Tag: United Arab Emirates

Dubai to start robotaxi trials next month in major autonomous push
Technology

Dubai to start robotaxi trials next month in major autonomous push

Editor’s Note: A version of this story appears in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Sign up here. Abu Dhabi, UAE CNN  —  Dubai is rolling out its first round of robotaxis next month, as a part of a plan to alleviate congestion and accidents. Five fully autonomous electric taxis, operated by a General Motors subsidiary called Cruise, will begin test driving on an 8km (5 mile) stretch in the upscale Jumeirah district of the United Arab Emirates city, according to Ahmed Bahrozyan, the CEO of Dubai’s Roads and Transport Authority (RTA). Dubai hopes to become the first Middle Eastern city to introduce driverless taxis, B...
Iran, Saudi Arabia and Egypt among 6 nations to join China and Russia in BRICS economic bloc
Money

Iran, Saudi Arabia and Egypt among 6 nations to join China and Russia in BRICS economic bloc

Iran and Saudi Arabia were among six countries set to join Brazil, Russia, India, China and South Africa in the BRICS economic bloc from next year, the group announced Thursday, in a move that will likely throw more scrutiny on Beijing's political influence in the Persian Gulf.The United Arab Emirates, Argentina, Egypt and Ethiopia are also set to become new members of BRICS from 2024.BRICS was set up in 2009 as a group of emerging market economies and has become one of the leading voices for more representation of the developing world and the Global South in world affairs. Vladimir Putin, Russia's president, speaks by video link on the closing day of the BRICS summit at the Sandton Convention Center in the Sandton district of Johannesburg, South Africa, on Thursday, Aug...
Hopeful of finalising certain FTAs in next few months: Piyush Goyal
Business

Hopeful of finalising certain FTAs in next few months: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Saturday said he is hopeful of India finalising certain free trade agreements (FTAs) in the next few months, which would help promote exports. India is in the final stages of concluding FTA negotiations with the UK. The country is also negotiating similar pacts with Canada and European Union (EU). "We can leverage the free trade agreements with the UAE and Australia and we are hopeful that in the next few months, we will finalise many more free trade agreements to help you grow your business with zero duty on finished leather products and footwear available for you to exploit bigger and better markets," Goyal said while addressing footwear industry representatives here. The minister also asked the industry to focus...