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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

Dubai South, Evocargo to start trials for UAE’s first driverless vehicle

A key objective of the trials is to enable Evocargo to modify and redesign EVO.1 specifically for the MENA region. (WAM)
  • The trials will see EVO.1, Evocargo’s unmanned electric logistics vehicle, navigate Dubai South’s Logistics District from December until February 2023.
  • Perfecting electric and driverless truck technology for the region will help it further reduce its carbon footprint and reinforce the city’s green credentials.

Dubai, UAE – Dubai South and Evocargo will launch UAE’s first autonomous vehicle trials for cargo at the master development’s Logistics District.

Media reports said the move is a step towards Dubai’s ambition to become world’s smart mobility hub.

The trials will see EVO.1, Evocargo’s unmanned electric logistics vehicle, navigate Dubai South’s Logistics District from December until February 2023.

A key objective of the trials is to enable Evocargo to modify and redesign EVO.1 specifically for the MENA region.

During the trial period, a remote operator will be stationed onsite in the Control Centre to manage the platform, the reports said.

Dubai South is the emirate’s largest single-urban master development focusing on aviation, logistics and real estate.

When fully implemented, the strategy will help reduce transportation costs by 44 percent or AED900 million.

It will save AED1.5 billion through the reduction of environmental pollution and AED18 billion through raising the efficiency of the transport sector by 20 percent, the reports said.