Company Insights DP World Logistics DP World News Saudi invests $2.4bn in DP World’s flagship UAE ports Saudi Arabia-based Hassana Investment Company has invested $2.4 billion in three of DP World’s flagship UAE assets. The investment manager for the General Organisation for Social Insurance, which owns one of the largest pension funds in the world, Hassana has taken a minority stake in Jebel Ali Port, Jebel Ali Free Zone and National Industries […] December 21, 2022 Construction DP World signs contract to upgrade Somalia’s Bosaso port Dubai-owned DP World and Somalia’s Puntland government have signed a construction agreement for expansion and upgrade work at the Port of Bosaso. The 12-month project, which is expected to start in early 2023, will include the development of a 150-metre quay and repairs to the current 215-metre quay, DP World said in a statement. Other […] December 9, 2022 Banking & Finance School operator Taaleem up next in string of Dubai IPOs UAE schools operator Taaleem Holdings is the latest in Dubai’s string of initial public offerings (IPOs) as the emirate continues to open up key state-owned assets for investment. Dubai’s privatisation drive this year to raise revenue and boost investor interest includes the listing of 18 percent of utility company Dewa on the Dubai Financial Market. It […] November 18, 2022 Sustainability DP World to invest $500m to cut CO2 emissions over five years Dubai-owned ports giant DP World plans to invest up to $500 million to cut CO2 emissions from its operations by nearly 700,000 tonnes over the next five years, UAE state-owned WAM news agency reported, citing chairman and group CEO Sultan Ahmed Bin Sulayem. He reinforced the company’s commitment to sustainability by taking on the Green […] November 8, 2022 Logistics Outlook for global trade remains uncertain, says DP World boss The chairman and CEO of DP World said on Tuesday that the outlook for global trade remains uncertain as the port operator posted a small increase in container volumes. Growth in the third quarter of 2022 was primarily driven by a solid performance across the company’s Asia Pacific, Americas and Australia terminal. Its flagship port […] October 25, 2022 Analysis Biden Middle East UAE reforms seen as magnet for further US investment A series of new economic and social reforms, known as the Projects of the 50, will make the UAE an even more attractive environment for American businesses. According to Danny E Sebright, president of the US-UAE Business Council, the UAE is already widely recognised by American businesses for these strengths. “Another important strength of the […] September 26, 2022 Tourism UK rules out criminal action against DP World’s P&O Ferries The UK has announced it will not pursue criminal action against P&O Ferries over mass redundancies announced earlier this year. The company, owned by Dubai-based DP World, whose ships sail across the English Channel, North Sea and Irish Sea, laid off nearly 800 workers in March and then went on to hire cheaper agency staff, […] August 22, 2022 Tourism DP World to invest $1.4bn as half year profit goes up 51.8% Dubai-owned DP World, one of the world’s biggest port operators, is planning to spend $1.4 billion on capital expenditure in 2022, as it reported a 51.8 percent rise in profit during the first half of the year. The company reported profit of $721 million for the first six months of 2022, as revenue rose 60.4 […] August 18, 2022 Exclusive Tech UAE agtech startup aims to disrupt $500bn fodder industry A UAE agtech startup is aiming to disrupt the $500 billion livestock feed industry, as prices rise on the back of supply chain disruptions caused by the Ukraine war. The Food and Agriculture Organisation (FAO) of the United Nations reported last week that, while the FAO Food Price Index declined 8.6 percent month-on-month in July […] August 17, 2022 Banking & Finance Reforms draw North American investors to the Gulf North America-based entities were the most active investors in Middle East and North Africa merger and acquisition (M&A) deals in the first half of 2022. Attracted by ongoing economic reforms in the region, US and Canadian firms took part in 30 percent of inbound M&A activity, with a particular focus on technology-related investments. The latest […] August 10, 2022 Posts navigation Previous 1 … 11 12 13 Next
Saudi invests $2.4bn in DP World’s flagship UAE ports Saudi Arabia-based Hassana Investment Company has invested $2.4 billion in three of DP World’s flagship UAE assets. The investment manager for the General Organisation for Social Insurance, which owns one of the largest pension funds in the world, Hassana has taken a minority stake in Jebel Ali Port, Jebel Ali Free Zone and National Industries […] December 21, 2022
Construction DP World signs contract to upgrade Somalia’s Bosaso port Dubai-owned DP World and Somalia’s Puntland government have signed a construction agreement for expansion and upgrade work at the Port of Bosaso. The 12-month project, which is expected to start in early 2023, will include the development of a 150-metre quay and repairs to the current 215-metre quay, DP World said in a statement. Other […] December 9, 2022
Banking & Finance School operator Taaleem up next in string of Dubai IPOs UAE schools operator Taaleem Holdings is the latest in Dubai’s string of initial public offerings (IPOs) as the emirate continues to open up key state-owned assets for investment. Dubai’s privatisation drive this year to raise revenue and boost investor interest includes the listing of 18 percent of utility company Dewa on the Dubai Financial Market. It […] November 18, 2022
Sustainability DP World to invest $500m to cut CO2 emissions over five years Dubai-owned ports giant DP World plans to invest up to $500 million to cut CO2 emissions from its operations by nearly 700,000 tonnes over the next five years, UAE state-owned WAM news agency reported, citing chairman and group CEO Sultan Ahmed Bin Sulayem. He reinforced the company’s commitment to sustainability by taking on the Green […] November 8, 2022
Logistics Outlook for global trade remains uncertain, says DP World boss The chairman and CEO of DP World said on Tuesday that the outlook for global trade remains uncertain as the port operator posted a small increase in container volumes. Growth in the third quarter of 2022 was primarily driven by a solid performance across the company’s Asia Pacific, Americas and Australia terminal. Its flagship port […] October 25, 2022
Analysis Biden Middle East UAE reforms seen as magnet for further US investment A series of new economic and social reforms, known as the Projects of the 50, will make the UAE an even more attractive environment for American businesses. According to Danny E Sebright, president of the US-UAE Business Council, the UAE is already widely recognised by American businesses for these strengths. “Another important strength of the […] September 26, 2022
Tourism UK rules out criminal action against DP World’s P&O Ferries The UK has announced it will not pursue criminal action against P&O Ferries over mass redundancies announced earlier this year. The company, owned by Dubai-based DP World, whose ships sail across the English Channel, North Sea and Irish Sea, laid off nearly 800 workers in March and then went on to hire cheaper agency staff, […] August 22, 2022
Tourism DP World to invest $1.4bn as half year profit goes up 51.8% Dubai-owned DP World, one of the world’s biggest port operators, is planning to spend $1.4 billion on capital expenditure in 2022, as it reported a 51.8 percent rise in profit during the first half of the year. The company reported profit of $721 million for the first six months of 2022, as revenue rose 60.4 […] August 18, 2022
Exclusive Tech UAE agtech startup aims to disrupt $500bn fodder industry A UAE agtech startup is aiming to disrupt the $500 billion livestock feed industry, as prices rise on the back of supply chain disruptions caused by the Ukraine war. The Food and Agriculture Organisation (FAO) of the United Nations reported last week that, while the FAO Food Price Index declined 8.6 percent month-on-month in July […] August 17, 2022
Banking & Finance Reforms draw North American investors to the Gulf North America-based entities were the most active investors in Middle East and North Africa merger and acquisition (M&A) deals in the first half of 2022. Attracted by ongoing economic reforms in the region, US and Canadian firms took part in 30 percent of inbound M&A activity, with a particular focus on technology-related investments. The latest […] August 10, 2022
