Price of Kuwaiti oil down to $62.69 per barrel
Kuwaiti crude oil
Kuwait - KUNA
The price of Kuwaiti oil was at USD 62.69 per barrel Monday, down by USD 1.43 from Friday's USD 64.12 pb, said the Kuwait Petroleum Corporation here Tuesday.
On the global markets, the price of oil hit its lowest level in five years. The decrease was blamed on the increasing competition between shale oil-producing American companies and major members of OPEC on market shares.
Numbers concerning China's energy consumption, Morgan Stanley's prediction for the decline of crude oil prices in 2015 from USD 98 to 70 pb, and OPEC's insistence on keeping the oil production at 30 million barrels per day all played part in the global oil price quagmire.
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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
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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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