Dubai-based ports boss leaves company after Epstein links revealed Politics The head of Dubai-based logistics group DP World has left his post after revelations over his links with convicted sex offender Jeffrey Epstein put the state-backed company under pressure to take action. Sultan Ahmed bin Sulayem’s exit as chairman and chief executive comes after freshly-released files showed the Emirati mogul appears to have exchanged hundreds [...]
Decade-long DP World sponsor extension largest in European Tour golf history Sport Business The decade-long sponsorship extension between DP World and golf’s European Tour is the largest in the circuit’s history. In its entirety the fresh deal, described as record-breaking, will see the European Tour known as the DP World Tour until at least 2035. It comes ahead of this weekend’s Tour Championship, the climax of the European [...]
British ports request £120m for ‘white elephant’ Brexit border posts Transport and infrastructure British ports are demanding £120m in compensation after being forced to invest millions in post-Brexit border control posts rendered “obsolete” by Keir Starmer’s new EU deal. Monday’s UK-EU trade deal committed to removing border checks on plant, animal and food imports from the EU member states. The deal was welcomed by the port industry, but [...]
DP Poland: Sales at Eastern European Domino’s Pizza owner jump November 4, 2024 DP Poland, the owner of Domino’s Pizza in Poland and Croatia, has announced double-digit growth as its bet on franchising has paid off. The group holds the master franchise rights to the Domino’s brand and network in Poland and Croatia, with 111 locations across Poland and five across Croatia. In Poland, sales increased by 19 per cent [...]
DP World: P&O Ferries owner unveils £1bn London Gateway investment following row October 14, 2024 DP World had threatened to cancel the announcement after Transport Secretary Louise Haigh described its subsidiary as a "cowboy operator."
Like it or loathe it, DP World’s £1bn investment is vital to UK shipping October 13, 2024 The government narrowly avoided a major setback after DP World, the owner of P&O Ferries, threatened to pull £1bn in investment from London Gateway port.
DP World: Ministers had ‘conversation’ to salvage investment after row October 13, 2024 Ministers were forced to “have a conversation” with executives from DP World to secure its investment after a senior minister referred to one of its subsidiary P&O Ferries a “rogue operator”, the business secretary has said. Business secretary Jonathan Reynolds said the investment – which was reportedly put in jeopardy following the scathing criticism of [...]
DP World to attend government investment summit despite call to boycott P&O October 12, 2024 DP World will attend the government’s international investment summit on Monday despite reports that a row over calls to boycott its subsidiary P&O Ferries had put a £1bn investment at risk. Dubai-based DP World was reported to have pulled out of the summit and put plans to announce a major investment in the UK under [...]