House Construction Rebounds from 7 months Low

House construction rebounded from a 6-month low in November, in the new house-building in all sectors to improve the country, according to a report released by the government Wednesday.
Construction of new homes rose to 57.40 million years the rate of the month, 8.9%, higher than the revised October rate of 527,000. Rate was 12.4%, down [...]

Leaked Documents Reveal that Dubai World Had Already Been Bailed Out

The property subsidiary of Dubai World, the stricken Gulf investment group, could have lost up to $6 billion in the first half of this year had it not been given government bailouts, it has emerged.
The continued bad news from Dubai World sent investor confidence in the Gulf state crashing, while in Britain fears about the [...]