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Mideast airlines recorded highest traffic growth in July

Global demand for air travel has seen another solid month of growth in July, with a 5.1% year-on-year growth, led by the strong growth from Middle East, according to the International Air Transport Association (IATA). Airlines in the Middle East recorded the highest growth rate for any region, with traffic during the month up 7.8%, compared with the same period a year earlier. "Passenger demand continues to be strong. But the story of emerging markets driving growth as developed economies stagnate could be shifting," said Tony Tyler, IATA's director general and CEO. "We are still expecting growth of 5% this year. How that growth is achieved, however, appears to be at a turning point," said Tyler.