<rss version="0.91">
<channel>
<title>www.bi-me.com RSS feed for &#8211; Ports &amp; Shipping</title>
<link>http://www.bi-me.com</link>
<description>Middle Eastern Business News and Data</description>
<language>en-us</language>
<item>
<title><![CDATA[UAE&#039;s non-oil producing private sector output levels and rate of job creation rise, reveals HSBC UAE PMI survey]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61934</link>
<description><![CDATA[UAE. While new orders continued to rise sharply, the rate of increase eased to the slowest in a year. Meanwhile, employment levels rose at the fastest pace in two years.
]]></description>
</item>
<item>
<title><![CDATA[Mohsen Line fail to honour London Arbitration Award]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61785</link>
<description><![CDATA[UAE. Supplier of food products has failed to honour LMAA (London Maritime Arbitrators Association) Awards against it, Reed Smith LLP said.
]]></description>
</item>
<item>
<title><![CDATA[Cluttons sees healthy growth in Dubai&#039;s industrial and logistics sector ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61675</link>
<description><![CDATA[UAE. Non-free zone areas such as Dubai Industrial City and Dubai Investment Park  maintain popularity; Modest rental rises across the board.]]></description>
</item>
<item>
<title><![CDATA[Kuwait to spend as much as US$17.5 billion in current fiscal year]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61436</link>
<description><![CDATA[KUWAIT. The plan to diversify the economy includes boosting crude and gas production, building a metro and rail network, new hospitals, roads, power stations, expanding the airport and building a port on Boubyan Island.]]></description>
</item>
<item>
<title><![CDATA[Ordering off the menu: Entrepreneurship Arab-style]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61415</link>
<description><![CDATA[UAE.  Fadi Ghandour, founder and recently departed CEO of transport and logistics company, Aramex International, surmises when asked about his reputation for being fearless. &quot;Trying can lead to failure but there&#039;s balance in being confident enough to say if I fail - if I fall - I will try again.&quot;
]]></description>
</item>
<item>
<title><![CDATA[UAE becomes largest Middle East market]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61400</link>
<description><![CDATA[UAE. An upsurge in business has sharply boosted imports by the UAE over the past few years to turn into the largest market in the Middle East although it has one of the smallest populations in the region.]]></description>
</item>
<item>
<title><![CDATA[VLCC&#039;s continue to struggle]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61305</link>
<description><![CDATA[INTERNATIONAL. The market continues to struggle and Drewry&#039;s latest Tanker Insight report saw the Drewry Tanker Earnings Index suffer a further decline in February.
]]></description>
</item>
<item>
<title><![CDATA[DP World plans expansion in Latin America, Africa, says Chairman]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61295</link>
<description><![CDATA[UAE. &quot;We are well placed in Latin America in key markets,&quot; Sultan Ahmed bin Sulayem said. &quot;There are other markets we would like to go to.&quot;]]></description>
</item>
<item>
<title><![CDATA[DP World 2012 profit jumps on asset sales]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61263</link>
<description><![CDATA[UAE. DP World posted a 21% jump in full-year profit, beating estimates as the world&#039;s third-largest port operator sold assets to focus on growth in emerging markets.]]></description>
</item>
<item>
<title><![CDATA[Abu Dhabi Ports Company highlights maritime trade movement between East and West]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61250</link>
<description><![CDATA[UAE. Dr. Sultan Al Jaber highlighted the importance of diversification for regional economies and the need to make strategic investments in the Gulf Region during his opening speech at the World Ports &amp; Trade Summit 2013.]]></description>
</item>
<item>
<title><![CDATA[Seatrade experts in Abu Dhabi to discuss eastwards power shift  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61185</link>
<description><![CDATA[UAE. Regional leaders and global experts to gather at third annual World Ports and Trade Summit for two days of lively debate as economic compass swings east.]]></description>
</item>
<item>
<title><![CDATA[Aramex to use Etihad Rail Network for UAE and GCC deliveries]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61172</link>
<description><![CDATA[UAE. &quot;With this partnership Aramex will have multi-modal transportation capabilities, reduced cross-border logistics costs and processes - competitive advantages that strengthen our regional business further.&quot;]]></description>
</item>
<item>
<title><![CDATA[DP World in US$742 million Hong Kong asset sale]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61151</link>
<description><![CDATA[UAE. Dubai port operator is selling stakes in two container terminals and a logistics centre in Hong Kong as it continues asset disposals in non-core international markets; DP World to book net gain of US$151.]]></description>
</item>
<item>
<title><![CDATA[HSBC among banks said to agree US$4 billion Al Jaber debt deal]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61136</link>
<description><![CDATA[UAE. The company agreed with its five main lenders on terms, including loan repayments over five years; The debt will pay 3-4 percentage points over LIBOR.]]></description>
</item>
<item>
<title><![CDATA[Region&#039;s ports vital conduit for Africa-Asia trade development]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61090</link>
<description><![CDATA[UAE. Reciprocal growth opportunities as UAE builds on regional hub status and emerging African powerhouse nations look to develop world-class port operations using successful UAE model.]]></description>
</item>
<item>
<title><![CDATA[Etihad Rail secures US$1.28 billion financing for Stage One of Strategic National Railway Project]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61078</link>
<description><![CDATA[UAE. Stage One progressing on schedule with route from Habshan to Ruwais to commence this year.

