US probe halts sale of Dubai World's Inchcape Shipping - Business Intelligence Middle East - bi-me.com - News, analysis, reports

A US investigation has halted the sale of Inchcape Shipping Services (ISS), the first Dubai World business put up for sale since the emirate's debt crisis began, reported Reuters, citing people familiar with the matter.

The Department of Justice (DoJ) is probing the port and shipping agent's "government services" arm, two of the people said. Reuters could not determine the precise nature of the investigation.

The unit provides services to army bases and on battlefields, services ships and aircraft, and helps with military supply chains.