IMF keeps 0% rate in loans for poorest
Washington - AFP
The International Monetary Fund will keep its loan rate for the poorest countries in the world at zero percent for another year, the Fund said Friday. The renewal of the rate, lowered to zero for the first time ever in 2009, came automatically in the absence of any opposition to the proposal to extend it in November, said an IMF spokesman. The rate is being kept low \"in view of the current severe downside risks to the global economic outlook,\" according to the original November proposal to extend it. Around 80 of the 187 IMF member countries could benefit from the low rate and currently 25 countries are getting loans at that rate, most of them in Africa.
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France's Carrefour revamps operations
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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