Travel from Dubai to Abu Dhabi in 12 minutes using hyperloop

Dubai: Make the Dubai-Abu Dhabi trip in 12 minutes? Or travel to Riyadh from here in 48 minutes? For the people at Virgin Hyperloop One, it is a message that needs repeating as cities and countries search for the next-generation mass transport solutions. It seems to be working. These days, the jaw drops and raised […]

Abu Dhabi National Oil Company’s In-Country Value Programme to drive more than Dh26 billion into UAE economy in 2019

Abu Dhabi: Abu Dhabi National Oil Company (Adnoc) announced its In-Country Value (ICV) Programme has driven more than Dh26 billion back into the UAE economy in 2019, bringing its total ICV spend, to date, to Dh44 billion. The amount that Adnoc and its contractors spend on local products, manufacturing, assembly facilities, services and infrastructure is […]

Mediclinic International reports 4% rise in H1 profit

JOHANNESBURG: Mediclinic International Plc reported a 4% rise in half-year core earnings on Thursday as the company’s Swiss business adjusted to regulatory changes and its South African and Middle Eastern operations performed well. The private healthcare group, listed in London and Johannesburg, said earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 222 million […]

Schlumberger to employ 1,000 Emiratis as part of Adnoc’s In-Country Value Programme

Abu Dhabi: Schlumberger on Wednesday announced that it has signed a memorandum of understanding with the Adnoc to support its In-Country Value (ICV) Programme, which is designed to catalyse socioeconomic development, improve knowledge-transfer and generate jobs for UAE nationals. Through participation in Adnoc’s ICV Programme, Schlumberger plans to recruit and invest in the training of […]

Sales to Uber and Careem help fleet sales overtaken new cars

Dubai: There’s a lot to thank Uber, Careem, ekar and udrive for. And not just for taking someone to and from their destinations in Dubai. Sales to Uber/Careem operators (or “captains” in Careem-speak) and to those pay-by-the-minute car-hiring services such as ekar/udrive have propelled car sales in the UAE this year. Not just these entities, […]