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.
Logistics
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.
Emirates expands operations in Iraq
Emirates has announced a 75 per cent additional capacity increase between Dubai and Baghdad from the beginning of February, boosting its services to seven flights per week in a move to support Iraqi business segments.
Saudi signs railway contracts worth US$2.3 billion
Saudi?s Finance Minister Ibrahim Al-Assaf signed three contacts worth US$630mn with Saudi Arabian Railway (SAR) to implement various projects for the North-South Railway.
Dubai airport passenger traffic grows 7.8 per cent
Passenger traffic at Dubai International Airport increased by 7.8 per cent during the first 11 months of the year to reach 46.2mn passengers, according to Dubai Airports.