• Etihad Rail's freight network is now operational. It can transport 60 million tonnes of goods a year. All photos: Etihad Rail
    Etihad Rail's freight network is now operational. It can transport 60 million tonnes of goods a year. All photos: Etihad Rail
  • The new freight service has 38 locomotives
    The new freight service has 38 locomotives
  • The freight trains will run up to 120kph, with each locomotive operating at 4,500 horsepower
    The freight trains will run up to 120kph, with each locomotive operating at 4,500 horsepower
  • The locomotives pull a total of 1,000 wagons, transporting goods ranging from shipping containers to industrial material
    The locomotives pull a total of 1,000 wagons, transporting goods ranging from shipping containers to industrial material
  • The tracks cross the UAE and feature 593 bridges
    The tracks cross the UAE and feature 593 bridges
  • The network will contribute Dh200 billion ($54.4 billion) to the UAE economy and save Dh8 billion in road maintenance costs
    The network will contribute Dh200 billion ($54.4 billion) to the UAE economy and save Dh8 billion in road maintenance costs
  • The project also aims to reduce carbon emissions from the road transport sector by 21 per cent by 2050, boosting the country's efforts to become net zero
    The project also aims to reduce carbon emissions from the road transport sector by 21 per cent by 2050, boosting the country's efforts to become net zero

In numbers: Etihad Rail's new freight route


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The Etihad Rail project has taken a step forward after Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, announced the freight part of the 1,200km, UAE-wide network is operational.

Across the network, trains will traverse 593 bridges and nine tunnels that will make up a distance of 6.5km when complete.

While a freight service linking gasfields in Shah and Habshan to Ruwais opened in 2016, the new freight route will connect four major ports and seven logistics centres across the country.

The new freight service will feature 38 locomotives (engines) and more than 1,000 wagons capable of transporting all types of goods from shipping containers to industrial goods, the state news agency Wam reported.

The freight trains will run up to 120kph and each locomotive operates with a power of 4,500 horsepower - equivalent to 3,400 kilowatts - and has been designed to withstand the geographical nature, climatic conditions and high temperatures in the region.

The network will contribute to supporting the UAE economy to a value of Dh200 billion and save Dh8 billion in road maintenance costs. The network’s tourism benefits are estimated at Dh23 billion.

The project also aims to reduce carbon emissions in the road transport sector by 21 per cent by 2050, boosting the country's efforts to become net zero - not adding to the amount of greenhouse gases in the atmosphere - by that year.

Etihad Rail has also announced a passenger service that will link the country's major urban centres. A date for the launch of this service has not been announced yet.

The Etihad Rail line will span approximately 1,200 kilometres, linking 11 cities across the UAE, from the border with Saudi Arabia to Fujairah in the north.
The Etihad Rail line will span approximately 1,200 kilometres, linking 11 cities across the UAE, from the border with Saudi Arabia to Fujairah in the north.

The passenger trains will travel at speeds of up to 200kph, linking 11 cities and areas. Each train will carry about 400 people.

Carriages will be equipped with amenities such as Wi-Fi, entertainment systems, charging points and food and beverages.

There will also be different seating areas, 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.

Once operational, the service is expected to carry more than 36 million people annually by 2030.

The 303km UAE to Oman passenger and freight route, part of the UAE-Oman railway network, aims to bolster trade and tourism opportunities between the Gulf neighbours and the rest of the region.

The passenger service will reduce journey times between Abu Dhabi and Sohar, to the north of Muscat, to 100 minutes, and trips from Sohar to Al Ain to 47 minutes.

It is not yet clear when the Oman project will be completed.

