Middle East – Page 21
-
News
Saudi Arabia takes first privatisation steps
Saudi Arabia''s eight state-owned ports will be managed by an independent company as part of a gradual privatisation process, Saudi Ports Authority has announced.
-
News
DP World denies disagreements with Egyptian government
Media speculation that DP World is in dispute with the Egyptian government over Sokhna Port has been publicly denied by the Emirates-based operator.
-
News
New Al-Faw port project
Iraqi Transport Minister, Amer Abdul-Jabbar, has announced that an Italian consortium is to construct a new port at Al-Faw.
-
News
Go ahead for Israeli ports privatisation
Israel''s Minister of Finance has signed the ports user rates reform, which will eventually allow Haifa Port Company and Ashdod Port Company to be privatised.
-
News
Salalah aims lower on CO2
Plans to further address the Port of Salalah’s carbon emissions have been unveiled.
-
News
Dubai World rescheduling debt
A recent visit to Dubai by a UK trade minister resulted in him commenting that "some progress" has been made by Dubai World in renegotiating the terms of its debt. The company, which owns DP World, has around $22bn of debt on its books.
-
News
Saudi Arabia biggest port security spender in Middle East
Saudi Arabia is planning to spend $26.3m on port security, making it the largest spender in this area in the Middle East.
-
News
Doha to be dotted with box terminals
The proposed New Doha Port will have a five kilometre long access channel, alongside which will be located a number of large container terminals.
-
NewsDP World linked to London IPO
DP World is being linked with the possible sale of shares on London''s stock exchange, with the company hoping to join the FTSE 100 index of shares.
-
News
Eilat workers up the ante
Employees of Eilat Port Company Ltd are seeking to obtain 15% of the company''s equity when it is eventually privatised, despite a government offer of just 10%.
-
NewsSuez terminal benefits from upgrades
Against a background of struggling volumes and a 20% drop in ship numbers transiting the Suez Canal, the Suez Canal Container Terminal (SCCT) showed an unexpected 11% rise to a record 2.7m teu in 2009.
-
News
DP World mulls Australian IPO
Unconfirmed reports from Australia suggest that DP World is contemplating raising $884m through an initial public offering of some of its local assets.
-
News
Iranian investors eye Iraqi ports
A group of Iranian investors has met officials of the Iraqi Ports Company with a view to making some limited investments in the Basra area.
-
News
Haifa hangs on SPARCS
Israel''s largest container handling port, Haifa is to replace its existing terminal operating system the Navis Sparcs N4 operating system. The system promises improved customer support, increased stacking yard capacity and greater control over resources.
-
NewsNo bail out for DP World
The government of Abu Dhabi has given neighbouring Dubai a loan of $10bn, part of which will go towards covering financial obligations currently faced by Dubai World.
-
News
Red Sea Gateway gets going
The completion of the first phase of Jeddah Islamic Port''s newest world-class container facility, Red Sea Gateway Terminal (RSGT), was recently celebrated with the arrival of UASC''s Al Muttanabi. Located at the northern end of the Jeddah Islamic Port (JIP), the 1.8m teu, second-generation terminal constructed under a buil-operate-transfer agreement ...
-
News
ICTSI unit wins Syrian award
Tartous International Container Terminal (TICT), was recently named best Container Terminal Manager in Syria. TICT was one of 25 Syrian companies chosen in the recent World Finance Syria Economic Reform Awards held in London. The awards were given to companies who weathered the social and economic problems of the country.
-
News
Aden seeks more transhipment traffic
The Port of Aden is looking to expand its infrastructure to enable it to attract higher levels of transhipment traffic. The two existing terminals are managed by a joint venture between a state-owned company and DP World. Design work on the planned extension is begin in 2010.
-
NewsPorts free of Dubai woes - almost
The ports industry released what must have been a collectedly-held breath when on Wednesday the Government of Dubai finally told investors that DP World and its debt "are not included in the restructuring process for Dubai World."
-
News
DP World detects market stabilisation
DP World has detected stabilisation in the decline of container traffic - despite a 6% drop in traffic in Dubai for the third quarter of this year.
