Tag "3"

Egypt signs $4.6 bln construction deal with Arabia Group: statement

CAIRO (Reuters) – Egypt’s housing ministry signed a construction deal worth about 35 billion Egyptian pounds ($4.6 billion) with Egyptian real estate developer Arabia Group, a statement from the Cabinet said on Tuesday. Initial agreement for the project in the eastern Cairo suburb of 6th of October City was made at a March investment summit in Egypt where billions of dollars of deals and pledges were signed. ($1 = 7.6250

What a $1 Million Home Looks Like

Filed under: Buying, Lifestyle, Selling ZillowThis six-bedroom home in the Buckhead area of Atlanta listed for $995,000 and has 5,300 square feet of living space. By Sharona Ott Television shows like “Million Dollar Listing” display some of the hottest listings in Los Angeles and New York, but what will a cool million buy around the rest of the country? Plenty of noteworthy million-dollar homes for sale can be found outside

Australia widens probe into illegal home buying by foreigners

Australian Treasurer Joe Hockey on Tuesday widened a probe into the illegal buying of residential property by foreigners, with almost 200 sales being investigated for breaching investment rules. Prices of residential real estate in some of Australia’s biggest cities, such as Sydney and Melbourne, have soared in recent years, with concerns growing that cashed-up foreigners, particularly from China, have helped inflate the market. “The Australian Taxation Office is using all

SEC weighs constitutional challenge to its in-house courts

In an unusual hearing before a standing room-only audience, trial lawyers for the U.S. Securities and Exchange Commission sought to convince the regulator’s commissioners of the legality of SEC administrative proceedings. The case involved Timbervest LLC, which was seeking to overturn an August decision by SEC Administrative Law Judge Cameron Elliot finding the Georgia-based investment firm and top executives liable for fraud for having failed to disclose conflicts of interest

Gold miner Newmont to buy Colorado mine from AngloGold

[Reuters] – Newmont Mining Corp has agreed to buy the Cripple Creek & Victor gold mine in Colorado from AngloGold Ashanti Ltd for $820 million, giving the world’s No. 2 gold producer an expanding asset in a mining-friendly jurisdiction. The acquisition is an opportunity for Colorado-based Newmont to improve its mine life and costs at a time when the mining industry has been in a slump for nearly four years.