1MDB: Ex-Malaysia PM Najib Razak gets 12 years in jail

Kuala Lumpur:Update: Malaysian ex-PM Najib sentenced to 12 years’ jail over 1MDB scandal. Earlier report A Malaysia court has ruled former prime minister Najib Razak guilty in the first verdict to come in the series of trials linked to 1MDB. Najib was found guilty on Tuesday of one count of abuse of power in the case […]

US government move on hyperloop will speed up development

Dubai: A US decision that makes super-speed hyperloop projects eligible for government grants and loans “demonstrates increasing confidence that hyperloop has the potential to revolutionize mass-transportation,” according to Sultan bin Sulayem, DP World’s CEO. DP World is the biggest investor in Virgin Hyperloop, a California-based company that has raised more than $400 million (Dh1.46 billion) in investments. […]