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Pressure rises on Dubai port giant DP World over chief’s alleged Epstein ties

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The UK development finance agency and Canada’s second-largest pension fund have suspended new investment with global ports operator DP World over alleged ties between its chief executive and the late disgraced financier Jeffrey Epstein, raising pressure on the Dubai-based firm.

Members of the U.S. Congress said DP World Chairman and CEO Sultan Ahmed bin Sulayem’s name appeared in the files, prompting renewed scrutiny of his past interactions with Epstein, a convicted sex offender, Reuters reported.

The documents, some of millions published by the U.S. Department of Justice and showing Epstein’s web of relationships with prominent people in politics, finance, academia and business, suggest a close relationship between the two men 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 the two men about business, conversations about sex and plans to visit Epstein’s Caribbean island.

Being named in the files is not evidence of criminal activity.

DP World declined to comment, while Bin Sulayem did not immediately respond to a request for comment sent to his LinkedIn account.

The UK development finance agency, British International Investment, said that it had paused new investments with DP World.

“We are shocked by the allegations emerging in the Epstein files regarding Sultan Ahmed bin Sulayem,” said a spokesperson for BII, which invests alongside DP World in four ports in Africa.

“In light of the allegations, we will not be making any new investments with DP World until the required actions have been taken by the company.”

Canadian pension fund La Caisse said in a statement it was “pausing additional capital deployment alongside the company” until DP World clarified the situation and took “the necessary actions”.

PROMINENT ROLE

Bin Sulayem, one of Dubai’s most influential businessmen, has led DP World through an expansion that has seen the company turn into one of the world’s largest logistics companies.

It says it handles around 10% of global trade, with operations spanning across the globe, including in 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. Its logo can be seen on cricket players in South Africa and football players in Australia.

McLaren declined to comment on whether it was revisiting its relationship with the Emirati company.

Besides his role at DP World, Sulayem is listed as chairman of the Dubai International Chamber and the Dubai Ports, Customs and Free Zone Corporation, among others.

Some of Bin Sulayem’s other ventures include establishing Nakheel, the real estate developer behind Dubai’s famous palm-shaped islands, as well as contributing to the creation of commodities exchange DMCC, according to a bio on DP World’s website.

World

Syria will stay out of Iran conflict unless it faces aggression, president says

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Syrian President Ahmed al-Sharaa said on Tuesday that his country will ​stay out of the U.S.-Israeli war against Iran unless Syria is subject to ‌aggression and has no diplomatic solutions.

“Unless Syria is targeted by any party, Syria will remain outside any conflict,” the Syrian president said at an event hosted ​by think tank Chatham House in London, Reuters reported.

“We do not want Syria ​to be an arena of war. But unfortunately, today, things ⁠are not governed by wise minds. The situation is volatile and ​random,” the president said.

The month-long conflict has spread across the region, killing thousands, ​disrupting energy supplies, and threatening to send the global economy into a tailspin.

“We want Syria to have ideal relationships with the entire region, with Lebanon, Iraq, Turkey, Saudi Arabia, ​and world powers like the UK, France, Germany and the U.S. I think that Syria is ​qualified to start a strategic relationship network,” he said, responding to a question on ‌whether ⁠Syria would stay neutral while the conflict goes on.

Syria has been keen to stay on the sidelines of the regional conflict that has pulled in neighbouring countries, including Lebanon, where armed group Hezbollah is locked ​in fighting with Israeli ​ground troops, ⁠and Iraq, where Iran-aligned factions have launched drone and rocket attacks.

Syria sent thousands of troops to its western ​border with Lebanon and its eastern border with Iraq ​earlier this ⁠month. Syria’s defense ministry said the deployment was part of efforts to “protect and control the borders amid the escalating regional conflict”.

“We had enough war. ⁠We paid ​a large bill. We are not ready ​for another war experience,” Syria’s president said.

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Trump tells allies to ‘get your own oil’ from Strait Of Hormuz or buy from US

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US President Donald Trump again on Tuesday lashed out at allies urging those  affected by fuel shortages to secure their own supplies or buy from the United States.

In a post on Truth Social early in the day, Trump criticised allies stating: “All of those countries that can’t get jet fuel because of the Strait of Hormuz, like the United Kingdom… I have a suggestion for you: Number 1, buy from the U.S., we have plenty, and Number 2, build up some delayed courage, go to the Strait, and just TAKE IT,” he wrote.

He added: “You’ll have to start learning how to fight for yourself, the U.S.A. won’t be there to help you anymore… Go get your own oil!”

The remarks come amid heightened tensions in the Gulf, where shipping traffic has been severely disrupted, contributing to rising oil prices and concerns over global supply chains.

Pentagon briefing

At a press briefing on Tuesday, the Pentagon sought to clarify the US position, stopping short of endorsing Trump’s remarks.

Officials said the United States continues to prioritise freedom of navigation in the Strait of Hormuz and is working with regional partners to maintain stability. They emphasised that while all options remain under consideration, there has been no formal shift toward encouraging unilateral action by allied countries.

Pentagon spokespersons also noted that contingency planning is ongoing in response to escalating threats in the region, including missile and drone attacks, but reiterated that diplomatic efforts remain a key component of US strategy.

Key shipping route

The Strait of Hormuz, located between Iran and Oman, handles a significant share of the world’s oil and liquefied natural gas shipments. Any disruption to traffic through the waterway has immediate global repercussions, particularly for energy markets.

Recent weeks have seen escalating tensions involving Iran, with reports of restricted maritime movement and increased military activity in the region. Shipping slowdowns have already pushed oil prices higher and raised fears of prolonged economic fallout.

Trump’s comments also reflect a broader shift in tone toward allies, suggesting a reduced willingness by the United States to intervene militarily on behalf of partner nations.

Despite the controversy, US officials have not formally clarified whether the remarks signal a change in policy or were intended as rhetorical pressure on allies to strengthen their own energy security and defence capabilities.

Ongoing conflict

Trump’s remarks came against the backdrop of another night of intense fighting across the region, underscoring the growing volatility of the conflict.

Iranian forces reportedly struck a large Kuwaiti oil tanker off the coast of Dubai overnight, setting it ablaze and initially raising fears of a major oil spill. However, officials said on Tuesday that the fire had been contained, confirming that no oil leak occurred and no injuries were reported.

Earlier in the day, the United Arab Emirates Ministry of Defense said it had intercepted and responded to missiles and drones launched by Iran targeting the country.

As tensions ripple across the Gulf, Saudi Arabia also reported drone attacks overnight, highlighting the widening regional impact of the conflict. Iran’s foreign minister, however, insisted that the strikes were directed at US-linked targets and not at what he described as “brotherly” nations in the region.

Elsewhere, central Israel came under attack, with multiple strikes reported. The Israel Defense Forces said emergency responders had been dispatched to impact sites, while local media reported casualties.

In response, the IDF said it had carried out a series of strikes targeting government infrastructure in Tehran.

The Israeli military also confirmed it was continuing operations against the Iran-backed militant group Hezbollah in southern Lebanon, stating that several weapons depots, command centres, underground facilities and a rocket launcher had been destroyed.

However, Israel has also reported further losses, announcing that three additional soldiers had been killed in ongoing operations.

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World

Trump tells aides he is willing to end Iran war without reopening Hormuz, WSJ reports

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U.S. President Donald Trump ​told aides ‌he is willing to end ​the military ​campaign against Iran even ⁠if the ​Strait of ​Hormuz remains largely closed and leave ​a complex ​operation to reopen it ‌for ⁠a later date, the Wall Street Journal ​reported ​on ⁠Monday, citing administration officials.

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