Masdar City, Abu Dhabi’s flagship sustainable urban community, has launched Tech Park, a new destination for start-ups focused on technology,…
In 2018, Renault Trucks recorded its fourth consecutive year of sales growth. The manufacturer has announced a rise of 7.6% in…
Infor, a global leader in business cloud software specialized by industry, today announced that global trade enabler DP World, as…
Following the directives of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai of facilitating business procedures, Dubai Customs signed a memorandum of understanding with the Dubai Free Zones Council to help with the implementation of the “Virtual Stock Guarantee” initiative. The new facility was developed by Dubai Customs to support re-export activity from free zones to external markets within Dubai Customs’ efforts to help Dubai maintain a leading position and turn into a world economic capital. This initiative is the first of its kind in the world.
U.S Chiller services (USCS) is pleased to announce that they have been awarded the comprehensive operation and maintenance of 3 district cooling plants for the Abu Dhabi National Oil Company (ADNOC). USCS will be responsible for complete operation, maintenance, services and energy optimization of the three chilled water plants for five years beginning March 1, 2019.
Continental, the leading German tyre and automotive technology company, has announced the appointment of Karel Kucera to lead the company’s Middle East and Africa operations as the new Managing Director. A Continental veteran of almost 20 years, Kucera took on the new role on 1 March 2019 and will be based in the company’s regional office in Dubai, overseeing more than 19 markets across the region.
Saudi Airlines Cargo Company has appointed Per Hojlandto the position of Executive Director, Cargo Operations Worldwide. Per, a Danish national,…
IVECO, in partnership with its dealer Global Motors Centre (GMC) inaugurated a new, state-of-the-art showroom and service centre in Nairobi, Kenya today with the participation of sixty among the most important companies in the local transport sector and twentyfive journalists. The ceremony was hosted by Mr. Farooq Sheikh, Managing Director of GMC and by Mr. Marco Torta, Area Manager for East Africa at IVECO.
Global trade enabler DP World today announces strong financial results for the year ended 31 December 2018. On a reported basis, revenue grew 19.8% and adjusted EBITDA increased 13.7% with adjusted EBITDA margin of 49.7%, delivering profit attributable to owners of the Company, before separately disclosed items, of $1,270 million, up 5.1%, and EPS of 153.0 US cents. On a like-for-like basis, revenue grew 4.2%, adjusted EBITDA increased by 6.6% with adjusted EBITDA margin of 54.1%, and earnings attributable to owners of the Company increased 7.6%.
Emirates SkyCargo is now the second largest air cargo operator in the world, operating a fleet of freighters to over 40 destinations across six continents, next to its 260 passenger aircraft moving passengers and cargo between 158 airports. In total the company carried 2.6 million tonnes of cargo in 2017/18.