Regional stock market indices Regional currency rates Plans for a railway project linking Gulf coast Dubai, with 2 million inhabitants and the world’s highest rate of car ownership is expecting estimated 10 million inhabitants by the next generation. Accordingly, Dubai is planning a mass public transportation system. Projects like the Palm Jumeirah monorail and Dubai metro red line will be completed by 2009. Besides, it is not just Dubai but several other GCC countries that have plans worth $100 billion dedicated for railway projects. Moreover, a decree is expected to set up a Union Rail connecting all seven emirates of the UAE from Abu Dhabi to Fujairah. In addition, an approval on a feasibility study for the GCC railway has been granted and hopes are high that the plan will be approved by the next GCC summit. The GCC railway will connect the Gulf coast from Kuwait to Oman. First
