DP World sales stake in Russian firm
The transaction is expected to close later this week, DP World said in a statement to Nasdaq Dubai.
October 22, 2012 10:40
DP world’s H1 profit flat, cites global climate
Dubai's DP World, the world's third largest port operator, reported flat profits for the first half of this year, citing an uncertain global economic climate.
August 29, 2012 10:07
DP World to repay $3B October loan early with cash
Repayment to take place between April 4 to 10; Operator's cash balance will be $1.2 billion after repayment; DP World cancels $2 bln existing revolving credit facility
March 26, 2012 9:12Dubai’s DP World in talks for $1B loan
Dubai's DP World is in talks with banks for a $1-billion syndicated loan to replace its existing $3-billion deal that matures in October, bankers said.
February 22, 2012 12:54
Labour strikes shut Dubai’s DP World port in Egypt
Dubai's port operator DP World shut down its Ain al-Sokhna port in Egypt for the second day on Monday because of labour strikes that have disrupted shipments, an official at the Red Sea port authority said.
February 14, 2012 2:44
DP World sees 2011 earnings in line with expectations
Full year gross volumes rise 10 pct; Volumes at consolidated terminals down to 27.4 mln TEUs; Says will achieve full year EBITDA in line with expectations
January 31, 2012 2:40
DP World sells stake in container services firm
DP World, the world's third-largest port operator, sold its 34 percent stake in UK-based Tilbury Container Services Ltd for $75.48 million, it said in a statement on Thursday.
January 26, 2012 1:54Unit of Dubai’s DP World to run Canadian port
DP World warned in October of tough conditions for its customers in 2012, but said it would achieve throughput growth of more than 7 percent in the year.
January 5, 2012 3:56Dubai’s Shuaa plans more job cuts after Q3 loss
Shuaa Capital, the Dubai-based investment bank struggling to boost revenues, plans "significant" job cuts as part of the second phase of the cost savings program it launched this year.
November 20, 2011 11:25Djibouti to spend $330M on port expansion
Djibouti’s port, run by Dubai’s DP World, plans to spend $330 million on expanding its port, an exercise that is expected to be complete by 2014 and to increase the cargo throughput, its port authority said.
October 11, 2011 10:36Dubai World reopens Ain al-Sokhna port in Egypt
Dubai port operator DP World has reopened its Ain al-Sokhna port in Egypt after a temporary shutdown caused by labour strikes, the head of the Red Sea Ports Authority said on Monday.
September 26, 2011 2:27DP World owner confirms $850m loan refinancing
"DP World Limited has been advised that Port & Free Zone World FZE has refinanced its outstanding $850 million debt facility secured in part against certain of its shares in DP World," the statement said.
September 22, 2011 3:46
Firms compete for a spot in India’s economic battleground
The UAE isn't the only interested investor in India. Fierce competition for infrastructure projects in India is even ramping up government expectations in infrastructure spending to $1trillion over 5years.
September 20, 2011 11:13Dubai’s Shuaa Capital swings to small Q2 profit
Co posts 0.6 mln Q2 profit vs 56.6 mln loss in Q2 2010; Results aided by asset management business, cost cuts; Q2 includes 27.7 mln dirhams gains on other investments; Shares rise 5.3 percent in Dubai trade
July 26, 2011 11:26DP World says H1 volumes rise to boost profitability
Sees "significant improvement" in H1 profit due to strong volumes; Gross volumes climb to 26.2 mln TEU, up 11 pct; Volumes driven by Asia Pacific, UAE, Africa, Americas
July 26, 2011 10:24
Dusting off the Emirates ID card
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
Turkish Airlines Can Ride Out Turbulence
The airline said there had been little impact on May 15 from a strike in protest over pay and previous sackings.
May 16, 2013 2:57
Air Berlin doesn't need Etihad's help
Last year, the German carrier posted its first annual profit since 2007.
May 16, 2013 10:54
Taking on Abercrombie & Fitch
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Fake pilot 'on the run'
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26