Middle East – Page 11
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NewsDiamond in the rough
WSP Parsons Brinckerhoff’s Roy van Eijsden examines the investment potential of a post sanctions Iran
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NewsDP World enjoys 29.9% profit growth
DP World announced throughput growth of 3.2% and profit growth of 29.9% in 2016, maintaining a “flexibility to capitalise” on growth opportunities in the sector.
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NewsDP World UAE volumes 'stabilise'
DP World says that volumes in the UAE are ‘stabilising’ as it reports handling 3.7 million teu in the region during the fourth quarter of 2016, marginally down by 0.7% year-on-year.
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Boskalis receives LOI for Oman project
Royal Boskalis Westminster N.V. (Boskalis) has received a Letter of Intent (LOI) to award a contract worth approximately €480m for the development of the port of Duqm in Oman, subject to satisfying certain conditions.
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Qatar joint venture to operate Hamad
Mwani Qatar and Milaha have a signed an agreement to establish a new company, QTerminals, to manage Hamad Port.
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German expertise in Iran
The Iranian roads minister has said that a German company has won a tender to develop the country’s Shahid Rajaee Port.
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NewsIran, Netherlands sign MoU for port co-operation
Iran’s minister of roads and urban development Abbas Ahmad Akhoundi and minister of infrastructure and the environment of the Netherlands Schultz van Haegen have signed a Memorandum of Understanding (MoU) for bilateral maritime transport and port co-operation.
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NewsICTSI Basra open for business
International Container Terminal Services Inc. (ICTSI) has opened the first phase of its new greenfield terminal development.
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NewsCOSCO inks Khalifa concession
COSCO SHIPPING Ports Limited (CPSL SPV) has entered into a concession agreement with Abu Dhabi Ports Company to operate the new Khalifa Port Container Terminal 2.
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NewsExpansion plan for Khalifa Port
Abu Dhabi Ports has announced a major expansion plan in Khalifa Port, which will add 1000m of quay wall to the port and deepen its main channel and basin to 18m from the current 16m.
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NewsDP World slows down Jebel Ali expansion
DP World will slow down expansion of its Jebel Ali port due to “softer market conditions” amid a bleak global trade outlook.
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NewsA revolutionary new way of moving boxes
DP World has signed a Memorandum of Understanding (MoU) with US-based Hyperloop One to explore the value of using innovative Hyperloop systems to move cargo around between its ports.
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Israeli ports beset by problems
Members of the Israel food industry have gathered at a meeting of the Maritime Traders Association to warm of soaring food prices, according to the Jerusalem Post.
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Investment opportunities at Faw
It seems that there may be new investment opportunities on the table for local and foreign companies at Al-Faw Port in Basra.
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NewsDP World lists $1.2bn Sukuk
DP World group chairman and chief executive Sultan Ahmed Bin Sulayem rang the market-opening bell on June 27, to celebrate the listing of $1.2bn Sukuk on Nasdaq Dubai.
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Israel proposes offshore port
Israel’s transport minister, Yisrael Katz, has proposed the construction of an artificial island off the coast of Gaza, according to the Times of Israel.
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Ashdod South Port ahead of schedule
Israel Port Company has confirmed that it is five months ahead of schedule in construction for a new port adjacent to existing Ashdod Port.
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NewsDP World and Georgia discuss economic cooperation
DP World Group chairman and CEO, Sultan Ahmed Bin Sulayem met with the Prime Minster of Georgia, Giorgi Kvirikashvili, at the Annual Investment Meeting in Dubai.
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NewsGulftainer registers strong performance in 2015
The world’s largest privately-owned and independent port operator Gulftainer recorded a strong performance in 2015, with an overall growth of 4% across its global portfolio.
