Hyperloop to become a reality in years, not decades: CEO DP World

• Sultan Ahmed bin Sulayem said India and Saudi Arabia might roll out the transport system first.
• DP World has invested in Virgin Hyperloop, which tested human travel in a hyperloop pod for the first time in 2020.

Iraq’s election: how it works, factions that are likely to dominate

• There are fears voter turnout could drop below the 44.5 percent figure registered in 2018.
• More than 25 million citizens are eligible to vote. They are supposed to present a biometric card for what was conceived as a fully electronic voting process.

Iran, Saudi hold new round of talks in Iraq

• US ally Saudi Arabia and Washington's arch-foe Iran are at odds over many regional issues, including the wars in Yemen and Syria.
• The talks have led to "serious progress" regarding Gulf security, Tehran's foreign ministry spokesperson Saeed Khatibzadeh said on September 23.

ACWA Power final IPO price nearly $15 per share, targets raising $1bn

• Retail offering started on Wednesday and will run until Oct. 1
• ACWA is considering issuing green bonds in 2022 and beyond to raise funds for some renewable energy projects.

Transformative projects focus of new UAE cabinet

• The new strategy comes with the government's previous plan, UAE Vision 2021, through which the emirates has achieved all its goals in the past 10 years, Sheikh Mohammed said.
• Unlike previous 5-10 year cycles, the coming cycles of change will be flexible and six months to two years long, he added.

Arkan launches digital platform

• The platform provides a user interface for B2B procurement management.
• Arkan said the launch in sync with Saudi Arabia Vision 2030.

Facebook may launch digital wallet

• Facebook said in 2019 it planned to introduce a cryptocurrency called Libra, which changed its name to Diem in 2020 after facing regulatory resistance.
• Company says it would have preferred to release Novi alongside Diem, but the latter's timing was uncertain.

IsDB and OIC keen to boost cooperation

• IsDB is organizing a forum in Tashkent on Sept. 2 on post-Covid 19 situation.
• Both institutions will work toward supporting economic and social development in member countries.

Union Properties posts a total profit of AED 32 million in H1

• Contributing most to the positive results was revenues from customer contracts.
• Financing costs witness a significant decrease of 32 percent in H1 compared to the same period in 2020.

Lebanon prez holds consultations to pick new PM