“The year 2024 has been marked by a deteriorating geopolitical environment and disruptions to global supply chains due to the Red Sea crisis,” he said in a statement included in the results.
Dubai-based port operator DP World's half-year profits drop nearly 60%, in part over Red Sea attacks
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Bin Sulayem said he expects to see global trade rebounding in 2021, encouraged by the promise of lifted lockdowns, COVID-19 vaccination campaigns as well as more equitable trade policies from the new U.S. administration.
Port operator DP World sees 2020 profits drop 29% amid virus
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