China\'s sinopec buys overseas assets from Parent
Hong Kong - SPA
China\'s Sinopec says it\'s acquiring oil and gas assets in Russia, Kazakhstan and Colombia from its parent company to raise profitability and global competitiveness.The state-owned company said its setting up a $3 billion joint venture with its parent, China Petrochemical Corp., to acquire the assets. Each company will provide half the investment amount for the joint venture but Sinopec will have control.Chief Financial Officer Wang Xinhua said Monday the \"acquisition will bring substantial potential to the company.\" The deal is forecast to raise its proven crude oil reserves by 9 percent, according to a report of the Associated Press.
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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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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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