Financial Gazette Newswire
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    • DP World Limited handled 63.7 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the full year of 2016, with gross container volumes growing by 3.2% year-on-year on a reported basis, and 2.2% on a like-for-like basis. pic (c) maritimegateway.com
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Source: Financial Gazette Newswire |

Dubai sues China’s Merchants Port (By Paul Nyakazeya)

The lawsuit was filed in the High Court of Hong Kong for unlawfully procuring and inducing the Republic of Djibouti to breach various agreements between the African country and DP World

By Paul Nyakazeya UNITED Arab Emirates’ (UAE) DP World Limited and its subsidiaries has taken legal action against China for building an international free zone on a terminal being disputed with Djibouti. The lawsuit was filed in the High Court of Hong Kong for unlawfully procuring and inducing the Republic…

Source: Financial Gazette Newswire |

Angola sink deeper into debt

The debt is very high considering that the country has a resources that has been a major contributor to it’s economic revival and potential for growth if properly managed

Angola’s is failing to control its foreign and domestic debt which is estimated at nearly $80 billion despite being the second largest oil producing country in Africa and the continent’s third strongest economy. The debt is very high considering that the country has a resources that has been a major…