Latest news with #RoadsandTransportAuthority
Yahoo
2 days ago
- Business
- Yahoo
Why Pony AI Inc. (PONY) Went Up On Tuesday
We recently published a list of . In this article, we are going to take a look at where Pony AI Inc. (NASDAQ:PONY) stands against other best-performing stocks. Pony AI soared by 22.63 percent on Tuesday to finish at $21.35 apiece following news that it partnered with Dubai's Roads and Transport Authority (RTA) to deploy its advanced robotaxi fleet in the region. Pony AI Inc. (NASDAQ:PONY) said the partnership supports Dubai's 2030 Smart City Vision, which targets to transition 25 percent of its transportation to autonomous mode by 2030. According to the company, initial supervised trials are set to launch in 2025, followed by fully driverless operations in 2026. A group of robotic vehicles navigating a terrain autonomously utilizing the company's 3D vision technology. Additionally, Pony AI Inc. (NASDAQ:PONY) plans to start mass production and deployment of its seventh-generation robotaxis in the second half of 2025, as well as ramp up its robotaxi fleet globally to thousands of vehicles within the next two years. The company also said that it collaborated with industry leaders such as Toyota, GAC Motor, and BAIC Motor to develop its seventh-generation robotaxis. Overall, PONY ranks 1st on our list of best-performing stocks. While we acknowledge the potential of PONY, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PONY and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. 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
Gulf Today
2 days ago
- General
- Gulf Today
Dubai's RTA to open a new entry and exit point to Al Warqa in June
Dubai's Roads and Transport Authority (RTA) is set to open a new entry and exit point to Al Warqa directly from Sheikh Mohammed Bin Zayed Road early June 2025, aiming to facilitate smoother access to and from the neighbourhood. Once complete, the project will increase road capacity by 5,000 vehicles per hour, reduce travel time by 80%—from 20 minutes to just 3.5 minutes—and cut trip distances from 5.7 km to 1.5 km. RTA has also completed traffic improvement works on Street 13 in Al Warqa 1 to serve residents and schoolgoers. These enhancements form part of a broader internal road development project spanning approximately 8 km, designed to improve traffic flow and enhance the efficiency of the local road network, ultimately boosting daily mobility and residents' quality of life. RTA reaffirms its commitment to developing an integrated infrastructure network—encompassing roads, lighting, and stormwater drainage systems—within residential areas, in line with Dubai's urban and population growth objectives. This reflects RTA's dedication to meeting residents' aspirations for a modern urban environment that enhances quality of life, supports sustainable mobility solutions, and ensures the highest standards of comfort and well-being. These efforts align with Dubai's vision of becoming a smart, prosperous city that meets the evolving needs of its residents while ensuring their happiness and stability. Development projects in Al Warqa also include upgrades to the internal road networks in Al Warqa 3 and 4. These works involve road paving, the construction of pedestrian walkways, pavements, and parking spaces, along with the implementation of cycling tracks exceeding 23 km in total length. The goal is to enhance connectivity with neighbouring cycle tracks and promote alternative, sustainable modes of transport. The next phase will include capacity enhancements in Al Warqa 1, involving the conversion of existing roundabouts into signalised junctions with smart traffic lights. This is expected to improve traffic flow by up to 30%. These improvements are scheduled for completion by the end of this year, as per the project timeline. Recently, RTA carried out a series of internal road development works in Al Warqa, including traffic enhancements around the School of Research Science in Al Warqa 4 and near GEMS Royal Dubai School. This included the construction of 150 additional parking spaces and the provision of secured entry and exit points for the new parking areas. These measures have contributed to easing congestion and reducing delay times in the school zone by approximately 35% to 50%. RTA also completed internal roads supporting the Mohammed Bin Rashid Housing Establishment project in Al Warqa 4, which comprises 136 residential villas. The works included pedestrian walkways, pavements, vehicle access points, and a fully integrated lighting system, all aimed at enhancing road safety and improving mobility for residents. In support of sustainable transport, a 7.4 km cycling track was also constructed to encourage cycling for both recreation and as a viable first-and-last-mile transport option. Earlier, RTA held an interactive session with residents and frequent visitors of Al Warqa to highlight key initiatives and development projects in the district. The session also served as a platform for the public to share feedback and observations on infrastructure and the road network. This approach demonstrates RTA's commitment to listening to community voices, addressing their suggestions, and transforming them into practical solutions. The customer engagement session with Al Warqa residents was a key milestone that helped shape a series of development initiatives and projects. These were translated into tangible improvements on the ground, directly enhancing traffic flow and addressing both current and future community needs.
