Ports

The $835m acquisition of Brazilian port operator CLI marks AD Ports Group’s first strategic entry into South America

Revenue rose 47 per cent to Dhs7.08bn, supported by maritime, logistics and economic zone operations

Across terminals where DP World has operational control, the company handled 27.4 million TEU, an increase of 7.5 per cent year-on-year

Port security should not be seen as an obstacle to trade but as a core pillar of competitiveness, says Sykes

The company reported that net profit for the year was $1.5bn, down 2 per cent, primarily due to higher finance costs

AD Ports Group’s expansion into Angola follows the signing of a 2023 framework agreement between the company and the Angolan government