Dubai-based port firm DP World reports $1.29B profit in 2018

Image

DUBAI, UAE - Global port operator DP World says its profit rose 10 percent in 2018 despite worldwide tensions over trade amid a trade war between China and the U.S. and fears about Britain leaving the European Union.

The port operator on Thursday reported profits of around $1.29 billion, up from around $1.17 billion the year before.

Its revenue for the year was $5.6 billion, up from $4.7 billion the year prior. That's a revenue increase of 19.8 percent for the port operator.

DP World has expanded aggressively into new markets, including into East Africa, where the Emirati government as well has begun building new military bases.

In February, Al-Shabab militants shot and killed a Maltese man working for DP World in Somalia, saying the UAE firm "occupies" the area.

Related Articles

USAID folded as State Department takes over

According to Rubio, USAID had failed on its mandate for decades, noting that the funding was not in the interest of Americans.

  • World

    02-07-2025

  • 01:21PM

Medvedev Says Countries Ready to Arm Iran With Nuclear Warheads After US Strikes

He added that “several countries are ready to supply Iran with their nuclear warheads directly.”

  • World

    22-06-2025

  • 11:23AM