Latest News

UK Development Investment Agency to Resume Joint Investments with DP World

British International Investment, the UK's development investment agency, welcomed DP World’s new chief executive on?Friday and said it would resume investments with the Dubai-based port operator.

A spokesperson for BII stated, "We are pleased with today's DP 'World decision and look forward to advancing our 'partnership' to develop key African trading 'ports in order to unlock the 'continent's global 'trading potential."

BII stopped new investments with DP World earlier this week due to alleged ties between Jeffrey Epstein and former Chief Executive Sultan bin Sulayem.

La Caisse, Canada's second largest pension fund which halted new investments with DP World due to the allegations, said on Friday that it would "move swiftly" to continue their partnership with Yuvraj narayan, DP World's newest CEO, in port projects around the world. (Reporting and editing by William James; Sam Tabahriti)

(source: Reuters)