Latest news with #AhmedBahrozyan
Zawya
a day ago
- Business
- Zawya
Dubai's RTA highlights upcoming Al Quoz Community projects
The Customer Council of Dubai's Roads and Transport Authority (RTA) held a discussion session with residents and frequent visitors of the Al Quoz area to familiarise them with RTA's plans for traffic and infrastructure development, as well as the expected improvements and related impacts. During the session, RTA also shared details of upcoming projects slated for 2025, including Phase Two of the Latifa bint Hamdan Corridor Development Project, Al Meydan Street Development Project, Umm Suqeim Street Upgrade and enhancements on Al Marabea' Street. The session is part of RTA's ongoing efforts to strengthen direct communication channels between the community and government officials. It also served as a platform for Al Quoz residents to share their feedback and suggestions regarding the development of major road corridors, paving of internal streets, and installation of lighting in residential neighbourhoods. Ahmed Bahrozyan, CEO of the Public Transport Agency and First Vice Chair of the Customers Council at RTA chaired the session. Also in attendance were Hussain Al Banna, CEO of the Traffic and Roads Agency, and Meera Ahmad Al Shaikh, Director of Customer Happiness, along with several directors and officials from various RTA agencies and sectors responsible for road and infrastructure development across Dubai. Fahad Sulaiman Arab, Deputy Director and Manager of Roads Construction at the Traffic and Roads Agency, highlighted the recent upgrades on First Al Khail Road and Phase One of Latifa bint Hamdan Street. He also outlined the resulting improvements in traffic flow and road safety. During the session, Al Quoz residents discussed RTA's upcoming infrastructure works, particularly along Al Asayel Street, Al Waha Street, and Al Meydan Street. Discussions also covered internal road works such as paving, pedestrian walkways, resident parking, speed humps, and pedestrian bridges, all designed to improve road safety in the area. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
2 days ago
- Business
- Trade Arabia
RTA highlights upcoming Al Quoz Community projects
The Customer Council of Dubai's Roads and Transport Authority (RTA) held a discussion session with residents and frequent visitors of the Al Quoz area to familiarise them with RTA's plans for traffic and infrastructure development, as well as the expected improvements and related impacts. During the session, RTA also shared details of upcoming projects slated for 2025, including Phase Two of the Latifa bint Hamdan Corridor Development Project, Al Meydan Street Development Project, Umm Suqeim Street Upgrade and enhancements on Al Marabea' Street. The session is part of RTA's ongoing efforts to strengthen direct communication channels between the community and government officials. It also served as a platform for Al Quoz residents to share their feedback and suggestions regarding the development of major road corridors, paving of internal streets, and installation of lighting in residential neighbourhoods. Ahmed Bahrozyan, CEO of the Public Transport Agency and First Vice Chair of the Customers Council at RTA chaired the session. Also in attendance were Hussain Al Banna, CEO of the Traffic and Roads Agency, and Meera Ahmad Al Shaikh, Director of Customer Happiness, along with several directors and officials from various RTA agencies and sectors responsible for road and infrastructure development across Dubai. Fahad Sulaiman Arab, Deputy Director and Manager of Roads Construction at the Traffic and Roads Agency, highlighted the recent upgrades on First Al Khail Road and Phase One of Latifa bint Hamdan Street. He also outlined the resulting improvements in traffic flow and road safety. During the session, Al Quoz residents discussed RTA's upcoming infrastructure works, particularly along Al Asayel Street, Al Waha Street, and Al Meydan Street.
Arabian Business
2 days ago
- Business
- Arabian Business
Pony.ai to launch Dubai robotaxi trials in 2025
will launch a fleet of self-driving robotaxis in Dubai. The motoring firm has entered a Memorandum of Understanding (MoU) with Dubai's Roads and Transport Authority (RTA) to deploy its advanced robotaxi fleet in the region. The collaboration underscores commitment to advancing autonomous driving technology in one of the world's most dynamic metropolitan hubs. robotaxis in Dubai Ahmed Bahrozyan, CEO of Public Transport Agency at RTA, said: 'The collaboration with marks another significant milestone in advancing Dubai's Self-Driving Transport Strategy. This partnership is integral to our goal of transforming 25 per cent of all journeys in the city into autonomous trips by 2030, reinforcing Dubai's position as a global leader in autonomous mobility and innovation. 'We are excited to work with a pioneer in autonomous driving technology, to further enhance the integration of smart transport solutions in Dubai.' Dr. Leo Wang, CFO of said: 'Dubai stands at the forefront of intelligent urban mobility innovation, and we are honoured to collaborate with RTA on this transformative initiative. 'By combining our proven autonomous driving technology and extensive fleet operation experience, we are committed to accelerating Dubai's transition to autonomous transportation.' Aligned with Dubai's 2030 Smart City Vision, which targets transitioning 25 per cent of the city's transportation to autonomous mode by 2030, the collaboration will introduce autonomous driving technology through a multi-phase rollout. Initial supervised trials are set to launch in 2025, followed by fully driverless operations in 2026. As a global leader in autonomous mobility solutions, plans to start mass production and deployment of its seventh-generation robotaxis in the second half of 2025. This initiative is expected to lay a robust foundation for the company's global expansion. The company aims to ramp up its robotaxi fleet globally to thousands of vehicles within the next two years, positioning 2025 as the inaugural year for large-scale commercial deployment. This accelerated timeline is enabled by technological maturity, vehicle engineering, and operational readiness. seventh-generation autonomous driving system, recently showcased at Auto Shanghai 2025, exemplifies