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Logistics (MENA) 
Dubai could get an underground Dubai Loop, courtesy of Elon Musk
The 17-kilometer underground transport system will have 11 stations
THIS MORNING: France, UAE to invest in AI as part of planned strategic partnership
Plus: Construction costs could rise 2-5% in the UAE this year
UAE economy minister denies plans for income tax + Dubai retailer BFL considers IPO to fund growth
PLUS: Adnoc L&S transferred its tankers to Navig8 after acquiring 80% of the firm
ADIB Capital launches European logistics-focused Sharia-compliant fund
The fund will focus on ESG-compliant logistics assets across Western Europe
THIS MORNING: Major roads in Dubai will close starting at 4pm today
PLUS: Time’s up for residency law violators
THIS MORNING: DFM rises to 10-year high + Dubai to introduce real estate tokenization
PLUS: Retail district cooling providers must license with Abu Dhabi DoE by 31 Jan
THIS MORNING: Ajman to regulate petroleum trading and implement sustainable energy measures + Tourism to contribute AED 55 bn to Abu Dhabi’s GDP this year
PLUS: Nol Card now accepted for e-scooter payments in Dubai
RTA awards AED 20.5 bn contract for Blue Metro line development
The line is set to start operating in 2029
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