Saudi restricts lingerie business loans to women

Saudi authorities have said that loans to fund the start up of lingerie and cosmetics businesses will be restricted to women from next month, it was reported.

A committee consisting of representatives from the Ministry of Municipal and Rural Affairs, Saudi Credit and Saving Bank and the National Entrepreneurship Institute in Riyadh said they will decline new applications for loans submitted by men, reported Saudi Gazette.

According to the newspaper, approved interest-free loans are up to SAR300,000 (US$80,000).

“Support for the business projects in lingerie shops owned by men who have already been approved prior to this new ruling will continue,” said a source from the committee. “New applications submitted by men for loans to open lingerie or cosmetics shops will be rejected as soon as we receive them, and the proposal will not even be considered.”

Reem Asaad, who successfully campaigned for female employees in Saudi Arabia’s lingerie shops, told Arabian Business she saw the move as a positive step.

“[It] is supporting and motivating more women to get involved in trade and retail as a whole,” she said.

The change in policy could create more opportunities for female entrepreneurs, investors and managers, Asaad added.

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Mary Holland Releases A Gift Guide To Buying The Perfect Lingerie And …

July 17, 2012 – Many women want to feel beautiful and sexy whenever they put on lingerie and swimwear, which is why if you want to buy these pieces as gifts, you would certainly want a gift guide. http://www.maryholland.com.au understands this and has come up with their own gift guide for people who want to purchase excellent lingerie and swimwear for that special woman in their lives, or even just for their own use. The recently released gift guide features choice selections from well-known brands like Ginja, Pleasure State, and Sally Jones to name a few. It is also classified into 4 different categories to help buyers determine the right kind of lingerie or swimwear based on the personality of the woman they are gifting it to.

The Temptress selection of the www.maryholland.com.au gift guide features sexy and alluring lingerie for women who aren’t afraid to show off a little skin and who are quite comfortable with their femininity. From chemises to corsets to bras and stay-ups, you will find the perfect gift for the seductress in your life – all designed by some of the best lingerie designers in the country.

The Beach Babe gift guide meanwhile is quite perfect if you’re looking to find a gift for the woman who loves the sun and the sea and is not afraid of showing off her curves. The http://www.maryholland.com.au/c/4090446/1/swimwear.html swimwear line features swimsuits from popular brands like Baku and Ginja – all made to provide the perfect cover whilst allowing women to feel confident and free. The Seafolly collection is especially nice, and you may want to take a look at what this brand has to offer when you shop from Mary Holland.

For the fashionista women in your life, Mary Holland has also released a gift guide that you will find extremely useful when shopping for gifts that are trendy and sexy. The collection features lingerie from Elle Macpherson and Pleasure State to name a couple, with some pieces priced below $100 for those who are on a budget. After all, lingerie need not be too expensive for it to suit a woman’s taste.

A special collection of Mary Holland lingerie is featured in their Blessed gift guide, as these are pieces especially designed for women who have fuller and sexier busts. There are lingerie pieces from Freya, Levante, and Pleasure State with sizes starting from DD to G cup, so you never have to worry about getting the perfect fit for the woman in your life.

Visit the Mary Holland online store at www.maryholland.com.au and check their newly released gift guide if you want to by the perfect gifts. You can also contact them through email at info@maryholland.com or give them a call at 02 9247 3494 from Mondays thru Fridays, 8:30am to 5:00pm. You can also choose to get directions to one of their retail outlets on the website.

Contact Info:
Name : Belinda Roelofs
Phone : +61 2 9247 3494
Address : 1003/168 Kent St
Zip : 2000
City/Town : Sydney
State/Province : New South Wales
Country : Australia

Publish Date: 07/17/2012

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