August 7th, 2019 | 0 commentsDubai Aerospace Enterprise Ltd. (DAE), a global leading aircraft leasing company, reported achieving a profit of $197.1 million for the first half of 2019, versus $195.2 million in H1-18. The company has generated total revenue of $726.9 million for H1-19, compared to $711.4 million in the corresponding period of 2018, DAE said in a state...
August 7th, 2019 | 0 commentsThe Egyptian Ministry of Transport on Tuesday signed supply and maintenance contracts with Korean-French conglomerate for air-conditioned six subway trains and two tractors for the Second Line of Cairo Metro. A complete plan for the development of the First and Second Line, with total investments of EGP 30 billion ($1.81 billion), was dev...
August 5th, 2019 | 0 commentsDubai Maritime City Authority (DMCA) recently discussed the importance of promoting safety and operational efficiency, at the Maritime Advisory Committee meeting. The meeting, which was attended by maritime stakeholders from both the public and private sectors, included key discussions on how to provide full support in the ongoing efforts...
July 31st, 2019 | 0 commentsCanal Sugar Co. plans to establish a grain terminal and a pier with investments valued at $200 million in the Egyptian port of Damietta, the company’s CEO and managing director Islam Salem said. The project will include a 250-metre pier for transporting grains as well as a grain terminal, the top official added on the sidelines of the pro...
July 31st, 2019 | 0 commentsDP World Sokhna has received two Liebherr LHM550 mobile harbor cranes worth EGP 140 million ($8.4 million), according to a statement released by the Suez Canal Economic Zone (SCZone) on Tuesday. This move aims to further boost the company’s productivity at the container facility at Ain Sokhna Port on Egypt’s Red Sea coast. The new cranes...
July 31st, 2019 | 0 commentsAin Sokhna Port on Egypt’s Red Sea coast is currently witnessing the largest expansion project, the second basin project, with investments of EGP 10 billion ($560 million), head of Suez Canal Authority (SCA) and Suez Canal Economic Zone (SCZone), Mohab Mamish, said. The expansion project includes a new container facility covering 350,000...
July 29th, 2019 | 0 commentsIthraa, Oman’s inward investment and export development agency, in an effort to promote the sultanate’s distinct business offering has teamed up with Oxford Business Group (OBG) to launch the Oman Report 2020. OBG operates in many of the world's fastest growing markets, offering internationally acclaimed intelligence on countries such as...
July 29th, 2019 | 0 commentsThe United Projects Company for Aviation Services (UPAC) posted a year-on-year decline of 22.5% in profits during the second quarter of 2019. From April to June 2019, UPAC registered KWD 2.19 million ($12.73 million) worth of profits, compared to KWD 2.83 million ($9.31 million) in Q2-18, according to a bourse disclosure on Sunday. During...
July 29th, 2019 | 0 commentsSaudi Public Transport Company (SAPTCO) reported its interim financial statement for the first half of 2019. Net losses after zakat and tax decreased by 66.9% to SAR 9.85 million during the second quarter of 2019, compared to SAR 29.8 million in Q2-18, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Sunday. T...
July 26th, 2019 | 0 commentsThe global port operator DP World will invest $45 million in Puerto Lirquén in Chile, Dubai Media Office posted on Twitter. This step aims at consolidating DP World Chile as the largest multipurpose terminal in the Bio Bio region by buying the three ship-to-ship super post Panama cranes, Dubai Media Office added. In January, DP World reve...
