Samsung C&T plans to acquire US oil company
Seoul - Arabstoday
South Korean trading firm Samsung C&T on Monday said it was considering taking over independent US oil company Parallel Petroleum, which a media report said might be worth about $920 million. \"We are actively pursuing oil, natural gas and mineral resource business ... and reviewing various resource deals across the globe but no final decision has been made on Parallel Petroleum,\" Samsung C&T said in a statement. Earlier on Monday a report by online news outlet Money Today said Samsung was seeking to buy the US firm, which is owned by private equity group Apollo Global Management, for an estimated 1 trillion won ($919.6 million). Parallel, based in Midland, Texas, develops and invests in ‘long-lived\' oil and natural gas fields in West Texas and New Mexico, including a shale gas project near Forth Worth.
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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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