Company Insights DP World Logistics DP World News Logistics UAE-Iraq trade lifted by new freight ferry link DP World has launched the first direct freight ferry service between the UAE and Iraq. The service, called P&O Maritime Transports – a DP World company, aims to make the flow of goods between the UAE and Iraq faster, safer and more efficient. It caters for unaccompanied trailers that can be transported by sea without […] May 23, 2023 Health Healthcare tourism gives Dubai a shot in the arm Medical tourism brought nearly AED1 billion ($272 million) to Dubai last year, up by more than a quarter, as the emirate aims to build its reputation as a destination for international patients. Dubai welcomed 674,000 medical tourists in 2022, up from 630,000 the previous year, with 39 percent arriving from Asian countries, 22 percent from […] May 17, 2023 UAE and Morocco form taskforce to double trade by 2030 The UAE and Morocco are aiming to double bilateral trade and investment volumes over the next seven years. The two countries are forming a taskforce to build on their AED3.6 billion ($991 million) non-oil foreign trade last year, which was up 16 percent from 2021 and more than two-thirds higher than 2020. The UAE is […] May 10, 2023 Logistics AD Ports in talks with Congo over trade hub Abu Dhabi Ports Group is in talks to invest in a new trade hub in the Republic of Congo as the UAE seeks to ramp up non-oil partnerships with the Central African country. President Denis Sassou Nguesso of Congo held discussions last week with Mohamed Juma Al Shamisi, managing director and CEO of AD Ports, […] May 3, 2023 Economy DP World’s container volume rises to 19.5m TEUs in Q1 Dubai-based DP World Limited handled 19.5 million twenty-foot equivalent units (TEUs) across its global portfolio of container terminals in the first quarter of 2023. Gross container volumes rose 1.4 percent year-on-year on a reported basis and 3.7 percent on a like-for-like basis, the global ports operator said in a statement published by state-run WAM news […] April 27, 2023 Food & Drink Dubai tea bag producer brews record results DMCC Tea Centre has revealed production of tea bags at its Jebel Ali Free Zone facility was up 27 percent year on year in 2022. Saeed Al Suwaidi, director of agri-commodities at Dubai Multi-Commodities Centre (DMCC), described it as a “record-breaking” year and forecast further growth for 2023 driven by technology and automation. “We expect […] April 26, 2023 Logistics DP World moves to close trade finance gap for SMEs DP World has launched a digital trade finance platform to build relations between small and medium sized enterprises (SMEs) and financial institutions and boost trade. The platform gives borrowers access to trade finance while helping lenders assess companies by providing data, visibility and transparency on global trade movements. This allows them to analyse potential areas […] April 25, 2023 Analysis Banking & Finance Ukraine ceasefire will unlock billions in Gulf-Russia deals GCC investors shelved a potential $15 billion of investments in Russia when Moscow invaded Ukraine, but companies are said to be quietly resuming due diligence in the hope of tying up deals when a peace accord is reached. These possible Gulf-Russia deals are mainly in the oil and gas, transport, logistics and agricultural sectors, according […] April 19, 2023 Manufacturing DP World starts work on edible oil terminal in Somaliland Dubai-based port operator DP World has started the development of a new edible oil terminal at the Port of Berbera in Somaliland to reduce supply chain costs and create local jobs. A long-term lease for the facility has been signed, DP World said in a statement. Edible or cooking oil is fat of plant, animal […] March 30, 2023 Analysis Markets Mena merger activity hits ‘unprecedented’ levels When Dubai-based headhunter Dulsco acquired Scottish energy personnel specialist Advance Global Recruitment this week, it was the latest deal in a mergers and acquisitions market that analysts say is growing at an “unprecedented” rate. The EY Middle East and North Africa M&A Insights 2022 report found that the Mena region – which historically records 500-600 […] March 8, 2023 Posts navigation Previous 1 … 9 10 11 … 13 Next
Logistics UAE-Iraq trade lifted by new freight ferry link DP World has launched the first direct freight ferry service between the UAE and Iraq. The service, called P&O Maritime Transports – a DP World company, aims to make the flow of goods between the UAE and Iraq faster, safer and more efficient. It caters for unaccompanied trailers that can be transported by sea without […] May 23, 2023
Health Healthcare tourism gives Dubai a shot in the arm Medical tourism brought nearly AED1 billion ($272 million) to Dubai last year, up by more than a quarter, as the emirate aims to build its reputation as a destination for international patients. Dubai welcomed 674,000 medical tourists in 2022, up from 630,000 the previous year, with 39 percent arriving from Asian countries, 22 percent from […] May 17, 2023
UAE and Morocco form taskforce to double trade by 2030 The UAE and Morocco are aiming to double bilateral trade and investment volumes over the next seven years. The two countries are forming a taskforce to build on their AED3.6 billion ($991 million) non-oil foreign trade last year, which was up 16 percent from 2021 and more than two-thirds higher than 2020. The UAE is […] May 10, 2023
Logistics AD Ports in talks with Congo over trade hub Abu Dhabi Ports Group is in talks to invest in a new trade hub in the Republic of Congo as the UAE seeks to ramp up non-oil partnerships with the Central African country. President Denis Sassou Nguesso of Congo held discussions last week with Mohamed Juma Al Shamisi, managing director and CEO of AD Ports, […] May 3, 2023
Economy DP World’s container volume rises to 19.5m TEUs in Q1 Dubai-based DP World Limited handled 19.5 million twenty-foot equivalent units (TEUs) across its global portfolio of container terminals in the first quarter of 2023. Gross container volumes rose 1.4 percent year-on-year on a reported basis and 3.7 percent on a like-for-like basis, the global ports operator said in a statement published by state-run WAM news […] April 27, 2023
Food & Drink Dubai tea bag producer brews record results DMCC Tea Centre has revealed production of tea bags at its Jebel Ali Free Zone facility was up 27 percent year on year in 2022. Saeed Al Suwaidi, director of agri-commodities at Dubai Multi-Commodities Centre (DMCC), described it as a “record-breaking” year and forecast further growth for 2023 driven by technology and automation. “We expect […] April 26, 2023
Logistics DP World moves to close trade finance gap for SMEs DP World has launched a digital trade finance platform to build relations between small and medium sized enterprises (SMEs) and financial institutions and boost trade. The platform gives borrowers access to trade finance while helping lenders assess companies by providing data, visibility and transparency on global trade movements. This allows them to analyse potential areas […] April 25, 2023
Analysis Banking & Finance Ukraine ceasefire will unlock billions in Gulf-Russia deals GCC investors shelved a potential $15 billion of investments in Russia when Moscow invaded Ukraine, but companies are said to be quietly resuming due diligence in the hope of tying up deals when a peace accord is reached. These possible Gulf-Russia deals are mainly in the oil and gas, transport, logistics and agricultural sectors, according […] April 19, 2023
Manufacturing DP World starts work on edible oil terminal in Somaliland Dubai-based port operator DP World has started the development of a new edible oil terminal at the Port of Berbera in Somaliland to reduce supply chain costs and create local jobs. A long-term lease for the facility has been signed, DP World said in a statement. Edible or cooking oil is fat of plant, animal […] March 30, 2023
Analysis Markets Mena merger activity hits ‘unprecedented’ levels When Dubai-based headhunter Dulsco acquired Scottish energy personnel specialist Advance Global Recruitment this week, it was the latest deal in a mergers and acquisitions market that analysts say is growing at an “unprecedented” rate. The EY Middle East and North Africa M&A Insights 2022 report found that the Mena region – which historically records 500-600 […] March 8, 2023
