Egyptian Transportation Minister Mohammed Rashad announced on Wednesday Saudi Arabia and Egypt are going ahead with plans to build a causeway that will link the two countries at an estimated cost of $3 billion. A technical committee will meet in late...
Algeria announced it will invest more than $6 billion to modernise public transport by introducing trams in 14 cities nationwide, media reports said. Algiers Subway Company (EMA) said the provinces that will benefit from the trams are Sidi Bel Abbes,...
Etihad Rail, the master developer and operator of the UAE’s national railway network, has issued tender invitations for the first three contracts in the development of Stage Two of the rail network, the company said in a statement on...
Oman announced on Wednesday its Ministry of Transport and Communications (MoTC) has initiated work on the feasibility study of the ambitious GCC railway project to boost transport services across the region. The first stage of the railway project will start...
Egypt’s auto retail sector, one of the largest in the Middle East and North Africa (MENA) region, has been hit hard by dwindling sales due to the recent political instability and economic slowdown, but pent-up demand is shoring up...
Worldwide sea piracy levels fell by 54% during the first half of 2012, helped by a massive drop in Somali piracy, an international maritime watchdog said Monday. The International Maritime Bureau said in its report that 'pre-emptive and disruptive counter...
DP World Chairman Sultan Ahmed Bin Sulayem on Monday announced Istithmar World PJSC will transform its vessel Queen Elizabeth II into a 300-room luxury hotel that will be operational in 18 months. While speaking to reporters, the top Dubai shipping giant official reckoned...
Bombardier Aerospace confirmed on Monday it has signed an agreement with Midparc Investment S.A., a Moroccan property holding and management company, to purchase from them the land required for its new plant in the Midparc Casablanca Free Zone, in...
Russian Railways announced it is planning to participate in the Abu Dhabi railway project, estimated to cost around $2 billion, and various railway projects in the Middle East and North Africa region. "We have the best chances in the Gulf....
Airports throughout the Gulf region managed to clinch the bulk of transportation contracts worth $2bn awarded during the first five months of 2012, a report said on Sunday. The new research suggested road construction stood second with contracts worth $1.6bn...
Dubai’s Al-Futtaim Motors announced it is recalling more than 4,000 Toyota Fortuner cars in the UAE for service checks after reports emerged that some models made between 2006 and 2008 developed problems with the rear propeller shaft. “Following communication with...
Press Release All resolutions including 24 US cents per share dividend approved Dubai, UAE, 30 April 2012:  DP World Limited held their Annual General Meeting (AGM) in respect of the full year 2011 this morning, with all resolutions put to shareholders...
  Press Release Dubai, UAE, 30 April 2012|: – DP World Limited will today hold its Annual General Meeting for the year ended 31 December 2011. DP World Chairman Sultan Ahmed Bin Sulayem will make the following statement regarding trading in...
A delegation of Etihad Rail, the developer and operator of the UAE’s railway network, has returned from Europe after reviewing the best rail security practices followed by European rail operators. Members of the UAE’s Supreme Committee for Safety and...
An Arabic language UAE newspaper said on Wednesday a multi-billion inter-Emirates rail network project will link the country's two main cities of Abu Dhabi and Dubai by 2016. The semi official daily Al Ittihad also added that other parts of...
Reports coming from Saudi-UAE border suggest a total of 4,000 trucks are waiting in an 18km lineup to cross the Al Sila check point. Truck drivers have been waiting to be allowed to cross the border but with little luck...
Dubai's Roads and Transport Authority (RTA) said the Dubai Metro project has given a vital boost to the real estate sector of the city by increasing value of land and commercial properties in the vicinity of Metro stations by as much...
Italy unveiled its first private high-speed train, dubbed as the most modern train in Europe. The legendaryFerrari chairman, Luca Cordero di Montezemolo, is one amongst the shareholders of the first private operators of high speed trains operated by NTV...
Heathrow Airport has launched driverless pods to transport passengers between Terminal 5 and its car park, taking a leap into futuristic, sustainable transport systems. The Personal Rapid Transport (PRT) pods are battery powered and they can carry up to 4...
Roads and Transport Authority (RTA) has launched the second phase of its Dubai Metro naming rights project throwing open branding opportunities to companies. With the opening of the Green Line of the Dubai Metro, select stations on both Red and...
This week's opening of the new Green Line of the Dubai Metro has hotels hopeful at the prospect of additional foot traffic. The 22km long track costed an estimated US$8 billion Green Line and was opened on September 9. Combined...
Honda Motor Company's Middle East wing will recall 2,698 Honda City and CRV vehicles in the UAE. Arjit Basu, general manager sales, said due to possible defective power window switches the company will recall Honda vehicles. Globally, Japan?s Honda Motor is...
With the opening of Dubai Metro's Green Line on Friday, it may be good news for some and bad news for others. The opening ceremony is scheduled to take place tomorrow with 16 stations will be opened to the public...
The approval to move into the third phase of the project to develop Emirates Road, in the Maydan V industrial area has been obtained, under the initiatives of President His Highness Shaikh Khalifa Bin Zayed Al Nahyan. This final phase...
Tenants in Dubai are choosing properties that are closer to the metro station, says UAE property firm Asteco, while adding that renters are ready to pay extra for a property near a metro station. Dubai inaugurated its metro network in...
Dubai Metro?s much anticipated Green Line will be inaugurated by His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and ruler of Dubai, on September 9, Roads and Transport Authority (RTA) said in...
Audi AG is leading an optimistic drive among major automakers to bolster production, with the luxury car maker on a dynamic hiring spree to expand its production capacity by as much as 57%. These moves come at a time...
Air freight is an important element in todays business world. Air freight companies help in shipping goods and heavy weight items from one country or state to another in a short time period. As air planes are used in...
Dubai closed a $800 million financing deal with lenders based on securitizing road toll receipts, London-based Middle East Economic Digest (MEED), reported on Tuesday. The loan, which will be used to fund infrastructure projects, received a strong response from lenders,...
The Dubai Government's plans to expand the city's metro network by adding a fourth line, the Purple Line, awaits cancellation now. Dubai Airports CEO Paul Griffiths said, ?Our view is that what both airports need is really fast and efficient...