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UAE Moments
15 minutes ago
- UAE Moments
Sheikh Mohammed Rides Etihad Rail from Dubai to Fujairah
Sharing moments from his trip on X (formerly Twitter), Sheikh Mohammed called the national rail project a 'source of pride,' spotlighting its role in connecting 11 cities across the country, from Al Sila in the west to Fujairah in the east, with trains that can zoom up to 200 km/h. 'Proud of our national projects... proud of the Etihad Trains team led by Theyab bin Mohammed bin Zayed... and proud of a country that never stops working, but adds a new brick every day to its future infrastructure,' he wrote. 🎥 Want to see what the ride looks like? Check out the video shared by Dubai Media Office. محمد بن راشد : خلال رحلة من دبي للفجيرة بقطار الاتحاد للركاب .. القطار سيربط بين 11 مدينة ومنطقة في الدولة من السلع للفجيرة .. بسرعة 200 كم/ساعة . وسيسهم بنقل 36 مليون مسافر بحلول 2030 .. وسيبدأ تشغيله العام القادم باذن الله . فخور بمشاريعنا الوطنية .. وفخور بفريق عمل قطارات… — Dubai Media Office (@DXBMediaOffice) August 2, 2025 The Etihad Rail passenger service is expected to officially launch in 2026 and aims to carry 36 million passengers every year by 2030. During the ride, Sheikh Mohammed got an inside look at the progress and engineering behind the project. 'Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Etihad Rail, noted: '(Sheikh Mohammed) has been integral to our journey, witnessing the evolution of our network through its various phases: from the announcement of the 'Projects of the 50' in 2021 to the inauguration of the complete national railway network and the commencement of freight train operations in 2023.' So, what cities will the Etihad Rail connect? Get ready for smoother, faster travel between: Abu Dhabi Dubai Sharjah Ras Al Khaimah Fujairah Al Ain Ruwais Al Mirfa Al Dhaid Ghuweifat (bordering Saudi Arabia) Sohar, Oman (via the Hafeet Rail extension) Where will the stations be? Confirmed stations include: Sakamkam, Fujairah University City, Sharjah Possible upcoming stops are being considered near: Jumeirah Golf Estates Metro Station, Dubai


Arabian Business
2 hours ago
- Arabian Business
Abu Dhabi's IHC to invest $500mn in reinsurance premiums with RIQ
RIQ, the AI-native reinsurance platform launched earlier this year by IHC, in partnership with BlackRock and Lunate, has entered into a preferred reinsurance partnership with IHC, anchored by a targeted allocation of over US$500 million in risk coverage within the coming decade. The partnership represents IHC's commitment to pioneering intelligent capital deployment and transformative risk transfer solutions. By leveraging RIQ's AI-powered infrastructure, IHC aims to enhance the resilience and operational agility of its group companies. The collaboration also aligns with Abu Dhabi's ambition to lead globally in structured reinsurance and financial innovation. 'A strategic investment' Syed Basar Shueb, CEO of IHC, called it 'a strategic investment in the future of resilient infrastructure and industrial agility'. 'This partnership reflects IHC's conviction in the transformative power of intelligent capital and data-driven risk transfer. By aligning with RIQ, we are catalysing the next chapter of Abu Dhabi's evolution as a global center for reinsurance innovation. This is not just a financial commitment, it is a strategic investment in the future of resilient infrastructure and industrial agility,' Shueb said. Headquartered in Abu Dhabi Global Market (ADGM), RIQ will offer a full suite of reinsurance solutions, working closely with IHC and its portfolio companies to structure capital-efficient coverage across complex Specialty and Property and Casualty (P&C) risk classes. Leveraging advanced data modelling and AI-augmented underwriting, the platform is purpose-built to meet the demands of a rapidly evolving risk environment. Seeking regulatory approvals The company is currently in the process of getting regulatory approvals with the Financial Services Regulatory Authority (FSRA) of ADGM, as it moves toward formal authorisation as a reinsurer. Final preparations are also underway for the execution of the reinsurance transaction between IHC and RIQ, which remains subject to regulatory clearance. This transaction will mark a foundational step in RIQ's operational rollout. Mark Wilson, CEO of RIQ, added: 'We are proud to collaborate with IHC in this milestone partnership. RIQ's platform is engineered to deliver intelligent risk solutions at pace, fusing advanced analytics, underwriting discipline, and strategic capital. This announcement marks a defining step in our mission to reshape global reinsurance from Abu Dhabi outward.' RIQ has promised more updates in the coming months, as it executes on its global buy-and-build strategy. With over US$1 billion in equity commitments from IHC and strategic partners BlackRock and Lunate, RIQ aims to ultimately write US$10 billion per year.


Khaleej Times
2 hours ago
- Khaleej Times
UAE: Want to become a finfluencer? Applications for financial literacy programme open
Registration is now open for the Youth Financial Advisors Programme, a four-month intensive training targeting UAE nationals aged 25-32 years old to become certified financial advisors with deep knowledge in financial literacy. Launched by the Federal Youth Authority in partnership with the Central Bank of UAE and Securities and Commodities Authority, the programme comes as financial literacy among UAE residents stands at just 30.7 per cent, significantly below other international players. "Promoting financial literacy among young people is a primary element of our national strategy," said Dr Sultan bin Saif Al Neyadi, UAE Minister of State for Youth Affairs, in a statement. "Enhancing participants' knowledge and capabilities is fundamental to ensure their ability to manage finances, laying foundations for a stable future." Recent studies indicate that 50 per cent of UAE residents spend more than they earn, while over 60 per cent are in debt, primarily due to credit card and personal loan expenses. Young Emiratis, in particular, are facing the brunt of it with males spending around Dh2,000 monthly and females Dh1,656 — significantly higher than their expatriate peers at Dh1,152 and Dh606, respectively. The Youth Financial Advisors Programme addresses these challenges through seven core modules, including financial literacy fundamentals, monetary economics, entrepreneurial finance, and investment strategies. Participants will complete 30+ hours of education over four months, featuring hands-on workshops, financial institution visits, and hackathons designed to inspire innovative solutions. Khaled Mohamed Balama, governor of the Central Bank of UAE, emphasised the initiative's importance, noting in a statement that 'the programme reflects ongoing commitment to train young Emirati professionals, enabling them to actively contribute to establishing a knowledge-based economy." Requirements and how to apply Eligibility requires UAE nationality, university degrees in business, finance, economics, or law, plus a minimum of one year of relevant experience. Candidates without specified degrees need three years of financial services experience. Strong communication skills and Arabic-English proficiency are mandatory. Upon completion, craduates will receive three credentials: a Federal Youth Authority certificate of completion, registration as a Financial Influencer by the SCA, and a Central Bank Financial Literacy Trainer certification. They'll then conduct volunteer training sessions 'to spread the message and build a national network of qualified financial consultants'. Applications are being accepted now through the Federal Youth Authority website, with selection based on academic qualifications, experience, and demonstrated commitment to community financial education.