Middle East

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…

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…

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…

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…