Port operator DP World suffers fall of nearly 60% in half-year profits

Container ships dock at the Dubai Port in the Jebel Ali Free Zone about 25 miles south of Dubai (Kamran Jebreili/AP/PA)

Dubai-based port operator DP World has reported a fall of nearly 60% in half-year profits, in part over the ongoing attacks by Yemen’s Houthi rebels over the Israel-Hamas war that have affected shipping through the Red Sea.

DP World reported profits of 265 million US dollars (£206 million) this year, down from 651 million dollars (£506 million) the same time last year.