Cargo flows through Dubai delayed by flooding, with 300 flights cancelled
Cargo flows out of the Gulf have been upended after two years’ worth of rain ...
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By Alex Lennane
It’s all change at DP World. The terminal operator plans to buy Jebel Ali free zone in the second quarter of next year, if the decision is approved by shareholders next month. The $2.6bn deal will give it “significant strategic, operational and financial benefits,” it said. The company also plans to de-list from the London Stock Exchange, as about 99% of its shares are now held by investors using Nasdaq Dubai.
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