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Dubai World unit sells UK-based logistics firmEconomic Zones World (EZW), a unit of government-owned conglomerate Dubai World, has sold its British-based logistics firm Gazeley to Brookfield Asset Management, sources said on Tuesday. &nbs More… |
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Palm Utilities’ net profit up 32pcPalm Utilities, a Dubai World company, said its net profit surged 32 per cent in 2012 to hit Dh164 million ($44.6 million) compared to Dh125 million the previous year. Announcing the results, Palm Utilities said its revenue too po More… |
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DP World to sell stakes in Hong Kong terminalsDubai's port operator DP World Limited has agreed to sell stakes in two container terminals and a logistics centre in Hong Kong for a total consideration of $742 million, it said in a statement on Thursday. &nb More… |
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DP World port sets milestone in vehicle handlingGlobal marine terminal operator DP World has announced that its flagship Jebel Ali Port has achieved a new milestone, handling more than 500,000 vehicles in less than 12 months. This translates into almost one vehicle imported, ex More… |
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Palm Utilities welcomes first batch of EmiratisPalm Utilities, a Dubai World company aimed at providing quality utility solutions, said it has recently received the first batch of Emiratis who joined the company as part of its Emiratisation program. Marwan Al Naqi, the chief e More… |
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DP World boss wins top Seatrade awardDP World senior vice president and managing director of UAE Region, Mohammed Al Muallem, has won the Seatrade Outstanding Achievement Award at the Seatrade Middle East and Indian Subcontinent 2012 Awards ceremony. The prize was pr More… |
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Ghosts of Dubai World's past may return to haunt emirateDubai World, the state-linked entity whose massive debts brought the emirate to the brink of collapse in 2009, faces the first repayment in its restructuring deal in three years time and creditors are once again growing restless. More… |
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Limitless agrees $1.2bn loan restructureLimitless, the indebted property arm of Dubai World, has reached an agreement with creditors to restructure a $1.2 billion Islamic loan, the company said on Thursday. Limitless will also shortly More… |
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Limitless to sign $1.2bn debt deal in SeptLimitless, the indebted Dubai-based property developer, is aiming to conclude its $1.2 billion debt deal with creditors by the end of September, the company said on Tuesday. The state-owned firm More… |
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DP World inks key security agreementDP World, UAE Region said it has signed a partnership agreement with Ports, Customs & Free Zone Corporation (PCFC) security department to provide greater strategic depth and efficiency to security operations at its port facilities in Du More… |
