KNOC in $2.6 bln hostile bid for Dana Petroleum
State-run Korea National Oil Corp made a hostile £1.67 billion ($2.6 billion) bid for British group Dana Petroleum, highlighting South Korea's stronger resolve to secure energy assets overseas. Korea gave…
Egypt’s Citadel Capital reports Q2 net loss
Citadel Capital reported on Saturday a consolidated net loss in the second quarter of LE 95.0 million, compared with a net profit of LE 11.9 million a year earlier. The…
Egypt cuts rice crop area by nearly half: agency
Egypt cut by almost half the amount of land it used to sow rice in 2010 versus the previous year, saving the country 5-6 billion cubic meters of water, the…
After Islamic food and banking: halal travel
SINGAPORE: In his days as a jet-setting telecom executive, ready-to-eat meals were a regular part of Fazal Bahardeen's luggage. Many of the hotels he stayed in did not have halal-certified…
MAF to invite bids for Egypt mall in November
CAIRO: Majid Al Futtaim Group (MAF) will invite bids starting November 2010 for its Mall of Egypt project worth LE 4.4 billion. The project, which will sprawl over 160,000 square…
Egyptian tycoon defends his firm TMG in court case
CAIRO: An Egyptian politician and businessman on Saturday publicly defended Talaat Moustafa Group (TMG), the firm he formerly chaired, in a court case that puts its flagship property development at…
Al-Fayed says he torched Harrods royal warrants
LONDON: Mohamed Al-Fayed, the former owner of Harrods, said Sunday he had the plush London emporium's royal warrants taken down and burned. The Egyptian tycoon, in a letter to The…
Betty White scores Emmy win for SNL’ hosting gig
The Betty White phenomenon keeps getting bigger. White won an Emmy Award for best guest actress in a comedy series for her turn as "Saturday Night Live" host. The honor…
You Only Live Once: Guca festival lures trumpet aficionados
Hundreds of thousands of people have flocked to the small central Serbian town of Guca to join its famous trumpet festival, a delirious street party fueled by non-stop live brass…
A different kind of charity art
For the established social sets of New York, London and wherever else the wealthy gather, the art auction is a beloved institution. In a wonderful melange of affluence, culture and…
