DHL to acquire remaining shares in Danzas AEI Emirates
DHL Global Forwarding (DHL) has signed an agreement to acquire the remaining shares in Danzas AEI Emirates from Investment Trading Group. Both entities have been managing the company through a […]
Dubai’s DP World invested $6bn to become supply chain giant
DP World invested more than $6bn to evolve into a comprehensive supply chain player, as the company capitalised on the slow evolution of the supply chain industry to invest in […]
Up in the air: Abu Dhabi-listed Easy Lease plans for drone delivery service
Abu Dhabi has moved a step closer to having delivery drones buzzing across its skies: Motorcycle-leasing company Easy Lease has teamed up with drone technology company SkyGo to provide package-delivery […]
Stats Group wins big Abu Dhabi subsea pipeline project work
UK-based Pipeline technology specialist Stats Group said it has been commissioned by UAE-headquartered oil and gas EPC contractor National Petroleum Construction Company (NPCC) to provide pipeline isolation, hot tapping and […]
NPCC pens pipe deal with Al Gharbia Pipe Company
National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Company (NMDC), has signed a purchase order agreement with Abu Dhabi-based Al Gharbia Pipe Company (AGPC) on […]
AD Ports Group acquires 80% of GFS for $790mln
Abu Dhabi’s AD Ports Group has announced an AED 2.9 billion ($790 million) acquisition of an 80% stake in Dubai-based Global Feeder Shipping (GFS), implying a 100% enterprise value of […]
DP World Marine Services adds UAE coastal service
DP World has introduced a new coastal service for the UAE, connecting its Jebel Ali hub to other ports around the country, supporting key customers by easing supply chain bottlenecks. […]
AD Ports reaches key milestone in new terminal work
AD Ports Group has installed the first 90-tonne block for the quay wall of the new CMA Terminals Khalifa Port, marking the major development milestone with a special […]
Gulf Navigation Holding sees lower profits in Q1-22
The net profits attributable to the owners of Gulf Navigation Holding (GNH) plunged to AED 1.65 million in the first quarter (Q1) of 2022 from AED 80.13 million in the […]
