Russia’s Medvedev pardons four jailed spies-RIA

July 9 (Reuters) – Russian President Dmitry Medvedev has pardoned four people jailed for passing secrets to the West as part of a Cold War-style spy swap with the United States, local news agencies reported on Friday.

Medvedev signed a decree to pardon Alexander Zaporozhsky, Gennady Vasilenko, Igor Sutyagin and Sergei Skripal, who are all serving prison terms for espionage, his spokeswoman Natalya Timakova was quoted by Russia’s state RIA news agency as saying. (Reporting by Alexei Anishchuk, writing by Guy Faulconbridge)

Egypt authority appeals Medinaty land ruling

June 27 (Reuters) – An Egyptian authority in charge of selling state land to developers has appealed an administrative court’s decision to scrap a contract that alloted real estate to a unit of Talaat Moustafa Group (TMGH.CA).

Financials

The New Urban Communities Authority said in a statement that July 17 had been set for a hearing aimed at blocking the ruling.

The administrative court ruled on June 22 to cancel the contract that alloted 8,000 feddans (8,304 hectares) of land to Talaat Moustafa for its flagship Medinaty project.

The company and the housing ministry said the project would not be affected by the ruling. [ID:nLDE65L0VP] (Writing by Alexander Dziadosz)

Egypt’s SODIC to buy 50 pct of Syrian developer

June 17 (Reuters) – Egyptian developer SODIC (OCDI.CA) will buy a 50 percent stake worth $40.5 million in a Syrian real estate firm, a statement published by the bourse said on Thursday. SODIC, Egypt’s fourth largest real estate firm by market capitalisation, sells mostly high-end residential and commercial property on the outskirts of Cairo.

Financials

The statement identified the Syrian firm as real estate developer Palmyra. (Writing by Alexander Dziadosz)

Egypt’s Oriental Weavers to revise euro contracts

June 13 (Reuters) – Egyptian carpet maker Oriental Weavers (ORWE.CA) is negotiating to raise prices on some of its contracts with European importers following the euro’s tumble against other currencies this year, the company said on Sunday.

Cyclical Consumer Goods

The euro EUR= hit its lowest point since 2006 on Monday before rallying slightly last week. Euro-denominated sales account for some 15 percent of the Egyptian firm’s total sales.

“The declining euro was unexpected, the percentage was definitely unexpected,” the firm’s investor relations manager, Haitham Moneim, said.

“What we are renegotiating now is some sort of better prices,” he said, adding he expected the first changes to come into effect in the third quarter of this year.

Oriental Weavers exports over half of its goods to more than 100 countries, with about 20 percent of its sales coming from Europe. It also controls 85 percent of Egypt’s carpet industry.

Haitham said he expected that clients such as Swedish furniture retailer IKEA [IKEA.UL] would be open to adjusting prices after the euro shed over 15 percent of its value this year, and did not think higher prices would push importers to order fewer carpets.

“I think it (order volumes) will be based on demand in general, not only on the euro,” he said. “I think we have a favourable position to negotiate.” (Reporting by Alexander Dziadosz; Editing by Louise Heavens)

OT sale talks continue after MTN deal fails -paper

June 13 (Reuters) – Egypt’s Orascom Telecom (ORTE.CA) is still in talks with international telecoms firms to sell some of its African assets, after negotiations with South Africa’s MTN (MTNJ.J) failed last week, a newspaper reported on Sunday.

Telecommuncations Services

“Orascom Telecom Holding continues to hold a number of negotiations to sell its African units, with the exception of its (Algerian) unit Djezzy,” the daily al-Mal said, citing a source closely connected with the talks.

Orascom and MTN had been in talks to sell some or all of the Egyptian firm’s assets to MTN, but the deal failed after the Algerian government refused to allow Orascom to sell its Algerian unit Djezzy to MTN. (Writing by Alexander Dziadosz)

Belarus parliament okays Belaruskali privatisation

June 10 (Reuters) – The parliament of Belarus on Thursday voted to lift restrictions on privatisation of Belaruskali, one of the world’s top producers of potash.

Basic Materials

State-owned Belaruskali owns 50 percent of the Belarussian Potash Co, a joint venture with Russian miner Uralkali (URKA.MM) (URKAq.L) that controls about 30 percent of the world potash market.

In May, Belarussian President Alexander Lukashenko said Belarus may sell a minority stake in Belaruskali, but will retain a controlling stake. [ID:nLDE6432CB] (Reporting by Andrei Makhovsky, writing by Dmitry Zhdannikov; editing by Maria Kiselyova)

CORRECTED – UPDATE 1-Egypt’s Raya to build data centre near Cairo

CAIRO, June 8 (Reuters) – Egypt’s Raya Holding (RAYA.CA) said on Tuesday it is to build a second data centre in the country for GPX Global Systems Inc, which aims to provide Internet exchanges and data centres for firms in the Middle East.

