Islamic bank wants polyethylene loan share
Cairo – Mohammed Salah
A senior representative from the Faisal Islamic Bank of Egypt has revealed that the bank is willing to finance 60 percent of the $1.25bn loan allocated for the establishment of an ethylene and polyethylene complex in Alexandria. Nabil Abdelhamid has told Egyptian daily al-Masry al-Youm that the bank intends to "snap up a stake of the polyethylene loan." The three banks involved in arranging the loan, National Bank of Egypt, Banque Misr and the Commercial International Bank (CIB) had agreed to allocate a portion to Islamic finance, after several Islamic banks declared that they wanted to finance the loan.
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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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