Egypt inflation rate up 1% in June
Cairo - MENA
The monthly inflation rate upped by 1 percent in June compared to the previous month, said the Central Agency for Public Mobilization and Statistics (CAPMAS). The annual inflation rate also hit 10.9 percent in June compared to the corresponding period of 2012, CAPMAS Chairman Abu-Bakr el-Gendi told MENA. Prices of food and beverages took an upturn in June by 2.3 percent compared to the month before and by 13.8 percent compared to the corresponding period of last year, Gendi said. Inflation in rural areas rose by 1.1 percent in June in comparison with the previous month. In urban areas, the inflation rate inched up by 0.9 percent, he added.
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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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Microsoft to open 4 data centres
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
Sanofi buys US haemophilia treatment
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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