UAE's Etihad Rail Connects Vital Freight Terminal to Network’s Main Line

The new line extends from the borders of Saudi Arabia to the port of Fujairah, on the eastern coast, passing through key manufacturing hubs and urban centers. (WAM)
The new line extends from the borders of Saudi Arabia to the port of Fujairah, on the eastern coast, passing through key manufacturing hubs and urban centers. (WAM)
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UAE's Etihad Rail Connects Vital Freight Terminal to Network’s Main Line

The new line extends from the borders of Saudi Arabia to the port of Fujairah, on the eastern coast, passing through key manufacturing hubs and urban centers. (WAM)
The new line extends from the borders of Saudi Arabia to the port of Fujairah, on the eastern coast, passing through key manufacturing hubs and urban centers. (WAM)

UAE's Etihad Rail said it successfully completed the connection process between the railway freight terminal at the Industrial City of Abu Dhabi (ICAD), the largest inland freight railway terminal in the country, and the UAE National Rail Network.

This achievement comes in line with the goals of the UAE Railway Program, which is the largest integrated system for transporting goods and passengers across the country.

The program aims to connect the country’s key centers of industry and production, open new trade routes and facilitate population movement, state new agency WAM reported.

Upon the completion of Stage Two of the UAE National Rail Network, Etihad Rail will provide logistics solutions from the railway terminal, which is located at the heart of the Industrial City of Abu Dhabi, burgeoning hub of industrial companies in the area.

Executive Director of Rail Relations Sector at Etihad Rail Mohammed Al Marzouqi said: "Connecting the railway freight terminal at ICAD with Etihad Rail’s main line ensures our readiness to start providing our clients with logistics solutions by linking Abu Dhabi with various industrial centers and import and export points.:

"Our network will have a positive impact on end users, as it will contribute to reducing trucks on roads and bring down their maintenance costs," he added.

Etihad Rail is constructing the largest inland railway freight terminal in the UAE in ICAD, spanning just over 2.7 million square feet, the new railway freight terminal at will comprise over 22 buildings and major structures to support operations, processing up to nine trains each day.

It will facilitate the distribution of goods across the countries of Gulf Cooperation Council (GCC) and UAE.

The development of the ICAD railway freight terminal features as a part of Stage Two of the UAE’s national railway network.

The historic project extends from Al on the borders of Saudi Arabia to the emirate of Fujairah, on the eastern coast. Upon completion, Stage Two of the GCC’s railway network will integrate the nation’s ports, manufacturing hubs, and urban centres.



Oil Trims Gains on Dollar Strength, Tight Supplies Provide Support

FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas, US, May 3, 2017. REUTERS/Ernest Scheyder/File Photo
FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas, US, May 3, 2017. REUTERS/Ernest Scheyder/File Photo
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Oil Trims Gains on Dollar Strength, Tight Supplies Provide Support

FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas, US, May 3, 2017. REUTERS/Ernest Scheyder/File Photo
FILE PHOTO: An oil pump jack is seen at sunset near Midland, Texas, US, May 3, 2017. REUTERS/Ernest Scheyder/File Photo

Oil prices trimmed earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of supplies from Russia and other OPEC members and a drop in US crude stocks.

Brent crude was up 21 cents, or 0.27%, at $77.26 a barrel at 1424 GMT. US West Texas Intermediate crude climbed 27 cents, or 0.36%, to $74.52.

Both benchmarks had risen more than 1% earlier in the session, but pared gains on a strengthening US dollar.

"Crude oil took a minor tumble in response to a strengthening dollar following news reports that Trump is considering declaring a national economic emergency to provide legal ground for universal tariffs," added Ole Hansen, analyst at Saxo Bank.

A stronger dollar makes oil more expensive for holders of other currencies.

"The drop (in oil prices) seems to be driven by a general shift in risk sentiment with European equity markets falling and the USD getting stronger," said UBS analyst Giovanni Staunovo.

Oil output from the Organization of the Petroleum Exporting Countries fell in December after two months of increases, a Reuters survey showed.

In Russia, oil output averaged 8.971 million barrels a day in December, below the country's target, Bloomberg reported citing the energy ministry.

US crude oil stocks fell last week while fuel inventories rose, market sources said, citing American Petroleum Institute figures on Tuesday.

Despite the unexpected draw in crude stocks, the significant rise in product inventories was putting those prices under pressure, PVM analyst Tamas Varga said.

Analysts expect oil prices to be on average down this year from 2024 due in part to production increases from non-OPEC countries.

"We are holding to our forecast for Brent crude to average $76/bbl in 2025, down from an average of $80/bbl in 2024," BMI, a division of Fitch Group, said in a client note.