Qatar central bank cuts interest rates
Doha - QNA
Qatar Central Bank (QCB) cut yesterday its key interest rates by 25-50 basis points in order to boost the banking market and revive the development activity for the private sector so that it can play a vital role in serving the national economy. In a press statement, QCB said that the deposit interest rate (QCBDR) will become under this reduction 0.75% from of 1%, and the lending rate (QCBLR) will become 4.5% from 5%. As a result of this amendment, the bank added that the repurchase rate (REPO) was also cut to 4.5% from 5%. This reduction is the second in 2011 since April.
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Davos - Muslimchronicle
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Brussels - Muslimchronicle
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Russians challenge doping ban
Geneva - Muslimchronicle
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Saudi-led coalition announces $1.5bn
Sanaa - Muslimchronicle
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To 'eternal style' of late Alaia
Paris - Muslimchronicle
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" opened 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 his
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