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UAE, NZ encourage investment to serve common interest

WELLINGTON / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met with Todd McClay, Minister of Trade of New Zealand, in the New Zealand capital, Wellington. During the meeting, they discussed ways to strengthen cooperation in key sectors between both countries, especially in the fields of agriculture and food security, and several other ...

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Dubai’s DP World profit up US$883mn

Dubai / AFP Dubai’s DP World, one of the world’s largest port operators, said on Thursday that a major acquisition and “robust” growth helped its profit to surge 30.7 percent to $883 million in 2015. Revenues grew 16.3 percent to $3.97 billion, the company said in a statement. DP World’s ports handled 29.1 million TEUs (twenty-foot equivalent units), the standard ...

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Amanat Holdings net income hits AED50.6mn

Dubai / WAM Amanat Holdings PJSC (“Amanat”), the region’s largest integrated healthcare and education company, on Thursday announced its net profit of AED50.6mn for the period since inception on the November 17, 2014 to December 31, 2015. Amanat reported total income of AED89.6mn, comprised mainly of AED57.3mn of gain and dividends from Al Noor Hospitals Group and an AED 32.3mn ...

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