Dubai / WAM DP World Limited handled 79 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the full year 2022, with gross container volumes increasing by 1.4% year-on-year on a reported basis and up 2.8% on a like-for-like basis. On a Q4 2022 basis, DP World handled 19.5 million TEU, up 2.4% on a ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired the UAE cabinet meeting at Qasr Al Watan Abu Dhabi, in the presence of HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance; HH Lt. ...

  Abu Dhabi / WAM UAE-headquartered Burjeel Holdings on Monday announced the signing of a memorandum of understanding to create a joint venture (JV) with Leejam Sports Company, the owner and operator of 155 ‘Fitness Time’ branded fitness centres in Saudi Arabia and the UAE. The MoU, signed at the Ministry of Investment of Saudi Arabia headquarters in Riyadh, will ...

Abu Dhabi / WAM The General Pension and Social Security Authority (GPSSA) has said that insured Emiratis must complete a minimum of one year in their jobs to be entitled to receive their end-of-service payment from the authority. The minimum period for an insured individual to spend at an entity is 11 months and one day, given that the ‘one ...

  Dubai / WAM The Museum of the Future has opened a physical store with an AI-driven audio offering limited-edition and exclusive items including replicas from some of its most popular exhibits. Many of the items are inspired, designed, and made by local designers as well as internationally renowned artists, including Jason Bruges and Ally Powell. The range includes a ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) participated in a campaign to clean the beach, and plant mangroves at the Jebel Ali Marine Sanctuary, organised by the Emirates Marine Environmental Group. The move is in conjunction with the National Environment Day, observed on February 4 each year, and is held this year under the theme ‘Towards a Sustainable ...

  Abu Dhabi / Gulf Time The first round of the UAE Remote Control Boat Championship, which was held on Abu Dhabi breakwater, recorded a large number of participants. The championship, organised by Abu Dhabi Marine Sports Club, drew as many as 36 contestants in three categories — 2-Cell, 3-Cell and 4-Cell for juniors, novices and professionals respectively. In 2-Cell ...

  Bloomberg Starbucks Corp. reported profit and comparable sales that trailed Wall Street’s expectations as weakness in China weighed on results, sending shares down in late trading. Executives reaffirmed confidence in the country and predicted a recovery there this year. Comparable sales of 5% in the quarter ended January 1 were below the average estimate for 6.8% growth compiled by ...

  Bloomberg The insolvency administrator of Frankfurt-Hahn airport in western Germany said he’s secured different “sale variants” for the facility and concluded two purchase agreements with investors who are independent of each other. The administrator’s comment comes amid reports of several interested parties for the insolvent airfield. The agreements are subject to conditions “so that ultimately only one purchase agreement ...

  Bloomberg The frequent-flyer clubs of marquee Asian airlines including Cathay Pacific Airways Ltd. and Singapore Airlines Ltd. fell further behind those of US rivals during the pandemic, highlighting the region-wide damage from prolonged travel restrictions. Led by Delta Air Lines Inc., loyalty divisions at the four major US airlines cemented their positions in early 2023 as the world’s most ...