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DP World set to go into private ownership
DP World Ltd.’s parent company Port and Free Zone World has offered to acquire the 19.55 per cent of the port operator’s shares traded on Nasdaq Dubai, returning the company to private ownership. DP World stated the disadvantages of staying listed on the stock exchange outweigh the benefits. The move will enable DP World to […]
Bihi Happy with Development at Berbera Port
Somaliland President Muse Bihi has expressed his country’s excitement over the fast expansion of the Port of Berbera which is expected to be completed before the end of the year. The president while inspecting the infrastructural developments at the port said once complete it will place the country on the international map, create jobs for […]
Growth of Berbera Port a Concern to Djibouti
Djibouti government is concerned about the growth of the Somaliland Port of Berbera despite remarks by the President saying they are not threatened with the developments. In what is seen at a swipe at the DP World rather than ignoring the growing influence of Berbera port, Djibouti President Ismail Omar Guelleh accused the Dubai based […]