AD Ports Group and Iraq’s IDB Sign Agreement

AD Ports Group (ADX: ADPORTS), the leading facilitator of global trade, logistics, and industry, and International Development Bank (IDB) have signed a Memorandum of Understanding to review opportunities for ports and logistics projects that could enhance trade flows between the UAE and Iraq.The agreement was signed by Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, and Dr.Ziad Khalaf, Chairman, International Development Bank.Being the only ... [+]

AD Ports Group Acquires 80% Stake in Global Feeder Shipping

AD Ports Group announced that it has signed an agreement to acquire an 80% equity stake in Dubai-based Global Feeder Shipping (GFS), a global container shipping company.The total purchase consideration for the 80% stake amounts to US$ 800 million, implying a 100% Enterprise Value of US$ 1.0 billion), with the ... [+]

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