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Latest in Real Estate


Islamic financing to expand

Managing Director of Taamir Mortgage Company to Daily News Egypt: The company will be ready to offer Islamic financing in the second half of the current year

DNE

Myspace rolls out redesign, targets ‘Generation Y’

WASHINGTON: Social network pioneer Myspace unveiled a redesign on Wednesday targeting the "Generation Y" younger audience as it seeks to regain ground lost to Facebook. Myspace, which Rupert Murdoch’s News Corp. bought for 580 million dollars in 2005, said its new website and products are intended to "redefine the company as a social entertainment destination …

AFP

Google giving away Google TV devices to developers

WASHINGTON: Google, in a bid to promote and improve Google TV, which seeks to merge television and the Internet, is giving away 10,000 of the devices to developers. Amanda Surya of Google TV’s developer relations team said Google gave away more than 3,000 Google TV devices at a developer’s conference being held this week by …

AFP

NM spaceport sets stage for commercial space race

UPHAM: British tycoon Richard Branson has dreamed of going to space since he was a teenager. He’ll get his wish when Virgin Galactic begins taking tourists into suborbital space from a specially designed spaceport in the New Mexico desert. Gov. Bill Richardson, a longtime space buff, remembers when astronaut Alan Shepard first reached space and …

Daily News Egypt

Companies fight to keep global warming data secret

WASHINGTON – Some of the country’s largest emitters of heat-trapping gases, including businesses that publicly support efforts to curb global warming, don’t want the public knowing exactly how much they pollute. Oil producers and refiners, along with manufacturers of steel, aluminum and even home appliances, are fighting a proposal by the Environmental Protection Agency that …

Daily News Egypt

Oman’s Raysut Cement to buy UAE firm

DUBAI: Raysut Cement, Oman’s largest cement producer by market value will buy the United Arab Emirates’ Pioneer Cement Industries, the company said in a statement on the Omani bourse on Thursday. Raysut’s chief financial officer said on Sunday the company was holding acquisition talks with several companies and was expecting to reach a deal within …

Daily News Egypt

Change global economic model to save biodiversity

MANILA: The global economy must be radically altered to put a value on forests, reefs and other elements of nature but the financial benefits of doing so will be enormous, a UN-backed report said Wednesday. The Economics of Ecosystems and Biodiversity (TEEB) report warned that allowing nature to remain unaccounted for within the economy would …

Daily News Egypt

Apple looks to iPhone, iPad for Mac inspiration

CUPERTINO: Apple’s iPhone and iPads have been such hits that the company is now looking for ways to bring some of their cachet to its laptops and desktops. Apple Inc. offered glimpses on Wednesday of an updated Mac operating system, called Mac OS X Lion. The company highlighted features that borrow from the lighter-weight iOS …

Daily News Egypt

After 500 years Bolivian silver mountain risks collapse

POTOSI: The mountain holding one of the world’s greatest silver deposits is at risk of collapse after five centuries of exploitation, Bolivian officials say, calling for moves to save the historic site. "It looks like an hour glass that is slowly sinking," said Celestino Condori, president of the civil committee of Potosi, an organization dedicated …

Daily News Egypt

Astronomers say they’ve found oldest galaxy so far

WASHINGTON: Astronomers believe they’ve found the oldest thing they’ve ever seen in the universe: It’s a galaxy far, far away from a time long, long ago. Hidden in a Hubble Space Telescope photo released earlier this year is a small smudge of light that European astronomers now calculate is a galaxy from 13.1 billion years …

Daily News Egypt

US announces massive arms sale to Saudi Arabia

WASHINGTON: In its biggest arms deal ever, the United States announced Wednesday it will sell up to 60 billion dollars worth of warplanes, helicopters and other weapons to Saudi Arabia, partly to help it counter Iran. The plan allows for the sale of 84 F-15 fighter jets, 70 Apache attack helicopters, 72 tactical Black Hawk …

Daily News Egypt

Time to find a second Earth, WWF says

PARIS: Carbon pollution and over-use of Earth’s natural resources have become so critical that, on current trends, we will need a second planet to meet our needs by 2030, the WWF said. In 2007, Earth’s 6.8 billion humans were living 50 percent beyond the planet’s threshold of sustainability, according to its report, issued ahead of …

DNE

Despite its bulk, G2 phone gets it right

SAN FRANCISCO – Two years ago, the Android invasion began when T-Mobile released the first smart phone running Google’s Android operating system, HTC’s G1. Since then, a parade of increasingly capable and sexy-looking Android phones have hit the market, making the G1’s then-cool 3.2-inch touch screen and side-sliding QWERTY keyboard look quaint. One more just …

AP

German scientists unveil self-driving car

BERLIN: Scientists in Germany unveiling the latest self-driven car on Wednesday said the days of humans behind the wheel are numbered and that their technology can slash accidents and help the environment. "In the future it will be forbidden for safety reasons for people to drive cars," predicted Raul Rojas, professor at Berlin’s Free University …

