Investment minister: securing electricity key to attractive business climate
Investment Minister Dalia Khorshed
Cairo - MENA
Investment Minister Dalia Khorshed has said that securing electricity will contribute to creating a business-friendly climate.
Khorshed was speaking after the inking of a loan agreement worth 650 million dollars to upgrade two power plants in Assiut and Damietta.
The deal was sealed on Wednesday between the Egyptian Electricity Holding Company and BNP Paribas Bank.
The project is part of the second phase of a plan to turn the two stations into the combined cycle system to boost power generation to 1,500 and 2,250 megawatts, Khorshed said.
The plan started over a year ago with the aim to meet Egypt's needs of electricity and create an investment-friendly climate, the minister noted.
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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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