News

DUBAI / WAM DP World Limited handled 18.3 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in Q3, with gross container volumes increasing by 3.1 percent year-on-year on a reported basis and up 1.9 percent on a like-for-like basis. On a nine-month basis, DP World handled 52.2 million TEU, decreasing 2.5 percent on a reported basis ...

Dubai / WAM DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has announced it rolled out a company setup offer for businesses worldwide. According to DMCC, the offer provides international companies the opportunity to set up a representative office in one of the world’s leading business hubs in as little ...

Dubai / WAM Under patronage of Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, the World Government Summit Foundation, in partnership of the United Nations, is organising high-level virtual celebratory event entitled “75 Minutes for Global Collaboration” on Monday. The event will address the importance of international cooperation, ...

ABU DHABI / WAM As part of the Abu Dhabi government’s efforts to support the emirate’s real estate sector and public-private partnership initiatives, the Abu Dhabi Executive Committee directs the development of a public-private partnership framework to implement capital projects in the emirate. In this context, ADQ, holding company with a broad portfolio of major enterprises, spanning key sectors of ...

DUBAi / WAM Ahmed Mahboob Musabih, Director-General of Dubai Customs, held a videoconference with a Swiss delegation, headed by Frank Eggmann, Swiss Consul General to Dubai, to discuss expanding mutual economic cooperation and trade between Dubai and Switzerland. The two sides discussed the stimulus packages launched by the Federal government and Dubai government to support the business activity and to ...

SHARJAH / WAM Dana Gas announced that it has entered into a binding agreement with IPR Wastani Petroleum Ltd, a member of the IPR Energy Group (IPR) for the sale of its onshore Egyptian producing oil and gas assets for a consideration of up to $236 million including contingent payments. IPR is a leading private E&P operator in Egypt, with ...

Bloomberg Saudi Basic Industries Corp, the chemical maker in which Saudi Aramco holds a majority stake, returned to profit in the third quarter amid signs that demand is recovering from the impact of the coronavirus. The company, known as Sabic, said third-quarter profit was 1.09 billion riyals ($290 million) compared with 740 million riyals in the same period last year. ...

Abu Dhabi / WAM The UAE has strongly condemned the bomb attack that targeted an educational centre in the Afghan capital, Kabul, that resulted in the death and wounding of innocent civilians. In a statement, the Ministry of Foreign Affairs and International Cooperation expressed concern over escalating violence in Afghanistan during the past weeks. It also expressed hope that peace ...

SHARJAH / WAM Sharjah Book Authority (SBA) is inviting members of public to visit Expo Centre Sharjah and buy their favourite books during the 39th annual Sharjah International Book Fair (SIBF2020) by pre-registering themselves on registration.sibf.com. Book lovers will be able to browse through more than 80,000 titles in English, Arabic, and other languages, brought to Expo Centre Sharjah, by ...

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has inaugurated the Hamdan Smart Station for Simulation and Training. The state-of-the-art training facility of the Transport Security Department in Dubai aims to enhance security efforts and increase the readiness of security and law enforcement personnel. Equipped ...