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DP World sells Adelaide port to Flinders   

Khaleej Times - 04 July, 2012

Port operator DP World handed over its 60 per cent holding in Adelaide’s container terminal to Flinders Port after the Australian firm exercised its right to buy the stake, DP World said on Tuesday.

The stake sale was triggered by a transaction entered by the state-owned Dubai firm last year to sell 75-percent of its Australian operations to private equity firm Citi Infrastructure Investors (CII) for $ 1.5 billion.

Flinders, which owned the remaining 40 per cent in the terminal, received the rights to acquire the DP World stake following that deal.
 
UAE-based NRIs invest Rs15b in Indian real estate projects
Source : Khaleej Times  
Date : 2013-06-16
The Indian property sector is a promising growth market and it will continue to attract non-resident Indians, or NRIs, in the UAE, who have invested around Rs15 billion in the...
NAMLC holds 2nd meeting for 2013
Source : Khaleej Times  
Date : 2013-06-16
The National Anti-Money Laundering Committee, or NAMLC, held its second meeting for 2013 at head office of the Central Bank of the UAE in Abu Dhabi, under the chairmanship of...
ANB opens new branch in Riyadh
Source : Saudi Gazette  
Date : 2013-06-16
Arab National Bank (ANB) inaugurated its new branch inside the Business Gate on King Khaled International Airport Road in Riyadh....
Sadara set to close funding
Source : Saudi Gazette  
Date : 2013-06-16
Sadara Chemical Company is aiming to reach financial close on the SR7.5 billion funding for the project by mid-June....
Gulf bank deposits total SR 3.49 trillion in Q1
Source : Arab News  
Date : 2013-06-16
Bank deposits in the Gulf region totaled SR 3.49 trillion ($ 930.9 billion) at the end of the first quarter of the year, a study has revealed....
Tadawul plunges by 329.5 points
Source : Arab News  
Date : 2013-06-16
It turned out to be largely negative for investors yesterday, as Saudi Arabia's benchmark stock index (TASI) recorded a decline of 4.32 percent, which is the biggest intra-day decrease in...
King Khalid Foundation, NCB support four charity projects
Source : Arab News  
Date : 2013-06-16
The National Commercial Bank (NCB) recently signed an agreement with King Khalid Foundation to give financial donations to the best charity foundations that were able present a plan of a...
GCC retail sector to reach $ 221bn in 2015
Source : Saudi Gazette  
Date : 2013-06-16
The GCC's retail market is poised to reach $ 221 billion by 2015 at an annualized growth of 7.9 percent for the period 2012-15, mostly driven by food and beverages...
Saudi shares plunge most in 2 years amid regional tensions
Source : Gulf Times  
Date : 2013-06-16
Shares on Saudi Arabia's stock exchange, the Arab world’s biggest, had the largest drop in almost two years, led by banks and telecom companies, amid concern that fighting in Syria...
Economic outlook in Mena strong
Source : Gulf Today  
Date : 2013-06-16
Mena's economic outlook remains strong, according to QNB Group. The global economy and domestic political uncertainty in a number of Mena countries, the region is expected to grow in the...
Dubai Exports promotes its Islamic economy expertise
Source : Khaleej Times  
Date : 2013-06-16
Dubai Exports promoted the emirate's expertise in the Islamic economy to Canadian firms in Vancouver and Toronto, the Department of Economic Development agency said in a statement....
International Islamic wins award at Global Sukuk Summit
Source : The Peninsula  
Date : 2013-06-16
International Islamic (Qatar International Islamic Bank-QIIB) has won the award for ‘Best Islamic Bank in Qatar’ at the Global Sukuk Summit held in London....
Saudi inflation to keep rising
Source : Saudi Gazette  
Date : 2013-06-16
Rental prices are expected to rise in the coming months due to the summer holidays and specifically in western region cities as the holy month of Ramadan approaches, the National...
Key sectors discussed by UAE and Montenegro
Source : Khaleej Times  
Date : 2013-06-16
The first meeting of the UAE-Montenegro Joint Economic Committee, which concluded in Podgorica, the capital of Montenegro, focused on laying the foundations for a new start of economic relations between...
Qatar spending seen rising
Source : Gulf Times  
Date : 2013-06-16
Qatar's public spending will gather pace over the next two years, keeping the overall GDP growth at more than 5% as the country looks towards infrastructure improvements, a new study...
Revenues hit RO 4.7bn
Source : Oman Daily Observer  
Date : 2013-06-16
The government revenues rose by 2.5 per cent at the end of April to RO 4,716.9 million against RO 4,599.8 million during the corresponding period in 2012....
UAE leaps over China as top importer of Saudi products
Source : Arab News  
Date : 2013-06-16
Saudi Arabia's external trade continued to display moderation for the third month in a row in March. The value of exports totaled SR 16.5 billion versus SR 17.5 billion a...
Iran exports over 3m tons of cement, clinker
Source : Tehran Times  
Date : 2013-06-15
Iran exported over 3 million tons of cement and clinker in the first two months of the current Iranian calendar year, which began on March 21, the Mehr News Agency...
Jeddah port handles 10.8 m tons of goods
Source : Arab News  
Date : 2013-06-15
Jeddah Islamic Port handled 10.8 million tons of goods during April and May, a 4.5 percent increase from the same period last year....
Al Mazroui urges efforts for UAE global ranking
Source : Gulf Today  
Date : 2013-06-15
In line with the leadership's vision and approach to enhance energy efficiency and promote the global standing of the UAE, the Ministry of Energy adopts an integrated and unified federal...
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