Drydocks World, which sought insolvency protection in April as it restructures $2.2 billion of debt, signed a joint venture for its Southeast Asia operations with Pacific Carrier Ltd. on Wednesday, part of Malaysian tycoon Robert Kuok's empire.
June 27, 2012 5:34
The 175,000 square metre plot in DWC will be used as a manufacturing facility for nutrition, culinary and coffee products, the joint statement said.
June 27, 2012 10:03
A company linked to Malaysian billionaire Robert Kuok is close to a deal to buy a majority stake in the Southeast Asia operation of Dubai shipbuilder Drydocks World, two sources said on Tuesday.
June 27, 2012 9:59
It sure looks like the UAE government is leaving no stone unturned to ensure consumers in the country are protected and informed. But is there a catch somewhere?
June 25, 2012 4:39