]]></description>
</item>
<item>
<title><![CDATA[APICORP announces US$150 million Petroleum Shipping Fund]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61072</link>
<description><![CDATA[UAE. First investment fund established by APICORP; Initiative is also first fund in the region targeted at a specific vessel category; Fund, co-managed by Tufton Oceanic.]]></description>
</item>
<item>
<title><![CDATA[Online shopping and fashion retailers dive global logistics demand, finds CBRE survey]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=61003</link>
<description><![CDATA[UAE. Multichannel retailers seeking new facilities and requiring larger spaces drive demand in the world&#039;s leading cities.]]></description>
</item>
<item>
<title><![CDATA[US$36 billion port transportation investment to position region&#039;s ports as leading trade power]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=60942</link>
<description><![CDATA[UAE. Sea-air-rail links instrumental in leveraging potential for future economic growth; maritime leaders head to World Ports &amp; Trade Summit 2013 to examine intra-regional opportunities.]]></description>
</item>
<item>
<title><![CDATA[DP World marks &#039;100 million containers in 10 Years&#039; milestone at Dubai Ports  ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=60881</link>
<description><![CDATA[UAE. The 100 million TEU record was achieved between January 2003 and January 2013 and covers all container boxes handled in both Mina Rashid and Jebel Ali Port; Dubai&#039;s annual container throughput increased more than 150% in the last decade.]]></description>
</item>
<item>
<title><![CDATA[DP World says 2012 Ebitda matched US$1.31 billion estimate]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=60787</link>
<description><![CDATA[UAE. Container volumes rose 2.4% to 56.1 million twenty- foot equivalent units across it operations last year, the world&#039;s third-largest port operator said ]]></description>
</item>
<item>
<title><![CDATA[Etihad Rail&#039;s first batch of wagons arrive in Abu Dhabi ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=60502</link>
<description><![CDATA[UAE. The developer and operator of the UAE&#039;s national railway network said the first shipment of wagons, to be used in Stage One of the rail project linking Shah and Habshan to Ruwais in the Western Region, arrived earlier this week at Mina Zayed.]]></description>
</item>
<item>
<title><![CDATA[New U.S. sanctions proposed for Iranian energy, shipping]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=60271</link>
<description><![CDATA[INTERNATIONAL. The measure would target Iran&#039;s main sources of revenue and seek to prevent it from evading sanctions by buying gold with local currency earnings.]]></description>
</item>
<item>
<title><![CDATA[Gulf invests in super vessels despite maritime challenges ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=60234</link>
<description><![CDATA[UAE. Vessels above 10,000 TEU in demand as ship operators look for economies of scale - Key regional maritime figures discuss industry challenges at Seatrade Middle East Maritime event in Dubai. ]]></description>
</item>
<item>
<title><![CDATA[Middle East shipping &#039;routes&#039; for global trade ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=60215</link>
<description><![CDATA[UAE. Impact of global economic situation on trade to command agenda at biennial maritime summit, which opens today.]]></description>
</item>
<item>
<title><![CDATA[Kuwait invests US$1.2 billion in bid for Northern Gulf gateway ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=60118</link>
<description><![CDATA[UAE. Northern Gulf infrastructure tops the agenda at Seatrade Middle East Maritime 2012 as Kuwait looks to capitalise on its strategic location with new port facilities as regional market competition intensifies. ]]></description>
</item>
<item>
<title><![CDATA[Analysis: The expensive, diminishing threat of Somali piracy]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=60012</link>
