Egypt hits new record EGP1.6tn debt
Cairo - Mohamed Alloush
Egypt has hit a record EGP1.6tn in national debts, a report by the country's central bank has revealed. The report estimated internal debt at EGP1.38tn at the end of last year. According to the report, 81 percent of debt figures is owed by the government, five percent by public economic bodies and 13.4 percebt by the National Investment Bank (NIB). The country's external debt increased by $0.335bn, or one percent, hitting $34.7bn at the end of the first quarter of the 2012-2013 fiscal year.
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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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