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Published Dubai, United Arab Emirates

Dubai-based port operator DP World’s half-year profits fall nearly 60%, in part over Red Sea attacks

  • DP World reported a nearly 60% drop in half-year profits, impacted by ongoing attacks from Yemen's Houthi rebels amid the Israel-Hamas conflict, as stated on Thursday.
  • Profits fell to $265 million this year from $651 million last year, according to DP World.
  • Sultan Ahmed bin Sulayem, Chairman and CEO, noted disruptions in the Red Sea affected revenues, highlighting a troubling geopolitical environment and challenges ahead.
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