Egypt fines Dubai Ports World $227,000

A court in Egypt has fined Dubai Ports World 4 billion Egyptian pounds ($227,000) after the mega-business lost a case against an Egyptian company, Shorouknews.com reported on Friday.

DP World, which runs the Egyptian port of El Sokhna along about 80 others across the world, filed a suit against the company, accusing it of pushing for a strike by workers in the port between 1 February and 13 February, 2013.

The defendant said that DP World “persecutes Egyptian companies” and claimed that filing a complaint against one such company – demanding $7 billion in compensation for losses during the 2013 strike – was the latest example of such persecution.

Another court turned down DP World’s 2013 claims that the directors of the Egyptian company had incited the strike. Such allegations had not been proved, it was decided.

DP World won the confidence of Egyptian President Abdel Fattah Al-Sisi to carry out projects along the Suez Canal. It operates “multiple related businesses” in ports and inland waterways around the world.

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