Economy & Trade

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DP World is a global marine terminal operator with around 65 locations across six continents (Image: File)
August 28, 2014 - 09:43 GMT
Global marine terminal operator DP World has reported profit attributable to owners of the company before separately disclosed items of $332 million for the six months to 30 June, 40.8 per cent ahead of the first half of 2013 on a like-for-like basis.

May 28, 2013

Chris Hayman, Chairman, Seatrade
09:57 GMT
(press release)

Seatrade Middle East Workboats & Offshore Marine will see an exciting new component added to the biannual industry showcase.

May 27, 2013

Mohammed Al Muallem, Senior Vice President and Managing Director, DP World, UAE Region, receiving UNDSS Certificate from Tamer Hammouda, Security Advisor, UNDSS, in presence of Mosa Elayan, Security Associate, UNDSS and DP World, UAE Region senior officials
10:47 GMT

Global marine terminal operator DP World announced 27 May that its flagship Jebel Ali Port has become the first port in the Middle East Region to achieve the United Nations Department of Safety and Security Certificate.

Egypt falls to 107th place in WEF's global competitiveness index
06:13 GMT

Uncertainties associated with Egypt's post-revolution transition adversely affect country's ranking in World Economic Forum (WEF)'s Global Competitive Index for 2012/13

PDO signs $30mn deal to boost Omani manufacturing
06:00 GMT

Petroleum Development Oman (PDO) has signed a US$30mn contract with Schlumberger, a leading international oilfield services company, which will increase the amount of Omani-made materials used in the oil and gas sector.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai
05:39 GMT
(press release)

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today launched the Best M-Government Service Award.

May 26, 2013

Investment Corporation of Dubai
11:40 GMT

Investment Corporation of Dubai (ICD), the holding company for some of the emirate's best-known companies, may increase the size of a $2 billion loan after significant interest in the deal from lenders, banking sources said.

Dubai Chamber of Commerce and Industry
11:15 GMT

Cooperation between the UAE and Kazakhstan is growing in real estate, energy and financial services, a study recently commissioned by Dubai Chamber of Commerce and Industry shows.

Issuance in the first quarter of this year was up by two per cent against a year ago
10:46 GMT

Issuance of debt securities saw a strong pick up during the first quarter of 2013 on the back of healthy activity by the non-financial sector in Saudi Arabia and UAE banks, according to the latest research from the National Bank of Kuwait (NBK).

During the event
09:46 GMT
(press release)

Dubai eGovernment has gifted to its employees the latest book of HH Sheikh Mohammed entitled ‘Wamdat Min Fikr – Flashes of Inspiration’.

DED delegates panel
06:16 GMT

A high-level delegation from the Department of Economic Development (DED) in Dubai is visiting Canada and the US as part of promoting the business-related services available in Dubai.

World Economic Forum 2013 in Jordan
06:00 GMT

International Finance Corp, a unit of the World Bank, is launching with several partners an investment facility worth up to $400 million for the MENA as it tries to spur lending to the region’s large pool of SMEs

Ahmad Bin Humaidan, Director-General, Dubai eGovernment
05:59 GMT
(press release)

Dubai eGovernment has won two awards for its mDubai mobile app and for its ePay gateway adding yet another milestone to its record of achievements.

May 23, 2013

It did not say how much currency it actually sold
11:57 GMT

Egypt's central bank kept the price of the country's currency steady against the dollar at a special $800 million foreign exchange auction on Wednesday, called to help importers pay for wheat, meat, cooking oil and other essential imports.

Jordanin Police keep guard as Syrian refugees look on at the King Abdullah Refugee Camp for Syrian refugees 2 kilometers from the Syrian border  (Photo by Chris Jackson/Getty Images)
11:47 GMT

The World Bank has proposed a $150 million loan for Jordan to help it with the cost of thousands of Syrian refugees fleeing the civil war in Syria, Jordanian and World Bank board sources said on Wednesday.

May 22, 2013

Chevron is the second largest oil company in US
13:23 GMT

Chevron Corp is in advanced talks to sell most of its downstream assets in Egypt and Pakistan, three sources said, with the planned disposals seen raising around $300 million for the U.S. oil major.