Skip to main content Skip to footer ![Al-Ula in Saudi Arabia joins Swissport’s network](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/02/Swissport-Al-Ula-Ground-Handling-2-3-2.jpg/w=1024,h=682)
Initially, Swissport at Al-Ula will handle two weekly Royal Jordanian flights to and from Amman
![Saudi Arabia’s PIF acquires 40 percent stake in Zamil Offshore Services Company](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/02/PIF-Zamil-1.jpg/w=1024,h=614)
The investment aims to enhance the financial resources of Zamil Offshore
![Road Quality Index: Saudi Arabia surges to 4th position among G20 nations](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/02/Road-Quality-Index-Saudi-Arabia-1.jpg/w=1024,h=683)
The WEF report showcases a substantial leap in the Kingdom's RQI, rising from 5.2 to 5.7
![Dubai International welcomes 87 million guests in 2023, crosses pre-pandemic levels](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2023/11/DXB-Q3-Traffic_3-1.jpg/w=1024,h=683)
The airport forecasts it will receive 88.8 million guests in 2024.
![Saudi Arabia launches $373 million road projects in Makkah](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/02/Makkah-road-projects.jpeg/w=1024,h=683)
Improving transportation network and serving pilgrims
![ADNOC L&S achieves $620 million in 2023 net profits](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/02/ADNOC-LS-1.jpg/w=1024,h=683)
A 138 percent YoY increase
![WGS 2024: Dubai aims for 25 percent autonomous vehicles by 2030](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/02/RTA-1.jpg/w=1024,h=682)
9.4 percent of Dubai’s transportation is currently self-driving
![AD Ports Group reports $370.28 million in net profit for 2023](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/02/AD-Ports-1.jpg/w=1024,h=684)
Growth primarily driven by the Maritime & Shipping, Ports, Logistics, and Digital Clusters
![WGS 2024: Dubai’s RTA to develop ticket booking, fare payment solutions for Etihad Rail](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/02/maktoum-theyab-2.jpg/w=1024,h=683)
Parties sign MoU at the World Governments Summit in Dubai.
![Uber announces $7 billion share buyback](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/02/Screenshot-2024-02-14-at-4.41.04-PM.png/w=1024,h=683)
For the full year, the company reported 17 percent growth in revenue at $37.3 billion.
![UAE, India forge trans-continental trade corridor agreement](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/02/UAE-India-main1.png/w=1024,h=684)
Building bridges, expanding regional connectivity
![Etihad Airways records 1.4 million passengers in January 2024](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/02/Etihad-Airways.jpg/w=1024,h=683)
Airline sees surge in passenger numbers as it adds new destinations
![Boeing confirms establishing regional HQ in Saudi Arabia](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/02/Boeing-Saudi-Arabia.jpg/w=1024,h=683)
Move reflects Saudi Arabia's growing influence in aviation sector
![SAR records over 10 percent growth in cargo transport in 2023](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/02/SAR.jpg/w=1024,h=683)
Partnership agreements forge path for enhanced logistics and industrial development
![Abu Dhabi Airports appoints Elena Sorlini as managing director and CEO](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/02/Abu-Dhabi-Airports.jpg/w=1024,h=683)
Sorlini's leadership marks a new chapter in Abu Dhabi's aviation sector
![Emirates Post Group launches ‘7X’ brand identity: connecting the world in motion](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/01/Emirates-1.jpg/w=1024,h=683)
Heralding strategic transformation to lead the trade, transport, and logistics sectors
![Emirates first airline to join U.K. low carbon investment initiative, The Solent Cluster](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/01/طيران.jpg/w=1024,h=683)
Taking flight towards a low carbon future, greener aviation industry
![Qatar reports $5.13 bn trade balance surplus in December 2023](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/01/Qatar-trade-balance.jpg/w=1024,h=683)
Year-on-year decrease but a monthly increase in foreign merchandise trade
![Suez Canal Authority reaffirms support for global shipping lines](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/01/Suez-Canal-Authority.jpg/w=1024,h=683)
Expands services to mitigate impact on maritime traffic
![SAR launches Dream of the Desert train service in Saudi Arabia, first in MENA](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/01/Dream-of-the-Desert-train.jpeg/w=1024,h=577)
$53 million deal with Italian Arsenale Group to introduce luxury train ride
![Red Sea disturbances impact shipping, raise prices](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/01/Red-Sea-1.jpg/w=1024,h=683)
Shipping costs skyrocketed by 200 percent, projected to experience further rises
![Trade volume between UAE, Hong Kong surpassed $16 billion in 2023](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/01/UAE-Hong-Kong-1.jpg/w=1024,h=684)
Hong Kong recognizes UAE as a major trading partner
![Egypt’s SCZone inks 5 agreements worth $200 million](https://economymiddleeast.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economymiddleeast.com/2024/01/SCZone.jpg/w=1024,h=683)
Supporting partnership between the public and private sectors