logo
Sheikh Mohammed boards Etihad Rail passenger train for journey between Dubai, Fujairah

Sheikh Mohammed boards Etihad Rail passenger train for journey between Dubai, Fujairah

Zawyaa day ago
DUBAI: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, reviewed the progress of Etihad Rail and embarked on a passenger train journey between Dubai and Fujairah.
The visit reflects his commitment to personally overseeing strategic infrastructure projects that serve all regions of the country and ensuring their alignment with the UAE's national development goals for the next phase.
This journey marks a historic milestone and a pivotal phase in the development and operation of the UAE's national railway network, with the passenger train expected to commence commercial operations in 2026.
Speaking on the occasion, H.H. Sheikh Mohammed bin Rashid said the Etihad Rail project is one of the most significant infrastructure undertakings in the UAE, with wide-ranging economic, social, and developmental impact.
'Etihad Rail is a vital economic artery that supports the UAE's journey to the future,' he said. 'It is a key pillar in our vision to build an integrated transport network that strengthens the UAE's position as a leading logistics hub, while facilitating the movement of people and goods.'
H.H. Sheikh Mohammed bin Rashid added that the project reflects the spirit of the Union, supports national aspirations, and strengthens sustainability, connectivity, and quality of life across all emirates. He expressed his appreciation for the team behind the project, describing their efforts as a source of pride and a vital contribution to building an advanced sustainable transport system.
During the visit, H.H. Sheikh Mohammed was briefed by the Etihad Rail team on the progress and milestones of the project. The team expressed their pride in hosting His Highness and described the journey as a historic moment that inspires continued commitment to delivering a world-class national rail network.
This landmark journey embodies the UAE's vision for a connected and sustainable future, reinforcing the nation's ongoing investment in transformative infrastructure that links the emirates, strengthens social cohesion, and improves access between key destinations across the country. The passenger train will enhance everyday mobility, empower communities, and serve as a catalyst for tourism and social development within the UAE.
H.H. Sheikh Mohammed bin Rashid Al Maktoum was welcomed by a delegation from Etihad Rail, led by Saeed AlAhbabi, Chief Business Support Officer, along with several senior company executives.
Commenting on the visit, H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Etihad Rail, said, 'We had the honour of hosting His Highness Sheikh Mohammed bin Rashid Al Maktoum aboard a passenger train journey between the emirates of Dubai and Fujairah. This exemplifies the unwavering commitment of the UAE's visionary leadership to support national projects that propel the progress of our nation. He 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. Today, we stand on the cusp of a transformative era in the UAE's transportation landscape and take immense pride in and deeply appreciate the support we have received for this national project. This is a project that drives us towards a brighter future by strengthening connectivity and economic integration across the UAE, thus, serving the nation's interests and enhancing its competitiveness on the global stage.'
The passenger stations in Dubai and Fujairah will serve as key hubs within the national railway network once operations commence next year. The national project, developed and operated by Etihad Rail, will provide a safe, advanced, and sustainable mode of transport, strengthening the connectivity between different regions of the UAE. It is designed to offer citizens, residents, and visitors a fully integrated travel experience, built to the highest standards of comfort, reliability, and operational excellence. The project also reinforces the UAE's pioneering role in transport and rail innovation, establishing a new regional benchmark for sustainable mobility and infrastructure development.
The UAE's passenger rail project, a key pillar of the country's national railway network, is among the region's most ambitious and forward-looking transport initiatives. It embodies a unified vision for integrated mobility and logistics, fully aligned with the UAE's national transport strategies.
Once operational, the passenger service will seamlessly connect 11 cities and regions, from Al Sila to Fujairah, linking key urban centres and communities across the emirates. The project reflects the UAE's commitment to unity, connectivity, and sustainability, while advancing the national drive toward net zero emissions by 2050. Together, Etihad Rail's freight and passenger services are transforming how people and goods move across the country, setting a new benchmark for safe, efficient, and eco-friendly transport in the region.
Etihad Rail continues to advance preparations for the launch of passenger operations with the highest levels of efficiency, quality, and operational readiness. Trains will operate at speeds of up to 200 km/hr, with the first four passenger stations located in Abu Dhabi, Dubai, Sharjah, and Fujairah. These strategic hubs will enhance accessibility, reduce travel times, and strengthen social and economic ties between communities, contributing to a higher quality of life across the nation. Each train is expected to accommodate up to 400 passengers, with annual ridership projected to reach 36.5 million passengers annually by 2030.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Dubai Centre for Family Businesses introduces three advisory services
Dubai Centre for Family Businesses introduces three advisory services

