Dubai / WAM DP World has announced that it completed the acquisition of an additional 66.67% stake in Empresa Brasileira de Terminais Portuarios (Embraport) in Brazil from Odebrecht Transport (OTP). This transaction increases DP World’s shareholding to 100% and the terminal will be rebranded to DP World Santos. The purchase consideration is below 5% of DP World’s net asset value ...

ABU DHABI / WAM UAE stock markets on Monday made decent gains of AED5.5 billion driven by listed property companies and banks, with ADX General Index closing up 1.02 percent to 4326 and DFM General Index growing 0.34 percent against the last session to 3431. The upward movement of Emaar which jumped 2.8 percent to AED7.76 reflected positively on the ...

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM) signed a Memorandum of Understanding with the National Health Insurance Company, Daman, to collaborate and consult on initiatives to promote the growth and development of the insurance-related FinTech ecosystem, InsurTech, in Abu Dhabi and the UAE. The MoU was signed by Dr Michael Bitzer, CEO of Daman, and Richard Teng, CEO ...