Dubai / Reuters Abu Dhabi National Oil Co (ADNOC) has cut its crude allocations by 10 percent for September for the majority of its customers, an ADNOC spokesman said on Tuesday. Reuters reported earlier that the company had notified two term buyers in Asia that they would receive 10 percent less crude for September, according to two sources familiar with …

DUBAI / WAM DP World Limited handled 34.0 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first half of 2017, with gross container volumes growing by 8.2 percent year-on-year on a reported basis and 7.7 percent on a like-for-like basis, with second quarter growth rates accelerating to 10.7 percent year-on-year on a reported basis …

DUBAI / Emirates Business A ground-breaking new report by the G20’s Global Infrastructure Hub (GI Hub) outlines infrastructure investment needs globally and individually for 50 countries and seven sectors to 2040. The report, Global Infrastructure Outlook, reveals the cost of providing infrastructure to support global economic growth and to start to close infrastructure gaps is forecast to reach $94 trillion …