Latest news with #JebelAliPort
Hi Dubai
a day ago
- Business
- Hi Dubai
DP World Reports 20.4% Revenue Growth in H1 2025, Container Volumes Up 6.7%
DP World posted strong financial and operational results for the first half of 2025, with revenue climbing 20.4% year-on-year to $11.24 billion, supported by robust performances in its Ports & Terminals segment and recent acquisitions. Adjusted EBITDA rose 21.4% to $3.03 billion, while container volumes reached 45.4 million TEU across its global portfolio, up 5.6% on a like-for-like basis. Across terminals where DP World has operational control, volumes increased 7.5% to 27.4 million TEU. The company's integrated global trade platform and critical infrastructure footprint helped mitigate the impact of ongoing geopolitical tensions, Red Sea route closures, and uncertainty around global trade tariffs. We are pleased to report strong first-half results, with both revenue and EBITDA growing by over 20%, said DP World Group Chairman and CEO Sultan Ahmed bin Sulayem. Despite significant disruption across the industry, our strategy of delivering integrated end-to-end solutions and operating in key markets has allowed us to continue supporting cargo owners and delivering results. Capital expenditure during the first half of 2025 totaled $1.08 billion, with a full-year target of $2.5 billion. Investments are focused on expansion projects at Jebel Ali Port, Drydocks World, Tuna Tekra in India, London Gateway in the UK, and Dakar in Senegal, alongside growth in DP World Logistics and P&O Maritime Logistics. These initiatives aim to boost terminal capacity, supply chain integration, and digital capabilities for long-term resilience. DP World's Unifeeder network continues to strengthen its position in multimodal transport solutions, providing reliable connectivity for global shipping lines and cargo owners amid supply chain disruptions. The company's freight forwarding platform now operates across approximately 300 locations, covering over 90% of global trade lanes. News Source: Emirates News Agency
Time Business News
03-07-2025
- Business
- Time Business News
Dubai Business Setup 2025 : Business Setup in Dubai
Being between the continents of Europe, Asia and Africa allows Dubai to play a vital role in global trade. Any business that establishes in Dubai takes advantage of its position as a major gate for the world's markets. Because of the Dubai International Airport (DXB) and Jebel Ali Port, the infrastructure in the emirate is world-class, providing businesses with access to partners globally. Dubai gives quick and easy access to markets in Asia, Africa, Europe and beyond in fields such as technology, logistics, finance and retail. It's not surprising that many businesses are making Dubai their regional headquarters. The country has kept working to build an open, easy-to-use and appealing business setting. Because the Dubai government has removed red tape, putting together a business is now much easier. Because of initiatives like allowing full foreign ownership of companies, business tax breaks and having 0% VAT on several services, setting up a business in Dubai is very attractive for entrepreneurs. Thanks to the UAE Golden Visa, investors, entrepreneurs and experts wishing to stay for a long time now find Dubai more appealing for business. Besides oil, Dubai now relies on advanced technology, tourism, finance, real estate and renewable energy industries. Legalization has led to rapid expansion in these sectors which has opened space for new businesses to explore and make gains from diversification by 2025. Between now and 2025, Dubai is predicted to receive large investments from across many industries, including fintech, AI and clean energy. Having a diversified business allows companies to find several new opportunities which lowers the risk that comes with jumping into a market based on just one sector. Dubai's efforts to become diverse choose it as the top place for starting your business. Dubai has adopted digital advancements to let businesses make use of advanced technologies. The push by the government for smart cities using blockchain, AI and IoT gives companies the resources they need to compete globally. With its innovative infrastructure, Dubai creates a firm base for tech startups or businesses to grow bigger in 2025. Because of its advanced technology and excellent links to the world, Dubai is well suited for digital companies. It is now much easier to set up a business in Dubai than in the past. Thanks to the city's constant efforts to make the process as seamless as possible, here's how you can go about Dubai company formation: The first thing to do is decide what kind of business you are going to run. Many companies operate in Dubai's trade, manufacturing, tourism and technology industries. Grasping what your business does is very important since it impacts your business structure, needed licenses and adherence to laws. There are multiple ways to form a company in Dubai such as: Free Zone Companies help those who want full control by foreign investors, no taxation and relief from customs fees. With a mainland company, you operate in the UAE market, but you must include a local sponsor or partner. Asset protection and tax savings: Dubai offshore companies are a smart choice for these purposes. Because every legal structure is different, you should pick the one that offers the most benefits for your business. When your legal setup is chosen, you should then register your trade name. Your business's trade name should fit its work and comply with the naming rules in Dubai. What type of business you have will determine the license you need and Dubai offers a range of them. Trading is allowed only with a commercial license and service-providing businesses need professional licenses. Certain permits and certifications are required in certain industries such as healthcare and food. Before starting a business in Dubai, you need to lease office space. Office space requirements change with the nature and needs of each business. You can rent a space in one of the free zones' co-working areas or have a large office in any of the city's commercial districts. When the office and licenses are dealt with, the next thing is to register your office and start arranging the banking details. Both local and global companies