Middle East

Damietta International Port Company, made up of a consortium headed by KGL Port international of Kuwait, has obtained a loan worth $480m organised by Ahli United Bank and Arab Banking Corporation. This…

Israel Ports Development & Assets Company Ltd has put forward a $130m investment plan for 2008, which must now be approved by the government. At least 70% of the money will be…

Since the start of its financial year on March 21, 12 private companies have signed contracts worth $181m to operate in nine Iranians ports, according to official figures.

Qatars Finance Minister has announced the construction of a new $5.5bn port at Mesaieed, located to the south of Al Wakra. Driving the project is the perceived need to bring down import…

DP World is to raise a $2.7bn syndicated loan to finance overseas investment and gentle corporate costs. 

DP World believes it will be able to increase throughput at Jebel Ali to 40m teu within four years as a result of expanding regional trade.

DP World has decided not to go ahead with a $5bn flotation on the London Stock Exchange as a means of funding future expansion and acquisition projects because it believes it will…

DP World plans to issue both conventional bonds and Islamic bonds as a means of extending its debt maturity profile. 

Four new berths have been commissioned at Saqr Port in the United Arab Emirates. These 795 metre long berths will bring to 12 the number of operational berths available to shipping. The…

Oman-based Port Services Corporation, which operates and manages Port Sultan Qaboos, has revealed that it is seeking additional port management possibilities both within Oman and also abroad. Initially, negotiations are to be…

KGL Ports International has signed a memorandum of understanding with Qatar-based Tatweer Infrastructure Company to undertake joint port infrastructure projects wherever they present themselves.

DP World has placed an order for 129 terminal trailers with global handing solutions provider Gaussin.The trailers, due for delivery this summer, will operate in the new Terminal 2 expansion phase of…

DP World reported a net profit of $216.9m in 2006 compared with one of $242.5m in 2005. 

The Labour Court in the Israeli city of Haifa has determined that local port workers will be personally fined € 182 ($248) for every hour that they go on strike. Should the…

Jordan is readying itself for a $3bn project to relocate its only port, Aqaba, to deeper waters 20 km south to expand its handling capacity. The government has confirmed that it has…

The Port of Salalah is to increase capacity by more than 200% over the next seven years according to its new master plan. Berth 5 is due to come online by the…

Existing companies at the port of Tema have called upon Ghana Ports andHarbours Authority to scrap an agreement that it has with a foreignconsortium, Meridian Port Services (MPS), to operate the containerterminal. 

By 2010, capacity across all Iran is ports will have reached 150m tonnes, compared with 115m tonnes at present.

Eight consortia have sought prequalification to bid for the Khalifa and Industrial Zone project, with initial infrastructure work scheduled to commence by mid-year, claims Abu Dhabi Port Company.

The plan announced by Liberias National Port Authority to lay off 350 workers because of financial difficulties has been challenged by the Dock Workers Union.