Zain confirms dividend
Kuwait City - Arabstoday
Kuwait telecoms group Zain agreed to issue a dividend of 65 fils per share and said it would back a subscription by its Saudi affiliate. Zain Chairman Assad Al-Banwan confirmed the 2011 dividend at its annual general meeting. Meanwhile, the Kuwaiti telco’s deputy chairman said it would guarantee any new issues made by Zain Saudi. “We will guarantee the shares,” Abdulaziz Al-Nafisi said at the shareholder meeting. Zain Saudi has said it wants to cut its capital by 66 percent to alleviate mounting losses and then issue 6 billion riyals of new shares. The new equity would be used to reduce bank debt and enhance the operator’s network, it said last year.
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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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