Browsing: Transportation

Dubai’s Roads and Transport Authority (RTA) is set to launch a new weekend-exclusive bus route, W20, beginning on Friday, February 9, 2024.

The Roads and Transport Authority (RTA) in Dubai has revealed its Digital Strategy 2023-2030, featuring 82 projects and initiatives with a total investment of AED 1.6B ($436M).

Dubai is set to embark on an ambitious AED 2.5B ($681M) collaborative effort between the public and private sectors, targeting various transformative transport projects.

Dubai’s Roads and Transport Authority (RTA) has revealed the operational schedule for its services during the 52nd Union Day holiday, impacting various facilities such as customer happiness centres, paid parking zones, public transportation including buses, Dubai Metro and Tram, marine transport, and vehicle technical inspection centres.

Petrol and diesel costs witnessed a significant decline throughout the nation in November, following a hike in October. December 2023, E-Plus 91 was priced at AED 3.13 per litre in November 2022, whereas diesel was set at AED 4.01 per litre. Both are now considerably cheaper, at AED 2.85 per litre and AED 3.42 per litre, respectively. Special 95 and Super 98 are also more economical than in November of the previous year.

The Dubai Taxi Company has officially concluded the bookbuild and public subscription phase for its initial public offering (IPO) on the Dubai Financial Market (DFM). The final price for the IPO was set at AED 1.85, positioned at the upper limit of the previously disclosed Offer Price Range. This decision brings the total offering size to approximately AED 1.2B ($327M).

Adnoc has introduced the first “high-speed” green hydrogen pilot refuelling station in the region to trial a fleet of vehicles powered by hydrogen. The station, operated by Adnoc Distribution in Masdar City, will generate green hydrogen through an electrolyser that runs on clean grid electricity, as stated by the company on Friday.

Dubai’s Roads and Transport Authority (RTA), the Principal Pathway Partner for the 28th Conference of the Parties to the UN Framework Convention on Climate Change (COP28), has revealed a comprehensive strategy to facilitate the movement of delegations and attendees at the conference.

Dubai Taxi Company is gearing up for an initial public offering (IPO), planning to offer nearly a quarter of its stake to investors. This move follows its establishment as a public joint-stock company under a new law by Sheikh Mohammed bin Rashid, aimed at expanding Dubai’s capital markets. The company is slated to offer 624.75 million shares on the Dubai Financial Market, enjoying financial and administrative independence.

Emirates made history with its first flight powered by a blend of sustainable aviation fuel (SAF) from Dubai International Airport last month, a part of the airline’s sustainability efforts. Under a supply agreement with Shell Aviation, the flight to Sydney, EK 412, departed on October 24. Shell Aviation supplied 315,000 gallons of blended SAF to Emirates in Dubai, allowing the airline to operate multiple flights using this sustainable fuel.