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Tuesday, 25 January 2011

Dubai port firm: 2010 business jumped 14 percent

DP World said Tuesday business rose 14 percent last year, reflecting the expansion of the Dubai port operator's global network and a resurgence in trade as the world economy picks up steam.

The world's third-largest seaport operator said its ports handled the equivalent of 49.6 million standard 20-foot cargo containers, up from 43.4 million in 2009.

CEO Mohammed Sharaf said the growth puts the firm on track to report financial results in line with analysts' expectations and ahead of last year's figures. Full earnings are expected in the coming weeks.