Dubai’s DP World is exploring opportunities to share expertise with one of India’s largest conglomerates, Tata Group, as the world’s fourth biggest port operator continues to eye expansion in Asia's third largest economy.
Senior executives of Tata, whose global footprint spans 100 operating companies dealing in salt and beverages to steel and and IT, met the DP World group chairman and chief executive Sultan bin Sulayem in Dubai, the company said in a statement on Wednesday. Ahmed Al Haddad, Jafza’s chief operating officer and Dubai trade executive director, Mahmood Al Bastaki, also joined discussions that covered logistics and supply chain operations, customer care and creating high quality sustainable services, it said.
“Both companies can benefit through exchange of knowledge and know how, sharing expertise and experience in areas that deliver solutions to India's growing economy and trade,” Mr bin Sulayem said.
DP World has extensive business interests in India, including six container terminals, inland container depots and warehousing assets, supporting over 30 per cent of the country’s container trade. The Nasdaq Dubai-listed firm is bullish on the growth prospects of the Indian market, particularly the logistics sector in the country, which is estimated to grow to $215bn by 2020. India currently has 34 multi-modal logistics parks and more than 1,300 infrastructure projects underway, the operator said in February.
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DP world’s earlier this week partnered with India’s government controlled National Investment and Infrastructure Fund to buy a majority stake in an Indian logistics and warehousing firm, their first investment as part of $3 billion spending plans.
Hindustan Infralog, a DP World and NIIF’s joint venture investment platform, agreed to snap up 90 per cent of Continental Warehousing Corporation. The deal value is below 5 per cent of DP World’s net asset value at the end of 2017.
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
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In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
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Anxiety and work stress major factors
Anxiety, work stress and social isolation are all factors in the recogised rise in mental health problems.
A study UAE Ministry of Health researchers published in the summer also cited struggles with weight and illnesses as major contributors.
Its authors analysed a dozen separate UAE studies between 2007 and 2017. Prevalence was often higher in university students, women and in people on low incomes.
One showed 28 per cent of female students at a Dubai university reported symptoms linked to depression. Another in Al Ain found 22.2 per cent of students had depressive symptoms - five times the global average.
It said the country has made strides to address mental health problems but said: “Our review highlights the overall prevalence of depressive symptoms and depression, which may long have been overlooked."
Prof Samir Al Adawi, of the department of behavioural medicine at Sultan Qaboos University in Oman, who was not involved in the study but is a recognised expert in the Gulf, said how mental health is discussed varies significantly between cultures and nationalities.
“The problem we have in the Gulf is the cross-cultural differences and how people articulate emotional distress," said Prof Al Adawi.
“Someone will say that I have physical complaints rather than emotional complaints. This is the major problem with any discussion around depression."
Daniel Bardsley
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
