DP World ready for immediate return to Venezuelan ports
Dubai’s global port operator DP World is ready to start operations in Venezuela “within 24 hours” if the situation changes following the capture of President Nicolas Maduro by the U.S., its chairman says.
“Tomorrow if there’s a cargo opportunity in Venezuela, we will go … We can start within 24 hours if we need to. We know the place very well, the teams, everybody,” Sultan bin Sulayem, DP World Chairman and Group CEO, told The National.
The container shipping and logistics giant previously ran terminal operations at Venezuela’s Puerto Cabello until 2009, when the military took over the country’s ports and airports under former President Hugo Chavez.
Since then U.S. sanctions have made it difficult to return.
PayPal sets up regional HQ in Dubai to serve Mideast, Africa
PayPal is planning to run its digital commerce operations for 80 countries in the Middle East and Africa out of a new regional headquarters in Dubai.
Speaking at the Dubai AI Festival on Wednesday, PayPal’s President of Global Markets Suzan Kareere said the UAE hub would help customers with new features, including frictionless payments, more robust security and better network access to help companies sell across international borders.
“We want to empower businesses in this region to connect with our global consumers, while enabling consumers here to shop with confidence internationally,” she said.
Sheikh Maktoum bin Mohammed, the UAE’s Minister of Finance and Deputy Ruler of Dubai, discussed PayPal’s plans with Kareere, posting a photo of their meeting on Instagram.
