Arab Today, arab today dp world upgraded by credit suisse
Last Updated : GMT 22:04:34
Arab Today, arab today
Arab Today, arab today

DP World upgraded by Credit Suisse

Arab Today, arab today

Arab Today, arab today DP World upgraded by Credit Suisse

Dubai - Arabstoday

DP World is set to benefit in the long term from its presence in regions that have been less hit by the economic downturn and from investments in its existing and new facilities, Credit Suisse said. The brokerage upgraded DP World to \"outperform\" from \"neutral\", and said it expects a softer slowdown of global container volumes growth. DP — which is relying on its emerging markets focus to offset a potential economic slowdown — is geographically hedged as growth has resumed at most of its markets, including the UAE and Latin America, which saw milder downturns, analyst Vincent Resillot said. Drydocks World Drydocks World LLC will rely on its operations in Dubai to make up for the \"challenge\" posed by its investments in Far East, a Dubai government official said. \"In reality the main money generator is Dubai, and Dubai is doing really well,\" Mohammad Al Shaibani, Director-General of the Dubai Ruler\'s Court, said in an interview yesterday. \"They are very busy, almost 100 per cent occupancy. They have a huge business in the pipeline.\" Drydocks World, a unit of state-controlled Dubai World, borrowed $2.2 billion (Dh8.07 billion) to finance two acquisitions in Singapore to gain ships and Asian shipbuilding sites. Chairman Juma Bu Amim said in December the company hasn\'t asked for government support on the debt. Dubai Aerospace Dubai Aerospace Enterprise Ltd said its acting Chief Executive Officer George Mushahwar left the company. Dubai Aerospace\'s core management team, led by the chief operating officer, remains intact and committed to enhancing shareholder value, the company said in an emailed statement yesterday. Mushahwar left to start an independent business venture, it said. Kuwait Finance House Kuwait Finance House (KFH), the country\'s largest Islamic bank, said yesterday its profit fell by 24 per cent in 2011, as the lender put aside money to meet investment losses. Profit for the year fell to 80.3 million Kuwaiti dinars (Dh1.06 billion) from 106 million dinars in 2010, the lender said in a statement. The bank made 9.6 million dinars in the fourth quarter last year, based on Reuters calculations, compared with an estimated profit of 20 million for the period. The lender said its board is recommending the distribution of a cash dividend of 15 fils per share, and bonus shares representing 15 per cent of paid up capital. The Sharia compliant partnered with Grosvenor Investment Management US (GIM) to invest up to $600 million in health care-related real estate, it said in October. UNB Egypt Union National Bank (UNB) Egypt, a Cairo- based lender, said its six-month profit rose 24 per cent. Net income for the period that ended Dec-ember 31 was 17.5 million Egyptian pounds (Dh10.6 million) compared with 14.1 million pounds a year earlier, it said in a filing to the Egyptian bourse yesterday. Turkiye Is Bankasi Turkiye Is Bankasi, Turkey\'s biggest bank by assets, is assessing plans to open branches in Baghdad, Batumi in Georgia, Karachi, and Baku in Azerbaijan. Isbank is also evaluating opportunities in Kosovo, it said in press release to reporters before a news conference in Istanbul yesterday. Isbank had 48 branches in 12 countries outside Turkey, with a total asset size of 28.3 billion liras (Dh58.8 billion) at the end of 2011, according to the statement. The bank opened 65 branches in Turkey in 2011 and will expand its network more this year, it said. Yapi & Kredi Bankasi Yapi & Kredi Bankasi, the Turkish bank owned by Italy\'s UniCredit and Koc Holding, will sell 30 million liras (Dh62.4 million) of six-year coupon bonds to investors via private placement. The issue will be part of 300 million liras of bonds Yapi Kredi plans to sell via private placement, under a plan approved by the market regulator in May, to offer as much as 3.5 billion liras of bonds, it said in a statement to the Istanbul Stock Exchange yesterday. 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dp world upgraded by credit suisse Arab Today, arab today dp world upgraded by credit suisse

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Hamas leader accuses Israel

GMT 11:43 2017 Tuesday ,28 March

Hamas leader accuses Israel
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 13:21 2017 Tuesday ,28 March

Samsung plans to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday