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The Latest Breaking News from DP World

Major multinational port operator paid zero tax in Australia while raking in billions

Exclusive: DP World, part-owned by the Dubai government, may have ‘artificially reduced profits’, a new report claims

The Guardian - AU

Tanzania signs a controversial port management deal with Dubai-based company despite protests

Tanzania's government has signed a controversial port management deal with a Dubai-based company that had fueled protests in the African country and led to arrests of dozens of critics

The Independent UK

NAFFCO Group to invest ₹700 crore, DP World ₹215 crore for setting up facilities in Telangana

Telangana continues to be an attractive investment destination for reputable firms, with two more companies announcing their plans to invest in the State. NAFFCO Group, a U.A.E.-based producer of firefighting equipment, and DP World, a leader in global supply chain solutions, have expressed willingness to invest a combined ₹915 crore…

The Hindu

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Somaliland: Berbera city's growth is being held back by a power supply monopoly

Somaliland’s main port, at the city of Berbera, accounted for two-thirds of the country’s revenues in 2020. Over the years, these revenues have mostly gone into the central state coffers, while the development of Berbera has been neglected.

The Conversation

Rahm admits players feel sense of betrayal over deal with Saudi Arabia

Jon Rahm believes there is a feeling of ‘betrayal’ among the golfers after the the PGA and DP World tours’ deal with Saudi Arabia’s Public Investment Fund

The Guardian - UK

LIV Golf stars receive insight into Ryder Cup status and reinstatement in leaked letter

The likes of Ian Poulter, Sergio Garcia and Lee Westwood have been informed on their Ryder Cup eligibility after the DP World Tour and PGA Tour merged with LIV Golf

Daily Mirror

PGA Tour-LIV shock merger: winners and losers from golf’s unification

It was an announcement that shocked the world of golf. After a bitter civil war, the PGA Tour, DP World Tour and the Saudi Arabia-backed LIV Golf series revealed yesterday that a “landmark agreement” had been reached to “unify the game of golf” on a “global basis”.

The Week

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Sergio Garcia not 'paying attention' to LIV sanctions despite Ryder Cup future at stake

Sergio Garcia was one of Europe's big names to join LIV Golf last summer, but the Spaniard has admitted he is paying no attention to the DP World Tour's recent sanctioning of LIV players

Daily Mirror

P&O Ferries: prospect of fine over mass sackings is ‘less than remote’

Dubai-owned ferry operator predicts inquiry into its sacking of 786 workers last year will not result in ‘related economic outflow’

The Guardian - UK

P&O bosses confident it will avoid fine for sacking 800 staff without notice

A union said it would be a 'scandal'

Wales Online

Bosses at P&O Ferries confident of avoiding fine for mass sackings

Some 786 P&O workers were made redundant without consultation

Insider UK

DP World Tour wins landmark arbitration case against LIV Golf rebels

The DP World Tour was correct to impose sanctions on members who appeared on the rebel LIV circuit without permission, an arbitration panel has determined

The Guardian - UK

One year on, has P&O Ferries got away with illegally sacking all its crew?

Despite outrage at the time, no staff have been reinstated, no law reforms initiated, and no sanctions started against directors or owners

The Guardian - UK

Union condemns Government amid P&O sackings anniversary protest

RMT general secretary Mick Lynch said it is a ‘national disgrace’ that no action has been taken to punish ‘rogue company’ DP World.

The Independent UK

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The Guardian - UK

Matt Fitzpatrick concerned at state of link between PGA and DP tours

The US Open champion, Matt Fitzpatrick, said that the PGA Tour was not doing enough to help its European counterpart, the DP World Tour

The Guardian - UK

Journeyman Richard Bland makes a splash with backing for LIV rebels

Defectors eager to insist they were right all along as bickering between different factions shows no signs of abating

The Independent UK

LIV Golf players vs DP World Tour: What is the hearing and why is it happening?

The hearing will take place in London from 6 to 10 February

Asharq Al-Awsat

Drydocks World, Aker Solutions to Upgrade Production at UK Rosebank Field

Drydocks World, a DP World Company, and Aker Solutions have formed a joint venture to upgrade a Floating Production Storage and Offloading (FPSO) vessel for the Rosebank oil and gas field in the UK. The new joint venture combines the complementary strengths, resources, and experience of Drydocks World’s leading marine…

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Reuters

Davos 2023: DP World forecasts further freight rate fall as demand slows

DP World expects freight rates to drop by a further 15% to 20% in 2023, with the worst still to come as demand slows, the Dubai-based global logistics company's deputy chief executive and chief financial officer Yuvraj Narayan told Reuters.

Daily Mirror

LIV Golf sent subtle message as new tour is handed official world ranking points

The controversial Saudi-Arabia backed LIV Golf venture is still seeking ranking points to validate its position as a rival to the traditional PGA and DP World tours

Asharq Al-Awsat

Saudi Arabia’s Hassana to Invest $2.4 Bn in UAE’s DP World

Saudi Arabia’s Hassana Investment Company announced on Wednesday an investment of $2.4 billion in three of DP World’s flagship UAE assets. The investment included stakes in Jebel Ali Port, Jebel Ali Free Zone, and National Industries Park and followed an earlier transaction that successfully closed in June 2022. The three…

AAP

Dock worker bullied by colleagues to sue

A Melbourne dock worker who was bullied by colleagues, including one who defecated in his boots, will now sue for damages, his lawyers say.

Asharq Al-Awsat

Jordanian Logistics Association Signs MoU with DP World

Jordanian Logistics Association (JLA) signed a memorandum of understanding (MoU) with Dubai Ports World (DP World) to promote interests of small and medium shipping companies in Jordan. According to a JLA statement issued Saturday, the memo was signed on the sidelines of the first Global Freight Summit 2022 held in…

Newcastle Herald

Charlestown gun at home on DP World Tour

"There is no better place to kick off your career on the DP World Tour than in your own backyard."

Belfast Live

Rory McIlroy's bumper payday as he wins fourth DP World Tour title in Dubai

Jon Rahm won the battle in Dubai but McIlroy won the war and banked the tour title and season-ending cash bonus

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