Program was launched during a special event celebrating the "Projects of the 50", held at Dubai's EXPO 2020. (Asharq Al-Awsat)

The United Arab Emirates announced the launch of its Railways Program, which is an integrated strategy for the railway sector in the UAE for the coming decades.

The Program includes a national network of railway projects that link the emirates and the key cities of the country, with opportunities to expand beyond the borders.

The investments of the UAE Railway Program are worth $13.6 billion, 70 percent of which target the local market.

The Program will provide more than 9,000 jobs in the railway sector by 2030.

The "Etihad Rail" project connects Ghuwaifat on the border with Saudi Arabia to the port of Fujairah on the Eastern Coast.

The Railways Program was launched during a special event celebrating the "Projects of the 50", held at Dubai's EXPO 2020.

At the event, the Ruler of Dubai and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum said the Etihad Rail is the largest project to consolidate the union's strength for the next fifty years.

"It will connect 11 key cities and regions across the UAE," he said, adding that the UAE's infrastructure is among the best in the world, and the Etihad Rail will further enhance UAE excellence in the logistical field.

"The project is in line with the environmental policy of the UAE, and it will reduce carbon emissions by 70-80 percent."

Also, at the event, Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed Al Nahyan stressed that the Program reflects the true meaning of integration into the national economic system, as "we see the largest partnership between government entities at the federal and local levels."

He noted that the program "comes to support a national vision to connect the country's key centers of industry and production, open new trade routes and facilitate population movement, creating the most developed work and living environment in the region."

Chairman of Etihad Rail Sheikh Theyab bin Mohamed bin Zayed Al Nahyan described the Program as a "key milestone" in the road transport sector and a true reflection of "The Principles of the 50."

Sheikh Theyab added that the Railways Program extends an opportunity to qualify and train Emirati talents and enable them to lead this vital sector in the future.

The UAE Railways Program will enhance the transportation system across the UAE, allowing passengers to travel from Abu Dhabi to Dubai in 50 minutes, and from Abu Dhabi to Fujairah in 100 minutes.

The Railway Program includes three key projects. The first project is the Freight Rail, which provides Etihad Rail freight services.

The second project is the Rail Passenger Services that aim to connect 11 cities with the UAE from al-Sila to Fujairah.

The third project is the Integrated Transportation Service, where an innovation center will be established to ensure the integration of smart transportation solutions.

By 2030, the number of passengers is expected to reach more than 36.5 million annually.

The National Railway Program creates enormous economic opportunities amounting to $54.4 billion. The estimated benefits of reducing carbon emissions amount to $5.7 billion. It will also achieve tourism benefits estimated at $6.2 billion during the next 50 years.



Cluster2 Company Launches Direct Flights from Muscat to Saudi Arabia's Taif

 Three direct flights will take place per week between Muscat and Taif via Oman Air - SPA
Three direct flights will take place per week between Muscat and Taif via Oman Air - SPA
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Cluster2 Company Launches Direct Flights from Muscat to Saudi Arabia's Taif

 Three direct flights will take place per week between Muscat and Taif via Oman Air - SPA
Three direct flights will take place per week between Muscat and Taif via Oman Air - SPA

The Cluster2 Company, operator of Taif International Airport, announced the launch of three direct flights per week between Muscat and Taif via Oman Air, starting January 31, SPA reported.

The launch of international flights through the cluster’s airports comes as part of its ongoing commitment to improving the passenger experience and expanding international travel options, while continuing to build strategic partnerships with global airlines to enhance air connectivity in the Kingdom.


Oil Prices Rise as US Ramps up Action against Venezuela Tankers

A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer
A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer
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Oil Prices Rise as US Ramps up Action against Venezuela Tankers

A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer
A view shows an oil pump jack outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer

Oil prices rose on Monday after the US intercepted ​an oil tanker in international waters off the coast of Venezuela and tensions in Russia's war against Ukraine remained high, with both developments raising fears of supply disruption.

Brent crude futures gained $1.31, or 2.17%, to $61.78 a barrel by 1316 GMT. US West Texas Intermediate crude rose by $1.25, or 2.2%, to $57.77.

Market participants now see a risk of disruption to Venezuelan oil exports because of the US ‌embargo, having previously ‌been complacent in that regard, said ‌UBS ⁠analyst Giovanni ​Staunovo.

Venezuelan crude ‌accounts for about 1% of global supply.

Growing supply from the US and the OPEC+ producer group have largely offset worries over supply disruption elsewhere to keep Brent futures around $65 a barrel in the second half of 2025, though prices have eased in the past month because of oversupply concerns.

Oil prices have been supported by developments off Venezuela while ⁠Russia-Ukraine tensions simmer in the background in an otherwise very bearish market, said June ‌Goh, analyst at Sparta Commodities.

The US Coast ‍Guard is pursuing an oil ‍tanker in international waters near Venezuela in what would be the ‍second such operation over the weekend and the third in less than two weeks if successful, officials told Reuters on Sunday.

A rebound in oil prices has been sparked by US President Donald Trump's announcement of a "total ​and complete" blockade of sanctioned Venezuelan oil tankers and subsequent developments there, followed by reports of a Ukrainian drone strike ⁠on a Russian shadow fleet vessel in the Mediterranean, said IG analyst Tony Sycamore.

The Brent and WTI benchmarks fell by about 1% last week.

US special envoy Steve Witkoff said on Sunday that talks between US, European and Ukrainian officials in Florida over the past three days in an effort to end Russia's war in Ukraine had focused on aligning positions. Those meetings and separate talks with Russian negotiators had been productive, he said.

However, the top foreign policy aide of Russian President Vladimir Putin said that changes made by the Europeans ‌and Ukraine to US proposals had not improved prospects for peace.


GASTAT: Construction Costs in Saudi Arabia Rose 1% in November

The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025. SPA
The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025. SPA
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GASTAT: Construction Costs in Saudi Arabia Rose 1% in November

The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025. SPA
The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025. SPA

The Construction Cost Index in Saudi Arabia rose 1% in November 2025 compared with the same month last year, driven by equal 1% increases in both residential and non-residential construction costs, according to data released by the Kingdom’s General Authority for Statistics (GASTAT).

The monthly Construction Cost Index survey results showed price stability in November 2025 compared with October 2025.

The Construction Cost Index bulletin is part of GASTAT’s ongoing efforts to develop statistical products for vital sectors and provide a reliable and effective reference with accurate estimates to support decision-making by contractors, real estate developers, and relevant entities.

These efforts contribute to drawing a clear roadmap for residential and non-residential construction projects in the building and construction sector.