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As there is nothing to see outside, there are no windows. This system could transport 10, passengers per hour in both directions. At the presentation of the model, Abdul Reda Abu Al Hassan, executive director of the RTA, said that the project could be operational within the next five years. Earlier this week, Virgin Hyperloop One announced a similar project, which could connect the Indian cities of Mumbai and Pune, separated by km.
This journey takes more than three hours in a car. The company plans to begin with a six-month feasibility study for a Mumbai-Pune hyperloop, before building a demonstration track.
Showing 1 - 10 of Businesses for sale in Dubai. Businesses for sale in Dubai Need some advice on how to buy a Business, read our 10 Steps to buying a business or let BusinessesForSale. Available on request Net Profit: But such measures have failed to make a major impact and analysts say there is simply insufficient liquidity to sustain three bourses in the UAE - two in Dubai as well as the Abu Dhabi Securities Exchange ADI.
There have been no initial public offerings in more than two years, forcing many brokerages to close and spurring the Dubai and Abu Dhabi governments to discuss a bourse merger. The local equity market is the basic cog in the wheel.
It is unclear whether the merger talks are restricted to consolidating just the Dubai Financial Market and Nasdaq Dubai or whether Borse Dubai's other assets - remaining stakes of 15 percent in Nasdaq OMX and 20 percent of the LSE - are also included.
With the next review slated for June , Dubai has targeted bringing a delivery-versus-payment settlement system by March, to address one of the issues cited by the index provider for keeping the UAE's frontier market classification in The system will make payment and share ownership transfer nearly simultaneous, whereas at present delivery of securities is not related to payment. EFG says this forecast only includes potential foreign inflows and an MSCI upgrade is also likely to pull in more local and regional investors.
Dubai's global bourse hopes end but options remain Nasdaq stake sale reflects shift to local markets, rather than piggybacking onto global bourses.