Al-Rajhi Bank Q1 net up 18%
Riyadh - Arabstoday
Al-Rajhi Bank, the Kingdom\'s biggest Islamic lender, on Tuesday posted an 18 percent rise in first-quarter net profit due to an increase in operational income, but it missed analysts\' forecasts. Earnings for the three months ended March 31 rose to SR2.01 billion from SR1.70 billion a year earlier, the bank said in a statement posted on the website of the Saudi bourse. The bank had net profits of SR1.9 billion in the last quarter of 2011. Operational income rose 16.7 percent to SR3.43 billion, net income from finance and investments rose 4.3 percent to SR2.33 billion and total assets at the end of the period were SR234 billion, compared to SR203 billion a year earlier.
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France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
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Beirut - NNA
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Paris - Emiratesvoice
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'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
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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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