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Egyptian President Abdel-Fattah El Sisi is agreeing to establish a joint firm to carry out development projects in the Suez Canal Economic Zone, Egynews reports.
The UAE's ports operator DP World posts a rise in second-quarter gross container volumes by 10.4% on a like-for-like basis and 10.7% on a reported basis, Invest-Gate reports.
Dubai-based global ports operator DP World reported a 28% y-o-y rise in net profit for the full year ending December 31, 2016, Invest-Gate reports.
The expansion of DP World’s Jebel Ali Port has been delayed due to "softer market conditions".