Dubai port operator DP World suspends staff travel to China

DP World currently operates at three ports in mainland China, as well as another in Hong Kong. (Reuters )
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Updated 29 January 2020

Dubai port operator DP World suspends staff travel to China

  • DP World’s website shows it operates at three ports in mainland China and at another port in Hong Kong

DUBAI: DP World, one of the world’s largest port operators, has suspended all staff travel to China until further notice due to the  Wuhan coronavirus outbreak.

Companies including Facebook, LG Electronics and Standard Chartered are among those restricting travel for employees to China, where the death toll from a flu-like virus rose above 100 on Tuesday.

“All travel to China is suspended until further notice, unless for emergency purposes. We continue to monitor World Health Organization and government advice,” a spokesman at DP World told Reuters on Tuesday.

DP World’s website shows it operates at three ports in mainland China and at another port in Hong Kong.

Chinese nationals, however, would be permitted to travel back to China if they needed to go home, the spokesman added.

“All our ports are complying with the official government health ministry directive for operations, staff health precautions and risk mitigation plans,” he said, adding that ports need to continue to operate for welfare and health purposes, including the import of food and medicine.

Dubai’s Emirates airline has advised its flight crew to stay in their hotels when on a layover in China due to the coronavirus, an internal notice seen by Reuters showed.

The US has warned against travel to China, where the coronavirus outbreak has left millions of Chinese stranded during the country’s biggest holiday of the year. 


Alvarez & Marsal named administrators of UAE’s NMC Healthcare

Updated 28 September 2020

Alvarez & Marsal named administrators of UAE’s NMC Healthcare

DUBAI: Restructuring consultancy Alvarez & Marsal said on Sunday it had been appointed as administrator of a group of operating businesses related to NMC Healthcare by the Abu Dhabi Global Market Courts.

Richard Fleming and Ben Cairns of Alvarez & Marsal have been appointed as joint administrators, the firm said in an emailed statement, adding the administration process would address the “high levels of debt in the businesses.”

NMC Healthcare’s London-listed holding company NMC Health Plc is already being run by Alvarez & Marsal after going into administration in April following months of turmoil over its finances.

The turnaround specialist said on Sunday the appointment related directly to 36 operating businesses in the United Arab Emirates, but did not apply to businesses outside the country.

The appointment “will also allow the group of entities to secure an additional $325 million financing facility whilst protecting the businesses from creditor action,” Alvarez & Marsal said.

The administrators would lead the financial restructuring of those businesses while the existing NMC management team remained in operational control of the day-to-day running of medical and clinical activities, it said.

NMC Health is the largest private health care provider in the UAE, operating more than 200 facilities including hospitals, clinics and pharmacies.

Its implosion this year amid allegations of fraud and the disclosure of more than $4 billion in hidden debt has left some UAE and overseas lenders with heavy losses and prompted legal battles to try and recover money owed.