The International Air Transport Association (IATA)s global passenger traffic results for February 2014 has shown a 13.4 per cent year-on-year increase in growth among Middle Eastern airline carriers
Logistics
Construction begins on US$22.5 billion Riyadh metro
Work on the 178km-long Riyadh metro has commenced with project officials estimating that the rail network should be completed by 2018
Etihad Rail and DB Schenker Rail sign JV to operate UAE?s rail network
Etihad Rail has signed a joint venture (JV) deal with DB Schenker Rail, a unit of Germany?s Deutsche Bahn, to operate and maintain the UAE?s US$11bn rail network
Japan to provide soft loan to Iraq for power and port sector
The Japanese International Cooperation Agency (JICA) has announced that it will provide a soft loan of US$4.5bn to develop power sector and port infrastructure in Iraq
Qatar Airways launches flights to Djibouti
Qatar Airways has announced that it will operate flights three times a week to Djibouti from July 2014