DUBAI, United Arab Emirates (AP) - Cyprus Airways has signed a cargo agreement

with Emirates Airlines in a bid to corner the lucrative cargo market to the Asian

subcontinent and Far East.

According to the agreement, Cyprus Airways will transport cargo from the Cypriot

airport at Larnaca to Dubai from where Emirates will fly it to several destinations

including Bombay, Karachi, Colombo, Dhaka, Hong Kong, Singapore, Bangkok, Manila,

and Jakarta.

Cyprus-bound cargo from these countries will, in turn, be carried by Emirates to

Dubai and then transferred to Cyprus Airways.

Dubai is considered an excellent transit point for both shippers and airlines and

there are many companies providing dual air-sea cargo services.

Emirates Airlines is a Dubai-owned company but is growing to be considered the national

carrier of the U.A.E. in which Dubai is federated with Abu Dhabi and five other Southern

Gulf Emirates.