First passengers travel safely on Hyperloop in historic test ride in the US

Dubai: Virgin Hyperloop made history today as the first people successfully travelled in a Hyperloop pod. The significant investment made by Dubai-based DP World,in the research and development of hyperloop technology, has played an instrumental role in today’s milestone. Sultan Ahmed bin Sulayem, Chairman of Virgin Hyperloop and Group Chairman and CEO of DP World, […]

Dubai’s DMCC sets up office in Shenzen to tap ‘new wave’ of business opportunities

Dubai: A free zone in Dubai has moved quickly to try and win new businesses from China, with the launch of a representative office in Shenzen. DMCC (Dubai Multi Commodities Centre) expects this to bring on a “new wave” of opportunities coming to Dubai. DMCC is already home to 544 Chinese companies, representing nearly 10 per cent […]

Korean drugmaker seeks approval for COVID-19 antibody treatment after trial shows it is ‘well-tolerated’

South Korean biopharmaceutical firm Celltrion said its COVID-19 antibody drug, CT-P59, was well-tolerated without significant safety issues in the study population of its ongoing Phase 1 clinical trial. “Trial results indicate treatment with CT-P59 resulted in at least 44% faster recovery time when compared with placebo,” the company said in a statement. Celltrion added that […]