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Adnoc drops Braskem bid + DP World completes Savan Logistics acquisition
The move sees DP World assuming management of the dry port
China’s EHang to develop eVTOLs in the UAE + JAS breaks ground on logistics hub
PLUS: UAE, China to collaborate in clean energy
DP World is reportedly eyeing an acquisition of Hong Kong-based Cargo Services Far East
A takeover could be valued at as much as USD 400 mn
Adnoc begins crude oil production from Belbazem offshore block
PLUS: DP World to boost container handling capacity globally
DP World to build new grain and fertilizer terminal at Brazil’s Santos Port + boost global handling capacity by year’s end
The new terminal is set to handle 12.5 mn tons per year
Dubai-based sustainable sailing club secures USD 1 mn in pre-seed funding
PLUS: Positive Zero and Schneider Electric to ramp up adoption of clean energy technologies in UAE and Oman
Du secures fintech license + Dubai is getting a new university
Plus: Infrastructure, healthcare, real estate, energy, logistics, and sports news
Majid Al Futtaim and DP World report 2023 earnings
The company’s consolidated revenue rose 1% to AED 34.5 bn during the year
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