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Documents show that Epstein attempted to create a web of powerful connections across the Middle East.
The U.S. Department of Justice's documents reveal that embattled financier Jeffrey Epstein attempted to create a network of powerful political figures and businessmen in the Middle East. DP World announced that Sultan Ahmed Bin Sulayem resigned from his position as chairman and chief executive. Two sources who have direct knowledge of the matter said that the decision was made after Bin Sulayem’s name appeared on the Epstein files and his relationship with a late convicted sex offender came under increased scrutiny. Bin Sulayem and Epstein exchanged emails in which they discussed sexual relationships between Bin Sulayem and women Epstein had helped him meet. Bin Sulayem informed Epstein in an email dated November 9, 2007 that he met a woman of this type in New York. He did not identify her and said they had no sexual relations. He wrote: "Yes, after many attempts over several months, we were able to meet in NY," adding that it was a miscommunication because "she only wanted some BUSINESS!" I only wanted some PUSSYNESS!" Dubai's ruler also issued on Friday a decree that appointed a new chairman of Dubai's Ports, Customs and Free Zone Corporation, which was one of the many roles Bin Sulayem had held. I was able review independently only some Epstein files relating Bin Sulayem but was unable determine what exactly led to Bin Sulayem's departure from DP World, although sources stated, without giving further details, that the documents were the reason. Bin Sulayem has not responded to any requests for comments on his departure. DP World declined comment. COOKING TOGETHER Epstein described Bin Sulayem in an email exchange as funny, trustworthy, and a foodie. Epstein went on to say Bin Sulayem is a Muslim who does not drink alcohol and prays 5 times a day. A photograph, which was included in an email but is now publicly available, shows Epstein and Bin Sulayem cooking together and looking relaxed. Epstein did not provide the full name of who he sent it to. Bin Sulayem did not comment publicly on Epstein’s description of his relationship or the emails he sent about it. It is not criminal to be named in a file. Bin Sulayem was questioned by DP World financial backers about his past after the U.S. Congress pointed out that Bin Sulayem’s name appeared on files released by U.S. Department of Justice. Bin Sulayem didn't respond to these concerns publicly. British International Investment and Canada's second largest pension fund, both UK-based development finance agencies, said they would stop investing in DP World because of Bin Sulayem alleged ties with Epstein. We are horrified by the allegations that have emerged in the Epstein case A spokesperson for BII said, "Files regarding Sultan Ahmed Bin Sulayem", without specifying which allegations he meant. We will not make any new investments in DP World until they have taken the necessary actions. La Caisse, a Canadian pension fund, said that it would "pause additional capital deployment along with the company" until DP World clarified and took "the necessary steps". In a press release issued after the leadership change at DP World on Friday, BII praised DP World's decision. It said that it was looking forward to "continuing our partnership to advance development of key African Trading Ports". La Caisse stated that "the company took appropriate measures" as well as its intention to "move swiftly to work with DP World’s new leadership in order to continue our partnership for port projects throughout the world". Bin Sulayem didn't immediately respond to a question from La Caisse asking him for a comment about the actions taken by BII. DP World declined to comment. Contacts Network The DOJ's large collection of documents, including emails and text messages, shows that Epstein used his wealth to establish relationships with influential people in finance, politics, academia, and business all over the world. The report was unable determine whether Epstein's advice was taken into account by his contacts in the Middle East. Epstein attempted to give advice to Qatari political and business figures, according