<description><![CDATA[INTERNATIONAL. Piracy off the coast of Somalia has dropped off dramatically in 2012. Successful ship hijackings have decreased from 31 in 2011 (and 49 in 2010) to only four so far in 2012. ]]></description>
</item>
<item>
<title><![CDATA[US$914 million Saudi ports development leads GCC maritime agenda ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=59978</link>
<description><![CDATA[UAE. KSA pushes ahead with maritime investment programme as demand drives need for increased capacity - key projects to be showcased at Seatrade Middle East Maritime 2012.]]></description>
</item>
<item>
<title><![CDATA[Nile freight traffic seen exploding as Egypt cuts fuel subsidy]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=59909</link>
<description><![CDATA[EGYPT. Citadel Capital has invested more than US$200 million on barges, ports and storage facilities that are already handling shipments of wheat, cement and phosphate. Within five years, the share of cargo moved by river may jump to at least 15%, according to Stephen Murphy.]]></description>
</item>
<item>
<title><![CDATA[Abu Dhabi Ports&#039; traffic grows 16%]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=59905</link>
<description><![CDATA[UAE. Port activity is often seen as a bellwether of the general economic climate.]]></description>
</item>
<item>
<title><![CDATA[Saudi Aramco&#039;s Vela, Bahri reach agreement on merger terms]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=59779</link>
<description><![CDATA[SAUDI ARABIA. Bahri will become the exclusive provider of VLCC crude oil shipping services to Saudi Aramco for crude oil sold by Saudi Aramco on a delivered basis.]]></description>
</item>
<item>
<title><![CDATA[Freight flow through GCC network could have  transformational effect on international trade and commerce in the region]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=59760</link>
<description><![CDATA[UAE. The world rail market will continue to grow despite the global economic downturn, driven in large part by the sector&#039;s growth in the Gulf region, according to industry experts speaking in Abu Dhabi.]]></description>
</item>
<item>
<title><![CDATA[Piracy drops by 54% in Gulf of Aden]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=59747</link>
<description><![CDATA[UAE. Increased security measures help reduce piracy by half in Gulf of Aden - Seatrade Middle East Maritime conference to examine further strategies to quell US$12 billion cost to global trade]]></description>
</item>
<item>
<title><![CDATA[FTSE ESG Group releases supply chain labour report - &#039;Brand Value at Risk&#039;   ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=59674</link>
<description><![CDATA[INTERNATIONAL. The research reveals that over a third of companies evaluated show no evidence of any action to minimise the risks inherent in their supply chain labour arrangements. ]]></description>
</item>
<item>
<title><![CDATA[Qatar to highlight maritime strength at Seatrade event ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=59639</link>
<description><![CDATA[QATAR. Seatrade Middle East Maritime 2012 to host Qatari Pavilion as energy-rich Gulf state showcases its growing maritime sector at upcoming Dubai event. ]]></description>
</item>
<item>
<title><![CDATA[Cluttons sees positive signs for light industrial and logistics market in Dubai ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=59571</link>
<description><![CDATA[UAE. New major projects in Dubai Investments Park and Dubai Industrial City; Strong take-up in industrial buildings in the first six months of 2012.]]></description>
</item>
<item>
<title><![CDATA[Dubai aims to remain at the forefront of the freight and logistics industry]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=59449</link>
<description><![CDATA[UAE. Dubai&#039;s major trade partners are India at US$56 billion, followed by China at half that amount and then the United States.
