Boosted by the GCC’s rapid industrialisation, courier firms are posting robust growth in the region.
The contracts are part of Dubai’s Dhs1 billion five-year plan to improve internal roads in the city.
The Kuwaiti logistics firm made a net profit of $25.4 million during the first quarter of this year.
Passengers travelling with the airline will now be able to make and receive calls on their mobile phones.
The airport is increasing passenger capacity from 250,000 to two million in the next 12 to 18 months.
Saudi’s GACA says new international airline licences will be operational by April next year.
The airline said that despite an increase in revenue, its profit was hit by rising fuel costs and unrest in the region.
The Japanese car manufacturer reported that its net profit for the year to March reached $3.5 billion.
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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.