News
Humain partners with Nvidia to launch robotaxis
1+ hour, 45+ min ago (173+ words) Humain, the Saudi'Public Investment Fund'(PIF) artificial intelligence company, is partnering with US chip maker Nvidia to launch robotaxis in the Middle East. The collaboration will help enable the infrastructure, intelligence and operational scale required for level-four-ready autonomous transportation across…...
PIF explores merging logistics assets into single entity
1+ week, 5+ day ago (223+ words) Saudi Arabia's Public Investment Fund (PIF), which controls more than $1 trillion in assets, is considering merging its ports, rail and shipping assets into a single entity to overcome supply chain issues caused by the Iran war, according to reports. Discussions…...
Safety a bigger concern than insurance for Hormuz shipowners
2+ week, 6+ day ago (149+ words) Shipowners have largely declined to seek insurance cover amid concerns there is still no safe way to navigate the Strait of Hormuz...
Turkey gets $1. 9bn from World Bank for Asia-Europe rail link
1+ mon, 2+ week ago (212+ words) Turkey has secured "1. 7 billion ($1. 9 billion) from the World Bank for the planned Istanbul North Rail Crossing (Inrail), which aims to strengthen freight and passenger connections between Asia and Europe. The deal is the third-largest project approved by the global development…...
Shuaa closes 2025 in the black despite 3% revenue dip
2+ mon, 1+ week ago (270+ words) Shuaa Capital swung to a profit last year on increased operational efficiency, the asset management and investment banking company said. The company reported a net profit of AED156 million ($43 million), versus a 2024 net loss of AED274 million, driven by a strategic turnaround…...
Qatar Airways to sell Cathay Pacific stake for $897m
6+ mon, 3+ week ago (263+ words) Qatar Airways has agreed to sell its entire stake in Cathay Pacific Airways for $897 million (HK$7 billion). The state-owned Gulf airline will offload its 9. 7 percent holding at a buyback price of HK$10. 84 per share to the Hong Kong-based carrier. Qatar…...
DAE Capital nears deal to buy aircraft leasing firm
3+ mon, 1+ week ago (172+ words) We are a full-spectrum business news platform for the Mena region and beyond, serving an influential audience of market makers and decision takers. We break important stories, provide authoritative opinion and analysis, and facilitate commercial collaboration. DAE Capital nears deal…...
Turkey secures $7bn to fund Asia-Europe rail link
3+ mon, 6+ day ago (170+ words) Turkey has secured billions of dollars from six international financial institutions to fund a vast infrastructure project. A preliminary agreement has been reached for $6. 75 billion to fund the Northern Railway Crossing Project, a rail line to strengthen freight and passenger…...
RAK Airport sets ambitious passenger number goal
4+ mon, 1+ week ago (550+ words) Ras Al Khaimah International Airport has increased its passenger numbers by half over the past two years and chief executive Manish Seth told AGBI he wants to repeat that growth. Operating in the shadow of larger airports in Dubai, Abu…...
Still waiting for your flying car? Here's why | AGBI
7+ mon, 3+ hour ago (828+ words) How many of us have stared at the open skies and dreamt of gently lifting off? It all started with Back to the Future Part II. Of all the cars made famous by cinema, only one could fly and travel through…...