]]></description>
</item>
<item>
<title><![CDATA[DP World restructures Belgian operations with US$61 million sale]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=59435</link>
<description><![CDATA[UAE. Port operator sold its stake in DP World Breakbulk NV and AProjects NV, to Orienta NV; It also sold its 50% stake in Aden Port Development Co for US$27 million to its yemen joint venture partner.]]></description>
</item>
<item>
<title><![CDATA[UAE&#039;s FAL Oil faces forced tanker sale to repay DVB Loan]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=59323</link>
<description><![CDATA[UAE. Frankfurt-based DVB, which loaned US$62.4 million to FAL Oil in July 2010 to refinance the construction of two tankers, sued the trader and sought the seizure of one of the tankers after telling FAL it had defaulted.]]></description>
</item>
<item>
<title><![CDATA[Concerns over global trade top Middle East maritime agenda]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=59245</link>
<description><![CDATA[UAE. GCC still estimates US$493 billion trade surplus in 2012; Seatrade conference to address key challenges facing Middle East maritime industry. ]]></description>
</item>
<item>
<title><![CDATA[averda awarded Khalifa Port contract to provide specialised environmental services]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=59234</link>
<description><![CDATA[UAE. averda will provide KPCT with janitorial services, street cleaning, and the collection of hazardous and non-hazardous waste and will ensure the proper disposal of waste in order to protect the environment.]]></description>
</item>
<item>
<title><![CDATA[Dubai Chamber members&#039; exports reach new record]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=59208</link>
<description><![CDATA[UAE. Exports and re-exports reach total of AED 181 billion for first eight months of 2012; Saudi Arabia is largest and busiest destination.]]></description>
</item>
<item>
<title><![CDATA[Goodman and Abu Dhabi to buy warehouses in Japan]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=59198</link>
<description><![CDATA[INTERNATIONAL. Australia&#039;s biggest industrial property trust partners with Abu Dhabi Investment Council to buy logistics properties in major cities such as Tokyo and Osaka. ]]></description>
</item>
<item>
<title><![CDATA[Dubai July passenger traffic climbs 6%]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=59166</link>
<description><![CDATA[UAE. The airport, one of the world&#039;s busiest, handled 5.01 million passengers in July, surpassing 5 million passengers for the first time; Freight climbed 6.2 % to 204,510 tonnes.]]></description>
</item>
<item>
<title><![CDATA[HSBC, BNP said to agree on profit-sharing loan for Dubai&#039;s Drydocks World]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=59146</link>
<description><![CDATA[UAE. The 15-year loan, part of a US$2.25 billion debt restructuring for the Middle East&#039;s biggest shipyard, will pay creditors profit or cash from asset sales.]]></description>
</item>
<item>
<title><![CDATA[Abu Dhabi launches multi-billion dollar Khalifa Port ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=59101</link>
<description><![CDATA[UAE. Abu Dhabi launched operations at a new port facility on Saturday, seeking to diversify its oil-based economy with a project that could intensify competition for the region&#039;s shipping traffic with Dubai.]]></description>
</item>
<item>
<title><![CDATA[Middle East carriers experience strongest traffic growth of 11.2% in July, says IATA]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=59086</link>
<description><![CDATA[INTERNATIONAL. Compared to June, Middle East traffic rose just 0.1%. The region&#039;s growth trends were impacted by Ramadan, which commenced in July this year. 
