DP World posted a record year for container handling, with over 54.7mn TEU handled in 2011, an increase of 10 per cent over 2010.
Logistics
Cargo volumes at Dubai airports jumped in 2011
Dubai International and the new Dubai World Central Al Maktoum International handled 2.3mn tons of cargo in 2011 which was an? increase on the previous year.
Saudi Airlines places US$2.4 billion Boeing order
Saudi Arabian Airlines has placed an order for eight Boeing 777-300ERs valued at US$2.4 billion.
Etihad Rail financing plan cleared
Etihad Rail?s plan to borrow US$1.3 billion to finance part of the construction of a nationwide railway network was approved by the UAE cabinet.
Iraq looking for bidders on US$450mn rail project
Iraq is seeking bidders to compete for a US$450mn monorail project in the southern holy city of Kerbala.