Dubai Ports World

DUBAI, March 18 (Xinhua) -- Dubai Ports (DP) World and India's National Investment and Infrastructure Fund (NIIF) said Sunday that they acquired a 90 percent stake in an Indian multi-modal logistics corporation. The acquisition of Continental Warehousing Corporation Ltd (CWCNSL) was executed ...

ADDIS ABABA, March 16 (Xinhua) -- Djibouti's government welcomes China's greater involvement in the nation's port development, Finance Minister Ilyas Dawaleh has said in a recent interview with media. Djibouti has terminated cooperation with the Dubai Ports World over the running of the Doraleh ...

Chairman of the Suez Canal Authority (SCA) and the Suez Canal Economic Zone (SCZone) Mohab Mamish and the Chairman and CEO of Dubai Ports World Sultan Ahmed bin Sulayem initialed on Tuesday an agreement to launch the construction of the first phase of a marine terminal in Ain Sokhna as ...

On Thursday, Djibouti illegally seized control of the Doraleh Container Terminal from a Dubai Ports World-owned entity that designed, built and has operated the terminal pursuant to a concession awarded in 2006. DP World has lodged a claim against the seizure with the London Court of International ...

Dubai Ports World will build new inland ports in two Indian states to handle increased container traffic coming into that nation's ports. AddThis Sharing Buttons. Share to LinkedIn LinkedInShare to Facebook FacebookShare to Twitter TwitterShare to Email EmailShare to Digg DiggShare to StumbleUpon ...

DUBAI, Feb. 23 (Xinhua) -- Dubai Ports (DP) World said Friday that the government of Djibouti "illegally seized control" of the Doraleh Container Terminal S.A. from a DP World's owned entity. Dubai Ports (DP) World, the world's third biggest commercial port operator in relation to assets, said in an e-mailed ...

"The Government of Djibouti today illegally seized control of the Doraleh Container Terminal S.A. from a Dubai Ports World owned entity that designed, built and, since 2006, operated the Terminal pursuant to a concession awarded by the Government in 2006," Dubai's media office said in a statement.

DUBAI, March 15 (Xinhua) -- Dubai Ports (DP) World, the world's third largest commercial port company, reported Thursday a profit of 1.363 billion U.S. dollars in 2017, up 8.2 percent from the previous year. This profit surge resulted from the "improved trading environment and market share gains," DP said ...

A Dubai Ports World-owned entity designed, built and has operated the terminal pursuant to a concession awarded in 2006. He described actions taken by the government of Djibouti as “unfortunate” and “illegal,” further stressing the company's continued commitment to investing in Africa despite both ...