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  • Work starts on creation of new Dubai island Work starts on creation of new Dubai island

    Work began on Monday on the development of a man-made island in Dubai, 500 metres directly opposite the Jumeirah Beach Residence complex. To be known as Bluewaters Island, the new development will house five star hotels and resorts, al fresco dining and entertainment zones, and residential apartments and villas. The focal point of the island city, which will cost $1.6 billion, will be a 688 ...

  • Australian construction industry to see slow recovery

    The Australian building and construction industry will see a mixed recovery over 2015-16 after a number of challenging years, according to Master Builders Australia (MBA) forecasts released Monday. While the forecasts predict a positive growth for the industry, MBA reports that the current economic climate is creating headwinds that may impede the timing and strength of recovery. There's light ...

  • Australian businessman Matthew Joyce jailed for 10 years over Dubai property deal

    Men look at a model of the Burj Khalifa, the world's tallest tower, at the Cityscape exhibition in Dubai on October 4, 2010. (KARIM SAHIB/AFP/Getty ...

  • UK first in EU to get Mercks new Schmallenberg vaccine

    Merck & Co , had been issued a licence for the new vaccine after an accelerated assessment to make it available this summer. As a result, farmers will be able to vaccinate sheep and cattle before most of them become pregnant, which is important as exposure to the virus can cause damage to foetuses. Schmallenberg virus - named after the German town where it was first detected - infected ...

  • Social costs of property price curbs are unaffordably high

    Following Singapore's example, the Hong Kong SAR government started imposing a Special Stamp Duty (SSD) in September 2010. Initially SSD was charged as a levy of 5 percent to 15 percent on the resale price of residential property, depending on whether the resale was within the first or second year. Resales of units beyond the first two years were exempt. On Oct 26, 2012 the government ...


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Movie Review

Evil Dead II [DVD]

Evil Dead II [DVD]

Sam Raimis Evil Dead II is less a sequel than it is a remake/expansion of the ideas in his original 1982 low-budget shocker Evil Dead, a movie that was billed as horror but had enough elements of humor to almost qualify it as some kind of deranged comedy. Evil Dead II ...

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  • Kharafi awarded $930m in damages for Libyan project cancellation

    Kuwaiti group M A Kharafi and Sons has been awarded $930m in damages in arbitration proceedings via the Arab League from Libya for the cancellation by former leader Muammar Gaddafi's of the construction of a vacation resort, Reuters has reported. The Kuwaiti group signed a contract in 2006 with late leader Gaddafi's government to build the resort in Tripoli, which would have included ...

  • Dar Al Arkan planning a series of sukuk to fund projects

    Saudi Arabia's Dar Al Arkan Real Estate Development Co has unveiled plans to sell dollar-denominated Islamic bonds to fund projects, Bloomberg has reported. The issue would be the first of a series over the next 12 months, the company ...

  • Saudi Arabias MMG picks advisor for debt restructuring

    The investment banking arm of Gulf International Bank has been appointed by Saudi contractor Mohammad Al Mojil Group (MMG) to advise it on a restructuring of its debts, Reuters has reported. MMG Group has been in financial difficulty for some time, with shareholders rejecting a plan to liquidate the company in November after its accumulated losses exceeded 75% of its capital at the end of the ...

  • Unknown Mathematician Proves Elusive Property of Prime Numbers

    On April 17, a paper arrived in the inbox of Annals of Mathematics, one of the discipline's preeminent journals. Written by a mathematician virtually unknown to the experts in his field -- a 50-something lecturer at the University of New Hampshire named Yitang Zhang -- the paper claimed to have taken a huge step forward in understanding one of mathematics' oldest problems, the twin ...

  • More reverse mortgage lending options on tap for Texas retirees

    Senate Joint Resolution 18 would amend the Texas Constitution to authorize the Reverse Mortgage for Purchase program and would enhance consumer disclosure requirements for all reverse mortgage loans in Texas. The Texas House has approved legislation that would expand the scope of reverse mortgage lending in the state to the benefit of retirees, its supporters claim. Senate Joint Resolution 18 ...

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