to the DOJ documents examined by. This was during the blockade of Qatar imposed by Saudi Arabia and the United Arab Emirates in 2017-21. Qatar had denied the accusations. Epstein, in an exchange with Sheikh Jabor Jasim Al Thani of the ruling family and Qatari businessman Jabor Yousuf Jassim al Thani, urged Qatar "to stop kicking and arguing...let's let the heat go down a little". He stated that "the current Qatari team is weak" and that "FM's lack of experience is evident." Qatar's Foreign Minister at the time was Sheikh Mohammed bin Abdulrahman Al Thani. He is now both Prime Minister and Foreign minister. Sheikh Mohammed is yet to comment publicly on Epstein’s portrayal. Qatar's International Media Office declined to comment on the exchange when asked about it. The office handles media requests from the Prime Minister. No response was received to a request sent via email to three Qatari companies where Sheikh Jabor holds the position of chairman, nor to a text message sent to someone who, according the documents?released? by the DOJ?, is employed in Sheikh Jabor?s office. Epstein encouraged Doha to establish ties with Israel in order to remain in good standing with Donald Trump who was in his first term of office as U.S. President. Epstein suggested that the Gulf State either recognize Israel or donate $1 billion to an anti-terrorism fund. Qatar stayed true to its independence. In 2021 the countries that had been blocking Doha restored their ties. The Trump administration has also strengthened its ties with Qatar. Discussion on SAUDI ARAMCO's IPO Epstein talked about Saudi Aramco’s initial public offering through dozens of emails. Epstein warned in an email exchange on September 10, 2016 with a person called?Aziza alahmadi and former Norwegian diplomat Terje Rod-Larson, that Aramco's initial public offering could expose Saudi Arabian assets to seizure and lawsuits. Saudi Aramco refused to comment on the emails. Alahmadi was not available for comment, and it was impossible to determine her role in Epstein's actions. Epstein, in an email dated 16 October 2017 and sent to Alahmadi as well, suggested that China be given the option to purchase a $100 billion stake in Aramco, rather than pursuing a conventional IPO. Epstein said this would allow for liquidity, while limiting their exposure to the public markets. Saudi Aramco refused to comment on the emails. Roed Larsen didn't immediately reply to an email sent via his attorney asking for comments. The DOJ documents show that Epstein also had a presence in Egypt. In some emails, Epstein was asked for help by a member of the Mubarak family - the wife Gamal Mubarak. This request came in 2011 after the ouster of the former president and the subsequent legal problems. The emails did not specify what type of assistance was requested and it was impossible to determine whether Epstein tried to intervene on behalf of the family. One lawyer was emailed for comment and another was texted. Both represented Gamal Moubarak. No immediate response was received.
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SBU: Ukraine strikes oil terminal in Russia’s Krasnodar and chemicals plant in Perm
Ukraine's SBU said that drones had 'hit' the Taman oil terminal, located in southern Russia's Krasnodar region, and a chemical plant in the Perm area near the Ural Mountains. Kyiv has intensified its 'long-range attacks on strategic Russian targets. This includes oil facilities, which have powered the war machine of Moscow during the four-year long war. Officials from the SBU confirmed that the attack on the Taman terminal is the second on the facility since January 22. Ukraine's General Staff reported separately that the terminal was struck on Sunday. SBU drones attacked Metafrax Chemicals in the Perm region in Russia, about 1,600 km away from Ukraine. The facility was described by the official as one of Russia's and Europe's largest methanol producers. The attacks took place ahead of the 'new round' of U.S.-mediated negotiations between Ukraine and Russia, which began Tuesday in Geneva. These talks are not expected to yield any significant results. Reporting by Tom Balmforth, Dan Peleschuk and Gareth Jones; Writing by Dan Peleschuk. Editing by Gareth Jones.
