Abu Dhabi to take over port management from Dubai

Abu Dhabi is taking over management of the city's port from neighbouring Dubai's port firm DP World, which runs similar facilities around the world. DP World and Abu Dhabi Terminals said Thursday that ADT will assume control of Mina Zayed in the new year, when an existing management services agreement expires. The move won't have a material effect on DP World's earnings, according to a regulatory filing.