Etihad Rail and DP World have signed an agreement to develop an intermodal rail terminal in Jebel Ali Port.
The Gulf carrier reduced its Airbus A350 order, cancelling aircraft worth $2.3 billion at current list prices.
The low cost carrier recorded a net profit of Dhs49.2 million during the first quarter of the year.
The Dubai-based airline bagged four awards at the Business Traveller Middle East (BTME) Awards 2012.
The airport is increasing measures to cater to the rising number of visitors from the Gulf.
The Abu Dhabi-based private jet operator has partnered with a UK based travel firm to offer luxurious holiday packages.
Emirates Airlines will acquire other carriers at “the right time,” its chairman Sheikh Ahmed Al Maktoum has said.
The low cost carrier is planning to hike ticket prices due to increasing fuel costs, said its CEO, Ghaith al-Ghaith.
Saudi Arabia expects the project to be completed in 2015, the General Authority for Civil Aviation has said.
The airline’s CEO Akbar al Baker expressed concerns about wing cracks on the aircraft.
The Kingdom will grant new airlines licences in September to operate both locally and internationally.
The Dubai-based logistics firm made a first quarter net profit of Dhs61 million this year.
Abu Dhabi International Airport saw 21.2 per cent increase in traffic year-on-year.
Abu Dhabi’s investment fund Aabar is reportedly looking to exit its its stake in the German carmaker.
This is the first time Boeing has signed a direct outsourcing deal for parts production in the Arab region.
The carrier said that the loss was “justified” and blamed it on the rising fuel prices.
Abu Dhabi National Energy Company (TAQA) booked a profit of $113 million on the sale.
Only one creditor has not yet accepted the $2.2 billion debt restructuring plan proposed by the Dubai-based shipbuilding unit.
The British defence contractor said that it had signed a contract to build 48 Typhoon aircraft for the Saudi Arabian air force.
The strong performance of regional airlines in February this year, suggests that the region has now “fully recovered,” said IATA.
The Abu Dhabi -based carrier recorded a 28 per cent year-on-year rise in revenues during the first quarter of this year.
The airline is struggling with rising fuel costs and increasing competition in the region.
Strata, Abu Dhabi’s aerospace parts manufacturer has become a worldwide name in just two years.
The UAE-founded international ports company has cut its debts.
Dubai’s Jebel Ali Free Zone is planning to launch a syndicated loan to partly refinance its $2 billion Sukuk maturing in November.
The port operator has said that it will pay off its loan, which matures in October, six months ahead of schedule.
India-based Kingfisher Airlines, which operates daily flights to Dubai, said that it was cancelling all its international routes.
The strike caused by the carrier’s employees over a pay hike led to the cancellation of 10 flights within a four-hour period.
Despite the threat of regional upheaval and global downturns, the UAE is still the darling of the luxury car industry.
Emirates plans to hire 3,800 new cabin staff this year, taking its total number of in-flight crew to nearly 20,000.
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