]]></description>
</item>
<item>
<title><![CDATA[Etihad Cargo announces new weekly freighter operation from Abu Dhabi to Doha]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=59077</link>
<description><![CDATA[UAE. The new cargo service will operate every Monday using an Airbus A300-600F freighter, with a capacity of 42 metric tonnes.]]></description>
</item>
<item>
<title><![CDATA[Saudi Arabia invests US$750 million on Dammam Port]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=59050</link>
<description><![CDATA[SAUDI ARABIA. The port allocated 2 billion riyals to expand its container terminal capacity and another 800 million riyals for various facilities, al-Hayat reported.]]></description>
</item>
<item>
<title><![CDATA[DP World reports flat profits for first half on tough global climate]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=59055</link>
<description><![CDATA[UAE. Port operator makes a profit of US$247 million, barely changed from US$246 million in the year-earlier period; Revenue edges up to US$1.53 billion compared to US$1.50. billion.]]></description>
</item>
<item>
<title><![CDATA[Dubai court sanctions US$2.2 billion Drydocks restructuring]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=59046</link>
<description><![CDATA[UAE. The ruling by the special tribunal said 97.8% of Drydocks&#039;s creditors agreed to the terms. A government decree allows the tribunal to enforce a restructuring proposal if at least two-thirds of the creditors agree to it.]]></description>
</item>
<item>
<title><![CDATA[Dubai non-oil trade at record US$164 billion in first half 2012]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=59029</link>
<description><![CDATA[UAE. Gold was Dubai&#039;s biggest import reaching 59 billion dirhams, followed by jewellery at 25 billion dirhams. Gold was also the emirate&#039;s top exported product.]]></description>
</item>
<item>
<title><![CDATA[Elcome to showcase latest marine technologies ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=58892</link>
<description><![CDATA[UAE. One of the world&#039;s largest suppliers of marine electronics and automation systems and services to make SMM debut.]]></description>
</item>
<item>
<title><![CDATA[Khalifa Port set for full opening on 1st September]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=58868</link>
<description><![CDATA[UAE. Abu Dhabi Ports Company and Abu Dhabi Terminals hold seminar to help trucking companies and clearing agents to conduct their business at the Khalifa Port Container Terminal.]]></description>
</item>
<item>
<title><![CDATA[SKY News presenter Jeremy Thompson to anchor Middle East maritime events]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=58817</link>
<description><![CDATA[UAE. Internationally-renowned award-winning news presenter to compere Seatrade awards ceremony and moderate at Seatrade conference in Dubai.]]></description>
</item>
<item>
<title><![CDATA[Perspective: The UAE&#039;s Purchasing Managers Index]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=58812</link>
<description><![CDATA[UAE. Frost &amp; Sullivan anticipates that the UAE has sufficient domestic demand to boost non oil private sector GDP growth and thereon the PMI in the coming months.
]]></description>
</item>
<item>
<title><![CDATA[Dubai Chamber members&#039; exports and re-exports see 16.4% growth in July]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=58805</link>
<description><![CDATA[UAE. Dubai Chamber-hosted Business Networking Suhour accredits Dubai&#039;s economic growth to private-public sector partnership.]]></description>
</item>
<item>
<title><![CDATA[Kuwait to get 9 new oil tankers from South Korea]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=58752</link>
<description><![CDATA[KUWAIT. Kuwait Oil Tanker Co expects to receive the new tankers from South Korean companies in 2014/2015 as part of its announced US$1.75 billion fleet expansion.]]></description>
</item>
<item>
<title><![CDATA[Saudi Arabia&#039;s US$60 billion debt-financed logistics and transportation system will triple traffic]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=58751</link>
<description><![CDATA[SAUDI ARBIA. Saudi Arabia is spending big on a logistics hub, airport improvement and roads. The investments also yielded the largest sukuk offered in the Middle East this year and an IPO on the stock exchange in June. ]]></description>
</item>
<item>
<title><![CDATA[DP World container volumes climb 7.5%]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=58750</link>
<description><![CDATA[UAE. DP World handled 28.2 million TEU in H1 2012; Consolidated terminals had volume of 13.6 million TEU; Uncertainty in the global economy is slowing growth of the industry.]]></description>
</item>
<item>
<title><![CDATA[Dubai industrial and logistics real estate market shows strong signs of recovery]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=58640</link>
