IMF agrees on terms for using $430b
Washington - Arabstoday
The International Monetary Fund has agreed that it would only draw on the $430 billion in extra resources committed by member countries to fight the global economic crisis once it has tapped existing funds. Some 12 countries plus the euro area pledged over $430 billion in April to almost double the lending capacity of the IMF to secure global financial stability and recovery. The Executive Board said the monies would be made available to the IMF in the form of bilateral loans or note purchase agreements. The loans can be counted as part of the lenders’ international reserves and will be repaid with interest.
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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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