Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Connected Government
- Consolidating Mission-critical Systems
- Constituent Servicing
- Continuous Monitoring: Tools and Techniques for Trustworthy Government IT
- The Data Privacy Imperative: Safeguarding Sensitive Data
- Eliminating the Pitfalls: Steps to Virtualization in Government
- Federal Executive Forum
- Federal Tech Talk
- Government Cloud Brokerage: Who, What, When, Where, Why?
- Government Mobility
- Mission-critical Apps in the Cloud
- Mobile Device Management
- The Modern Federal Threat Landscape
- The Path from Legacy Systems
- Understanding the Intersection of Customer Service and Security in the Cloud
Shows & Panels
Dubai port firm sells stakes in Belgium, Yemen
Thursday - 9/20/2012, 10:25am EDT
DUBAI, United Arab Emirates (AP) - Dubai's government-backed port operator DP World says it has sold off stakes in port businesses in Belgium and Yemen.
The company said Thursday it sold its 60 percent stake in Belgium's DP World Breakbulk NV and AProjects NV to a buyer named Orienta NV. It says the businesses are worth $61 million.
Separately, DP World says it will no longer manage Yemen's Aden port after reaching a deal with Yemeni officials to divest its 50 percent stake in that business. Financial terms were not disclosed.
DP World is the world's third-largest seaport operator, with operations on six continents. The profit-making company is part of Dubai's troubled Dubai World conglomerate, but it was excluded from its parent's multibillion-dollar debt restructuring.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)