World Bank lowers forecast for Russia’s GDP
Moscow - Arabstoday
The World Bank has downgraded its forecast for Russia’s GDP growth to 3.3% from 3.6% in 2013in its latest report “Russian Economic Report: Recovery and Beyond.” The GDP forecast was revised for five reasons. Firstly, the expected price of oil has been lowered to $102 from $105.8 a barrel this year. Secondly, the foreign economic environment is not as favorable as expected. Thirdly, economic activity in Russia has declined. Fourthly, inflation is rising more quickly than originally envisaged. And lastly, the World Bank says investment growth is weak. Russia’s gross domestic product growth for 2014 is expected to stand at 3.6%, the organization forecasts. RT
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Buenos Aires - AFP
Argentina's peso began to recover on Friday as markets opened, making a tiny 0.68 percent gain after losing 20 percent of its value against the dollar over the previous twoTo partake in Beiteddine Festivals
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Beirut - NNA
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Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
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Paris - Al Maghrib Today
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To 'eternal style' of late Alaia
Paris - Al Maghrib Today
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 hisGMT 09:22 2018 Monday ,22 January
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