Dubai World reopens Egypt port after labor strikes

Reuters reported that Dubai port operator DP World has reopened its Ain al Sokhna port in Egypt after a temporary shutdown caused by labor strikes.

General Mohamed Abdelkader Gaballah the head of the Red Sea Ports Authority said that "The port reopened midnight Sunday and one ship arrived at the container terminal Monday morning and two more ships are expected today."

Mr Gaballah said that said that workers began a strike on Tuesday, costing DP World about EGP 30 million to press for hardship allowances, wage restructuring and the dismissal of managers accused of mistreating employees. Work resumed after negotiations between the company and the workers.

He said that a committee was formed to review any further problems that might arise in the near future. DP World agreed to the demands of workers and said it would pay hardship allowances within 15 days. Sokhna, near the southern end of the Suez Canal, is Cairo's main port for cargo from the Far East.