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In today’s newsletter:

Discover the latest stories from Arabian Business, compiled by our editorial team. Here's what you missed on Thursday:

Dubai’s Roads and Transport Authority (RTA) and Elon Musk’s The Boring Company (TBC) have signed an MoU to bring the Loop transport system to the emirate. The initial phase will feature a 17km pilot Loop, marking the first step in introducing TBC’s high-speed underground transit network to Dubai.

In addition, the UAE government has begun mapping air corridors and developing regulations for piloted and autonomous air taxis and cargo drones. The General Civil Aviation Authority (GCAA) is working with the Advanced Technology Research Council to complete the framework within 20 months, aiming to integrate aerial mobility into the country’s transport network.

Aside from this, Bentley’s new CEO, Frank-Steffen Walliser, has highlighted the challenges of transitioning the ultra-luxury automotive brand into the electric vehicle era. He described the shift as “the most complex transformation” in the industry’s history, driven more by regulations than consumer demand.

Meanwhile, Saudi Arabia’s LEAP 2025 technology conference concluded in Riyadh with nearly $15bn in signed deals, reinforcing the Kingdom’s role as a global AI and tech investment hub. The event also saw a major announcement for LEAP 2026, as Saudi Arabia continues expanding its digital infrastructure.

Moreover, TASARU Mobility Investments, a Saudi PIF-owned entity, has partnered with Bahri and Germany’s MOSOLF Group to launch a joint venture focused on automotive logistics. The initiative aims to enhance vehicle transport and mobility solutions in Saudi Arabia, supporting the country’s growing automotive sector.

^{Until next time, Sharon Benjamin for Arabian Business}

THE LONGER READ:

The rupee’s sharp decline is likely to drive a further increase in non-resident Indian (NRI) remittances, particularly from the Gulf region

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