DP World chairman: 2019 will be challenging for ports operator

Ahmed bin Sulayem, CEO of DP World, during the unveiling of the DP World CargoSpeed in Dubai on April 29, 2018. Bin Sulayem said the US-China trade dispute had created uncertainty in the market. (AFP)
Updated 03 February 2019

DP World chairman: 2019 will be challenging for ports operator

  • The US-China trade dispute had created uncertainty in the market

DUBAI: The chairman of Dubai’s DP World said on Sunday the port operator was facing a challenging 2019 and the US-China trade dispute had created uncertainty in the market.
Sultan Ahmed bin Sulayem said he expected both sides to reach an agreement and that the company would be able to cope, whatever happened with US-China trade negotiations.


Report: 2 Iranian lawmakers arrested for ‘disrupting’ market

Updated 48 min 50 sec ago

Report: 2 Iranian lawmakers arrested for ‘disrupting’ market

  • The report did not reveal if they have been charged with any financial crimes
  • Iran arrested several people since 2018 on corruption charges

TEHRAN: Iran’s semi-official Fars news agency says two lawmakers have been arrested for unspecified actions described as “disrupting” the country’s car market.
The report says the two lawmakers — Fereydoun Ahmadi and Mohammad Azizi — were initially taken to the Evin prison in Tehran but they were later released for about $85,000 in bail.
The report didn’t specify if the two have been charged with any financial crimes.
Iran is trying to crack down on corruption and has arrested several persons since 2018. Two prominent local businessmen have been hanged.
Iran’s economy nosedived since the US pullout from the nuclear deal last year. Prices of cars have skyrocketed as Western manufacturers pull out of the country and foreign-produced parts are becoming harder to find. China is trying to fill the void.