The payment was made using funds from asset sales, dividend payments and the delisting of port operator DP World
As a key international trading partner, how is the region protecting its supply chain during the current crisis?
DP World aims to connect all of its 82 marine and inland container terminals, as well as feeder companies and logistics divisions with TradeLens
It has also created Digital Freight Alliance, an online association that brings freight forwarders globally onto one platform
Sellers can register on manasah.com for free
The biggest listed companies in the Gulf region by market capitalisation
The biggest listed companies in the Gulf region
The Dubai-based port operator made a profit of $247 million in the first half of the year.
The two parties will use international arbitration if they are unable to reach an agreement, says official.
The port operator said that it handled 28.2 million TEU (twenty-foot equivalent container units) in the first half of the year.