Time Out Dubai
2 days ago
- Time Out Dubai
Dubai traffic: Journey times cut by 80% on Sheikh Mohammed Bin Zayed Road
Travel times on one of Dubai's busiest roads are set to be both quicker and shorter, as a result of the latest Dubai traffic project. The Roads and Transport Authority has revealed that it will open new exit and entry points from Sheikh Mohammed Bin Zayed Road at the start of June. Allowing smoother exit and entry at Al Warqa neighbourhood, the RTA project will increase road capacity by 5,000 vehicles per hour and reduce travel times by 80 percent. Journey times will be reduced from 20 minutes to just 3.5 minutes, and distances have been cut from 5.7km to 1.5km on the busy route. The opening of the entry and exit point at Al Warqa 1 is the latest project making it easier for residents to get around in the neighbourhood. (Credit: RTA) Recently, the RTA completed traffic improvement works on Street 13 to serve residents and schoolgoers. An internal road development spanning approximately 8km, designed to improve traffic flow and make the road network more efficient. The RTA is also set to upgrade the internal road networks in Al Warqa 3 and 4. These works involve road paving, the construction of pedestrian walkways, pavements, and parking spaces, along with the implementation of cycling tracks exceeding 23 km in total length. (Credit: RTA) Al Warqa 1 will also see its existing roundabouts converted into signalised junctions with smart traffic lights, which is expected to improve traffic flow by up to 30 percent. These changes are in addition to a series of recently completed internal road development works in Al Warqa. These improvements include enhancements around the School of Research Science and near GEMS Royal Dubai School. As a result of these measures, congestion and delays in the school zone were cut by between 35 percent and 50 percent. RTA also added pedestrian walkways, pavements, vehicle access points and a fully integrated lighting system to the Mohammed Bin Rashid housing establishment in Al Warqa 4. These efforts are all part of the transport authority's commitment to improving infrastructure in residential areas as the city continues to grow. Spending Eid Al Adha in Dubai? Eid Al Adha 2025: When it is, where to go and what to do The celebrations start here This is how much time off Dubai will get for Eid Al Adha 2025 What you need to know about the upcoming holiday We've found the best Eid Al Adha staycation deals in Dubai Celebrate Eid in style
Filipino Times
2 days ago
- Filipino Times
Dubai Marina marine stations get air-conditioned waiting areas
Dubai Marina's marine transport stations now have fully air-conditioned and modern waiting areas, as the Roads and Transport Authority (RTA) announced the completion of the project's first phase. The new stations include Marina Promenade, Marina Terrace, Marina Walk, Marina Mall, and Marina Mall 1. They are fully equipped with modern facilities and services, such as free internet, live trip information screens, and an audio announcement system for clear communication. These stations feature innovative designs inspired by Dubai's traditional wooden abras, blending modern infrastructure with cultural heritage. The waiting areas are also fitted with surveillance cameras and fire alarm systems to ensure passenger safety. The project aims to better connect residents and visitors to key destinations, such as linking Marina Mall with nearby homes, metro stations, and tram lines, making public transport more convenient and reducing car use. Khalaf Balghzouz Al Zarouni, Director of Marine Transport at RTA, said, 'The Authority has implemented the Dubai Code for People of Determination in the design of waiting areas… such as providing smooth ramps and paths, and designing elevations according to their needs.' He also noted that five more stations are planned for the next phase. 'These stations will be built in accordance with the international standards adopted in the first phase,' Al Zarouni added.
