Egypt's Misr Cement Qena profit falls, strike shuts factories
Cairo - Arabstoday
Egypt's Misr Cement Qena said on Sunday its nine-month net profit fell 16 per cent from a year earlier. Net profit fell to 263.7 million Egyptian pounds ($44.2 million) from 313.9 million pounds in the first nine months of 2010, it said in a statement released by the stock exchange. The firm also said it had shut its factories indefinitely because of a strike by employees demanding higher wages. Ahmed Imam, a company official, told Reuters the firm operated one factory with production capacity of 5,400 tonnes of cement per day. Misr Cement Qena is 27.6 per cent owned by ASEC, which is the cement division of private equity firm Citadel Capital .
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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