Terminal tractors line up to offload their containers into a cargo ship at DP World’s fully automated Terminal 2 at Jebel Ali Port in Dubai. Reuters
Despite the challenges facing it owing to the US-China financial spat, frontline trade enabler and a world leader in port terminal operations, DP World, has been making impressive strides in maritime services and free zones.
DP World has announced the completion of its acquisition of a 51 per cent stake in TIS Container Terminal in the Port of Yuzhny, Ukraine. This follows satisfaction of specific conditions including confirmation of regulatory approval from the relevant government authorities.
The patented HBS is an automated container handling system that stacks containers up to eleven storeys high. It delivers more than three times the capacity of a conventional yard with enhanced performance,
The benchmark Nikkei 225 index rose 0.41 per cent, or 93.72 points, to 22,843.96, while the broader Topix index jumped 1.23 per cent, or 19.57 points, to 1,605.53.
The number of people in work in Britain has suffered the biggest drop since 2009 and signs are growing that the coronavirus will take a heavier toll on the labour market as the government winds down its huge job-protection scheme.
Emaar Malls reported revenue of Dhs1.657 billion ($ 451 million) in the first half of 2020. With a first-half net profit of Dhs345 million ($ 94 million) the result demonstrates the resilience of the business.
Dubai Land Department, in cooperation with Property Finder, launched the fourth edition of Mo’asher, Dubai’s official sales price index. The base year for Mo’asher is 2012 and the base month for the monthly index is January 2012,