United Arab Emirates
UAE condemns drone attack on its consulate in Iraq's Erbil
UAE's foreign ministry condemned a drone attack on its consulate in Iraqi Kurdistan's Erbil, it said in a statement early on Tuesday.
DP World closed 2025 with the strongest financial performance in its history, defying global trade uncertainty to post results that exceeded expectations across every key metric.
DP World invested $3.1 billion in capex in 2025, expanding port capacity to 109 million TEU © Mena Today
DP World closed 2025 with the strongest financial performance in its history, defying global trade uncertainty to post results that exceeded expectations across every key metric.
Revenue surged 22% to $24.4 billion. Adjusted EBITDA climbed 18% to $6.4 billion. Net profit jumped 32.2% to $1.96 billion, while operating cash flow reached $6.3 billion, up 14%. Total gross throughput grew 5.8% to 93.4 million TEU, with revenue per TEU rising 8.5%.
"Our diversified portfolio, disciplined capital allocation, and focus on high-yield cargo enabled us to deliver resilient earnings and strong cash flow," said Chairman Essa Kazim. Group CEO Yuvraj Narayan credited the "One DP World" integrated model — unifying Ports, Logistics and Marine Services under a single strategic vision.
DP World invested $3.1 billion in capex in 2025, expanding port capacity to 109 million TEU. The 2026 budget targets $3 billion, focused on Jebel Ali, London Gateway, Ndayane (Senegal) and Jeddah.
In the GCC, Jebel Ali recorded 9% volume growth, while Saudi Arabia's new $800 million Jeddah terminal more than doubled capacity to 4 million TEU. On sustainability, Scope 1 and 2 emissions fell 14%, with 67% of electricity now from renewables.
DP World enters 2026 from a position of undeniable strength — and with a clear mandate to keep the world's supply chains moving.
UAE's foreign ministry condemned a drone attack on its consulate in Iraqi Kurdistan's Erbil, it said in a statement early on Tuesday.
The United Arab Emirates ambassador to the United Nations in Geneva called on Monday for a de-escalation of the U.S.-Israeli war with Iran and a return to negotiations.
The president of the United Arab Emirates said his nation was in a time of war but was well and told his enemies it was no easy prey, in his first public comments since Iran launched missiles at its Gulf neighbour amid U.S.-Israeli strikes.
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