DP World
Coverage of DP World in the Nexus archive.
- Opinion: How Israel's dream of being the Middle East's trade hub is unravelling
Israel's ambition to become the Middle East's trade hub is failing as Gulf states and allies develop alternative routes. Saudi Arabia and Turkey are reviving the Hejaz railway to bypass Israel, while the UAE explores a trade corridor through Syria and Iraq. DP World is building ports in Fujairah to avoid the Strait of Hormuz.
- How Israel's dream of being the Middle East's trade hub is unravelling
Gulf powers are developing trade corridors to bypass Israel, undermining its regional trade hub ambitions. Projects like the revived Hejaz railway and UAE-Syria-Iraq routes replace the stalled India-Middle East-Europe Economic Corridor (IMEC), which relied on Israel's Haifa port. Political tensions, physical threats, and Haifa's limited capacity have derailed IMEC, shifting trade routes to Gulf-led alternatives.
- DP World plans two ports in booming Fujairah
DP World plans two new ports in Fujairah, UAE, to bypass the Strait of Hormuz, linking them to Dubai via a logistics network. Fujairah's strategic access to the Indian Ocean and projects like an Abu Dhabi oil pipeline are fueling its growth as a maritime and export hub.
- Malaysian tycoon Syed Mokhtar urged to revoke appointment of port chairman linked to Epstein
Civil society groups are urging Malaysian billionaire Syed Mokhtar Al-Bukhary to revoke Sultan Ahmed Bin Sulayem's appointment as executive chairman of MMC Port Holdings due to alleged ties to Jeffrey Epstein. Bin Sulayem resigned from Dubai's DP World five months prior amid scrutiny over his email exchanges with Epstein.
- Malaysia can’t block MMC Port chief as state doesn’t meddle in company matters: minister
Malaysia’s government stated it cannot interfere in company management, only regulating shareholding structures, following Sultan Ahmed bin Sulayem’s appointment as CEO of MMC Port Holdings. Sulayem previously resigned from DP World amid scrutiny over alleged ties to Jeffrey Epstein.
- Dubai-based port operator plans to build UAE passageway to bypass Hormuz
DP World, a Dubai-based port operator, is planning to construct a new port and container terminal in Fujairah, UAE, to bypass the Strait of Hormuz following Iran's potential closure of the waterway. The project aims to expand the existing harbor in the emirate.
- The Gulf’s Quiet Push to Run Africa’s Ports
Gulf firms DP World and AD Ports are acquiring African ports from Dakar to the Congo River, establishing the UAE as a significant economic force in Africa. The article highlights the expansion of Gulf influence through port investments across the continent.
- DP World Seeks Return to US Container Operations at Texas Port
DP World aims to resume US container operations at the Port of Corpus Christi in Texas. The article references the port's location but does not provide additional details.
- Dubai’s DP World Meets Bond Investors to Allay Worries Over War
Dubai's DP World met with bond investors to address concerns over war. The company operates in the Port of Prince Rupert in Canada.
- UAE dives into Latin American ports
The UAE’s AD Ports Group acquired a Brazilian terminal operator for $835 million, while DP World will invest $100 million to expand a Dominican Republic port. These deals align with the UAE’s trade strategy, which includes agreements with over 35 countries and ongoing negotiations with Mercosur.
- DP World 'Bullish' on Africa Expansion
DP World is expanding into Africa and has a positive outlook on the expansion. The company's growth plans are driven by increasing trade volumes and investment in infrastructure. DP World's African expansion will focus on key markets and strategic partnerships.
- Trump’s Board of Peace holds Gaza reconstruction talks with UAE’s DP World
Trump’s Board of Peace held discussions with UAE’s DP World about Gaza reconstruction. Israel has killed over 700 people in Gaza since last year's US-brokered ceasefire.