The number of passengers flying on regional airlines in the Middle East increased by 23.4 per cent in February compared to the same period last year as the aviation industry shrugged off the impact of the Arab Spring, according to the latest International Air Transport Association (IATA) monthly report
Logistics
Increased cargo volumes drive DP World profit
DP World reported that full year profit increased by 82 per cent to US$683 million, helped by increased cargo volumes, compared to $375 million in 2010
Abu Dhabi reduces size of metro system
The Department of Transport (DoT) unveiled updated plans for Abu Dhabi?s metro and light-rail transit (LRT) system which reduces the size and scope of the transport network.
Japan to provide US$392mn loan for Egypt's fourth metro line
Japan International Cooperation Agency (JICA) will give Egypt a US$392mn loan to fund the construction of Cairos fourth metro line, Egypts planning minister said.
SAR signs US$147.4mn passenger train contract
Saudi Railway Company (SAR) signed a US$147.4mn deal with Spains Construcciones y Auxiliar de Ferrocarriles (CAF) for the manufacture of passenger trains for the North and South railway.