can enjoy many different banking services in Dubai. In 2025, various new changes and updates are affecting the business scene in Dubai. The UAE government is always updating its policies to help the country compete strongly abroad. No income tax applies to individuals living in the UAE which makes it a very appealing place to live from a tax perspective. For this reason, Dubai appeals to entrepreneurs much more than places where taxes on individuals are high. The UAE keeps introducing free zones to help the economy expand and entice businesses in rising areas such as technology, media and healthcare. They make it easier for companies to develop in chosen market sections. With digitization, starting a company happens even more quickly than it used to. Many of the new online systems in Dubai enable entrepreneurs to submit documents without visiting the authorities which saves time and costs. A useful resource for business owners looking to set up a company in Dubai is the Middle East Yellow Pages. It gives extensive details about suppliers, service companies and other local businesses through one directory. For entrepreneurs in Dubai, using the Middle East Yellow Pages can be an invaluable tool for networking and finding potential partners, clients, and vendors in the region. What type of business, the chosen location and the business's legal structure all impact the costs of setting up in Dubai. Usually, you need to pay for registration, license, office space and extra permits or certificates. Even so, Dubai gives companies many options to finance their ventures such as helpful loan terms for new businesses. A: Yes! From 2025, foreigners can own all of a business in Dubai, mainly when it is located in free zones. Therefore, many foreign business owners see Dubai as a good choice to enter the Middle East. The duration for setting up a business in Dubai depends on the business type and its legal format. Most of the time, the process is finished in 3 to 5 weeks. Free zone companies are able to start up much more speedily. Technology, healthcare, e-commerce, real estate, renewable energy and finance are predicted to be top industries in Dubai in 2025. Due to its focus on new ideas and sustainability, the UAE grows its innovation and sustainability sectors. In 2025, Dubai will continue to be a leading place for setting up businesses. Due to its strategic position, tax incentives, business friendly environment and good infrastructure, Dubai presents top opportunities for companies and entrepreneurs hoping to expand in the Middle East. Whether you are just starting or looking to scale your existing business, the Dubai business setup 2025 provides a unique window of opportunity that you should not miss. TIME BUSINESS NEWS
Zawya
19-06-2025
- Business
- Zawya
Blue Line 'writing new chapter' in Dubai's real estate boom
Dubai Metro's Blue Line is having a profound positive impact on the emirate's real estate market, reshaping the real estate investments map and writing a new chapter in the city's real estate boom, said a leading Dubai-based real estate brokerage W Capital. In an in-depth analysis of the project, W Capital stated that the new Blue Line was in the heart of the Dubai Urban Plan 2040 framework, which aims to enhance urban sustainability, improve quality of life, and support transportation infrastructure. This will directly impact vital economic sectors, most notably the real estate sector, it stated. The project will cover areas of high strategic importance, including Al Warqaa, Mirdif and Dubai Academic City, and will reach Jebel Ali Port via Dubai International Airport. This extensive coverage will contribute to connecting new residential communities to existing economic centers, stimulating the growth of mid-market and emerging neighborhoods and transforming them into attractive investment destinations, said the statement. W Capital pointed out that the establishment of a metro station near any area often leads to an immediate increase in surrounding property prices by 15 to 25%, boosting rents and demand in the medium and long term. "The Dubai Metro Blue Line project is not just a new means of transportation; it is a true economic and development engine that will reshape the real estate investment map in the emirate," remarked its CEO Walid Al Zarooni. "We have already noticed early investor activities, especially in areas such as Al Warqa, Dubai Academic City, and the vicinity of Sheikh Mohammed bin Zayed Road, where demand for land and residential units has increased by more than 30% compared to last year," he stated. "These areas, which were previously considered relatively remote suburbs, are now the focus of investors interest due to their proximity to major metro stations, giving them a significant competitive advantage," he added. Al Zarooni pointed out the importance of proactive thinking in real estate investment. "We at W Capital encourage investors to make decisions based on a future vision, not just current conditions. Investing in areas connected to metro stations now, before the project is completed, gives investors the opportunity to benefit from value growth over time," he noted. "Similar examples existed with the launch of the Red and Green Lines previously, where we witnessed significant price increases once the stations were operational," he added. Al Zarooni said one of the most important transformations to be witnessed in the next few years is the market's move toward real estate decentralisation. "Instead of being concentrated in specific areas such as the city center, real estate distribution will begin to spread towards new hubs created by infrastructure projects, most notably the Blue Line," he explained. "This shift will not only reduce pressure on overcrowded areas, but will also create real opportunities for developers of medium-cost projects and contribute to providing diverse housing solutions that meet the needs of a wider segment of the population," he added. According to him, the Blue Line project represents a new phase of Dubai's smart urban transformation whose impact will not only improve mobility but also transform investment patterns and population and real estate distribution. "Investors must take advantage of this pivotal phase and adopt long term plans in line with Dubai's future development trends," he added.
