While there remain a lot of macroeconomic “issues and challenges”, the global economy “is not as bad as feared at the beginning of the year,” said Tim Fox, head of research and chief economist at Emirates NBD bank, addressing the opening Economic...
The eighth edition of Seatrade Maritime Middle East (SMME) opens today in Dubai bringing together maritime industry professionals from across the region and beyond.
UAE rig builder Lamprell has flagged further redundancies after cutting its workforce by 10% in April and says it may even consider mothballing some of its yards to ride out the current market volatility.
Dubai Chamber and Dubai Maritime City Authority (DMCA) are looking to promote the local maritime sector’s competitiveness by participating in SMM Hamburg 2016, taking place from 6-9 September.
DP World has delayed bringing 1.5m teu of extra capacity on line at Jebel Ali’s terminal 3 and “slowed” the construction of its flagship port’s new $1.6bn terminal 4 due to what it describes as "quite clearly" a global economic slowdown.