United Arab Emirates

DP World appoints new chairman and group CEO following departure of Sultan Ahmed bin Sulayem over ties to sex offender.

United Arab Emirates-based logistics giant DP World has appointed a new chairman and CEO, after coming under pressure over former company chief Sultan Ahmed bin Sulayem’s ties to the late sex offender Jeffrey Epstein

The UAE government’s Dubai Media Office said Friday that Essa Kazim had been appointed chairman and Yuvraj Narayan as group CEO of DP World, one of the world’s largest logistics companies, which claims to handle about 10 percent of global trade.

The roles were previously held by bin Sulayem, one of Dubai’s most powerful and well-connected people, who has led DP World – which operates more than 60 ports and terminals worldwide – for more than four decades.

Sulayem’s lengthy tenure at the helm of the logistics giant came to an end in a firestorm of controversy over his links with the disgraced financier, after recently declassified documents showed the pair had exchanged messages for years before and after Epstein pleaded guilty in 2008 to soliciting a minor for prostitution.

Salacious exchanges

The friendly exchanges between the two include discussions about deals and also mention bin Sulayem visiting Epstein’s private island while sharing contacts in business and politics.

The two men also shared salacious comments about women, with bin Sulayem’s email address featuring a correspondence in which Epstein remarked, “I loved the torture video.”

Bin Sulayem’s name was blacked out in documents released by the Department of Justice, but on Tuesday, Democratic Representative Ro Khanna identified him in the House of Representatives, along with five others whose names had been redacted, saying the government had shielded their names “for no apparent reason”.

Since Khanna’s speech to Congress, the Justice Department partially unredacted some of the files he pointed to.

Partners suspend ties

While the files referenced by Khanna did not appear to implicate bin Sulayem or the other men in any specific crimes, the revelation of bin Sulayem’s years-long friendship with Epstein prompted the ‌United Kingdom development investment agency, British International Investment, and Canada’s second-largest pension fund, La Caisse, to announce they had paused future ventures with DP World in response.

La Caisse, which in 2022 invested $2.5bn in Jebel Ali Port, the Jebel Ali Free Zone and the National Industries Park, three of DP World’s flagship assets in the UAE, said on Tuesday that it would not carry out further investments until it shed light on bin Sulayem’s links to Epstein and took “necessary actions”.

On Friday, British International Investment welcomed DP World’s appointment of a new ⁠chief executive and said it would resume investment alongside the company.

“We ‌welcome today’s decision by DP World and look forward to continuing our partnership to advance the development ⁠of key African trading ⁠ports to unlock the continent’s global trading potential,” a ⁠spokesperson for the agency said.

Epstein was convicted of procuring a minor for prostitution in 2008, spending about a year in prison before his release.

His contacts with a network of wealthy and influential figures continued in the wake of his conviction until an investigation into the wealthy financier was reopened in 2019.

Epstein died in prison that year while facing charges of sex trafficking underage girls.

Iran examines regional proposals to ease tensions with the US as it expects a framework for talks in the coming days.

Iran has said that it expects progress on a framework to restart nuclear talks with the United States as unverified reports suggest the country’s president has ordered the revival of the negotiations.

Tehran said on Monday that it is examining several diplomatic processes pitched by countries in the region to ease tensions with Washington, adding that it expects a framework for talks in the coming days.

The announcement came as Tehran and Washington appear to be pulling back from the threat of military action.

US President Donald Trump sent warships to the Middle East after Iran violently put down mass protests in January, but he then called for Tehran to make a deal to resume talks on its nuclear programme, which were abandoned in June when Iran was attacked by the US and Israel.

On Sunday, Trump said the US is talking with Iran. Tehran’s Ministry of Foreign Affairs spokesman Esmaeil Baghaei has now confirmed indirect negotiations are ongoing.

“Countries of the region are acting as mediators in the exchange of messages,” he said on Monday without giving details on the content of the negotiations.

“Several points have been addressed, and we are examining and finalising the details of each stage in the diplomatic process, which we hope to conclude in the coming days.”

The state news agency IRNA reported that Foreign Minister Abbas Araghchi had telephone calls with Saudi Arabia, Egypt and Turkiye to discuss the latest developments.

Later, the Fars news agency quoted an unnamed source as saying Pezeshkian had ordered the resumption of nuclear talks.

“Iran and the United States will hold talks on the nuclear file,” Fars reported without specifying a date. The report was also carried by the government newspaper Iran and the reformist daily Shargh.

Araghchi is due to meet US envoy Steve Witkoff for negotiations against this backdrop, Iranian news agency Tasnim also reported on Monday. Neither Tehran nor Washington has verified a meeting has been arranged.

The reports out of Tehran came as the region has been braced for a potential US attack as an aircraft carrier and fighter jets are sitting in the Indian Ocean close enough to assist a strike.

Trump threatened Iran in the wake of mass protests there in which thousands of people were killed in January. The demonstrations, which were triggered by economic distress and the collapse of the country’s currency, morphed into a direct challenge to the government.

However, Trump’s approach has since transformed into a demand for a nuclear deal as the US and European Union are concerned that Iran is seeking to develop nuclear weapons. Tehran insists its programme is strictly civilian.

While Iran suggested on Monday that it is moving closer to agreeing to reopen talks, it is understood that the US has set some conditions.

Iranian sources told the Reuters news agency that for talks to resume, Trump has demanded that Iran agree to end enrichment of uranium, curtail its missile programme and halt support to its network of allied armed groups in the region.

In the past, Iran has shown flexibility in discussing the nuclear file, but missiles and regional allies have long been treated as nonnegotiable.

It is not clear whether Iran would change its position now that the country urgently needs sanctions relief to improve the economy and stave off future unrest.

In June, American and Iranian officials had kicked off negotiations in Oman, but the process stalled after Israel attacked Iran and then the US bombed Iranian nuclear facilities.

On Sunday, Trump said Iran was “seriously talking” with the US but insisted, “We have very big, powerful ships heading in that direction.”

Iranian Supreme Leader Ali Khamenei has also maintained a defiant tone, warning on Sunday that any attack would result in a “regional war”.

As officials in the region geared up their diplomacy to avoid another confrontation, the EU last week designated Iran’s Islamic Revolutionary Guard Corps as a “terrorist organisation”.

On Monday, Iran said it had summoned all EU envoys in recent days over the move, adding that it was considering “countermeasures”.