LIMA / WAM DP World has completed a major $400 million expansion project at the Port of Callao in Peru, boosting container handling capacity at the South Terminal by 80 percent and solidifying Callao’s position as the key gateway for global trade on the west coast of South America. The Bicentennial Pier expansion project extends the pier from 650 meters …

ABU DHABI/WAM The Central Bank of the United Arab Emirates (CBUAE) expected the country’s strong foreign trade performance to continue in 2024 and 2025, sustaining its projected growth for the UAE’s real GDP in 2024 at 3.9 percent, with expectations for it to further accelerate to 6.2 percent in 2025. In its June 2024 Economic Quarterly Review, the apex bank said that …

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has issued Decree No. (40) of 2024 on the formation of the Board of Directors of the Emirates International Accreditation Centre (EIAC). The Board is chaired by the Director-General of Dubai Municipality, while Dr. Hilal Humaid Saeed Al Kaabi serves as …