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Hungary and Slovakia search for reserves after Croatia warns against Russian oil requests
On?Tuesday?, a dispute?over oil deliveries to central Europe escalated after Croatia warned against Hungary and Slovakia offering additional Russian supplies. Since the 1960s, the vast Druzhba Pipeline from Russia to Ukraine has provided a vital lifeline for both countries. However, it has been closed since January 27, 2019. Ukraine claimed that this was because of a Russian attack against the pipeline. However, Hungary and Slovakia accuse Kyiv intentionally preventing supply. POLITICAL CLASH The standoff occurs as Hungarian Prime Minister Viktor Orban is trailing in the polls, ahead of an April 12 election where he could lose power after 16 years. Orban is a vocal opponent to Ukraine's bid for membership in the European Union. Hungary and Slovakia, on the other hand, have maintained good relations with Russian president Vladimir Putin during almost four years of conflict in Ukraine. After their request Monday that Croatia help supply seaborne Russian crude oil via the Adria pipe - also called the JANAF pipeline - Ante Susnjar, Economy Minister said this route could import more petroleum but suggested it should not come from?Russia. "A barrel purchased from Russia might?appear to be cheaper for some countries, but it helps fund wars and attacks against Ukrainian people," Susnjar wrote in a blog post on X. MOL, the Hungarian oil firm, did not reply to questions sent via email. Slovakia confirmed Tuesday that it had requested Croatia and Hungary jointly to secure Russian oil via the Adria Pipeline. EMERGENCY RESERVES Hungary and Slovakia are also in talks about releasing emergency supplies from their own stocks. According to EU law, they must hold 90 days worth of supply. A spokesperson for the European Commission said that there were no immediate risks to the security of supply. He added that Brussels had also been in touch with Ukraine about the timeline for the repair of the Druzhba Pipeline. Although there are EU sanctions against seaborne Russian crude oil imports following the war, Hungary and Slovakia have exemptions that would allow them to source Russian crude seaborne if their pipeline supply is disrupted. After the Ukraine's westward flow was halted, Czech Economy Minister Karel Havilicek said that his country would be able to offer small amounts of oil -to Slovakia via an eastward flow through the Druzhba Pipeline. US Sanctions The U.S. does not prohibit European countries from importing Russian oil, but Washington's recent measures against top Russian exporters Rosneft or Lukoil may complicate plans involving them using Croatia's Omisalj port or the 'Adria' pipeline. U.S. sanctions against Serbia's majority Russian refiner NIS, for instance, prevented the operator of the 'pipeline' from delivering crude in late last year. The U.S. Treasury Department’s Office of Foreign Assets Control issued a temporary license to the refiner allowing it resume operations. Reporting by Kate Abnett and Jan Lopatka; Editing by Inti landauro, Jan Harvey and Jan Harvey.
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Accounts show that Access World Logistics is under pressure due to an arbitration claim.
Show reports that an?arbitration suit filed in Hong Kong by the owners of the global?logistics firm Access World could cause financial risk for the group. This could have a ripple effect?throughout international metals markets. In a statement filed in October by Access?World's?accounts, it was stated that "a material uncertainity exists which may cast doubt on its ability to continue as a continuing concern". It linked this to a $14.8million arbitration claim made against Global Capital Merchants. Access World, a major logistics player that owns and rents warehouses for metals, including copper, has not revealed who made the claim or why. It did not reply to a comment request. Access World's London Metal Exchange warrants - which confer?ownership-- totaled more than 260,000 metric tonnes at the end January. This is about 20% of LME. If Access World loses an arbitration case, some of its subsidiaries could be named as guarantors and held liable. They may also find themselves unable to pay the?rent for warehouses that they rent, causing them to doubt the fate of the metals there. LME claims that its warehouse agreements protect the metals stored in LME registered facilities. The exchange responded to a comment request by saying that only the warehouse company was allowed to keep LME metal in a warehouse approved by the LME, and then only in the case of non-payment of rent or other charges. Five metals industry sources claim that such facilities are still locked by their owners, since the contracts they have with warehousing companies who lease them, and not the LME. It is hard to estimate the impact on metals pricing and liquidity of such actions, but Glencore's former owner Access World, which sold it in 2022, may be affected, as it continues to use Access World storage facilities and remains its largest client. The company responded to a comment request by saying that the cases were not related to Access World and would not have any material impact on Glencore. Three people with knowledge of the situation said that Access World had to sell some warehouses to pay the rent on warehouses it leased, including in New Orleans by 2024. Last year it fell behind in rent payments at the Port of Johor Malaysia. Port of Johor has not responded to any requests for comments.
