Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

DP World gives up Yemen JV for USD27m  Join our daily free Newsletter

MENAFN - 22/09/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) DP World has reached an agreement with Yemeni port officials to sells its stake in a joint venture for USD27 million, Arabian Business reported.

DP World, the world's third largest operator of container ports, will sell its 50 percent stake in Dubai and Aden Ports Corporation (DAPDC) to Aden Port Development Company, a wholly owned unit of Yemen Gulf of Aden Ports Corporation (YGAPC).

In June, Yemen's anti-corruption body said it would ask parliament to cancel the deal with the world's third largest port operator, claiming the company had failed to carry out investment projects on time.

DP World described the deal as amicable, thus strengthening the excellent relationship between the governments and peoples of Yeman and the UAE.

At the time, DP World said the allegations were "misleading and unfounded".

 






  MENA News Headlines


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help