UPDATE 1-DP World's terminal volumes drop slightly
Published: Tuesday, 30 Oct 2012 | 6:43 AM ET
Belgium. It has also quit its venture in Yemen.
``These recent divestments allow us to recycle cash into projects already within our pipeline, such as Jebel Ali (United Arab Emirates) and London Gateway (United Kingdom) and, over time, to invest in new opportunities in line with our strategy, while maintaining balance sheet strength and flexibility,'' chairman Sultan Ahmed Bin Sulayem said in the statement.
Shares of DP World have climbed 20 percent this year on Nasdaq Dubai. The company is also listed on the London Stock exchange.
DUBAI, Oct 30- Dubai port operator DP World, which recently disposed of stakes in some non-core assets, reported a slight decline in its consolidated terminal volumes for the third quarter. This was because the Asia-Pacific and Indian subcontinent region and the Europe, Middle East and Africa region reported lower volumes.