Egypt is trying to build up its broadband and other infrastructure to attract more technology-related industries such as call centres to take advantage of the country’s relatively inexpensive labour costs. [ID:nLDE5BE1VP]

The GPX data centre, to be built on Cairo’s outskirts, will allow firms to switch between different Internet service providers if one carrier’s service is disrupted, as well as helping back up and recover information.

Such services are vital to brokerages and Internet-based companies, whose businesses depend on smooth and uninterrupted connections to the Web.

“If you’re trading, you want to have a network that’s resilient,” GPX’s President Nick Tanzi said. “You can’t stop trading, so we offer a place to put back-up computers and servers.”

The centre will cost between 150 million and 200 million Egyptian pounds ($27-36 million) and will be aimed at attracting Egyptian and multinational firms working in the Middle East, Tanzi said.

Raya — which sells mobile handsets, runs call centres and provides outsourced IT services — will build the facility that is set to house the centre, the firms said. (Reporting by Alexander Dziadosz; Editing by Greg Mahlich)

Gazprom says no plans to replace export chief

June 7 (Reuters) – Russia’s gas export monopoly Gazprom (GAZP.MM) said on Monday its management and board had no plans to terminate the contract of export chief Alexander Medvedev.

Energy

Business daily Kommersant quoted on Monday unnamed sources as saying Medvedev could be soon be replaced by a manager close to deputy Prime Minister Igor Sechin or oil trader Gennady Timchenko as part of Gazprom’s export strategy overhaul.

“Although some people may badly want it, there are no such decisions or such plans,” Gazprom quoted its chief executive Alexei Miller as saying.

(Reporting by Tanya Mosolova, writing by Dmitry Zhdannikov, Editing by John Bowker)

Cate Blanchett wears Alexander McQueen to Cannes

London, May 13 (ANI): Aussie actress Cate Blanchett worn a gown by late British designer Alexander McQueen to the opening of the Cannes Film Festival in France.

The black, ankle-length, off-the-shoulder gown, emblazoned on the front and back by a silver eagle in flight.

The dress was part of McQueen”s pre-fall 2010 collection, reports the Daily Express.

Blanchett is at the Cannes Film Festival for the screening of Robin Hood, which opened the festival. (ANI)

Alexander McQueen took cocktail of drugs before hanging himself

London, Apr 29 (ANI): An inquest into fashion designer Alexander McQueen’s death has heard that he took a cocktail of drugs and slashed his wrists before hanging himself.

The 40-year-old designer committed suicide on the eve of his mother’s funeral, reports The Daily Express.

The final hours of his life were laid bare at the hearing where it was revealed that the millionaire designer first took a potentially lethal combination of cocaine, sleeping pills and tranquilizers.

He then collected a ceremonial dagger, meat cleaver and kitchen knife to end his life.

But after suffering several superficial self-inflicted wounds he used his belt to hang himself at his home in London’s Mayfair.

Recording a verdict of suicide, coroner Dr Paul Knapman ruled McQueen had “killed himself while the balance of his mind was disturbed”.

His family said afterwards: “We will continue to make every effort to keep his memory alive.” (ANI)

Larry King and wife were swingers, claims his ex-wife

New York, Apr 28 (ANI): Larry King and his wife, Shawn Southwick, were swingers, that’s the claim of the talk show host’s former wife Julia Alexander King.

“Larry told me they both knew that each of them had others in their lives,” Julia, his Spouse No. 6 from 1989 to ”92, told Radar Online.

“I never asked him and he never told me who his ”other” was, but he knew Shawn was having an affair with the baseball coach. She practically flaunted it,” she added.

According to her, Larry was allegedly cheating with Shawn”s younger sister, Shannon Engemann, and Shawn was trysting with their sons” baseball coach, Hector Penate, reports The New York Post.

“Larry doesn”t have a mean bone in his body,” said Julia, who keeps in touch with her ex. “He is a wonderful man in every area of his life except marriage. He just doesn”t have a moral compass when it comes to women.” (ANI)

Orascom Devt eyes Uganda for budget housing-report

CAIRO, April 14 (Reuters) – Swiss-based developer Orascom Development Holding (ODHN.S) is in talks to build a budget housing project in Uganda and is studying similar developments in Zambia and Ghana, a newspaper reported on Wednesday.

Orascom (ODHR.CA) is known mostly for building and running high-end resort towns, but is planning several low-income projects, including ones in Romania and Iraq. [ID:nLDE63C14S]

The developer is eyeing 4-5 million square metres of land near Uganda’s capital Kampala for a project similar to Haram City, a budget housing development near Cairo, the daily al-Mal quoted Chief Executive Samih Sawiris as saying.

In a text message requesting confirmation of the news, Sawiris told Reuters: “Let’s wait and see if they deliver before we say it’s happening.

“You know that anyone from any government side who sees Haram City usually calls up to say we want to have one. The question is who has the guts to allocate a huge piece of land very close to his capital at nominal cost to get it,” he said in the message.

