Two major institutional investors have suspended new investments in DP World following the release of fresh documents related to the Jeffrey Epstein case.
Sultan Ahmed bin Sulayem © DP World
Two major institutional investors have suspended new investments in DP World following the release of fresh documents related to the Jeffrey Epstein case.
The UK’s development finance institution, British International Investment, and Canadian pension fund La Caisse announced they would halt new capital commitments to the Dubai-based port operator pending clarification of allegations concerning DP World’s chairman and CEO, Sultan Ahmed bin Sulayem.
Recent disclosures by the U.S. Department of Justice included communications suggesting a past relationship between Bin Sulayem and Epstein that extended over several years, including after Epstein’s 2008 conviction.
The documents reportedly contain emails and messages referencing business discussions and social interactions. The inclusion of a name in the files does not in itself imply criminal wrongdoing.
DP World declined to comment, and Bin Sulayem has not publicly responded.
British International Investment said it was “shocked by the allegations” and would not proceed with further investments alongside DP World until appropriate measures are taken. La Caisse stated it would suspend new capital allocations until the company clarifies the situation.
Bin Sulayem is widely regarded as one of Dubai’s most influential business leaders. Under his leadership, DP World has grown into a global logistics giant handling around 10% of global trade, with operations spanning Africa, Europe, Asia and the Americas.
The unfolding controversy adds reputational pressure on the company as global partners and stakeholders assess the potential impact of the revelations.
By Arthur Graby
The UAE Floating Hospital in Al Arish (Egypt) is continuing to receive injured patients and medical cases from the Gaza Strip, as part of the United Arab Emirates’ ongoing humanitarian efforts to support the Palestinian people.
Uber and Baidu announced that they will roll out autonomous ride-hailing services in Dubai next month, marking a new milestone in the Chinese firm’s global expansion strategy.
Saudi Arabia’s Public Investment Fund (PIF), which manages assets worth about $925 billion, is set to unveil a new five-year strategy this week, marking the most significant overhaul yet of Crown Prince Mohammed bin Salman’s economic transformation agenda.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.