OCI, Morgan Stanley form infrastructure JV
CAIRO: Egypt s Orascom Construction Industries (OCI) has formed a 50/50 joint venture with Morgan Stanley to develop and invest in infrastructure in the Middle East and Africa, the companies…
Oil drops towards $74 on China banks; eyes inventories
LONDON: Oil fell towards $74 a barrel on Tuesday after China implemented a clampdown on lending, rekindling concern that tightening moves by the world s second-largest oil user may limit…
Mideast to lead recovery for WPP in 2010
RIYADH: The advertising business in the Middle East will bounce back this year to peak levels last seen in 2008, said Martin Sorrell, chief executive officer of WPP, the world…
US director Tim Burton to head 2010 Cannes festival jury
Visionary screen story-teller Tim Burton is to head the jury at this year s Cannes film festival from May 12 to 23, in what the US director said is a…
Renee Zellweger to join 60th Berlin film fest jury
Oscar-winning actress Renee Zellweger will join the jury for the 60th Berlin Film Festival next month that will pick the winner of the coveted Golden Bear top prize, organizers said…
Egypt down Cameroon to set up Algeria rematch
BENGUELA: Aided by a brace from skipper Ahmed Hassan, Egypt defeated 10-man Cameroon 3-1 after extra-time in an Africa Cup of Nations quarter-final match here on Monday.Egypt s prize is…
Goalkeeper Enyeama takes 10-man Nigeria into semis
LUBANGO: Nigeria goalkeeper Victor Enyeama turned Africa Cup of Nations match winner by converting the decisive kick in a 5-4 penalty shootout win over Zambia on Monday after a goalless…
Ghana beats Angola 1-0 to reach African Cup semis
LUANDA: Asamoah Gyan gave Ghana a 1-0 win over host Angola and a place in the semifinals of the African Cup of Nations on Sunday.Gyan received a pass from Kojo…
Algeria beats Ivory Coast 3-2 in extra time
CABINDA, Angola: Substitute Hameur Bouazza scored in extra time to give Algeria a 3-2 win over fellow World Cup qualifier Ivory Coast on Sunday and a spot in the semifinals…
