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UAE National Rail Network Connects Abu Dhabi with Dubai

Dubai Deputy Ruler, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum and Chairman of Etihad Rail Sheikh Theyab bin Mohamed bin Zayed Al Nahyan at the rail network. (WAM)
Dubai Deputy Ruler, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum and Chairman of Etihad Rail Sheikh Theyab bin Mohamed bin Zayed Al Nahyan at the rail network. (WAM)
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UAE National Rail Network Connects Abu Dhabi with Dubai

Dubai Deputy Ruler, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum and Chairman of Etihad Rail Sheikh Theyab bin Mohamed bin Zayed Al Nahyan at the rail network. (WAM)
Dubai Deputy Ruler, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum and Chairman of Etihad Rail Sheikh Theyab bin Mohamed bin Zayed Al Nahyan at the rail network. (WAM)

The UAE completed the railway directly linking Abu Dhabi with Dubai as part of Etihad Rail to connect the rest of the Emirates with an integrated railway network.

The railway track marks the start of a new phase of logistic and economic integration between the two emirates and in preparation for linking the rest of the emirates to an integrated national railway network in the UAE.

The completion of the central railway between Abu Dhabi and Dubai comes within the framework of "The UAE Railway Program," which was launched as a part of the Projects of the 50, with an investment worth $13.6 billion.

The UAE Railway Program includes a national network of railway projects that would link the seven emirates. It is expected to create economic opportunities amounting to $54.4 billion.

Dubai Deputy Ruler, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, stressed that the Railway Program reflects UAE's ambitions and aspirations to start the next 50 years with substantial development projects that enhance its position as a leading regional and global hub in the sectors of trade, economy, and logistics services.

Sheikh Maktoum noted that the completion of the central railway of the Rail Network project between Dubai and Abu Dhabi represents a pivotal phase that shows the great benefits of this national project in linking all the emirates of the country and boosting transportation between industrial and economic centers and facilitating transportation within the UAE.

"The economic effects of linking Abu Dhabi and Dubai via the 'UAE National Rail Network' will extend for many years," Sheikh Maktoum was quoted by the WAM state news agency.

Chairman of Etihad Rail Sheikh Theyab bin Mohamed bin Zayed Al Nahyan stressed the importance of completing the central railway of the National Network connecting Abu Dhabi and Dubai to Sharjah, joining the cities and industries to a safe and sustainable rail network.

"The completion of the main railway will enhance the strategic position of the project at the transport and infrastructure levels, and contributes to the promotion of sustainable development in the UAE, and the consolidation of its position to remain in the first ranks at the regional and global levels."

The railway of 256 km is designed based on the highest international standards and specifications concerned with environmental aspects, safety, and quality, which will play a pivotal role in developing the UAE National Rail Network, facilitating goods transportation within the UAE, and reducing transportation costs.

The railway includes 29 bridges, 60 crossings, and 137 drainage channels. The total excavation and backfill work amounted to 46 million cubic meters, with 13,300 workers recording more than 47 million working hours.

At a 200 km/h, the project will connect 11 cities within the UAE, where passengers can travel from Abu Dhabi to Dubai in 50 minutes and from Abu Dhabi to Fujairah in 100 minutes.

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Euro Zone Poised to Enter Trade Quagmire as Trump Wins

A container ship unloads its cargo in the German port of Hamburg (Reuters)
A container ship unloads its cargo in the German port of Hamburg (Reuters)
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Euro Zone Poised to Enter Trade Quagmire as Trump Wins

A container ship unloads its cargo in the German port of Hamburg (Reuters)
A container ship unloads its cargo in the German port of Hamburg (Reuters)

As Trump 2.0 becomes a reality, Europe is poised to enter a new geopolitical and trade quagmire with its biggest trading partner.

Donald Trump's victory may harm Europe's economy as proposed 10% US tariffs risk hitting European exports such as cars and chemicals, eroding Europe's GDP by up to 1.5% or about €260 billion.

Analysts warn of European Central Bank (ECB) rate cuts, euro weakness, and a recession risk.

According to several economic analyses, there is broad agreement that Trump's proposed 10% universal tariff on all US imports may significantly disrupt European growth, intensify monetary policy divergence, and strain key trade-dependent sectors such as autos and chemicals.

The long-term effects on Europe's economic resilience could prove even more significant if tariffs lead to protracted trade conflicts, prompting the European Central Bank (ECB) to respond with aggressive rate cuts to cushion the impact, according to Euronews.

Trump's proposed across-the-board tariff on imports, including those from Europe, could profoundly impact sectors such as cars and chemicals, which rely heavily on US exports.

Data from the European Commission shows that the European Union exported €502.3 billion in goods to the US in 2023, making up a fifth of all non-European Union exports.

European exports to the US are led by machinery and vehicles (€207.6 billion), chemicals (€137.4 billion), and other manufactured goods (€103.7 billion), which together comprise nearly 90% of the bloc's transatlantic exports.

ABN Amro analysts, including head of macro research Bill Diviney, warn that tariffs “would cause a collapse in exports to the US,” with trade-oriented economies such as Germany and the Netherlands likely to be hardest hit.

According to the Dutch bank, Trump's tariffs would shave approximately 1.5 percentage points off European growth, translating to a potential €260 bn economic loss based on Europe's estimated 2024 GDP of €17.4 tn.

Should Europe's growth falter under Trump's tariffs, the European Central Bank (ECB) may be compelled to respond aggressively, slashing rates to near zero by 2025.

In contrast, the US Federal Reserve may continue raising rates, leading to “one of the biggest and most sustained monetary policy divergences” between the ECB and the Fed since the euro's inception in 1999.

Dirk Schumacher, head of European macro research at Natixis Corporate & Investment Banking Germany, suggests that a 10% tariff increase could reduce GDP by approximately 0.5% in Germany, 0.3% in France, 0.4% in Italy, and 0.2% in Spain.

Schumacher warns that “the euro area could slide into recession in response to higher tariffs.”

According to Goldman Sachs' economists James Moberly and Sven Jari Stehn, the broad tariff would likely erode eurozone GDP by approximately 1%.

Goldman Sachs analysts project that a 1% GDP loss translates into a hit to earnings per share (EPS) for European firms by 6-7 percentage points, which would be sufficient to erase expected EPS growth for 2025.