BR100 Decreased By (-1.07%)
BR30 Decreased By (-1.47%)
KSE100 Decreased By (-0.89%)
KSE30 Decreased By (-1.04%)
BECO 5.57 Decreased By ▼ -0.26 (-4.46%)
BML 60.50 Increased By ▲ 2.60 (4.49%)
BOP 33.26 Decreased By ▼ -0.53 (-1.57%)
CNERGY 8.04 Decreased By ▼ -0.11 (-1.35%)
DCL 11.31 Decreased By ▼ -0.48 (-4.07%)
FCCL 53.01 Decreased By ▼ -0.48 (-0.9%)
FCSC 5.37 Decreased By ▼ -0.03 (-0.56%)
FFL 17.62 Decreased By ▼ -0.22 (-1.23%)
FNEL 1.32 Increased By ▲ 0.02 (1.54%)
HUMNL 11.15 Increased By ▲ 0.04 (0.36%)
KEL 7.87 Decreased By ▼ -0.15 (-1.87%)
KOSM 5.34 Decreased By ▼ -0.11 (-2.02%)
MLCF 85.15 Decreased By ▼ -2.25 (-2.57%)
NBP 181.75 Decreased By ▼ -2.49 (-1.35%)
PACE 11.55 Decreased By ▼ -0.07 (-0.6%)
PAEL 39.50 Decreased By ▼ -0.75 (-1.86%)
PIAHCLA 25.61 Decreased By ▼ -0.51 (-1.95%)
PIBTL 17.15 Increased By ▲ 0.01 (0.06%)
PPL 224.75 Decreased By ▼ -3.98 (-1.74%)
PRL 34.30 Decreased By ▼ -0.19 (-0.55%)
PTC 65.00 Decreased By ▼ -2.54 (-3.76%)
SEARL 89.81 Decreased By ▼ -1.12 (-1.23%)
SSGC 26.37 Decreased By ▼ -0.46 (-1.71%)
TELE 8.43 Decreased By ▼ -0.10 (-1.17%)
THCCL 69.18 Increased By ▲ 3.04 (4.6%)
TPLP 10.33 Increased By ▲ 1.00 (10.72%)
TREET 24.22 Decreased By ▼ -0.29 (-1.18%)
TRG 69.55 Decreased By ▼ -2.06 (-2.88%)
WAVES 11.03 Increased By ▲ 0.05 (0.46%)
WTL 1.27 Decreased By ▼ -0.01 (-0.78%)

An Egyptian court imposed a $22 million fine Tuesday on Qatari-owned sports broadcaster BeIN Sports and its chief executive for violating anti-trust regulations. The broadcaster and CEO Nasser Al-Khelaifi, who is also president of the Paris Saint-Germain football club, were fined 400 million Egyptian pounds by the Cairo Economic Court, the Egyptian Competition Authority said in a statement.
The decision came with ties between Egypt and Qatar deeply strained. Saudi Arabia, Bahrain, the United Arab Emirates, Yemen and Egypt broke off diplomatic relations with Qatar in June, accusing it of supporting extremists and being too close to Iran. Qatar denies the allegations.
The court said BeIN had violated competition rules through its package deal system, which forces viewers to pay for events they may not be interested in. The specific events were not mentioned in the ruling. BeIN representatives in Doha could not be reached for comment.
Egypt's anti-trust authority had in 2014 accused BeIN of violating rules by requiring viewers interested in football's World Cup to subscribe for at least a year and purchase a specific satellite receiver. An agreement was eventually reached.

Copyright Agence France-Presse, 2018

Comments

Comments are closed for this article.