this technological readiness. For vehicle production, collaborates with industry leaders including Toyota, GAC Motor, and BAIC Motor to develop its seventh-generation robotaxis. Mass deployment is slated for later this year following the vehicles' successful debut in Shanghai in April. The company has established a comprehensive robotaxi operation system featuring fully automated processes from vehicle dispatch to service conclusion. In China, was the first autonomous driving company to offer fully driverless ride-hailing services across Beijing, Shanghai, Guangzhou, and Shenzhen. Its fleet of around 300 Robotaxi vehicles serves key hubs such as Beijing South Railway Station and Guangzhou Baiyun International Airport, while navigating complex environments such as Shenzhen's densely populated Nanshan District, demonstrating scalable solutions adaptable to global urban environments. Wang said: 'We've built up real expertise in robotaxis from years of operations in China, and now we're bringing that know-how to Dubai. Our goal is to give residents and visitors here driverless tech that's not just greener and safer, but genuinely makes getting around this city easier for everyone'. Long-term plans include integrating robotaxi services with Dubai's multimodal transport network encompassing metro, tram, and maritime routes to create a future where autonomous vehicles complement existing infrastructure, enabling smoother journeys and reducing the city's carbon footprint. To date, has secured robotaxi testing permits across four major markets, including: United States China South Korea Luxembourg
Globe and Mail
3 days ago
- Business
- Globe and Mail
Why Shares of Pony AI Are Surging Today
Shares of the Chinese autonomous driving company Pony AI (NASDAQ: PONY) traded roughly 12% higher as of 10:21 a.m. ET today. The company announced that it has entered a memorandum of understanding with Dubai's Roads and Transport Authority (RTA) to use the company's self-driving vehicles in the region. Another partnership Since Pony AI debuted its seventh-generation autonomous driving system at an auto show in Shanghai earlier this year, investor interest has surged, and the company has seen a flurry of good news. Pony AI announced a partnership with Uber earlier this year and now one with Dubai, which has shown significant interest in full self-driving vehicles. RTA CEO Ahmed Bahrozyan said in a statement: This partnership is integral to our goal of transforming 25% of all journeys in the city into autonomous trips by 2030, reinforcing Dubai's position as a global leader in autonomous mobility and innovation. We are excited to work with a pioneer in autonomous driving technology, to further enhance the integration of smart transport solutions in Dubai. The partnership aims to start supervised trials this year and then move to fully driverless by 2026. Pony AI is planning to start producing its new robotaxis at scale in the back half of 2025, which will lay the groundwork for global expansion. Pony AI also said its fleet will encompass thousands of vehicles within the next two years. Progressing nicely Investors seem to be quite impressed with the autonomous technology, which Pony AI can now make at a much lower cost than before. The new partnerships are a testament to the company's success. However, with Pony AI trading at a roughly $6.9 billion market cap and still operating at a loss, it's probably too early to go all in just yet. Investors can begin accumulating shares, but should keep positions smaller for now. Should you invest $1,000 in Pony Ai right now? Before you buy stock in Pony Ai, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Pony Ai wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor 's total average return is957% — a market-crushing outperformance compared to167%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 19, 2025
Yahoo
3 days ago
- Business
- Yahoo
Why Shares of Pony AI Are Surging Today
Pony AI just announced a new partnership to deploy its autonomous vehicles. The company's seventh-generation self-driving system is gaining traction. 10 stocks we like better than Pony Ai › Shares of the Chinese autonomous driving company Pony AI (NASDAQ: PONY) traded roughly 12% higher as of 10:21 a.m. ET today. The company announced that it has entered a memorandum of understanding with Dubai's Roads and Transport Authority (RTA) to use the company's self-driving vehicles in the region. Since Pony AI debuted its seventh-generation autonomous driving system at an auto show in Shanghai earlier this year, investor interest has surged, and the company has seen a flurry of good news. Pony AI announced a partnership with Uber earlier this year and now one with Dubai, which has shown significant interest in full self-driving vehicles. RTA CEO Ahmed Bahrozyan said in a statement: This partnership is integral to our goal of transforming 25% of all journeys in the city into autonomous trips by 2030, reinforcing Dubai's position as a global leader in autonomous mobility and innovation. We are excited to work with a pioneer in autonomous driving technology, to further enhance the integration of smart transport solutions in Dubai. The partnership aims to start supervised trials this year and then move to fully driverless by 2026. Pony AI is planning to start producing its new robotaxis at scale in the back half of 2025, which will lay the groundwork for global expansion. Pony AI also said its fleet will encompass thousands of vehicles within the next two years. Investors seem to be quite impressed with the autonomous technology, which Pony AI can now make at a much lower cost than before. The new partnerships are a testament to the company's success. However, with Pony AI trading at a roughly $6.9 billion market cap and still operating at a loss, it's probably too early to go all in just yet. Investors can begin accumulating shares, but should keep positions smaller for now. Before you buy stock in Pony Ai, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Pony Ai wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor's total average return is 957% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Uber Technologies. The Motley Fool has a disclosure policy. Why Shares of Pony AI Are Surging Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
