The purchase of EZW, currently owned by Port and Free Zone World, includes the assumption of net debt of $859 million.
Consolidated volumes, at terminals over which DP World has control, rose 8.8 per cent to 7.3 million TEU.
The moves were part of a gradual tightening of EU sanctions against the government of Syrian President Bashar al-Assad.
The distribution centre is also IKEA Group’s first direct investment in the region and is scheduled for completion in September 2015.
Prince Alwaleed said he was “impressed” by Narendra Modi’s speech when he was in the US.
The office adds to DCCI’s presence in the Ethiopian capital Addis Ababa.
The wheat is to be shipped in 10 consignments, with 310,000 tonnes for shipment to the port of Jeddah and 300,000 tonnes for the port of Dammam.
The security council said in a statement that oil trade provides financial support to such “terrorist groups”.
Foreign arms deals are giving way to genuine partnerships, and business deals and cooperation agreements with defense and technology companies in other countries.
Kazakhstan is introducing a 15-day visa-free regime for citizens from 10 countries.
The free zone registered 1,027 companies in the first six months of 2014.
Saudi Arabia has become a major importer of hard and soft wheat since abandoning plans for self-sufficiency in wheat in 2008.
Global ranking of peacefulness also places Bahrain significantly behind its GCC peers at 111 globally.
Aramex CEO Hussein Hachem says he will be looking to bring Mail Call’s ‘WantItNow’ e-commerce delivery service to other markets.
Narendra Modi’s BJP party won the 2014 Indian elections with a landslide majority.
Stickers printed by far-right politician Geert Wilders display anti-Islam slogans.
The full functioning of the Gulf Customs Union has been partly delayed by disagreements over a formula on how to divide customs revenues between the states.
The JV will see parcel lockers for the collection of e-commerce purchases setup across the region.
Second citizenship expert says he has seen a significant jump in interest from Russian millionaires in the last month.
The company handled 6.76 million twenty-foot equivalent units in the quarter, compared with 6.19 million TEU in the corresponding period of 2013.
The company’s revenue for the quarter also rose 6 per cent year-on-year.
Minister wants to ‘turbo charge’ investment opportunities on back of abundant air links
Cargo traffic at Abu Dhabi’s Khalifa and Zayed ports combined is expected to top 12 million tonnes this year, up from 9.3 million tonnes in 2013.
Iran boasts a large, educated population and a wealth of business opportunities, writes Ali Borhani, founder of Incubeemea.com.
Peru hopes to double trade with the UAE this year, according to the head of the Trade, Tourism and Investment Office of Peru in the UAE.
The Dubai Department of Economic Development is currently conducting a feasibility study along with Noor Investment Group.
The non-oil foreign trade of Dubai rose to Dhs1.329 trillion ($362 billion) in 2013, data from Dubai Customs revealed.
The 1,600-company freezone now accounts for 8 per cent of Dubai’s trade
Trade missions designed to foster opportunities across food & beverage, agriculture, education, urban design, marine and fashion
The original contract had to be renegotiated after Saudi requested more advanced weaponry and equipment for the Typhoon fleet.