Dubai’s DP World to work with Israeli firm in bid for Haifa Port

Haifa, which is one of the major ports on Israel’s Mediterranean coast, will need to be upgraded as it faces competition from a nearby rival being built by a Chinese group. (Reuters)
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Updated 17 September 2020

Dubai’s DP World to work with Israeli firm in bid for Haifa Port

  • The two companies are in talks about opening a direct shipping line between Jebel Ali and Eilat

JERUSALEM: Dubai’s DP World is partnering with an Israeli group to bid for one of Israel’s two main ports and to examine opening a direct shipping line between the two Middle East states, it said on Wednesday.

The announcement came a day after Israel and the United Arab Emirates signed a historic agreement to normalize ties, and marks a big development in trade and economic collaboration.

Dubai state-owned DP World, which operates ports from Hong Kong to Buenos Aires, signed a series of agreements with Israel’s DoverTower, including a joint bid in the privatization of Haifa Port on the Mediterranean, one of Israel’s two main sea terminals.

“Israel has two ports, the port of Ashdod and the port of Haifa. They are strong ports in excellent locations. If there is an opportunity, there is nothing to prevent us from having a presence there,” DP World chairman Sultan Ahmed bin Sulayem told Arabiya TV.

DoverTower is owned by Israeli businessman Shlomi Fogel, a shareholder in Israel Shipyards and a partner in the Eilat port.

Fogel said as a result of the deal, DP World will collaborate with Israel Shipyards on the joint venture that will participate in the tender for the Haifa privatization.

DP World and DoverTower said they will also examine opening a direct shipping line between the Red Sea port of Eilat and Dubai’s Jebel Ali, the Middle East’s largest transshipment hub.

“Our work to build trade routes between the UAE, Israel and beyond will help our customers to do business in the region more easily and efficiently,” bin Sulayem said.

Israel is selling its state-owned ports and building new private docks in an effort to encourage competition and bring down costs.

Haifa Port will need to be upgraded to compete with a modern one being built in the area by China’s Shanghai International Port Group.

Israel Shipyards and Dubai’s Drydocks World will also examine partnering in producing and marketing products in Dubai.


Apple to launch first online store in India next week

Updated 18 September 2020

Apple to launch first online store in India next week

  • The company at present uses third-party online and offline retailers to sell its products in the country
  • India has become a key focus of tech giants over the last few years

NEW DELHI: Apple announced Friday that it will launch its first online store in India next week, as it seeks to increase sales in one of the world’s fastest-growing smartphone markets.
The company at present uses third-party online and offline retailers to sell its products in the country.
Apple CEO Tim Cook said in a tweet that the company “can’t wait to connect with our customers and expand support in India.”
The Sept. 23 launch comes ahead of India’s major Hindu festival season beginning next month.
With a nearly 1.4 billion people, including millions of new Internet users every month, India has become a key focus of tech giants over the last few years.
In August, three contract manufacturers for Apple iPhones and South Korea’s Samsung applied for large-scale electronics manufacturing rights in India under a $6.5 billion incentive scheme announced by the government.
Apple assembles some smartphones at Foxconn and Wistron’s plants in two southern Indian states.