Orascom gets $100m loan from World Bank
Cairo - Arabstoday
Egypt’s Orascom Construction Industries (OCI) has secured a $100 million loan from the World Bank’s investment arm to help it expand across the region and rebuild confidence in the country’s private sector. Egypt is struggling to draw back investors who fled last year when an uprising unseated the country’s president, sparking political instability that is still continuing. “This investment fits with our strategy of boosting confidence in Egypt’s private sector, a major contributor to employment,” IFC Middle East and North Africa director Mouayed Makhlouf said in the statement.
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Bucharest - SANA
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Moscow - TASS
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London - DPA
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Spain - DPA
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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