Thursday 25 August 2011

Financial crisis gives DP World wide berth - The National

DP World, one of the world's largest port operators, will focus on expanding its emerging market business as global economic uncertainty clouds the outlook for trade in the second half of the year.

Stalling economic growth in the developed world has not hurt the company's performance, with 80 per cent of its revenues already from emerging markets, said Mohammed Sharaf, the chief executive.

"With our focus on the more resilient emerging markets, we still expect to deliver full-year results in line with expectations," he said yesterday.

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