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Search resuls for: "Ahmed Bin Sulayem"


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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDP World CEO discusses Red Sea shipping risks and says escalations will 'calm down'Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World, discusses the company's business outlook and the risk of escalation in the Middle East conflict affecting the shipping industry,
Persons: escalations, Sultan Ahmed Bin Sulayem Organizations: Red, DP
The United Arab Emirates (UAE) is a global leader in diamond imports and exports, but it does not have any diamond mines. In 2022, he co-founded Dubai-based 2DOT4 Diamonds, becoming the first to produce, cut, and polish lab-grown diamonds in the UAE. “The mined diamond, you don’t control it, the Earth is doing it.”To grow a diamond, you start with a diamond, either lab-grown or mined, explains Sabeg. Last year, the country underwent a tax reform in the sector and pledged extra funding to further expand its man-made diamond industry. “Sixty years ago, if you tell someone this is a synthetic or a lab-grown diamond, they won’t even look at it,” he adds.
Persons: CNN —, Mohamed Sabeg, , ” Mohamed Sabeg, Paul Devitt, It’s, Everest —, CNN “, Paul Zimnisky, Ahmed Bin Sulayem, Bin Sulayem, , Zimnisky Organizations: CNN, International Gem Society, United Arab Emirates, Dubai Multi Commodities Center, HRA Locations: Russia, South Africa, UAE, Dubai, 2DOT4, US, China, India, CNN India, Emirate
[1/2] General view of a stock yard of DP World's fully automated Terminal 2 at Jebel Ali Port in Dubai, United Arab Emirates, December 27, 2018. REUTERS/ Hamad I Mohammed Acquire Licensing RightsNEW DELHI, Aug 25 (Reuters) - Dubai-owned ports giant DP World [RIC:RIC:DPWRD.UL] will invest around $510 million to build a new container terminal at the Kandla port in the Indian state of Gujarat, its group chairman said on Friday. DP world, which operates in 73 countries, last week reported a nearly 10% fall in first-half profit to $651 million despite a 13.9% year-on-year rise in revenue to more than $9 billion. The new terminal will take the combined capacity to 8.19 million TEUs, a company statement said. DP World’s Indian port and terminal investments are aligned with the country's Vision 2047, which aims to quadruple port handling capacity and develop logistics infrastructure to boost economic growth, the statement said.
Persons: Hamad, Mohammed, Sultan Ahmed Bin Sulayem, Manoj Kumar, Kirsten Donovan Organizations: United Arab Emirates, REUTERS, DELHI, Deendayal Port Authority, DP, Hindustan Infralog Private, National Investment, Infrastructure Fund, Thomson Locations: Jebel Ali Port, Dubai, United Arab, Indian, Gujarat, India, Deendayal, Hindustan, Mumbai, Mundra, Cochin, Chennai
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe see the biggest opportunities in Indonesia, says Dubai-based supply chain firmSultan Ahmed Bin Sulayem, CEO of DP World, says "there is no better place than Indonesia" due to its raw materials, ports and human resources that can be used.
Persons: Ahmed Bin Sulayem Organizations: DP Locations: Indonesia, Dubai
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