Actis acquires Vlisco Group for $151 mln
Emerging markets private equity firm Actis has acquired 100 percent of Vlisco Group, which produces designer wax fashion fabrics, for $151 million, according to a press statement. Vlisco Group is…
Elmohamady fit to face Arsenal
CAIRO: Ahmed Elmohamady is ready to feature in Sunderland's next Premier League clash against Arsenal after shaking off a minor knock. The Egypt international was taken off after just 32…
GB Auto to pay LE 3.09 dividend
GB Auto, Egypt's biggest listed automobile assembler, will pay a LE 3.09 ($0.54) dividend on Oct. 3, it announced in a newspaper advertisement on Wednesday. The dividend will be paid…
Transocean rig leaving Gulf of Mexico for Egypt
Another Transocean Ltd rig is leaving the deepwater Gulf of Mexico, still under contract with Statoil — the fourth rig departure resulting from a moratorium on US deepwater drilling. The…
Lawsuit against ‘Al-Gama’a’ TV series turned down
CAIRO: The Cairo Economic Court for Urgent Cases on Tuesday turned down a lawsuit filed by the son of Hassan El-Banna, founder of the Muslim Brotherhood (MB), against the scriptwriter…
Egypt pound trades at weakest in 3-1/2 years
The Egyptian pound reached 5.7062 to the dollar, its weakest since January 2007, likely pushed down by demand for dollars among importers after the Muslim fasting month of Ramadan, traditionally…
Al-Azhar scholar supports French niqab ban
CAIRO: A leading cleric at Egypt's prestigious Al-Azhar Mosque on Wednesday applauded France's ban on the face veil worn by some devout Muslim women, saying the niqab harmed Islam's image.…
Ahly to rest five against Ismaili
CAIRO: Ahly manager Hossam Al-Badri is set to rest five booked players in next week's Champions League visit to Ismaili after securing a place in the semi-finals, the club said.…
Spain leads FIFA rankings, France drops to 27th
ZURICH: World Cup champion Spain stayed at the top of FIFA's world rankings on Wednesday, and Germany and England have risen after back-to-back wins in European Championship qualifiers. Egypt remains…
UN Council chief criticizes countries on human rights violations
By Sarah Daoud CAIRO: In a recent meeting, United Nations Human Rights Council Chief Navi Pallay criticized Egypt, among other big power nations for various human rights violations. These countries included…
