DP

Beyond a Resignation: DP World, Doraleh and the Red Sea Port Power Play The resignation of Sultan Ahmed bin Sulayem, the longtime head of DP World, after revelations about his links to Jeffrey Epstein, has been cast as a move for accountability. In practice, it looks like a political firewall for a far larger enterprise: the United Arab Emirates’ projection of power through ports from the Horn of Africa to the Indian Ocean, with the Red Sea as a central fault line. DP World, the Dubai government–owned port operator, is…

DUBAI — DP World said Friday that longtime chairman and chief executive Sultan Ahmed bin Sulayem has resigned, a move that follows mounting pressure over his alleged ties to Jeffrey Epstein and days after key investors froze new commitments to the Dubai-based ports and logistics group. The company named Essa Kazim as chairman of the board and elevated Yuvraj Narayan to group chief executive officer, Dubai Media Office said. Dubai’s ruler also issued a decree appointing a new chairman to the emirate’s Ports, Customs and Free…

DUBAI (AX) — DP World said Tuesday its operations at Berbera Port are continuing as normal, brushing aside immediate disruption concerns after Somalia’s federal government declared it was canceling all agreements with the United Arab Emirates, including port, defense and security deals. The Dubai-based ports operator said it remains bound by its existing agreements with North Western State of Somalia, the self-declared republic that Somalia considers part of its territory. The company declined to comment on what it…