Orascom’s main presence is in Egypt, where it lists depositary receipts. It also owns land and runs projects across the Middle East and Europe. (Reporting by Alexander Dziadosz; Editing by David Holmes)

Doubt lingers over Penola bypass

Penola residents are still unsure if a bypass will be built on community land south of the township despite a supreme court hearing on Friday.

Justice Kevin Duggan decided to reserve his judgement after hearing from lawyers for the Penola Ratepayers and Residents Association and the Wattle Range Council.

The resident’s association says pastoral pioneer Alexander Cameron and his forebears left the land, south of Penola for the community to use.

It claims locals do not want it converted to a heavy vehicle bypass, and that Wattle Range Council is trying to push ahead with its plans regardless.

The Association resorted to court action in a bid to reverse the decision.

Residents may have to wait more than a month for the outcome.

Egypt’s Palm Hills rights issue 95 pct subscribed -paper

CAIRO, April 11 (Reuters) – Egyptian developer Palm Hills Developments (PHDC.CA) shareholders bought 95 percent of the shares on offer in a 699 million Egyptian pound ($127 million) rights issue, a newspaper said on Sunday.

Financials

Palm Hills plans to use the issue’s proceeds to speed up construction and expand into hotels and other sectors, shielding it from home sales volatility, it said.

The firm is expected to reopen the rights issue to cover the unsubscribed portion, Egyptian daily al-Mal reported, quoting unnamed sources close to the issue.

Palm Hills executives were not immediately available for comment.

Under the rights issue, which closed on April 6, each shareholder is entitled to one share at 2 pounds each for every two shares held, Palm Hills has said.

Palm Hills shares traded at 6.70 pounds, up 0.6 percent, at 0846 GMT. (Writing by Alexander Dziadosz)

Prisoners take to roof in jail stand-off

Several prisoners in Canberra’s Alexander Maconochie Centre are currently involved in a stand-off with officers after climbing on the roof of the prison.

The ABC understands the stand-off began at around lunchtime yesterday.

It is believed the prisoners are protesting about an incident in the last few days where inmates were held in their cells for a full 24-hour period.

Court to hear bypass fight

A battle by Penola residents to block a council bid to build a bypass on public land will be heard in the Supreme Court today.

The Penola Ratepayers and Residents Association says the pastoral pioneer Alexander Cameron and his forebears left the large parcel of land south of the township for the use of the community.

It says no-one in Penola wants to see it converted to a heavy vehicle bypass, but Wattle Range Council is trying to push ahead with its plans regardless.

The association has now resorted to court action in a bid to reverse the decision.

The matter will be heard before Justice Duggan in the Supreme Court today.

U.S.-Russian crew blasts off to space station

MOSCOW, April 2 (Reuters) – A U.S.-Russian crew blasted off to the International Space Station on board a Russian Soyuz space ship on Friday, starting a half-a-year odyssey in orbit. Russians Alexander Skvortsov and Mikhail Korniyenko, and U.S. astronaut Tracy Caldwell Dyson lifted off from Russia’s Baikonur cosmodrome in Kazakhstan as planned, at 8:04 a.m. Moscow time (0404 GMT), a spokesman for Mission Control said.

(Reporting by Dmitry Solovyov)

U.S.-Russian crew blasts off to space station

MOSCOW, April 2 (Reuters) – A U.S.-Russian crew blasted off to the International Space Station on board a Russian Soyuz space ship on Friday, starting a half-a-year odyssey in orbit. Russians Alexander Skvortsov and Mikhail Korniyenko, and U.S. astronaut Tracy Caldwell Dyson lifted off from Russia’s Baikonur cosmodrome in Kazakhstan as planned, at 8:04 a.m. Moscow time (0404 GMT), a spokesman for Mission Control said.

Police probe petrol station blaze

Police want to speak to two men who caused an industrial vacuum cleaner to explode at a Perth petrol station.

The men are seen on security vision using the vacuum cleaner at the Bubbles car wash on Alexander Drive in Malaga earlier this month.

The men appear to be cleaning the boot, or using the vacuum cleaner to suck something out of a jerry can, when the machine catches alight.

Detective Constable Kay McKenna says the explosion caused $20,000.

“The two males have got back into their vehicle and can be seen driving away,” she said.

“It’s a two door vehicle, there’s a scorch mark on the rear right hand side, the driver’s side of the vehicle and it’s quite distinctive.”

Angle grinder used in attempted ATM heist

Two men will face court after allegedly attempting to steal an ATM in the Perth suburb of Malaga.

Police were called to a lunch bar on Alexander Drive about 01:30 this morning.

It is alleged the men used a sledge hammer to smash through the door of the building and tried to remove an ATM with an angle grinder.

Police say the men ran off but were arrested a short time later.

The men, aged 20 and 27, are both from Wanneroo and have been charged with burglary.