Egypt sells fewer 3- and 5-year bonds than on offer
Cairo - Arabstoday
Egypt's central bank said it sold fewer reopened three-year and five-year bonds than were on offer at an auction on Monday. The bank said it sold 2 billion Egyptian pounds of reopened three-year bonds that mature on 18 October, 2014, and carry a 14 per cent coupon. The yield ranged from 15.65 to 15.94 per cent. It also sold 1.5 billion pounds of reopened five-year bonds that mature on 25 October, 2016, and bear a coupon of 14.25 per cent. The yield ranged from 15.25 to 16.05 per cent. The central bank, which sells the bonds on behalf of the Finance Ministry, had offered 2.5 billion pounds of each maturity. Settlement will take place on 21 December.
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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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