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Accounts show that Access World Logistics is under pressure due to an arbitration claim.
Accounts seen by show indicate that an arbitration case filed in Hong Kong, against the owners, of the global?logistics firm Access World, could cause financial risk for the group, with ripple effects on international metal markets. In a statement filed in 'Access World's accounts?last October, it was stated that "a material uncertain exists which?may -cast doubt on the group?s ability to continue as a?going concern". It linked this to an arbitration claim of $14.8 million filed against Global Capital Merchants. Access World, a major logistics player that owns and rents warehouses for metals, including copper, has not revealed who made the claim or why. Access World's stock under the London Metal Exchange warrant, a document that confers ownership, exceeded 260,000 metric tonnes at the end January. This is about 20% of total?LME. If the Access World subsidiary loses the arbitration, it will be liable to pay the claim. The squeeze may also make the Access World subsidiary unable to pay the rent for the warehouses that they lease. This could cast doubt on the fate of the metals stored there. LME's warehouse agreements protect metals at LME-registered sites, according to the LME. The exchange responded to a comment request by saying that only the warehouse company was allowed to keep LME metal in an LME-approved warehouse. This would be in the case of non-payment of rent or other charges. Five metals industry sources claim that such facilities are still locked by their owners, since they have contracts with the warehousing companies who lease them, and not the LME. It is hard to predict the impact that such actions could have on metals pricing and liquidity, but Glencore, Access World’s former owner who sold?the firm in 2022, may be affected, as it continues to use their storage facilities and remains its largest client. The company responded to a comment request by saying that the cases were not connected to Access World’s business and would not have any material impact on Glencore. Access World had to sell some of its warehouses to pay for the rent of warehouses that it leased, including in New Orleans by '2024. Last year it fell behind in rent payments at the Port of Johor Malaysia. Port of Johor has not responded to any requests for comments.
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Turkmenistan president will visit EU to discuss energy, EU ambassador reports
The ambassador of the European Union to Ashgabat announced on Tuesday that Turkmenistan’s president was preparing to make an official trip to Brussels, as the European Parliament discussed ratification for a long-stalled partnership agreement with Central 'Asian State. Beata Peksa, EU Ambassador, said at a briefing held with Turkmenistan’s deputy minister of foreign affairs, Myahri byashimova that a date had not been set for the visit of President Serdar Berndymukhamedov, but energy was on the agenda. Turkmenistan is a largely desert country with a population of 7 million. It has the fourth largest reserves of gas in the world and is looking to diversify its markets. The majority of Turkmen gas is currently exported to China. Peksa said that the EU is looking to import green power?from Turkmenistan. The?Asian Development Bank has stated in 2022 that Turkmenistan has a major solar energy potential. Construction of energy infrastructure across Caspian Sea is required to import Turkmenistan's products into the EU. Peksa said that she also hoped to see the long-stalled Comprehensive Partnership and Cooperation Agreement (CPA) discussed between Turkmenistan and the EU in March. Turkmenistan remains the only post-Soviet country with which the European Union is yet to finalise a partnership agreement. The EU has been delaying the ratification of this deal since 1998 because it was concerned about Turkmenistan's human rights. Since 1991, when the country gained independence from the Soviet Union, it has maintained a strict neutrality. Since Berdymukhamedov inherited the presidency from his father Gurbanguly in?2022, he has intensified diplomatic relations with Western nations, Russia, China, and Central Asian neighbors. Reporting by Marat Gürt, Writing and editing by Felix Light
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Kenya airport workers end strike after two days