Zawya

time11 minutes ago

  • Zawya

Dubai Centre for Family Businesses introduces three advisory services

DUBAI - The Dubai Centre for Family Businesses, which operates under the umbrella of Dubai Chambers, has launched three new specialised advisory services to support the sustainable growth of family businesses. The initiative aims to strengthen the governance of family-owned enterprises operating in Dubai, enhancing their future readiness and enabling them to navigate the evolving economic landscape, overcome challenges, and capitalise on promising opportunities. The new services reflect the Dubai Centre for Family Businesses' ongoing commitment to enhancing the economic contribution of family businesses in support of Dubai's future development plans. The centre aims to strengthen the competitiveness of this vital sector by safeguarding its interests, streamlining operations, and investing in leadership development to ensure long-term sustainability. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented, 'Family businesses remain a vital engine of growth, diversification, and innovation within Dubai's economy. Ensuring their continued success is essential to enhancing the emirate's competitiveness and driving sustainable long-term growth." He added that the centre is committed to empowering these companies to navigate economic developments and embrace global best practices, which contributes towards strengthening the local private sector and reinforcing Dubai's position as a global hub for trade and investment. The first new service is the Current-State Assessment & Family Constitution Review, which offers an in-depth evaluation of a family business's current governance framework. This includes a thorough review of existing Family Constitutions, leveraging the centre's automated Family Business Governance Assessment Tool to evaluate the maturity of their governance processes against regulatory requirements, leading industry practices, and global standards. This service assesses governance frameworks, identifies gaps and risks, encourages alignment among stakeholders, and provides tailored recommendations for enhanced governance and long-term growth. The second service, Family Constitution Drafting, provides a strategic roadmap for family businesses, outlining policies, governance structures, and decision-making processes crucial for long-term sustainability. The centre will assist in drafting these vital documents, drawing insights from interviews with family members and key stakeholders. Through facilitated workshops and discussions, the service ensures alignment and buy-in from all family members, designing a document that captures their collective vision and values, alongside clear nomination, eligibility criteria, and decision-making processes relevant to the organisation's governing bodies. This service defines roles and responsibilities, formalises shared vision and values, fosters open dialogue, and establishes clear rules to prevent future conflicts. The third new service is the Family Office Blueprint service, which guides families in establishing a private platform dedicated to managing their wealth, investments, and personal affairs. The centre facilitates workshops designed to enhance understanding of Family Offices, supporting families in defining their specific objectives, the range of services it will provide, and the necessary staffing requirements. This service clarifies the purpose, scope, and strategic goals of a Family Office, explores the full range of services for wealth management and legacy planning, and identifies the key skills and roles required for an effective Family Office structure.

CORRECTION: Blockchain Fintech Shiga Digital Empowers African Businesses with Digital Finance Tools
CORRECTION: Blockchain Fintech Shiga Digital Empowers African Businesses with Digital Finance Tools

Zawya

time11 minutes ago

  • Zawya

CORRECTION: Blockchain Fintech Shiga Digital Empowers African Businesses with Digital Finance Tools

