Wednesday 25 November 2015
Egypt port

DP World shuts down Egypt port after strikes

Dubai's port operator DP World shut down its Ain al-Sokhna port in Egypt on Thursday because of labour strikes that have cost it about 30 million Egyptian pounds ($5.02 million)in lost revenue, an official at the Red Sea port authority said.


Kuwaiti firm to spend $1bn on Egyptian port

Kuwaiti logistics firm KGL plans to spend $1 billion on Egypt's Domiat Port once work resumes in the halted project, KGL's chairman said in published remarks. 'The company till now spend $260 million on Domiat's project and

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