No plans to raise foreign ownership limits in UAE
Dubai - Arabstoday
The UAE economy minister yesterday said there are no plans to raise foreign ownership limits for listed companies in the UAE, a stance that could jeopardise a potential upgrade to emerging market status by index compiler MSCI. \"No, not yet,\" Sultan Bin Saeed Al Mansouri said, when asked if there were plans to allow foreign investors a greater share of stocks. \"We need to see what serves the country and the economy,\" Al Mansouri said, adding that it may be studied in the future. He didn\'t specify a timeline. MSCI will announce the results of its 2011 annual market classification review on Tuesday. Many analysts have said the UAE needs to relax its current foreign ownership rules to give it a better of chance of clinching the MSCI upgrade. From / Gulf News
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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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