During the meeting, the two sides reviewed projects related to the Ain Sokhna Port’s development of its economic zone and other projects, in light of the joint cooperation between the two sides.
 Company aims to further support growth while maintaining a constant dividend payout
Sokhna port has a 25% market share in Egypt
The credit rating agency affirmed DP World Sokhna’s credit rating and fiscal security as the multi-national commerce company plans massive expansion
Shippers will be required to verify the gross mass of their containers
Discussions are underway to expand operations at Ain Sokhna Port
Operations at the port were on hold completely for 16 days due to a workers’ strike
The Sokhna strike has ended after much negotiation, with workers finally returning to their jobs after a presidential proposal
Egypt’s transport minister had announced the crisis on 11 February, which resumed yet again as workers insisted on working for DP World
Operator DP World may close all operations at the port if strikes continue
A popular committee to address workers’ grievances was formed on Wednesday, including Ahmed Mahmoud, secretary of the Freedom and Justice Party and Ahmed Abdel Raheem, member of the Shura Council.
By Praveen Menon / Reuters DUBAI: DP World, the world’s third-largest port operator, will repay a $3 billion loan six months ahead of schedule, it said on Monday, the latest Dubai entity to pay off debt early this year. The firm, one of the more profitable assets of debt-laden Dubai World, said the repayments will take …
By David French and Michelle Meineke / Reuters DUBAI: DP World, the world’s third-largest port operator, has attracted strong demand from both local and foreign banks for a $1 billion loan it wants to raise to help refinance a $3 billion facility maturing in October, bankers told Reuters. While the bank group is not expected to …
LONDON: DP World, the world’s third-largest port operator, is set to benefit in the long term from its presence in regions that have been less hit by the economic downturn and from investments in its existing and new facilities, Credit Suisse said. The brokerage upgraded DP World to "outperform" from "neutral," and said it expects …
ISMAILIA: Dubai’s port operator DP World shut down its Ain Sokhna port in Egypt for the second day on Monday because of labor strikes that have disrupted shipments, an official at the Red Sea port authority said. Workers have been protesting for three days to press for hardship allowances, wage restructuring and a percentage of …
DUBAI: DP World, the world’s third-largest port operator, will invest $850 million over the next three years to create additional capacity at one of its key ports in the United Arab Emirates, the company said in a statement on Monday. The expansion of the Jebel Ali port would create an additional capacity of four million …
CAIRO: Port operator DP World reopened Egypt’s Ain Sokhna port after closing it for three days due to strike action, the Red Sea Port Authority said Monday. The port, roughly 45 kilometers south of the Suez Canal, reopened Sunday overnight and received three cargo ships the next morning, the port authority’s head Mohamed Abdel Qader …