Gulf Insider
3 days ago
- Business
- Gulf Insider
Dubai Metro Blue Line Set To Ease Traffic Congestion In The City
Dubai's Roads and Transport Authority (RTA) has recently launched the Dubai Metro Blue Line project. It marks the landmark expansion of the Dubai's metro network designed to improve urban mobility, reduce road congestion, and support sustainable development. Set to open on September 9, 2029, marking the 20th anniversary of the Red Line which was also opened on September 9, 2009, the 30-kilometre Blue Line will link key residential and commercial areas, ultimately serving nearly one million people. The Dh20.5 billion project was awarded to a consortium of top Turkish and Chinese firms, MAPA, LIMAK, and CRRC, following an international tender process involving 15 global infrastructure specialists. 'The Blue Line marks a major milestone in Dubai's journey toward becoming the world's best city to live in,' said Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors at the RTA. 'This project builds on the outstanding success of the Dubai Metro, which has transported nearly 2.5 billion riders since its launch in 2009 and remains the backbone of the city's public transport system,' he said during the official announcement ceremony of the Blue Line last year. Al Tayer said that the new line supports the Dubai Economic Agenda D33 and the Dubai 2040 Urban Master Plan, offering sustainable mobility solutions that improve quality of life and promote economic growth. The Blue Line will comprise two main routes designed to ensure seamless integration with the existing Red and Green Metro lines. A 21-kilometre section connecting Al Khor (Green Line) to Academic City via 10 stations A 9-kilometre section connecting Centrepoint (Red Line) to International City via 4 stations Route 1 (Green Line connection) Begins at Al Khor Interchange Station on the Green Line in Al Jaddaf and passes through the Dubai Festival City, Dubai Creek Harbour, Ras Al Khor, International City 1, International City (2) and (3), Dubai Silicon Oasis and Dubai Academic City and terminating at Al Ruwaiyah 3 Depot. This line will be 21 kilometres long with 10 stations. Route 2 (Red Line Connection): Route 2 to of the Blue Line starts at Centrepoint Interchange Station on the Red Line in Al Rashidiya and will pass through Mirdif, Al Warqaa and International City (1) where it will connect to Route 1. Total length of this line is 9 kilometres with four stations. 'These routes were carefully selected to connect Dubai's most populous and fastest-growing areas,' Al Tayer explained earlier. 'By linking existing metro lines, we are creating a truly integrated transport network that supports Dubai's vision of a smart, sustainable, and inclusive city,' he added. The Blue Line will introduce several signature elements: A 1.3-km bridge over Dubai Creek, the first of its kind for the Metro A showpiece station at Dubai Creek Harbour, designed by world-renowned architectural firm SOM International City (1) — the largest underground interchange station in the network, covering over 44,000 square meters and handling up to 350,000 passengers daily. It will connect high-density residential and commercial zones, directly serving approximately 1 million residents by 2040. All stations and infrastructure will comply with platinum-grade green building standards, setting a benchmark for eco-friendly transit projects in the region. Easing traffic congestion The Blue Line is expected to reduce traffic congestion by 20% on major corridors, increase property values by up to 25% around metro stations and deliver Dh56.5 billion in economic and environmental returns by 2040. Connect directly to Dubai International Airport, enabling travel times of just 10—25 minutes between key locations. 'The Blue Line is not just about moving people. It is about empowering communities, enhancing connectivity, and supporting sustainable urban growth,' Al Tayer stated. Capacity With a projected capacity of 46,000 passengers per hour in both directions and train intervals of just two minutes, the Blue Line is designed to accommodate 200,000 daily riders by 2030 and 320,000 daily riders by 2040. Upon completion, Dubai's train system, including metro and tram, will span 131 kilometres with 78 stations, solidifying Dubai's position as home to the world's longest driverless metro network. A dedicated train depot will also be constructed in Al Ruwaiyah 3 to support operations and maintenance. Iconic Creek Harbour Station A standout feature of the project is the iconic Dubai Creek Harbour station, designed by renowned architecture firm Skidmore, Owings & Merrill (SOM), the team behind landmarks like the Burj Khalifa and Chicago's Willis Tower. The station will span over 10,800 square metres and serve up to 160,000 passengers per day. Another engineering marvel is the International City (1) station — the metro network's largest underground interchange, designed to accommodate 350,000 daily passengers across more than 44,000 square metres. Key highlights The Blue Line is a 30-kilometre extension of the Dubai Metro network, comprising: 15.5km of underground track 14.5km of elevated track 14 new stations, including 3 interchange stations
