• Sheikh Theyab bin Mohamed visits Etihad Rail project sites in Sharjah and Fujairah. All photos: AD Media office
    Sheikh Theyab bin Mohamed visits Etihad Rail project sites in Sharjah and Fujairah. All photos: AD Media office
  • The project sites are in the final stages of the second phase of track construction.
    The project sites are in the final stages of the second phase of track construction.
  • Sheikh Theyab, who is chairman of Abu Dhabi Crown Prince's Court, visited the sites with other dignitaries.
    Sheikh Theyab, who is chairman of Abu Dhabi Crown Prince's Court, visited the sites with other dignitaries.
  • The second phase of construction spans 145 kilometres of track.
    The second phase of construction spans 145 kilometres of track.
  • Sheikh Theyab was told about the progress being made on the project.
    Sheikh Theyab was told about the progress being made on the project.
  • The site visits provided plenty of opportunities to record progress.
    The site visits provided plenty of opportunities to record progress.
  • The Etihad Rail network will eventually serve stops from the Saudi border in the west to the Northern Emirates and Oman in the east.
    The Etihad Rail network will eventually serve stops from the Saudi border in the west to the Northern Emirates and Oman in the east.
  • Workers and dignitaries during the visit.
    Workers and dignitaries during the visit.

Etihad Rail: First passenger station to be built in Fujairah


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Etihad Rail plans to build its first passenger train station on the UAE's east coast, it has been announced.

The station is to built in the Sakamkam area of Fujairah, close to the city centre, Abu Dhabi Media Office said on Thursday.

The office reported that Sheikh Theyab bin Mohamed, Chairman of Abu Dhabi Crown Prince’s Court and Chairman of Etihad Rail, visited the 145-kilometre stretch of line that is being built from Sharjah to Fujairah Port and Ras Al Khaimah.

During the visit, which started in Al Suyoh area in Sharjah and ended in Sakamkam, Sheikh Theyab inspected prime landmarks on the project’s route. These included the rail bridge in Al Suyoh area in Sharjah, a stop in Fujairah to visit Al Bithnah bridge and several tunnels that pass through the Hajar Mountains.

The move represents another major step forward for Etihad Rail's network with the railway line between Abu Dhabi and Dubai completed in March.

Once operational, passenger trains will travel at speeds of up to 200 kilometres an hour and can carry about 400 people. The services will link 11 cities and areas across the UAE.

No start date for the passenger service has been made public, but officials have said more than 36 million people will use the service annually by 2030.

Etihad Rail's network runs across the UAE. Photo: Etihad Rail
Etihad Rail's network runs across the UAE. Photo: Etihad Rail

Trains deal signed

Sheikh Theyab, who was accompanied by Suhail Al Mazrouei, Minister of Energy and Infrastructure, also witnessed the signing of a deal between Etihad Rail and Spain’s CAF company for designing, manufacturing, supplying and maintaining passenger trains for the rail project valued at Dh1.2 billion ($326.7 million).

Sheikh Theyab noted the support and guidance of the President, Sheikh Mohamed, for Etihad Rail’s ambitious national project over the past years.

He also lauded the deal, which is a major step forward in the development of the UAE’s passenger service.

"The agreement was signed in Sakamkam area, where the first passenger train station will be built in the heart of Fujairah city," Abu Dhabi Media Office reported.

Passenger service a major step forward

A launch date for the passenger service has not yet been announced, but carriages will be equipped with vital amenities such as Wi-Fi, entertainment systems, charging points and various food and beverages options.

There will also be different seating segments, including first class, business class and economy.

Customers can expect a travel time of 50 minutes between Abu Dhabi and Dubai and about 100 minutes from Abu Dhabi to Fujairah, cutting commutes significantly. Construction of the UAE-wide network is advancing rapidly with close to 70 per cent of the twin-track route built.

The line from Sharjah to the east coast comprises 54 bridges and 20 wildlife crossing points. It also has nine tunnels, which extend for 6.9km through the Hajar Mountains, including the largest heavy freight railway tunnel in the Arabian Gulf that runs for 1.8km.

In November 2021, Etihad Rail completed the excavation works for all rail tunnels in this route, two months ahead of schedule and in compliance with the highest safety and sustainability standards. This was achieved using the latest tunnelling equipment and the best modern technology.

News of the first passenger station comes a day after Etihad Rail posted details of a huge bridge over the Sheikh Zayed Road in Dubai. The bridge will allow carriages to gain access to Jebel Ali Port through a terminal there.

The train will also boost the UAE's sustainability efforts. Carbon emissions will be reduced by 70 to 80 per cent, compared with the amount emitted by lorries, with one single train journey replacing about 300 lorries on the road.

