Athens stock market falls 4.5% on debt concerns
Greece's Athex Composite index
Athens - Arab Today
The Athens stock market dropped 4.55 percent at midday Friday amid new debt worries the day after Greece said it would bundle four IMF loan repayments due in June, buying more time until the end of the month.
After suffering a three percent loss at Friday's 0730 GMT opening, Greece's Athex Composite index continued to decline to 789.47 points, a 4.55 percent drop, with stocks of Greek banks reporting losses of over eight percent.
Before its decision to bundle the IMF loan repayments to a single June 30 reimbursement, cash-strapped Greece had been due to deliver to the IMF an initial 300 million euro ($338 million) repayment on Friday.
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Moscow - TASS
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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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