Egypt : Budget deficit leaps to 69.6 billions in 4 months
Cairo - MENA
The budget deficit has swelled to 69.6 billion pounds - 3.9% of the Egyptian GDP, compared to 47.2 billion pounds last year, a report by the Finance Ministry on Egypt's financial status in July-October 2012 said Saturday. National income has also increased by 13.5% amounting to 72.8 billions against 64.1 billions in 2011. Between July and October the government's expenditure was 27.8% of the budget, 141.7 billions opposed to 2011's 110.9 billions. The report concluded with social welfare and entitlement spending which rose to 32.4% or 29.3 billions versus 22.1 billions yesteryear between July and October.
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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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