Browsing: UAE
Non-oil trade is up by 17% over H2 2021 as the government works to sign international agreements and partnerships.
DP World, Dubai’s major operator of ports and terminals, announced revenue growth of 60.4% in H1 2022, recording revenues of USD 7.93 billion.
Kenya and the UAE have begun discussions around the creation of an agreement to bolster trade and investment.
Africa’s emerging markets are seeing increasing levels of investment, as investors seek out unique firms and engaging products and the continent exhibits huge potential.
GCC trade with Egypt continues to increase, with Egypt exporting USD 4.5 billion to the GCC.
EFG Hermes, a leading investment bank franchise, has concluded the advisory of regarding Agthia’s acquisition of Auf Group.
DP World aims to strengthen its position as the leading market access and logistics provider in Africa with its stake in the Nigerian firm.
Dubai has ranked fifth among leading global ports in the ISCD Index thanks to investment in infrastructure and business diversification.
The UAE ranked as the second most important international commodity hub, while South Africa and Nigeria ranked ninth and tenth respectively.
AD Ports gains 70% stake in two Egyptian maritime companies for USD 140 million in the company’s first international acquisition.