Dubai port giant DP World appoints new leadership after Epstein allegations

Dubai port giant DP World today announced the appointment of Essa Kazim as chairman of its board of directors and Yuvraj Narayan as group chief executive officer, Dubai Media Office reported, following mounting pressure on chief Sultan bin Sulayem, over alleged ties to Jeffrey Epstein.

Members of the US Congress said DP World's long-serving 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 was not able to independently review the allegations in the Epstein files, released by the US Department of Justice.

Sulayem, one of Dubai's most influential businessmen, has led DP World for over four decades, through an expansion that turned it into one of the world's largest logistics companies, which it says handles around 10% of global trade.

The UK development finance agency, British International Investment, and Canada's second-largest pension fund have suspended new investment with DP World over the Epstein allegations.