DP World buys back Britain-based P&O Ferries for $421m

Dubai: DP World has bought back British ferry and shipping freight operator P&O Ferries for ÂŁ322 million ($421 million; Dh1.53 billion), more than a decade after it sold it. DP World acquired the British shipping and logistics company in 2006 but soon sold off some assets, including P&O Ferries to its major shareholder, state holding […]

Dh2.7 billion worth of defence deals signed on fourth day of Idex in Abu Dhabi

Abu Dhabi: The UAE Armed Forces signed 29 contracts worth Dh2.7 billion on the fourth day of International Defence Exhibition (Idex) in Abu Dhabi, organisers announced during a media briefing on Wednesday. Twenty local firms won Dh787 million worth of deals, whereas international firms secured deals amounting to Dh2 billion. Seven international companies, including those […]