Middle East airlines see passenger demand up in February
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
DP Worlds profits surged by 82 per cent in 2011. (Image source: DP World)
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
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.
JICA to give Egypt US$392mn loan for its 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 signed a US$147.4mn deal with CAF for the manufacture of passenger trains.
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.
