12 iulie 2018

Dubai warns of action against China on Djibouti trade zone


DUBAI: Dubai threatened yesterday to take legal action against China for building an international free trade zone in Djibouti on a terminal disputed with the strategic Horn of Africa nation. The warning came one week after Djibouti launched the first phase of Africa’s biggest free trade zone, developed by China, months after scrapping a concession agreement with Dubai’s global port operator DP World. China, which has the only foreign military base near the Red Sea terminal, is developing and [...]