Etihad Rail previews new passenger rail service – in pictures

  • A rendering of a train to be used on the UAE’s new passenger rail service. All Photos: Etihad Rail
    A rendering of a train to be used on the UAE’s new passenger rail service. All Photos: Etihad Rail
  • Passenger cabins are spacious, allowing people to travel in comfort.
    Passenger cabins are spacious, allowing people to travel in comfort.
  • The commercial benefits of moving cargo meant the initial focus was on freight.
    The commercial benefits of moving cargo meant the initial focus was on freight.
  • Now the focus has turned to the passenger network.
    Now the focus has turned to the passenger network.
  • The service will offer a reliable, safe, efficient, comfortable and environmentally friendly way to travel across the region.
    The service will offer a reliable, safe, efficient, comfortable and environmentally friendly way to travel across the region.
  • Etihad Rail is working closely with the Federal Transport Authority and transport authorities throughout the country to develop existing networks to improve passenger connections.
    Etihad Rail is working closely with the Federal Transport Authority and transport authorities throughout the country to develop existing networks to improve passenger connections.
  • Eventually, population centres across the UAE will be connected to neighbouring GCC countries.
    Eventually, population centres across the UAE will be connected to neighbouring GCC countries.
  • Passenger carriages will feature sleek, well-equipped cabins.
    Passenger carriages will feature sleek, well-equipped cabins.
  • Work on Etihad Rail began in 2009.
    Work on Etihad Rail began in 2009.
  • Greenhouse gases will be slashed by more than 2.2 million tonnes a year once the network is fully operational.
    Greenhouse gases will be slashed by more than 2.2 million tonnes a year once the network is fully operational.
  • The new passenger rail service is expected to significantly reduce road congestion and the number of traffic accidents.
    The new passenger rail service is expected to significantly reduce road congestion and the number of traffic accidents.
SPECS

Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now

UAE currency: the story behind the money in your pockets
MATCH INFO

Crawley Town 3 (Tsaroulla 50', Nadesan 53', Tunnicliffe 70')

Leeds United 0 

Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5

The Case For Trump

By Victor Davis Hanson
 

HEADLINE HERE
  • I would recommend writing out the text in the body 
  • And then copy into this box
  • It can be as long as you link
  • But I recommend you use the bullet point function (see red square)
  • Or try to keep the word count down
  • Be wary of other embeds lengthy fact boxes could crash into 
  • That's about it
Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

Indoor Cricket World Cup Dubai 2017

Venue Insportz, Dubai; Admission Free

Day 1 fixtures (Saturday)

Men 1.45pm, Malaysia v Australia (Court 1); Singapore v India (Court 2); UAE v New Zealand (Court 3); South Africa v Sri Lanka (Court 4)

Women Noon, New Zealand v South Africa (Court 3); England v UAE (Court 4); 5.15pm, Australia v UAE (Court 3); England v New Zealand (Court 4)

Squads

Pakistan: Sarfaraz Ahmed (c), Babar Azam (vc), Abid Ali, Asif Ali, Fakhar Zaman, Haris Sohail, Mohammad Hasnain, Iftikhar Ahmed, Imad Wasim, Mohammad Amir, Mohammad Nawaz, Mohammad Rizwan, Shadab Khan, Usman Shinwari, Wahab Riaz

Sri Lanka: Lahiru Thirimanne (c), Danushka Gunathilaka, Sadeera Samarawickrama, Avishka Fernando, Oshada Fernando, Shehan Jayasuriya, Dasun Shanaka, Minod Bhanuka, Angelo Perera, Wanindu Hasaranga, Lakshan Sandakan, Nuwan Pradeep, Isuru Udana, Kasun Rajitha, Lahiru Kumara

ULTRA PROCESSED FOODS

- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns 

- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;

- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces

- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,

- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.

Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5
The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

If you go

The flights

Etihad and Emirates fly direct from the UAE to Chicago from Dh5,215 return including taxes.

The hotels

Recommended hotels include the Intercontinental Chicago Magnificent Mile, located in an iconic skyscraper complete with a 1929 Olympic-size swimming pool from US$299 (Dh1,100) per night including taxes, and the Omni Chicago Hotel, an excellent value downtown address with elegant art deco furnishings and an excellent in-house restaurant. Rooms from US$239 (Dh877) per night including taxes. 

First Person
Richard Flanagan
Chatto & Windus 

MATCH INFO

Champions League quarter-final, first leg

Tottenham Hotspur v Manchester City, Tuesday, 11pm (UAE)

Matches can be watched on BeIN Sports

THE SPECS

Engine: 2.0-litre 4-cylinder turbo

Power: 275hp at 6,600rpm

Torque: 353Nm from 1,450-4,700rpm

Transmission: 8-speed dual-clutch auto

Top speed: 250kph

Fuel consumption: 6.8L/100km

On sale: Now

Price: Dh146,999

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

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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.”

Get Out

Director: Jordan Peele

Stars: Daniel Kaluuya, Allison Williams, Catherine Keener, Bradley Whitford

Four stars

Without Remorse

Directed by: Stefano Sollima

Starring: Michael B Jordan

4/5

MATCH INFO

Juventus 1 (Dybala 45')

Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')

Red card: Rodrigo Bentancur (Juventus)

Updated: February 24, 2023, 10:46 AM