The Etihad Rail route - in pictures

  • Railroad workers preparing tracks at a depot in January 2022. There has been rapid progress on a new line that will eventually carry passengers. All photos: Victor Besa / The National
    Railroad workers preparing tracks at a depot in January 2022. There has been rapid progress on a new line that will eventually carry passengers. All photos: Victor Besa / The National
  • The new Etihad Rail line will connect 11 cities and areas across the UAE from Al Sila in the west to Fujairah in the north.
    The new Etihad Rail line will connect 11 cities and areas across the UAE from Al Sila in the west to Fujairah in the north.
  • Work on the railway at Saih Shuaib.
    Work on the railway at Saih Shuaib.
  • Etihad Rail workers on a railroad overpass along the E77 and E611 highway junction in Dubai.
    Etihad Rail workers on a railroad overpass along the E77 and E611 highway junction in Dubai.
  • The overpass view along the E77 and E611 highway junction.
    The overpass view along the E77 and E611 highway junction.
  • Etihad Rail says stations will celebrate the joy of travelling and designs will speak to regional traditions.
    Etihad Rail says stations will celebrate the joy of travelling and designs will speak to regional traditions.
  • Some of the new stations will be built in the cities but the locations have not been yet announced.
    Some of the new stations will be built in the cities but the locations have not been yet announced.
  • The Abu Dhabi to Dubai line is central to the project.
    The Abu Dhabi to Dubai line is central to the project.
  • The train driver takes the diesel inspection line down the tracks.
    The train driver takes the diesel inspection line down the tracks.
  • The Abu Dhabi to Dubai section of the track runs parallel to the Emirates Road (E611) motorway.
    The Abu Dhabi to Dubai section of the track runs parallel to the Emirates Road (E611) motorway.
  • Newly laid tracks at the Dubai South area.
    Newly laid tracks at the Dubai South area.
  • Railroad workers preparing tracks.
    Railroad workers preparing tracks.
  • An Etihad Rail worker on the Abu Dhabi to Dubai line.
    An Etihad Rail worker on the Abu Dhabi to Dubai line.
  • An Etihad Rail depot at Saih Shuaib.
    An Etihad Rail depot at Saih Shuaib.
  • Passengers will also be able to use park and rides.
    Passengers will also be able to use park and rides.
  • Passengers can expect travel time of 50 minutes between Abu Dhabi and Dubai and about 100 minutes from Abu Dhabi to Fujairah.
    Passengers can expect travel time of 50 minutes between Abu Dhabi and Dubai and about 100 minutes from Abu Dhabi to Fujairah.
  • Construction of the UAE-wide network is advancing rapidly with close to 70 per cent of the twin-track route complete.
    Construction of the UAE-wide network is advancing rapidly with close to 70 per cent of the twin-track route complete.
  • The addition of the passenger rail service marked an important moment for Etihad Rail since its establishment in 2009.
    The addition of the passenger rail service marked an important moment for Etihad Rail since its establishment in 2009.
  • The rail track snakes through the desert.
    The rail track snakes through the desert.
  • An Etihad Rail employee on the inspection line.
    An Etihad Rail employee on the inspection line.
  • Three Etihad Rail workers take a rest, with the inspection train on right.
    Three Etihad Rail workers take a rest, with the inspection train on right.
  • Stage two of the project joins Ghuweifat on the border with Saudi Arabia to Fujairah on the east coast in a line running for about 1,200km.
    Stage two of the project joins Ghuweifat on the border with Saudi Arabia to Fujairah on the east coast in a line running for about 1,200km.
  • The passenger service is expected to carry more than 36 million passengers annually by the end of the decade.
    The passenger service is expected to carry more than 36 million passengers annually by the end of the decade.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Gulf Under 19s final

Dubai College A 50-12 Dubai College B

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Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

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While you're here
Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

Winners

Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)

Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)

Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)

Best Young Women’s Player
Vicky López (Barcelona / Spain)

Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)

Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)

Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)

Women’s Coach of the Year
Sarina Wiegman (England)

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

Profile box

Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Juliot Vinolia’s checklist for adopting alternate-day fasting

-      Don’t do it more than once in three days

-      Don’t go under 700 calories on fasting days

-      Ensure there is sufficient water intake, as the body can go in dehydration mode

-      Ensure there is enough roughage (fibre) in the food on fasting days as well

-      Do not binge on processed or fatty foods on non-fasting days

-      Complement fasting with plant-based foods, fruits, vegetables, seafood. Cut out processed meats and processed carbohydrates

-      Manage your sleep

-      People with existing gastric or mental health issues should avoid fasting

-      Do not fast for prolonged periods without supervision by a qualified expert

Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

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Updated: June 23, 2022, 9:38 AM