Price of Kuwaiti oil barrel drops 84 cents to $102.94
Kuwait - KUNA
The price of Kuwaiti oil barrel dropped 84 cents reaching USD 102.94 per barrel on Monday, compared to USD 103.78 per barrel last Friday, said Kuwait Petroleum Corporation (KPC) on Tuesday. Oil prices dropped in international markets after reports showed an increase that is higher than forecasted in distilled oil crude reserves. US oil crude prices dropped more than USD two, where the distilled oil crude reserves increased to five billion barrels, the highest record in over two months, with a low demand on fuel. Resuming oil exports from Libya also had an effect on drop of prices, the fourth in a row. Experts said the prices fall is also due to tax policies encouraging companies to reduce oil crude reserves by the end of year. Prices of forward Brent oil crude contracts dropped 89 cents yesterday reaching USD 106.89 per barrel, while the US oil crude dropped by USD 1.48 reaching USD 93.96 per barrel.
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With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
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Beirut - NNA
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Paris - Emiratesvoice
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Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
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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