Iran launches international oil bourse
Tehran - Arabstoday
Iran's international oil bourse has officially been inaugurated on the Persian Gulf island of Kish for the convenience of international customers. The Iranian oil bourse opened on Wednesday during a ceremony attended by Iran's First Vice President Mohammad Reza Rahimi, Economy Minister Shamseddin Husseini, and Caretaker of the Oil Ministry Mohammad Aliabadi, IRIB reported. National Iranian Oil Company (NIOC) is expected to offer 600,000 barrels of heavy crude oil for sale on the first day launch of the bourse. Ali Akbar Hashemian, the managing director of Iran Mercantile Exchange, says the base price of the heavy crude would be $112.60 per barrel. Hashemian said the NIOC plans to offer 50,000 barrels of Iran's crude on the bourse on a regular daily basis, once all the necessary requirements are satisfied. Iran, OPEC's second-largest oil producer, has the world's second largest natural gas reserves after Russia.
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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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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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