The proposed rail line between Abu Dhabi, Dubai and Sharjah has received a vote of confidence with a new study coming out showing that there would be high demand for such a service, reported The National.

Abu Dhabi based investment company Waha Capital is taking a 20 per cent stake in Dutch-based aircraft leasing firm AerCap Holdings, in a deal worth around US$380mn.

Dubai Airport Freezone will see its leasable space expanded by up to 90 per cent starting in 2012 that could bring in as many as 1,000 new companies.

Middle East airlines profits are set to quadruple this year to US$400 million, according to a report from the International Air Transport Association (IATA).