(MENAFN) Al Jazeera, the Qatar-based satellite network giant, asked Egypt for USD150 million as compensation for what the former said it was damage to its business inflicted by Cairo's military rulers, Arabian Business reported.
This step comes as some call it an Egyptian "sustained campaign" against Al Jazeera and its journalists after the army toppled Islamist President Mursi in July 2013, which is most likely to worsen the relationships between the two countries.
"Al Jazeera invested substantial sums in Egypt," said a lawyer at London law firm Carter-Ruck, which is handling the case. "The effect of this recent campaign by the military government is that this investment has been expropriated. Egypt is bound by international law to pay Al Jazeera just and effective compensation."