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Dubai’s DP World boss removed from post after pressure over Epstein

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Dubai port giant DP World said on Friday its chairman and chief executive Sultan Ahmed Bin Sulayem had resigned, an announcement that followed mounting pressure over his alleged ties to Jeffrey Epstein.

Bin Sulayem, one of the Middle East’s most prominent business figures, is among the highest-profile executives to face scrutiny and be removed from senior roles following the recent release of the Epstein files, Reuters reported.

Dubai’s ruler on Friday also issued a decree appointing a new chairman for Dubai’s Ports, Customs and Free Zone Corporation, one of several roles previously held by Bin Sulayem.

Members of the U.S. Congress said Bin Sulayem’s name appeared in documents published by the U.S. Department of Justice, prompting renewed questions over his past interactions with Epstein, a convicted sex offender. Reuters was not able to independently verify the allegations in the files.

MOUNTING PRESSURE

Pressure had been building on the Emirati logistics firm after two organisations, the UK development finance agency and Canada’s second-largest pension fund, said this week they would suspend all new investment with DP World over Bin Sulayem’s alleged Epstein ties.

On Friday the UK agency, British International Investment, welcomed DP World’s decision and said it looked forward to continuing “our partnership to advance the development of key African trading ports”.

Canada’s La Caisse said in a statement that “the company took the appropriate measures”. It said it would “move quickly to work with DP World’s new leadership to continue our partnership on port projects around the world”.

DP World appointed Essa Kazim as chairman of its board of directors and Yuvraj Narayan as group chief executive officer, Dubai Media Office reported earlier.

Kazim currently serves as governor of the Dubai International Financial Centre, while Narayan, who joined DP World in 2004 and most recently served as deputy CEO, has held several senior roles in the company.

GLOBAL FALLOUT FROM EPSTEIN FILES

The resignation of Bin Sulayem follows the departure of other prominent figures in business and politics from top jobs across the globe as the fallout from the files expands.

Goldman Sachs (GS.N), opens new tab general counsel Kathy Ruemmler said she will resign this summer over the ties, the Financial Times reported on Thursday, while at least three members of British Prime Minister Keir Starmer’s administration stepped down after the appointment of Peter Mandelson as ambassador to the U.S. threw the government into crisis.

The Epstein files, among millions published by the U.S. Department of Justice, suggest a close relationship with Bin Sulayem for more than a decade after Epstein’s conviction in 2008 on prostitution charges involving an underage girl.

The documents include emails and text messages that appear to show discussions between Epstein and Bin Sulayem about business, conversations about sex and plans to visit Epstein’s Caribbean island.

The documents show the late disgraced financier’s web of relationships with prominent people in politics, finance, academia and business. Being named in the files is not evidence of criminal activity.

Epstein was found dead in a New York jail cell where he was being held on sex-trafficking charges in August 2019. His death was ruled as suicide by hanging.

PROMINENT FIGURE IN BUSINESS HUB DUBAI

Bin Sulayem, a prominent figure in Dubai and the wider Middle East, was one of the names behind the emirate’s growth into the region’s business and tourism hub.

Some of his ventures included establishing Nakheel, the real estate developer behind Dubai’s famous palm-shaped islands, as well as contributing to the creation of commodities exchange DMCC.

A frequent speaker at the World Economic Forum and other global business gatherings, he most notably oversaw DP World’s transformation into one of the world’s largest port and logistics operators.

The company says it handles around 10% of global container traffic with operations spanning countries including Canada, Peru, India and Angola.

DP World also sponsors a leading professional golf tour in Europe and has been a logistics partner for McLaren’s Formula 1 racing team since 2023.

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Iran claims it targeted a US-linked oil tanker in Strait of Hormuz

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Iran’s Islamic Revolutionary Guard Corps (IRGC) said Thursday that it carried out an attack on an oil tanker linked to a U.S. company in the Strait of Hormuz after the vessel allegedly ignored repeated warnings from Iranian authorities.

In a statement, the IRGC said the tanker Safesea Vishnu, which it described as owned by a U.S. company and sailing under the flag of the Marshall Islands, was struck north of the strategic waterway early in the morning.

Iranian officials claimed the ship failed to comply with maritime instructions issued by Iranian forces operating in the area.

The IRGC warned that shipping traffic in the Persian Gulf and the Strait of Hormuz faces increasing risks, placing responsibility for the heightened tensions on the United States. The IRGC urged commercial vessels transiting the region to follow Iranian maritime regulations in order to avoid potential attacks.

The incident comes amid a broader escalation of hostilities between Iran, the United States, and Israel.

On March 2, Tehran announced it was closing the Strait of Hormuz in response to ongoing U.S. and Israeli military operations against Iran. The strait is one of the world’s most critical energy corridors, carrying a significant share of global oil shipments.

Since the announcement, shipping and insurance costs in the region have surged, while global oil prices have risen amid fears of supply disruptions. Analysts warn that prolonged instability in the waterway could have major economic consequences worldwide.

The reported attack also follows continued U.S. and Israeli airstrikes on Iranian targets that began on February 28. Iranian authorities say the strikes have killed around 1,300 people and wounded more than 10,000 others.

In response, Tehran has launched drone and missile attacks targeting Israeli territory as well as locations in Iraq and several Gulf states that host U.S. military facilities, raising concerns about a widening regional conflict and threats to international shipping routes.

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US intelligence says Iran government is not at risk of collapse: report

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U.S. intelligence indicates that Iran’s leadership is still largely intact and is not at risk of collapse any time soon after nearly two weeks of relentless U.S. and Israeli bombardment, Reuters reported citing three ​sources familiar with the matter.