After two days of disruption, Kenyan airport workers ended their strike on Tuesday. The strike had caused flight delays and cancellations in one of Africa's most important air transport hubs. Some passengers who were stranded on the floor of Nairobi's Jomo Kenyatta International Airport waited for hours before their flight took off. Some passengers slept overnight on the airport floor. Transport ministry brokered an agreement with the Kenya Aviation Workers Union to end their industrial action. The ministry said that operations at the main Nairobi Airport?and other facility would now return back to normal. The exact time it will take to return to normal operations is not known. PASSENGERS LEFT LIMBO The union went on strike despite a court ruling that it shouldn't. It cited grievances, including the failure to reach a collective bargaining deal with the aviation authority. Kenyan Teresa Kamau said on Tuesday that she was stuck in the airport from Monday at 1100 GMT (1400 local time). Her flight to London was supposed to leave at 17:30. However, after spending five hours aboard, she was instructed to disembark and retrieve her luggage, while waiting for further instructions. "We've been here for a while," said?Kamau. "I just laid on the floor until morning." Harry Frimpong, a Ghanaian traveller, and his twin brother Garry were 'hurried to the airport when they heard that their flight would be taking off. When they finally arrived at the airport, they were left in limbo. Harry: "It is a really unfortunate situation. But I understand the workers must demand... 'their rights. (Additional reporting by Vincent Mumo Nzilani and Elias Biryabarema, in Nairobi; Writing by George Obulutsa & Alexander Winning; Editing Mark Potter & Jan Harvey).
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Enagas CEO: Open to European regulated assets aligned with strategy focused on hydrogen
Enagas' CEO stated on Tuesday that the company is willing to acquire regulated energy assets in Europe if they'match' its shift towards hydrogen infrastructure and support'security' of supplies. They also don't have an impact on dividend policy or credit ratings. The company has been refocusing on Spain and Europe in recent years. It sold assets located in the United States and Chile, and it also reduced its debt. The company has also cut its dividends and debt in order to finance the planned shift into managing hydrogen infrastructure. In October, it was reported that Enagas had 'talks' to purchase GIC’s 32% stake of Terega. Terega is Enagas' partner in the planned Spain-France hydrogen pipeline. Both companies already operate gas pipeline connections between the two countries. Arturo Gonzalo, chief executive of Enagas, said that deploying the investment plan and maintaining Enagas’ dividend policy as well as its credit rating was a top priority. Enagas will still consider M&A in accordance with its strategy. "If these 'conditions' are met, we can explore opportunities for regulated assets that fit well within this framework in Europe," he replied to a question?about whether the company was in talks to purchase a stake in Terega, France’s second largest gas transmission operator. Terega is a fantastic company, and we have no announcements in this regard. We are partners with Terega in both our daily operations as well as major projects. It could be a good fit for us. (Reporting and editing by Bernadette B. Baum; Pietro Lombardi, Reporting)
Putin's ally warns European power over seizure Russian vessels
Nikolai Patrushev - a close friend of Vladimir Putin - was quoted on Tuesday as saying that Russia could deploy its navy to prevent European powers from seizing Russian vessels. If European ships were seized, Russian shipping may be retaliated against, Patrushev said.
Western countries have tried to isolate Russia from the global economy?and cripple it financially by imposing over 30,000 sanctions because of its 'war in Ukraine.
Also, they have tried to stop oil tankers that are suspected of being involved in?Russian oil deliveries. As part of its efforts to reduce Venezuelan oil exports, the United States seized an oil tanker with a Russian flag in January.
Vladimir Putin, the Russian president, has called such acts of piracy.
Patrushev is a Kremlin aide, and the chairman of Russia's Maritime Board. He told a Russian media outlet, 'Argumenty i Facty', that if we do not give them a strong rebuff they will soon become so arrogant, and will even try to block the 'access' to our country to the seas, at least within the 'Atlantic basin.
"We are convinced that the Navy is, and will always be, the best way to ensure the safety of navigation. Patrushev stated that in 'the main maritime regions, including areas?far away from Russia,?substantial forces should be deployed permanently - forces capable to cool the ardour and fervor of Western pirates. (Reporting and editing by Guy Faulconbridge, Ros Russell)
(source: Reuters)