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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Beirut - NNA
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Paris - Emiratesvoice
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Taipei - Emiratesvoice
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Paris - Emiratesvoice
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Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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