Posts From King World News

Big turnout on Record Store Day shows rebirth of vinyl

Music lovers lined up for blocks and sellers reported bumper trade on Record Store Day, a sign of the rebirth of vinyl in one bright point for the long-troubled recording industry. Some 3,000 independent stores Saturday in nearly two dozen countries put out new and reissued records specially for the day, which was conceived in 2007 to support businesses facing a twin onslaught from instant digital music and corporate chains.

Egypt arm of Dubai developer Emaar reports big profit increase

Emaar Misr, the Egyptian arm of Dubai developer Emaar Properties, on Sunday reported a big jump in first-quarter profits, supported by strong revenue growth. The subsidiary of Dubai’s largest real estate developer said profits reached 172.7 million Egyptian pounds ($22.65 million) in the first three months of the year, up from 30.7 million pounds a year earlier. Emaar Misr, a big foreign investor in Egypt’s real estate industry, filed a