Word: constructionism
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There was just one problem. Though prices rose by as much as 400% during the boom years, few people wanted the finished properties they had purchased - usually off plan, and often well before the first spadeful of earth had been turned. The market was driven by speculators, interested only in...
Nigel Knight, a 45-year-old carpenter from Britain, started a lobbying group of disgruntled Dubai investors after he found that the developer of a villa he'd bought near the future site of Dubailand wasn't depositing his money in an escrow account reserved for construction funds. He suspects...
Not surprisingly, the poverty atlas has reawakened the long-raging political debate over a national minimum wage. Germany doesn't have a general legal minimum wage and only six sectors of the economy have a statutory rate - in the construction industry, for example, the minimum pay rate is between $12.50...
Born in Alexandria, Egypt in 1959 to Talaat Moustafa, a construction and real-estate magnate. By 2007, Moustafa, who had become chairman of his father's business, had an estimated net worth of $800 million.
Las Vegas Sands is considering a range of ways to raise additional funding, including selling minority stakes in its existing Macau properties or listing its Macau operation on the Hong Kong stock exchange. The company "continues to pursue and consider a variety of options," says a Las Vegas Sands spokesman...