Middle East North Africa - Financial Network

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(MENAFN - AFP) Asian markets slipped at the start of the new trading week, picking up where they left off after last week's Fed-inspired rally ran out of steam.

After a burst of enthusiasm on the back of the US central bank's decision to keep interest rates on hold for a bit longer, equities had begun giving up some of their gains on Friday, moving back from 14-month highs ...

(MENAFN - AFP) It's a cheese maker's take on David and Goliath.

Camembert, the village that gave its name to France's most famous -- and imitated -- cheese, has only one remaining traditional "fromagerie" still making the speciality.

And it's holding its own against big industry.

As they tend cows and ladle curdled raw milk into low, wooden cylindrical moulds, ...

(MENAFN - AFP) Paris fashion week starts Tuesday with dizzying changes at the top of some of the most famous brands.

Saint Laurent, Dior and Lanvin all have new artistic directors who will be putting on their first shows in their new roles.

With more than 90 runway shows and dozens more presentations behind closed doors over nine days, the spring-summer ready to wear ...

(MENAFN - AFP) French tax authorities have asked Switzerland to hand over client information for some 45,000 bank accounts as part of a probe into alleged tax fraud, Le Parisien daily said Monday.

Swiss banking giant UBS said in July that the Swiss authorities had asked it to provide client information following a French request for international administrative assistance ...

(MENAFN - AFP) It was coconuts all round as Dolce & Gabbana unveiled a tropically-tinted collection for next spring and summer with a typically joyful show in Milan on Sunday.

At a time when all the talk is of the action on the street outside becoming more important than what goes on the catwalk, the Sicilian duo took the logical step of bringing the street inside.

As ...

(MENAFN - AFP) The World Bank on Sunday urged Sudan to undertake swift structural reforms to revive its ailing economy, which a top Sudanese official insisted had been adversely impacted by US trade sanctions.

Rising inflation and the loss of nearly 75 percent of oil earnings following the north-south split in 2011 have led to a steady decline in the country's economic growth ...

(MENAFN - AFP) The less-than-supersonic sale of French Rafale fighter jets to India has highlighted the obstacles facing foreign arms firms seeking to do business with the world's biggest weapons importer.

India has signed a series of key defence deals under Prime Minister Narendra Modi as part of a $100 billion upgrade of its Soviet-era military hardware, making it an attractive ...

(MENAFN - AFP) The scandal was complex but its outcome potentially simple -- Ukraine tried to fiddle with its murky gas sector and upset its EU partners enough to freeze huge sums of financial help.

The fight for control over a profitable company that transports Russia's blue fuel to Europe also exposes the clan warfare and backstabbing that surrounds Ukrainian President ...

(MENAFN - AFP) Ozawa Shuzo brewery hums with activity as boxed bottles of sake are loaded onto trucks. But with the domestic market shrinking, more and more of it is bound for burgeoning overseas markets where the centuries old drink is all the rage.

The small establishment has recently drawn interest from potential new customers in Thailand, Vietnam and South Korea, on top ...

(MENAFN - AFP) Exploding batteries and an embarrassing recall of a flagship gadget during a controversial, closely-watched leadership transition -- it's been a bad year for Samsung, and analysts warn the trouble isn't over yet.

With ever-fiercer competition in the saturated smartphone market, South Korea's biggest firm is desperate to avoid a full-blown disaster that could ...

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