Bank Muscat posts 20% rise in Q1 profit
Muscat - Arabstoday
Bank Muscat, Oman’s largest lender by market value, rode increased lending growth and a drop in impairments to post a 20-per cent rise in first-quarter net profit, beating analysts’ forecasts. First-quarter net profit rose to 33.4 million rials ($86.75 million), compared with 27.8 million for the year-ago period, Bank Muscat said in a bourse statement on Monday. Four analysts polled by Reuters were on average expecting the bank to post a net profit of 31.6 million rials for the quarter. Impairments against credit losses dropped to 12.5 million rials from 13.1 million rials, the lender said.
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With Job Cuts, China Deal
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Paris - Emiratesvoice
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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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to 'eternal style' of late Alaia
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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