Shiga Digital ( a fast-growing fintech company focused on blockchain-based financial applications, is redefining how pan-African businesses access and interact with modern financial services while unlocking the transformative potential of blockchain finance to empower Africa's economic growth. Shiga Digital has recently been awarded the prestigious DIFC (Dubai International Financial Centre) Innovation License, marking a significant regulatory milestone that underscores the company's commitment to operating within a robust and well-respected regulatory framework. The additional license, overseen by the Dubai Financial Services Authority (DFSA), provides Shiga Digital with enhanced credibility and regulatory certainty as it continues to expand its blockchain-based financial services across Africa. The DIFC Innovation License positions Shiga Digital within one of the world's leading financial centers, offering access to a sophisticated ecosystem of banks, asset managers, and financial service providers while operating under a clear regulatory framework specifically designed for virtual assets and blockchain technology. This achievement reinforces the company's dedication to compliance and building trust with stakeholders across the continent. Shiga Digital's platform was built specifically for African businesses seeking alternatives to legacy financial systems. By integrating blockchain-based tools, the company simplifies payments, enables faster cross-border trade, offers treasury management solutions, and provides transparent access to stable, secure digital finance. As a professional partner, Shiga Digital makes it easy for companies to start using blockchain technology, removing the traditional barriers that have made it difficult for businesses to leverage these powerful tools without an intermediary. The blockchain enables remarkable efficiency in critical business areas including payment processing, cross-border transactions, treasury operations, and financial reporting. However, in its current state, without an intermediary like Shiga Digital, it remains very difficult for most businesses to effectively leverage blockchain technology. This is precisely why Shiga Digital's solutions have become the go-to choice for forward-thinking African companies. Shiga Digital's capabilities were recently further boosted by a significant investment and formation of a strategic partnership with Tether, the largest company in the digital asset industry. This move signals growing international confidence in Africa's fintech potential and Shiga Digital's innovative approach to making blockchain finance accessible across the continent. The company is now uniquely positioned to help grow blockchain adoption among both customers and regulators alike, thanks to its deep understanding of African markets, regulatory compliance expertise, and commitment to building locally relevant solutions. By partnering with licensed financial transmitters in each of its markets, Shiga Digital ensures its services are fully compliant and aligned with applicable regulatory requirements, fostering trust and confidence among stakeholders. "Africa is on the cusp of a financial transformation, and at Tether, we believe in being more than just observers; we are active enablers," said Paolo Ardoino, Chief Executive Officer at Tether. "Our strategic alliance with Shiga Digital is rooted in a shared belief that access to stable, secure, and scalable financial tools should not be a privilege, but a right. This partnership represents a long-term commitment to equipping African businesses with the technology and infrastructure needed to thrive in an increasingly digital global economy. Together, we are unlocking new pathways for growth and innovation and helping to shape a more inclusive financial future for the continent." "At Shiga Digital, we're not just developing technology, we're building the infrastructure that will power Africa's financial future," added Abiola Shogbeni, Co-Founder and Chief Executive Officer at Shiga Digital. "Our mission is to level the financial playing field by equipping African businesses with blockchain tools that are intuitive, reliable, and locally relevant. We've experienced firsthand how seamless financial services can be in developed markets, and our goal is to make that a reality on the African continent as well. The opportunity before us is immense, blockchain finance has the power to empower Africa in unprecedented ways, and we're working tirelessly to enable this transformation for our customers." "What sets Shiga Digital apart is not just what we're building, but why and how we're building it – blockchain-based technology that makes digital finance accessible and relevant to African businesses," said Dami Etomi, Co-Founder and Chief Operating Officer at Shiga Digital. "Our partnership with Tether is more than financial backing; it's a strategic alliance rooted in a shared commitment to empowering the future of digital finance in Africa. The DIFC Innovation License further validates our approach and commitment to regulatory excellence. Together, we're co-creating solutions and scaling impact to ensure African businesses are not only included but thrive in the global digital economy." The company's end-to-end platform, available via offers businesses a reliable alternative to traditional banking systems, enabling seamless cross-border trade, simplifying stablecoin payments, providing comprehensive treasury management capabilities, and offering access to secure digital asset investments. By combining global technical standards with local insights, Shiga Digital's unique perspective enables the fintech to deliver intuitive and effective tools specifically designed for businesses across the African continent which can be accessed via web application and will soon be available via mobile app for iOS and Android devices. Aligning with its vision of a world where financial freedom is not a privilege but a fundamental right, Shiga Digital's innovative solutions are empowering African businesses with cutting-edge digital financial tools that harness the full potential of blockchain technology to drive economic growth and prosperity across the continent. Distributed by APO Group on behalf of Shiga Digital. Contact: Daniel Okechukwu +2348067499714 daniel@ About Shiga Digital: Shiga Digital is an international fintech company specialising in the development of cutting-edge applications utilising blockchain and AI technology. The company is dedicated to bridging the gap between traditional finance and blockchain, enabling users to access blockchain-powered financial services from anywhere, at any time. Founded in 2021, Shiga Digital provides innovative solutions to clients in over 15 countries worldwide, making digital finance more accessible and efficient for both businesses and individuals through professional partnership and expert guidance in blockchain adoption. If you are a business looking to understand more about how you can start to securely leverage blockchain technology, you can speak to us at product@ or contact us through the form at

