Dubai Mashreq bank Q1 net profit up 2%
Dubai - Arabstoday
Mashreq bank, Dubai's second largest lender by market value, posted a 2 per cent rise in first-quarter earnings, as a fall in provisions outweighed lower total income. Net profit increased to Dh271 million ($73.8m) in the period, up from Dh265.3m a year earlier, a bank statement said. Total income fell 14.3 per cent to Dh937m, and total assets eased 3.3 per cent to Dh76.6 billion. Provisions for loans and advances fell 46 per cent from a year earlier to 176m. In 2011, Mashreq's annual profit rose to Dh820m, from Dh803m in 2010, as impairments fell 32 per cent to Dh1.2bn.
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Buenos Aires - AFP
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Beirut - NNA
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Microsoft to open 4 data centres
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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