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Logistics

Kuehne + Nagel, one of the worlds leading logistics providers, has relocated its Middle East regional headquarters from Istanbul to Dubai.

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.


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).

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