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Sunday, 20 August 2017

Ikhwan asset committee freezes accounts of publishing companies, brings them under new management

Ikhwan asset committee freezes accounts of publishing companies, puts them under new management: The government committee seizing assets of accused Ikhwan members have frozen the accounts of a number of media and publishing companies owned by suspected Ikhwan members and family members of exiled cleric Youssef Al Qaradawi on Thursday, said state-owned Ahram Gate. The companies include Business News, which publishes Al Borsa and Daily News Egypt, which were brought in after the assets of Chairman Moustafa Sakr were frozen. The committee also froze the accounts of Alef Bookstore after sanctioning its parent company and owner Omar El Shineity. Akhbar Al Youm’s investment arm was appointed by the committee to manage the companies and their assets. The committee made sure to point out that the companies are all still operational.

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