Hi Dubai
28-05-2025
- Business
- Hi Dubai
Himatrix Group Opens AED33 Million Research and Training Centre in Dubai Industrial City
Himatrix Group has officially opened phase one of its AED33 million application laboratory, research, and training centre at Dubai Industrial City, marking a major milestone in the company's regional and global expansion plans. Spanning 45,000 square feet, the new facility is strategically positioned to tap into Dubai Industrial City's proximity to key logistics hubs, including Jebel Ali Port, Al Maktoum International Airport, and the upcoming Etihad Rail freight terminal. The centre will serve as a base for Himatrix Group's 100-strong workforce and support its recruitment of additional specialists to drive innovation across its operations. Himatrix Group, which includes subsidiaries such as Himatrix Measurements Equipment's and Icpro Technologies, aims to use the new hub to strengthen partnerships with global leaders in instrumentation engineering. These include Radwag, Sciex, Ametek, Kruss, and Wipotec. Nadeer Ali, Founder and Managing Director of Himatrix Group, said the facility will enhance service quality across multiple industries, particularly pharmaceuticals, by offering advanced solutions in metrology, analytical science, and physical testing. Dubai Industrial City officials welcomed the investment, highlighting its alignment with national strategies like Operation 300bn and the Dubai Economic Agenda 'D33'. Saud Abu Alshawareb, speaking on behalf of the district, said the facility showcases confidence in Dubai's industrial ecosystem and reinforces efforts to expand the UAE's manufacturing capabilities. Established in 2004, Dubai Industrial City is home to more than 800 companies and over 300 operational factories. It is one of 10 business districts under TECOM Group PJSC, supporting key sectors across the UAE's economic landscape. News Source: Emirates News Agency
Emirates Woman
10-03-2025
- Business
- Emirates Woman
7 incredible facts about Dubai's royal family
News by Alice Holtham-Pargin 6 hours ago Dubai's visionary ruler, Sheikh Mohammed, has a fascinating family history… HH Sheikh Mohammed bin Rashid Al Maktoum Vice President of the UAE and Ruler of Dubai has lead a rapid and globally-redefining transformation of Dubai. From humble beginnings as a sleepy fishing village, the city has grown into a thriving metropolis, and under his visionary leadership, is set to become the happiest city to live and work. So if you're keen to learn more about Sheikh Mohammed – and Dubai's royal family – read on. The Al Maktoum family have ruled Dubai since the 1800s Since 1833, to be precise. When the Al Maktoum family arrived in Dubai, it was a very small town, but they recognised the opportunities here. Not much is known about the first Sheikh Maktoum, but he's described as a 'courageous, capable leader', credited with establishing the new principality. They are descendants of the Bani Yas tribe The Al Maktoum family descends from the Al Bu Falasah segment of the Bani Yas tribal federation. This widely regarded tribe was a dominant power in the region, and is also the tribe from which the Al Nayhan family – Abu Dhabi's ruling family – descend from. Sheikh Mohammed is the 10th member of the Al Maktoum family to serve as Ruler of Dubai He ascended to the role on January 4, 2006, meaning he has served as Ruler of Dubai for 19 years. He became the ruler of Dubai following the death of his elder brother, Sheikh Maktoum. Sheikh Rashid was the Ruler of Dubai that helped to form the UAE Sheikh Rashid bin Saeed Al Maktoum, father of Sheikh Mohammed, ruled Dubai for 32 years from 1958 until his death in 1990. During his rule, he also became the first Vice President of the UAE when the country was formed in 1971, and played an integral part in uniting the emirates at that time. The last 3 generations of Dubai rulers are credited with its transformation It was Sheikh Rashid who oversaw the development of high-level projects like the first modern hospital, Jebel Ali Port, and Dubai International Airport, which subsequently saw the birth of Emirates airline. Upon his death, his son Sheikh Maktoum bin Rashid Al Maktoum became Ruler of Dubai, a role he had until his own death in 2006. He continued his father's work, developing major infrastructure projects, an impressive road network, and iconic destinations like the Burj Al Arab. Then when his brother, Sheikh Mohammed – the current Ruler of Dubai – took office, his visionary leadership has seen the city firmly established as a futuristic metropolis where all are welcome. Away from their royal duties, the Al Maktoum family are renowned horse racers Sheikh Maktoum is largely credited with introducing Arabs to international horse racing. From the 1990s, he ran Godolphin stables alongside Sheikh Mohammed and their brothers and helped to raise the standard of international racing. Godolphin is still owned by Sheikh Mohammed and now operates across four continents, although the main base remains in Dubai. Sheikh Mohammed has a number of passions As well as horse riding, the current Ruler of Dubai has a number of interests. From a young age, he learned falconry, hunting, and horsemanship, but became passionate about equestrian after first visiting a racecourse in England in 1967. Apart from sports, Sheikh Mohammed is a talented poet, and he is widely acknowledged as one of the finest exponents of Nabati verses. Source: Sheikh Mohammed's official website
