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DP World News

DP World is using renewable energy generated by the Dubai Electricity and Water Authority

Maharashtra port next on list for DP World

Global ports operator DP World has signed an agreement with Indian port operator Jawaharlal Nehru Port Authority (JNPA) to invest INR200 billion ($2.4 billion) to develop a port in the Indian state of Maharashtra. The proceeds will be used to develop the terminals at Vadhvan port that will be primarily driven by green hydrogen, JNPA’s […]

Turkish president Recep Tayyip Erdoğan and UAE president Sheikh Khaled inspect a Turkish Togg EV during President Erdoğan's visit to the UAE in July

UAE investment in Turkey nears $6bn since 2002

Foreign direct investment from the UAE to Turkey has surged to $5.6 billion (AED20.6 billion) from 2002 until August 2023, said Mesaid Ahmet Burak Daglioglu, head of the investment office of the Turkish presidency. Nearly 600 UAE companies are operating in Turkey as of the first half of 2023, he told the UAE state-owned Wam […]

Expo City Dubai will host Cop28. Sponsors will be able to showcase their brand and stage a corporate presence in the Cop28 UAE Green Zone

Cop28 unveils first round of sponsors

Mashreq, Emirates NBD, Investcorp and DP World have been announced as among the first round of official sponsors for the Cop28 climate change summit, to be held in Dubai later this year.  Sponsors have been selected by the Cop28 Sponsorship Committee, which comprises seven internal Cop28 departments and an independent third party, professional services company […]

Emirates NBD Capital, the investment banking unit of Dubai’s top lender, has issued a record number of bonds for its clients this year

Emirates NBD to expand sustainable finance offering

Dubai’s largest lender Emirates NBD plans to increase its provision of sustainable finance, including directly issuing green debt and other instruments to support social and environmental aims.  The bank previously issued ESG-linked debt instruments via its investment banking arm, EmCap (Emirates NBD Capital), in 2019 for what it claims was the region’s first corporate green […]

Metaverse

Dubai bullish on metaverse as hype fades

The metaverse has been seen as the silver bullet that would revive businesses in Dubai and the wider Gulf region in the post-pandemic era.  The UAE is still bullish about its potential, but Mohammad AlBlooshi, CEO of the Dubai International Financial Centre (DIFC) Innovation Hub, told an event on Monday that enthusiasm for the nascent […]

DP World has announced a critical expansion plan that will take its total gross capacity to 93.6 million TEUs

DP World to hire banks for 10-year debut green sukuk

DP World intends to issue its first 10-year US dollar-denominated benchmark-sized green sukuk, as the ports operator expands its global reach. The Dubai-based company held investor meetings on September 4 and 5, Reuters reported, citing a bank document. Citi, Deutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, J.P. Morgan and […]

DP World Yarimca Port and Turkey’s Evyap Group

DP World signs partnership with Turkish port operator

Global port operator DP World has signed a partnership deal to strengthen its position in Turkey. The equity agreement between DP World Yarimca Port and Turkey’s Evyap Group will secure supply chain services in the critical Marmara gateway market. The transaction remains subject to regulatory approvals. Once complete, DP World will own 58 percent of […]

DP World investing $510m to build container port in India

Global ports operator DP World will invest $510 million to build, operate and maintain a new container terminal at the Kandla port in the Indian state of Gujarat, its group chairman said on Friday. “It will enable the delivery of trade opportunities by connecting northern, western and central India with global markets,” Sultan Ahmed bin […]

US Saudi chemical deal Dow

Dow Chemical oils wheels for Saudi Arabia expansion

The Dow Chemical Company has put Saudi Arabia at the heart of its Middle East expansion strategy, its new regional president told AGBI. The multinational corporation, which makes chemicals used in everything from oil and plastics to paints and building materials, also wants to capitalise on higher gas demand in the region.  Moosa Al Moosa, […]