Initial stages of new Egypt museum completed
CAIRO: Egypt's massive new museum for its famous antiquities now has a power plant, a fire station and its own conservation center, and over the next two years it will…
Egypt's first solar plant to open by year's end, says minister
CAIRO: Egypt will open its first solar energy plant by the end of this year, electricity and energy minister Hassan Yunis said in a report published on Monday on the…
Slovenia beats 10-man Algeria 1-0 in World Cup
POLOKWANE, South Africa: Robert Koren scored a late goal Sunday to give Slovenia a 1-0 win over 10-man Algeria and first place in Group C of the World Cup. The…
Germany beats 10-man Australia 4-0 at World Cup
DURBAN, South Africa: Germany scored two goals in each half and Tim Cahill was sent off as the three-time champion beat Australia 4-0 Sunday in Group D of the World…
Gyan penalty gives Ghana 1-0 win over Serbia
PRETORIA, South Africa: Asamoah Gyan scored an 85th-minute penalty Sunday to help Ghana to a 1-0 victory over Serbia and the first win by an African team at this World…
Preview of Brazil, North Korea and more teams face off in the World Cup
JOHANNESBURG: The extraordinary crush of media and fans' expectations has exerted even more pressure on Brazil to get off to a flying start against North Korea in their World Cup…
Qatar to be largest overseas property investor in 2010, says report
DOHA: Qatar is expected to be the largest source of global real estate capital during 2010, real estate consultancy Jones Lang LaSalle said in a report published on Sunday. The…
Jordan's Taameer secures $32 mln syndicated loan
AMMAN: Jordan's Taameer Holdings, the country's biggest property firm, has secured a syndicated loan worth $32 million to complete delayed multi-million dollar real estate projects, the firm said on Sunday.…
Gulf Arab lenders face tough times to 2012
DUBAI: Corporate issuers in the Gulf Arab region will continue to face tough credit conditions until 2012, particularly lenders with large debt maturities that year, ratings agency Moody's said in…
Oil up toward $75 on recovery optimism, weaker dollar
LONDON: Oil prices rallied by 2 percent to $75 a barrel on Monday as renewed optimism about the global recovery boosted the outlook for fuel demand and sent Asian and…