MAF eyes $500m Egypt loan
Dubai - Arabstoday
Dubai-based developer Majid al Futtaim (MAF) has picked two Egyptian banks to arrange a loan worth around $500 million, to fund construction of its Mall of Egypt project, three sources with knowledge of the move told Reuters. The developer, the sole franchise of Carrefour in the Gulf, has chosen Banque Misr and National Bank of Egypt as lead arrangers for the deal, two of the sources said. The cash will be used to fund the group’s Mall of Egypt, a 160,000 sqm site in Cairo which will be one of North Africa’s largest shopping centres. A proposal is expected to be sent to other banks in the next two weeks, once final decisions over the transaction structure have been made.
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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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