Egyptian economy in need of $14.5bn in 20 months
Cairo - MENA
Finance Minister Momtaz el-Said said 14.5 billion dollars are necessary to thrust the Egyptian economy over the coming 20 months. "The budget deficit continues to widen while the country's financial resources only cover 60\\% of expending which is rapidly increasing," Said explained. In this critical time, Egypt has to resolve to slashing expenditure and cutting subsidy especially in the fuel sector. Upping taxes is also considered with caution not to afflict low-income families, the minister said. On the IMF loan, Momtaz said the goal is not to get the loan but it is more related to get the international accreditation to encourage investors.
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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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