DP World posted strong results for the first six months of 2011 of $741mn, up from US$219mn in the same period last year, which was boosted by the one-time gain for the Australia business.
DP World first half year profits rebound
Logistics
Construction of Mecca rail project to begin in 2013
Stage 1 construction of the Mecca Mass Rail Transit project (MMRT) is set to begin in 2013 with services due to begin in 2017.
Advance Rail Group partners with Saudi firm for future rail projects
UAE-based Advance Rail Group (ARG) has joined up with a major Saudi Arabia contractor to bid on more than US$800 million worth of future rail opportunities in the Kingdom.
Emirates Steel agrees MoU with Etihad Rail
Emirates Steel, the largest integrated steel manufacturer in the UAE, signed a Memorandum of Understanding (MoU) with Etihad Rail to use rail as the primary method for steel transportation across the UAE.
QDVC awarded US$538.5mn contract for the Lusail rail project
QDVC, a joint venture between Qatari Diar and VINCI Construction Grands Projets, has won a contract for a further works phase of the Light Rail Transit System (LRT) construction project in Lusail city, Qatar.
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