Parliament approves $500m loan agreement with IBRD
International Bank for Reconstruction and Development
Cairo - MENA
The parliament on Monday approved a USD 500 mn loan agreement with the International Bank for Reconstruction and Development to finance the Upper Egypt local development program.
The loan is planned to finance the development of infrastructure in the Upper Egyptian governorates of Qena and Sohag, Parliament's Deputy Speaker Al Sayed el Sherif said.
The two governorates were picked for being evaluated as the poorest governorates in Egypt, el Sherif said.
The World Bank has approved in December expanding Egypt's portfolio with its subsidiary the International Bank for Reconstruction and Development (IBRD) to $6 billion from $5 billion over the five years from 2015 to 2019.
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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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