North Korea’s phantom hotel is stirring back to life. Once dubbed by Esquire magazine as “the worst building in the history of mankind,” the 105-storey Ryugyong Hotel is back under construction after a 16-year lull in the capital of one of the world’s most reclusive and destitute countries.
According to foreign residents in Pyongyang, Egypt’s […]
Lebanon - Lebanon’s prime minister has formed a national unity Cabinet in which Hezbollah and its allies have veto power over government decisions.
Prime Minister Fuad Saniora had been struggling to form a government since former army chief Gen. Michel Suleiman was elected president in May.
Saniora announced the Cabinet formation Friday in Beirut.
Hezbollah’s veto power […]
By DAVID MCLAUGHLIN
Investors in a failed hedge fund run by Ritchie Capital Management LLC want to force the fund into bankruptcy and investigate possible mismanagement and fraud by Ritchie Capital.
The investors, themselves hedge funds, filed an involuntary Chapter 11 petition with the U.S. Bankruptcy Court in Chicago, accusing Ritchie Capital of keeping them in the […]
KARACHI: Brazilian Petrobras Oil and Gas BV has joined state-run Oil and Gas Development Co Ltd (OGDCL) to explore for oil and gas off Pakistan’s coast, the OGDCL said on Friday. Petrobras had acquired 50 per cent of OGDCL’s working interest in block 2265-1 offshore Indus G, a deep-water exploration licence in the Indus […]
India’s premier oil company, Oil and Natural Gas Corporation (ONGC), and Russia’s Gazprom agreed to expand mutual cooperation in the hydrocarbon and power sector.A protocol agreement signed during the second meeting of their Joint Working Group in Goa Thursday envisages cooperation in exploration and exploitation of oil and gas fields in India, Russia and third […]
HOUSTON — Shell Oil Products US announced today that it will add to the heart-racing excitement of the 2007 Chicago Auto Show by giving away $10,000 in free gas. The 99th edition of the Show will encompass over 1.25 million square feet of prime exhibitor space and feature nearly 1,000 vehicles including the debut of […]
An Australian mining company says the anti-mining lobby in the Philippines attempted to sabotage its operations in 2006.
Lafayette Mining Incorporated is about to resume production on the island of Rapu Rapu after the lifting of a 15 month ban.
The Philippines Government ordered Lafayette to shut-down its gold, silver and copper mine on Rapu Rapu island […]