<description><![CDATA[UAE. Enquiry levels are significantly up with existing companies wishing to expand and new companies looking to enter the market, according to Cluttons.]]></description>
</item>
<item>
<title><![CDATA[U.S. Navy ship fires on fishing boat near Dubai, killing one]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=58568</link>
<description><![CDATA[UAE. The vessel fired on was a fishing boat from the UAE; The fisherman who was killed and the three people injured were Indian, according to the WAM news agency.]]></description>
</item>
<item>
<title><![CDATA[Perspective: The boost in UAE&#039;s non-oil trade value]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=58432</link>
<description><![CDATA[UAE. A healthy sign of recovery in the UAE economy and a strong announcement about the country&#039;s rebound from the lows of financial crisis, says Frost &amp; Sullivan.]]></description>
</item>
<item>
<title><![CDATA[Analysis: Logistics and supply chain sector in Oman]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=58411</link>
<description><![CDATA[OMAN. The logistics and supply chain sector in Oman continues to grow and benefit from significant investment in infrastructure, warehousing and transportation.]]></description>
</item>
<item>
<title><![CDATA[UAE Counter Piracy Conference renews commitment to Public Private Partnership]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=58350</link>
<description><![CDATA[UAE. Final declaration welcomes &quot;significant progress&quot; made in combating maritime piracy over the past year.]]></description>
</item>
<item>
<title><![CDATA[Dubai&#039;s Drydocks in Southeast Asia JV with Kuok Group]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=58313</link>
<description><![CDATA[UAE. Drydocks, which is restructuring US$2.2 billion in debt and sought insolvency protection in April, said the venture with Kuok Group&#039;s Pacific Carrier Ltd. will be based in Singapore.]]></description>
</item>
<item>
<title><![CDATA[Fitch upgrades Jebel Ali Free Zone]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=58259</link>
<description><![CDATA[UAE. Fitch Ratings has upgraded JAFZ Long-term Issuer Default Rating to &#039;B+&#039; from &#039;B&#039; and removed it from Rating Watch Positive. ]]></description>
</item>
<item>
<title><![CDATA[Russian ship halted over Syria arms claims]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=58224</link>
<description><![CDATA[INTERNATIONAL. A Russian ship allegedly carrying attack heliocopters and missiles destined for Syria has stopped off the Scottish coast after its British insurer withdrew cover for the vessel.]]></description>
</item>
<item>
<title><![CDATA[JAFZA to raise US$1.85 billion for redemption of Islamic bond]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=58093</link>
<description><![CDATA[UAE. Jebel Ali Free Zone plans to raise US$1.85 billion towards the redemption of its US$2 billion Islamic bond by issuing another sukuk and obtaining an Islamic financing facility.]]></description>
</item>
<item>
<title><![CDATA[Iran sanctions update: Rapidly changing sanctions pose compliance challenge to GCC businesses]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=58070</link>
<description><![CDATA[UAE. Recent seminar, hosted in Dubai and Abu Dhabi by international law firm Clyde &amp; Co, discussed the applicability of economic and trade sanctions on individuals and organizations in the UAE and the impact sanctions will have on the flow of trade.
]]></description>
</item>
<item>
<title><![CDATA[14% of UAE&#039;s GDP is contributed by Supply Chain and Logistics industry]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=58058</link>
<description><![CDATA[UAE. Experts from over 15 countries converge at &quot;5th Global Logistics and Supply Chain Summit 2012&quot; in Dubai.]]></description>
</item>
<item>
<title><![CDATA[Is piracy high enough on the GCC agenda?]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=57970</link>
<description><![CDATA[UAE. Joint GPCA and A.T. Kearney report analysing various end-game scenarios for piracy, concludes international community support is required on multiple levels.]]></description>
</item>
<item>
<title><![CDATA[Dubai&#039;s JAFZA gets consent to repay US$2 billion sukuk early]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=57968</link>
<description><![CDATA[The 3.01%, AED7.5 billion sukuk was originally due in November. The company announced last month it was in advanced talks with financial institutions over a financing package to meet its debt obligation.]]></description>
</item>
<item>
<title><![CDATA[Dubai Creek to get US$163 million development]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=57804</link>
<description><![CDATA[UAE. The waterway will be deepened, a three-kilometer wharf will be built and the stalled Business Bay canal project will also be revived, according to The National.]]></description>
</item>
<item>
