Middle East – Page 22
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Gulftainer confirms Iraq forays
Middle East operator Gulftainer has confirmed that it is actively involved in "new ventures" in Iraq.
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Israel to privatise Ashdod and Haifa
The Israeli government is to go ahead with the privatisation of the Ashdod and Haifa port companies.
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Gulftainer invests in the future
United Arab Emirates-based Gulftainer is optimistic that throughput at its Sharjah Container Terminal "may show some growth" this year in defiance of the global downturn.
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NewsThroughput boost for Syria's TICT
Syria''s Tartous International Container Terminal (TICT) recorded a 44% increase in container throughput during the first six months of the year over the same period in 2008 and is gearing up for a further increase in volume and vessel calls over the coming months, according to Romeo Salvador, TICT general ...
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NewsBy-passing the Gulf
Are port infrastructure development projects aimed at placing Saudi Arabia as the transhipment hub of the Middle East? Patrik Wheater reports
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NewsAPMT opens Dubai office
Operator APM Terminals has inaugurated its regional head office in Dubai for its Africa, Middle East & Indian subcontinent region.
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NewsGulf investment becomes unsure
Declining oil revenues and the current economic downturn could put at risk $40bn of investment planned in ports and terminals across the Gulf region.
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NewsNo real change at DP World
It''s ''business as usual'' at port conglomerate DP World despite declining volumes on the back of the financial crisis, in contrast to the euphoric years of 2007 and 2008.
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Iraq improves Umm-Qasr
Iraq''s Transport Ministry has revealed that Iraqi Ports Company has signed a $12.6m contract with local company to expand Umm-Qasr port near Basra. Work will be completed within 210 days.
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Haifa's new box terminal completed
Israel Ports Company has completed its $250m Carmel container terminal and has turned over operations to the Haifa Port Company.
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NewsJordan ports body hits a wall
The Ports Corporation of Jordan, which is due to be transformed into a standalone company, could take longer than expected.
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Plug pulled on Jebel Ali 3
The current state of the global container market has prompted DP World to delay its $1.5bn investment in a proposed third terminal at Jebel Ali. The project will be re-visited once business prospects improve. Completion of Terminal 2 earlier this year brought capacity to approximately 11m teu, which is viewed ...
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NewsAshdod port says no to new container capacity
Ashdod Port Company Ltd has written to the Israeli government to state that no new container handling facilities need building in the port for at least 15 years.
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Tender issue for Boubyan island
Kuwait is to issue a tender for the development of a port on Boubyan Island, located at the entrance to the waterway leading to Iraq''s main port in the Gulf.
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DP World to sell equity stake as profits fall
Dubai-based private equity fund, Abraaj Capital, has been linked to a 15% stake in DP World, an approach that has been confirmed by the terminal operator.
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Port Said tariff incentives
Port Said Container and Cargo Handling Co has implemented a range of pricing discounts to encourage exporters, importers & investors to co-operate with its container terminal and dry port. The incentives include a 50% reduction in reefer power tariffs and 10 days free storage of import containers.
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Waiting times to fall at Algiers
By the beginning of next year, DP World has stated that waiting time for vessels at the port of Algiers will be reduced from three weeks to just four days.
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Stake in Israeli ports up for grabs
The Israeli government is planning to offer a 49% stake in both Ashdod Port Company Ltd and Haifa Port Company Ltd in 2011 in shares that will be listed on the Tel Aviv Stock Exchange. Arrangements to do this have already been included in the Ministry of Finance''s 2009 economic ...
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NewsJordan port study
A field study for a new port in the Gulf of Aqaba on the southern tip of Jordan has been completed.
