Saudi Arabia offers Egypt USD 500 Million-Worth Loan
Cairo - QNA
Egyptian Minister of Planning and International Cooperation Fayza Abol-Naga and Saudi Minister of Finance Ibrahim Abdulaziz al-Assaf signed here a framework agreement under which the Saudi Fund for Development (SFD) will channel USD 500 million to Egyptian development projects. The deal, part of a package of Saudi soft loans to Egypt, was signed during the annual meeting of the Arab financial institutions held here on Tuesday, Abol-Naga told the Middle East News Agency (MENA) on Thursday. “The Saudi funding is key to the urgent development plan of Egypt in the post-revolution era,” she pointed out. The minister added that the new soft loan will be directed to the development of projects in such areas as electricity generating stations, education, health, transport, drinking water, sewage, and grain silos.
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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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