Swiss bank Falcon sees $1 bln in Mideast assets
ABU DHABI: Swiss private bank Falcon, wholly-owned by Abu Dhabi fund Aabar Investments, expects to more than double its assets under management in the Middle East by tapping into the…
Dubai, Abu Dhabi housing vacancy expected to peak in 2012, says report
DUBAI: Housing markets in Dubai and Abu Dhabi are likely to see the average vacancy rise, before it peaks in 2012, while apartment sale prices and rentals continue to erode,…
Calif. court to hear Jackson dad’s estate appeal
An appeals court will hear arguments Wednesday on whether Michael Jackson's father should be allowed to challenge the administrators of his son's already lucrative estate. Joe Jackson has appealed a…
Turkish company shoots Israel raid film on stormed ship
A Turkish production company is shooting parts of a film on Israel's deadly raid on a Gaza-bound aid flotilla on one of the stormed vessels, a company official said Tuesday.…
Yoko Ono reflects on John Lennon’s 70th birthday
If John Lennon had lived to be 70, Yoko Ono thinks he would have been more relaxed about the milestone than he was about his 40th birthday. Ono recalls the…
‘Enhanced e-books’ take world’s biggest book fair by storm
Is it a book? Is it a film? Is it a game? Or all three? Publishers and authors at the world's biggest book fair are battling to entice a new…
Egypt pound hovers below six-week high vs dollar
The Egyptian pound is unchanged against the dollar after falling off Thursday's six-week high. Until late last week the pound had been tracking the euro higher against the dollar, which…
Transport minister denies Railway Authority bond issue
The Minister of Transport has denied recent media reports that the Railway Authority is considering issuing LE 10 billion bonds to finance a number of investment projects, Al-Shorouk newspaper reported,…
Egypt-Iran flights to resume after 30 year break
Egypt and Iran have agreed to resume direct flights between their capitals for the first time since 1979, Egypt's ministry of civil aviation said on Monday, but an official played…
Egypt gets $270 mln from World Bank for solar plant
Egypt has secured $270 million from the World Bank to fund a solar power plant, the state news agency MENA said on Tuesday. Egypt, which has about 25,000 megawatts of…