The new water taxi service will become operational by mid next year, with more than one million passengers expected to be transported annually, according to a report in Gulf News.

The agreement to run the service signed by the Ajman Municipality and the Dubai Roads and Transport Authority (RTA), the newspaper said.
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Sami Al Ansari, CEO of Ishraq Gulf Estate Holding, said the huge increase in the number of available rooms presented the next challenge for the hotel sector, struggling this year amid the global economic slowdown.
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The top executive at Dubai-based Emirates airline said Monday it expects Airbus 380 flights company returns to New York in the first six months of 2010 due to passenger demand should recover by then.

The airline began service to New York for the double-decker plane in April last year, but withdrew two months later and replaced with the smaller Boeing 777. Emirates has expanded its network as demand sank into recession, especially in the U.S.
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