DP World chairman and CEO Sultan Ahmed Bin Sulayem has resigned with mounting pressure over his alleged ties to Jeffrey Epstein.Bin Sulayem, one of the Middle East's most prominent business figures, is among the
DP World chairman and CEO Sultan Ahmed Bin Sulayem has resigned with 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.
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.
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
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