Dubai’s DP World reports rise in 2019 profit

Dubai’s DP World reports rise in 2019 profit

Energy |. Dubai's DP World reports rise in 2019 profit. Dubai's DP World,�one of the world's largest port operators, reported on Wednesday a marginal increase in full-year profit and said it was concerned about the near term outlook due to the coronavirus outbreak.. DP World made $1.34 billion last year compared to $1.33 billion in 2018, it said in a bourse filing.. On Tuesday, DP World announced that the cost of licence registration and administration for companies operating in one of the world's most sought-after business hubs - Jebel Ali Free Zone - will be slashed by up to 70 per cent.. The operators�said the initiative would immediately assist more than the 7,500 businesses that operate out of Jafza and hundreds of new businesses attracted by the region's most sought-after free zone's plug and play infrastructure and solutions for trade.. DP World, UAE Region contributes to over 33.4 per cent of Dubai's GDP and believes this initiative will further enhance the ease of doing business at Jafza, and continue to position Dubai as one of the global centres for commerce and trade.. DP World, UAE Region understands the impact that a renewed commitment can bring to the national economy,