Dubai Times

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Thursday, Sep 17, 2026
 العَرَبِيَّة

UAE-Led Investors Back Boring Company in $3 Billion Funding Round

Elon Musk’s tunneling company raised $3 billion at a $23 billion valuation in a round led by UAE investors, with the funding supporting more than 150 kilometers of planned underground infrastructure across the Emirates.
#Elon Musk 
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Related Articles

Abu Dhabi Police Intensify Enforcement Against Dangerous Jaywalking

Traffic authorities have increased patrols and public-awareness efforts after a rise in pedestrian collisions, targeting people who cross major roads outside designated areas.

UAE Reports Zero Fatalities During Accident-Free Day Initiative

More than 385,000 motorists took part in the nationwide road-safety campaign as authorities reported no fatal incidents during the first day of the academic year.

Abu Dhabi Moves Birth and Death Certificates Fully Online

Residents can now generate, download and attest official birth and death documentation through the TAMM digital-government platform, reducing the need for in-person administrati...

Allo Beirut Plans Multi-Branch Expansion Into Iraq

The Dubai-born Lebanese street-food brand has signed a franchise agreement to establish multiple locations in Iraq as it expands beyond its Gulf markets.

Abu Dhabi Grand Prix to Host Its First Formula 1 Sprint in 2027

Yas Marina Circuit will stage its first Sprint weekend at the 2027 season finale as Formula 1 expands the shorter race format to 10 events.

Ferrari Says Gulf Deliveries Remain Manageable Despite Red Sea Disruptions

Ferrari’s regional management says rerouted shipping is causing delays but has not materially disrupted vehicle deliveries to Middle Eastern customers, where demand remains strong.

Etihad Expands Free Stopover Program to Include Al Ain

Etihad Airways is extending its stopover offering beyond Abu Dhabi with complimentary hotel stays and transfers in Al Ain, supporting efforts to spread international tourism acr...

UAE Condemns Houthi Missile and Drone Attacks on Saudi Cities

The Foreign Ministry condemned attacks on civilian facilities in Khamis Mushait, Abha and Taif and reiterated the UAE’s support for Saudi Arabia’s security and sovereignty.

Abu Dhabi Digitizes Holiday-Home Licensing

Tourism authorities have streamlined registration and regulation for short-term rental properties through a digital licensing system intended to make compliance easier for owner...

UAE Allocates $8 Million to Help Chad Confront Food Crisis

President Sheikh Mohamed bin Zayed directed emergency assistance for Chad as El Niño-related conditions worsen food insecurity, malnutrition and pressure on agricultural livelih...

UAE Floating Hospital in Egypt Receives More Patients Evacuated From Gaza

The Emirati medical facility in Al-Arish continues to provide surgical and specialist treatment to Palestinians evacuated from Gaza under the UAE’s Gallant Knight 3 humanitarian...

L’IMAD Raises Stake in AD Ports Group Above 98%

The institutional investor has consolidated near-total ownership of AD Ports Group following a tender process, giving it greater control over the Abu Dhabi logistics company’s f...
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