A “multitude” of intelligence reports provide “consistent analysis that the regime is not in danger” of collapse and “retains control of the Iranian public,” ‌said one of the sources, all of whom were granted anonymity to discuss U.S. intelligence findings.

The latest report was completed within the last few days, the source said.

With political pressure building over soaring oil costs, President Donald Trump has suggested he will end the biggest U.S. military operation since 2003 “soon.” But finding an acceptable end to the war could be difficult if Iran’s hardline leaders remain firmly entrenched.

The intelligence reporting underscores the cohesion ​of Iran’s clerical leadership despite the killing of Supreme Leader Ayatollah Ali Khamenei on February 28, the first day of the U.S. and Israeli strikes.

Israeli officials in closed discussions also ​have acknowledged there is no certainty the war will lead to the clerical government’s collapse, a senior Israeli official told Reuters.

The sources stressed that ⁠the situation on the ground is fluid and that the dynamics inside Iran could change.

The Office of the Director of National Intelligence and the Central Intelligence Agency declined to comment.

The ​White House did not immediately respond to a request for comment.

SHIFTING OBJECTIVES

Since launching their war, the U.S. and Israel have struck a range of Iranian targets, including air defenses, nuclear sites, and ​members of the senior leadership.

The Trump administration has given varying reasons for the war. In announcing the beginning of the U.S. operation, Trump urged Iranians to “take over your government,” but top aides have since denied that the objective was to oust Iran’s leadership.

In addition to Khamenei, the strikes have killed dozens of senior officials and some of the highest-ranking commanders in the Islamic Revolutionary Guard Corps (IRGC), an elite paramilitary force that ​controls large parts of the economy.

Still, the U.S. intelligence reports indicate that the IRGC and the interim leaders who assumed power after Khamenei’s death retain control of the country.

The Assembly ​of Experts, a group of senior Shiite clerics, earlier this week declared Khamenei’s son, Mojtaba, the new supreme leader.

Israel has no intention of allowing any remnants of the former government to stay intact, said a ‌fourth source ⁠familiar with the matter.

It is unclear how the current U.S.-Israeli military campaign would topple the government.

It would likely require a ground offensive that would allow people inside Iran to safely protest in the streets, said the source.

The Trump administration has not ruled out sending U.S. troops into Iran.

INTELLIGENCE SUGGESTS KURDS LACK FIREPOWER TO FIGHT IRAN

Reuters reported last week that Iranian Kurdish militias based in neighboring Iraq consulted with the U.S. about how and whether to attack Iran’s security forces in the western part of the country.

Such an incursion could put pressure on Iranian security services ​there, allowing Iranians to rise up against the ​government.

Abdullah Mohtadi, the head of the ⁠Komala Party of Iranian Kurdistan, part of a six-party coalition of Iranian Kurdish parties, said in an interview on Wednesday that the parties are highly organized inside Iran and that “tens of thousands of young people are ready to take up arms” against the government if they receive ​U.S. support.

Mohtadi said he has received reports from inside Iranian Kurdistan that IRGC units and other security forces have abandoned bases ​and barracks out of fear ⁠of U.S. and Israeli strikes.

“We have been witnessing tangible signs of weakness in Kurdish areas,” he said.

But recent U.S. intelligence reports have cast doubt on the ability of the Iranian Kurdish groups to sustain a fight against Iranian security services, according to two sources familiar with those assessments.

The intelligence indicates that the groups lack the firepower and numbers, they said.

The Kurdish Regional Government, which governs ⁠the autonomous region ​of Iraqi Kurdistan where the Iranian Kurdish groups are based, did not immediately respond to a request for ​comment.

The Iranian Kurdish groups have in recent days asked senior officials in Washington and U.S. lawmakers for the U.S. to provide them with weapons and armored vehicles, another person familiar with the matter said.

But Trump said on Saturday ​that he had ruled out having the Iranian Kurdish groups go into Iran.

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As many as 150 US troops wounded so far in Iran war: report

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As many as 150 U.S. troops have been wounded in the 10-day-old ​war with Iran, Reuters reported citing two people familiar with the matter.

The casualty figure has not been previously reported. Prior to Reuters’ publication of the figure, the Pentagon had only disclosed eight U.S. personnel seriously injured.

In a statement after ​Reuters published its report, the Pentagon estimated the figure to be approximately ​140 wounded and said the vast majority of them were ⁠minor.

“Since the start of Operation Epic Fury, approximately 140 U.S. service members ​have been wounded over 10 days of sustained attacks,” said chief Pentagon ​spokesperson Sean Parnell.

He said 108 of the wounded service members had already returned to duty.

Parnell said the eight seriously wounded service members were receiving the highest level of medical ​care.

Reuters could not determine the types of injuries and whether they include traumatic brain ​injuries, which are common after exposure to blasts.

Iran has launched retaliatory strikes against U.S. military bases ‌since ⁠the start of the conflict on Feb. 28. It has also struck diplomatic missions in Arab Gulf states as well as hotels and airports and damaged oil infrastructure.

The Pentagon says the number of Iranian strikes has fallen sharply ​since the start of ​the war, as ⁠the U.S. military bombs Iran’s weapons inventories and targets Iran’s more limited number of missile launchers.

Asked if ​Iran was a stronger adversary than he expected when the ​U.S. military ⁠drew up its war plans, General Dan Caine, chairman of the Joint Chiefs of Staff, told reporters earlier on Tuesday that the fight was not harder than ⁠expected.

“I think ​they’re fighting, and I respect that, but ​I don’t think they are more formidable than what we thought,” Caine told a Pentagon briefing.

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