As Family Firms fuel 60% of GCC GDP, Pearl Initiative and Landmark Group spotlight the role of corporate governance in sustaining growth
As Family Firms fuel 60% of GCC GDP, Pearl Initiative and Landmark Group spotlight the role of corporate governance in sustaining growth

Zawya

time11 minutes ago

  • Zawya

As Family Firms fuel 60% of GCC GDP, Pearl Initiative and Landmark Group spotlight the role of corporate governance in sustaining growth

Nisha Jagtiani, Group Director and Board Member at Landmark Group, shared the company's journey in building strong governance to support growth and generational transition across 2,500+ stores. With family businesses contributing 60% of GCC GDP, the session highlighted practical strategies for resilience, succession, and legacy. The Pearl Initiative's inaugural webinar explored how aligning family values with structured governance enables long-term success. Sharjah, UAE – Pearl Initiative, a leading non-profit organisation dedicated to advancing corporate governance in the Gulf region, successfully launched a new fire-side series, titled 'From Vision to Practice: Governance Talks with Family Business Pioneers', with the first edition featuring Nisha Jagtiani, Group Director and Board Member of the Landmark Group. In a compelling and candid conversation, Nisha reflected on the governance journey of one of the Middle East's most prominent family-owned enterprises, offering actionable insights for family firms navigating the complexities of growth and continuity. Family businesses form the backbone of the Gulf Cooperation Council (GCC) economy, contributing approximately 60% of GDP and employing over 80% of the workforce. With 90% of the private sector in the UAE and Saudi Arabia comprising family-owned businesses, robust governance frameworks are vital to sustaining their economic impact. Nisha Jagtianishared how the company has institutionalised governance to ensure resilience across its 2,500 stores in the Middle East, North Africa, India, and Southeast Asia. During the session, Nisha emphasised the importance of aligning family values with professional governance structures. 'Governance isn't just about rules; it's about creating a shared vision that sustains the business and the family legacy,' she said. She highlighted how the Landmark Group, a retail powerhouse in the $808.51 billion MENA retail market, has implemented clear board structures, transparent decision-making processes, and ethical standards to balance growth with long-term stability. Key outcomes included practical strategies for managing family dynamics, such as establishing independent boards and succession planning, which have helped Landmark Group navigate challenges whilst maintaining its competitive edge. The discussion also underscored the role of governance in fostering innovation and adaptability. Nisha explained how the Landmark Group's commitment to robust governance practices has strengthened stakeholder trust, enabling the company to thrive in a retail sector projected to grow to $855.97 billion in 2025. She cited the Group's omnichannel strategy as a testament to how governance supports agility, allowing the business to meet evolving consumer demands in a digitally driven market. Ralph Choueiri, Executive Director of the Pearl Initiative, stated 'This series was created to bring real, lived experience to the forefront. There's enormous value in hearing directly from leaders who have faced governance challenges head-on and emerged stronger. Nisha's openness and insight were a powerful reminder that governance isn't just about control, but it's about enabling growth with purpose.' Hosted as part of Pearl Initiative's Governance in Family Firms Programme, the webinar reinforced the organisation's mission to empower family businesses with best practices in corporate governance. The session attracted a diverse audience of family business leaders, and industry experts, sparking a lively exchange on the opportunities and challenges of governance in family firms. Through an engaging and in-depth dialogue, the session explored Landmark Group's governance journey highlighting the complexities and opportunities of balancing growth with family continuity. Attendees left with practical takeaways from key governance strategies and mechanisms to leveraging data-driven decision-making to ensure their businesses thrive in a dynamic economic landscape. About the Pearl Initiative The Pearl Initiative is the Gulf region's leading independent, non-profit organisation working to promote the business case for a corporate culture of accountability and transparency. Established in 2010 by regional business leaders in cooperation with the United Nations Office for Partnerships, the Pearl Initiative is the only private, non-profit Gulf business network to receive special consultative status from the United Nations Economic and Social Council. The Pearl Initiative runs a series of corporate governance related programmes, including Anti-Corruption Best Practices, Diversity in Business Leadership, Governance in MSMEs, Governance in Family Firms, Governance in Tech, and Governance in Philanthropy. The organisation also conducts locally relevant research, hosts workshops and executive education training sessions, and convenes business leaders, policymakers, students, and non-profit executives to encourage a proactive approach to implementing best practices in the workplace across the Gulf region.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store