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Jebel Ali Port To Get Rail Terminal

Etihad Rail and DP World have signed an agreement to develop an intermodal rail terminal in Jebel Ali Port.

Etihad Cancels Seven Airbus A350-1000s

The Gulf carrier reduced its Airbus A350 order, cancelling aircraft worth $2.3 billion at current list prices.

Air Arabia Posts 11% Hike In Q1 Net Profit

The low cost carrier recorded a net profit of Dhs49.2 million during the first quarter of the year.

Emirates Scoops Accolades At BTME Awards

The Dubai-based airline bagged four awards at the Business Traveller Middle East (BTME) Awards 2012.

Heathrow’s Arabic Speaker Hiring Spree

The airport is increasing measures to cater to the rising number of visitors from the Gulf.

Royal Jet Starts Luxury Travel Services

The Abu Dhabi-based private jet operator has partnered with a UK based travel firm to offer luxurious holiday packages.

Emirates May Acquire Other Airlines

Emirates Airlines will acquire other carriers at “the right time,” its chairman Sheikh Ahmed Al Maktoum has said.

Flydubai Plans To Raise Ticket Prices In 2012

The low cost carrier is planning to hike ticket prices due to increasing fuel costs, said its CEO, Ghaith al-Ghaith.

Riyadh Airport Expansion To Start In Q4 2012

Saudi Arabia expects the project to be completed in 2015, the General Authority for Civil Aviation has said.

Qatar Airways To Defer A380 Delivery

The airline’s CEO Akbar al Baker expressed concerns about wing cracks on the aircraft.

Saudi To Award New Airline Licences

The Kingdom will grant new airlines licences in September to operate both locally and internationally.

Aramex Posts 22% Q1 Profit Rise

The Dubai-based logistics firm made a first quarter net profit of Dhs61 million this year.

Abu Dhabi Sees 3.4m Passengers in Q1

Abu Dhabi International Airport saw 21.2 per cent increase in traffic year-on-year.

Abu Dhabi To Exit Daimler

Abu Dhabi’s investment fund Aabar is reportedly looking to exit its its stake in the German carmaker.

Mubadala To Manufacture Parts For Boeing

This is the first time Boeing has signed a direct outsourcing deal for parts production in the Arab region.

Oman Air Reports $285.6m Loss

The carrier said that the loss was “justified” and blamed it on the rising fuel prices.

TAQA Sells Tesla Motors Stake

Abu Dhabi National Energy Company (TAQA) booked a profit of $113 million on the sale.

Drydocks Gets Approval From 98% Of Creditors

Only one creditor has not yet accepted the $2.2 billion debt restructuring plan proposed by the Dubai-based shipbuilding unit.

BAE Signs Saudi-Eurofighter Deal

The British defence contractor said that it had signed a contract to build 48 Typhoon aircraft for the Saudi Arabian air force.

ME Airlines See 23% Rise In Passengers

The strong performance of regional airlines in February this year, suggests that the region has now “fully recovered,” said IATA.

Etihad’s Revenues Soar In Q1 2012

The Abu Dhabi -based carrier recorded a 28 per cent year-on-year rise in revenues during the first quarter of this year.

Royal Jordanian In Merger Talks

The airline is struggling with rising fuel costs and increasing competition in the region.

A Wing And A Prayer

Strata, Abu Dhabi’s aerospace parts manufacturer has become a worldwide name in just two years.

DP World Profit Rises to $683 Million

The UAE-founded international ports company has cut its debts.

JAFZA Eyes Loan Launch

Dubai’s Jebel Ali Free Zone is planning to launch a syndicated loan to partly refinance its $2 billion Sukuk maturing in November.

DP World To Repay $3bn Loan Early

The port operator has said that it will pay off its loan, which matures in October, six months ahead of schedule.

Kingfisher To Stop International Flights

India-based Kingfisher Airlines, which operates daily flights to Dubai, said that it was cancelling all its international routes.

Kuwait Airways Strike Costs $1mn

The strike caused by the carrier’s employees over a pay hike led to the cancellation of 10 flights within a four-hour period.

The Road To Profit

Despite the threat of regional upheaval and global downturns, the UAE is still the darling of the luxury car industry.

Emirates Hires 3,800 Cabin Crew

Emirates plans to hire 3,800 new cabin staff this year, taking its total number of in-flight crew to nearly 20,000.