DP World volumes inch up 1.6% in second quarter

Dubai: DP World, the Dubai-based ports operator, reported on Tuesday a 1.6 per cent increase in the container volumes it handled in the second quarter of 2019, even as volumes in the Middle East fell. The company handled 18.3 million TEU (Twenty-Foot Equivalent Units) in the second quarter of this year, up from the 18 […]

DFSA to probe Abraaj management

Dubai: The Dubai Financial Services Authority said its investigation into the collapsed Abraaj Group is focusing on the buyout firm’s senior management and people who failed to report irregularities. “We will use all of our powers to deal with those who are found to be culpable,” the regulator said in its 2018 annual report published […]

Dubai Land Department launches Manzili initiative

Dubai: Dubai Land Department (DLD) launched the Manzili initiative within the framework of a strategic partnership between public and private sectors to develop Dubai’s real estate market. The Manzili calculator displays all properties that match a customer’s financial capabilities with preferential options upon registering for current and monthly savings, including location and space, among other […]