<title><![CDATA[Port of Salalah showcases connectivity and container growth potential]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=57751</link>
<description><![CDATA[OMAN. Port of Salalah welcomes executives and representatives from the shipping world&#039;s largest shipping lines and principal customers in the local market to the handling of its 30 millionth TEU container.]]></description>
</item>
<item>
<title><![CDATA[Dubai&#039;s Drydocks restructuring hit by Singapore snag]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=57715</link>
<description><![CDATA[UAE. Legal proceedings in the US$2.2 billion debt restructuring of Drydocks World have been delayed due to a court challenge in Singapore over a rig-building contract.]]></description>
</item>
<item>
<title><![CDATA[Iran embargo impossible to meet as ships need bunkers]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=57682</link>
<description><![CDATA[INTERNATIONAL. Europe&#039;s oil embargo on Iran is having unforeseen consequences as supplies from Iran are a &quot;vital blending component&quot; to make ship fuel, according to Barclays Capital.]]></description>
</item>
<item>
<title><![CDATA[DP World reports 9.5% increase in container volumes in first quarter 2012]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=57618</link>
<description><![CDATA[Excluding the contribution from new capacity, like for like growth was 7.4%, DP World Chairman Sultan Ahmed Bin Sulayem said. ]]></description>
</item>
<item>
<title><![CDATA[Abu Dhabi Terminals reports continued growth of cargo and passenger handling in first quarter]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=57590</link>
<description><![CDATA[UAE. ADT reports double-digit growth for cargo handling and 8% increase for cruise passengers at its main port in Mina Zayed. ]]></description>
</item>
<item>
<title><![CDATA[WTO Director General outlines steps to boost trade within the Arab region]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=57549</link>
<description><![CDATA[QATAR. Discussion during UNCTAD XIII considers what is needed over and above free trade agreements.]]></description>
</item>
<item>
<title><![CDATA[Dubai foreign trade hits one trillion dirhams landmark]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=57477</link>
<description><![CDATA[UAE. Foreign trade achieves record growth in 2011 to over AED1.1 trillion (US$299.7 billion) for the first time in history, an increase of 22% compared to the AED 902 billion achieved in 2010.]]></description>
</item>
<item>
<title><![CDATA[Dubai&#039;s direct trade with Iran reached US$9.8 billion in 2011]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=57466</link>
<description><![CDATA[UAE. Imports and exports stood at AED5 billion while re- exports were AED31 billion, with most-traded items including food, clothing, rugs, cars, diamonds and jewellery as well as gold.]]></description>
</item>
<item>
<title><![CDATA[Kuwait&#039;s Agility says wins contract appeal]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=57370</link>
<description><![CDATA[KUWAIT. Kuwaiti logistics company Agility will be able to go ahead with a contract to build and maintain a fish market thanks to a court appeal ruling.]]></description>
</item>
<item>
<title><![CDATA[Drydocks World edges closer to restructuring approval]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=57335</link>
<description><![CDATA[UAE. Drydocks World, which is testing a form of insolvency protection drawn up in response to Dubai&#039;s 2009 debt crisis, has 87% of creditors signed up to its restructuring plan.]]></description>
</item>
<item>
<title><![CDATA[PwC partners appointed nominees in first application for Dubai&#039;s Decree No.57 ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=57326</link>
<description><![CDATA[UAE. Ian Schneider, Tony Lomas and Steven Pearson, Partners at PwC, were appointed on Sunday as joint nominees to Drydocks World - Dubai under Decree No 57 for 2009. ]]></description>
</item>
<item>
<title><![CDATA[Drydocks World files for Dubai court protection ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=57320</link>
<description><![CDATA[UAE. Drydocks World - Dubai is using the special tribunal  to force holdout creditors to sign up to the company&#039;s US$2.2 billion debt restructuring plan.  ]]></description>
</item>
<item>
<title><![CDATA[DP World profit climbs 82% ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=57275</link>
<description><![CDATA[UAE. The world&#039;s third- biggest port operator&#039;s full- year profit was helped by gains from the part-sale of its terminals in Australia and as container volumes rose.]]></description>
</item>
<item>
<title><![CDATA[Aramex may tap debt market as it seeks funding for acquisitions]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=57214</link>
<description><![CDATA[UAE. &quot;With our acquisitions last year our cash went down, but being a company that has very little debt our debt capacity is quite substantial,&quot; Chief Executive Officer Fadi Ghandour said.]]></description>