Daily News Egypt

Whale of a Trip: Humpback makes record migration

LONDON: It wasn’t love. It could have been adventure. Or maybe she just got lost. It remains a mystery why a female humpback whale swam thousands of miles from the reefs of Brazil to the African island of Madagascar, which researchers believe is the longest single trip ever undertaken by a mammal — humans excluded. …

AP

NASA closer to getting extra space shuttle flight

CAPE CANAVERAL: There’s still the matter of money. But it looks increasingly likely that NASA will get an extra space shuttle flight. President Barack Obama signed a NASA spending bill into law Monday, following last week’s approval by Congress. The measure directs NASA to move forward with an additional shuttle flight to the International Space …

AP

US to return smuggled sarcophagi to Egypt

CAIRO: Egypt’s chief archaeologist says the United States will return a number of sarcophagi smuggled out of the country 50 years ago. Zahi Hawass says US authorities seized the sarcophagi on American soil and will return them to Egypt in the next two weeks. He didn’t provide any further details about the antiquities or say …

AP

Scientists see new bugs, frogs in Papua New Guinea

SYDNEY: A thumbnail-sized frog with a long snout, a brilliant green katydid with bright pink eyes and a mouse with a white-tipped tail are among 200 species scientists have discovered in Papua New Guinea. The findings were unveiled this week by Washington D.C.-based Conservation International, whose researchers discovered a kaleidoscopic array of critters during two …

AP

Trio wins Nobel for developing key chemistry tool

NEW YORK: A method for building complex molecules has paid off by helping to fight cancer, protect crops and make electronic devices — and now it has earned its developers a Nobel Prize. Three men — two Japanese scientists and an American researcher — designed the technique to bind together carbon atoms, a key step …

Daily News Egypt

Sundance miniseries tells epic tale of a terrorist

For three nights and nearly six mesmerizing hours, you witness a legendary terrorist on an epic scale from up-close-and-personal proximity. The film is "Carlos," a documentary-like dramatization of Carlos the Jackal, who even today inspires dread and fascination for his vicious attacks in Europe and the Middle East from the 1970s until his arrest as …

AP

China to launch second lunar probe this weekend

BEIJING – China’s space ambitions are forging ahead with plans to launch the country’s second unmanned lunar probe this weekend. The Chang’e II probe will be shot into space sometime between Friday and Sunday aboard a Long March 3C rocket, state media reported. Weather conditions at the Xichang launch center in the southwestern province of …

AP

Could ‘Goldilocks’ planet be just right for life?

WASHINGTON – Astronomers say they have for the first time spotted a planet beyond our own in what is sometimes called the Goldilocks zone for life: Not too hot, not too cold. Juuuust right. Not too far from its star, not too close. So it could contain liquid water. The planet itself is neither too …

Daily News Egypt

Dubai’s Drake and Scull to buy Saudi mechanical firm

DUBAI: Dubai contractor Drake and Scull International (DSI) on Thursday said it will acquire a Saudi-based mechanical, electrical and plumbing company, adding it plans to buy another firm in the kingdom this year. "We made a commitment to our shareholders when Drake & Scull International listed on the Dubai Financial Market, and are pleased that …

Reuters

Egypt’s PM says to reallocate Madinaty land to TMG

CAIRO: Egypt’s Prime Minister said on Thursday the government would reallocate the land for Talaat Moustafa’s Madinaty project back to the firm after a court ruled the state land sale contract should be scrapped. The cabinet spokesman also said a group of ministers was drawing up details of the arrangement for final approval by the …

Daily News Egypt

Review: Newest iPods get it right, as expected

SAN FRANCISCO – By now, Apple’s introduction of new iPods each fall is about as surprising as kids going back to school. And, as usual, many of the changes CEO Steve Jobs announced this month were expected, such as the addition of cameras to the iPod Touch. But Apple Inc. took some risks this time …

AP

Twitter hack opens popups, causes havoc

NEW YORK: A new way to cause mischief quickly spread through short-messaging service Twitter on Tuesday morning before the site could fix the problem, as mysterious "tweets" of blocked-out text propagated themselves and caused popup windows to open. Shortly before 10 a.m. Eastern time, (1400 GMT), Twitter said on its "safety" feed on the site …

AP

Saudi Bachelors Pay to Get Into Women-Only Malls

You’re a young guy with a few hours to waste. The sun is boiling. The tummy is starting to rumble and there in the distance, as if the higher forces had heard your call, is a glistening shopping mall with a food court and female shoppers that would make any mouth water. But there is …

Daily News Egypt

Where’s the oil? On the Gulf floor, scientists say

NEW ORLEANS: Far beneath the surface of the Gulf of Mexico, deeper than divers can go, scientists say they are finding oil from the busted BP well on the sea’s muddy and mysterious bottom. Oil at least two inches thick was found Sunday night and Monday morning about a mile beneath the surface. Under it …

Daily News Egypt

FTSE Group adds UAE as “secondary” emerging market

DUBAI: FTSE Group added the United Arab Emirates as a "secondary" emerging market within its global equity index series, which the index provider says is the first time the country has been added in a global equity universe. UAE and other Gulf states such as Qatar are generally classified as "frontier" markets, a classification seen …

Reuters