DUBAI / WAM DP World’s parent company Port and Free Zone World has offered to acquire the 19.55 percent of DP World’s shares traded on Nasdaq Dubai, returning the company to private ownership. According to a statement released by the company, the move will enable DP World to focus on its medium-to-long-term strategy of “transforming from a global port operator ...

MUNICH / WAM Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, emphasised the UAE’s support for a political solution to the Libyan crisis and highlighted in this regard Germany’s efforts through the Berlin track, considering it the only manner of achieving security and stability in Libya. In his speech before the first meeting of the International Follow-Up ...

Bloomberg Oyo Hotels & Homes, the Indian lodging startup, reported a four-fold increase in revenue for the year ending in March 2019, a dated but detailed disclosure of results at the controversial company backed by SoftBank Group Corp. The six-year-old Oyo increased revenue to $951 million for the fiscal year 2019, from $211 million for the previous year. Losses climbed ...