</item>
<item>
<title><![CDATA[DP World to repay US$3 billion loan early ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=57212</link>
<description><![CDATA[UAE. The Dubai-based port operator today announced it will use existing cash resources to repay all US$3 billion outstanding under its revolving credit facility due to mature in October 2012. ]]></description>
</item>
<item>
<title><![CDATA[Drydocks World is &#039;confident&#039; in debt deal after court case loss]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=57113</link>
<description><![CDATA[UAE. &quot;I would very much hope that, notwithstanding their legal action, Monarch will accept the very reasonable restructuring proposal,&quot; Chairman Khamis Juma Buamim said. ]]></description>
</item>
<item>
<title><![CDATA[Regional aviation and logistics industry players look to tap growing potential of Iraqi market ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=57110</link>
<description><![CDATA[UAE. US$50 billion allocated by Iraq for development of country&#039;s airports; Second Iraq Airports, Aviation and Logistics Exhibition &amp; Conference to be held in Erbil in October 2012.]]></description>
</item>
<item>
<title><![CDATA[Al-Futtaim Group launches leisure marine company]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=57107</link>
<description><![CDATA[UAE. Al-Futtaim Marine will offer new and used yacht brokerage and sales, maintenance and repair services, insurance, charter and marine consultancy.]]></description>
</item>
<item>
<title><![CDATA[Hedge fund wins claim against Dubai&#039;s Drydocks]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=57083</link>
<description><![CDATA[UAE. Monarch Alternative Capital said it has won a US$72 million legal claim against Drydocks World for defaulting on a loan, putting the US$2.2 billion debt restructuring in further trouble.]]></description>
</item>
<item>
<title><![CDATA[BRICS economies will play dominant role in global trade, say experts]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=57067</link>
<description><![CDATA[UAE. World Ports and Trade Summit (WPTS) 2012 in Abu Dhabi  includes a dedicated Emerging Markets Review session, which will bring together industry experts from various countries to discuss the role that these economies will play in light of developments in the Middle East.]]></description>
</item>
<item>
<title><![CDATA[US targets Dubai bank over Iran dealings]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56915</link>
<description><![CDATA[UAE. Dubai has benefited from tougher sanctions pushing more business its way. It has a sizeable Iranian expatriate population and hosts a fleet of traditional wooden dhows (boats) which transport goods across Gulf waters to Iranian ports every day.]]></description>
</item>
<item>
<title><![CDATA[Drydocks World to present plan to restructure US$2.2 billion debt next week]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56897</link>
<description><![CDATA[UAE. Drydocks World, a unit of state-controlled Dubai World, will on March 8 &quot;present the terms of its proposal and the steps required to implement it along with the associated timeline to all its syndicated lenders.&quot; ]]></description>
</item>
<item>
<title><![CDATA[DP World &#039;BB/B&#039; ratings affirmed on solid operating performance]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56854</link>
<description><![CDATA[UAE. We believe DP World&#039;s geographic diversification and exposure to growing emerging markets should help shield its creditworthiness, said Standard &amp; Poor&#039;s.
]]></description>
</item>
<item>
<title><![CDATA[Dubai to prove &#039;everybody wrong&#039; as US$3.25 billion in debt repayments loom]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56698</link>
<description><![CDATA[UAE. Dubai expects two of its main companies to refinance debt this year without government help as economic growth accelerates. &quot;I&#039;m very confident they will manage to sort out these issues on their own,&quot; Mohammed Al Shaibani, director general of the Dubai ruler&#039;s court, said.]]></description>
</item>
<item>
<title><![CDATA[UAE trade with US reaches record high of US$18.3 billion ]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56626</link>
<description><![CDATA[UAE. Increased trade and investment across several key economic sectors including manufacturing, infrastructure, and technology drove the rise in last year&#039;s economic activity.]]></description>
</item>
<item>
<title><![CDATA[DP World said to be seeking loan to help repay half of US$3 billion facility]]></title>'
<link>http://www.bi-me.com/main.php?c=3&amp;cg=2&amp;t=1&amp;id=56613</link>
<description><![CDATA[UAE. The Dubai World-controlled company is talking to HSBC, Standard Chartered and Citigroup for a new US$1.5 billion loan, a banker familiar with the talks said.]]></description>
</item>
</channel>
</rss>
