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Construction Real Estate Management & Development

  • April 28- Apple Inc has asked the state of California to make changes in its proposed policies on self-driving cars, the latest sign the technology giant is pursuing driverless car technology. In a letter made public Friday, Apple made a series of suggested changes to the policy that is under development and said it looks forward to working with California and...

  • WASHINGTON— Among the likely winners in President Donald Trump's tax-cut plan would be a real estate developer turned reality TV star who now happens to occupy the White House. It's a sensitive subject for a White House that is telling Americans its proposed cuts to individual and corporate tax rates would aid the middle class and fuel stronger economic...

  • Were going to make it happen this year, he said, according to Drew Greenblatt, the president of Marlin Steel in Baltimore, who was present. Project lists submitted by the North America's Building Trades Unions and by an outside developer who helped with the transition both contain projects that infrastructure builders call shovel ready. After North America's...

  • Were going to make it happen this year, he said, according to Drew Greenblatt, the president of Marlin Steel in Baltimore, who was present. Project lists submitted by the North America's Building Trades Unions and by an outside developer who helped with the transition both contain projects that infrastructure builders call shovel ready. After North America's...

  • *Qatar underperforms; all blue chips have paid 2016 dividend. DUBAI, April 19- Construction-related shares underperformed Riyadh's stock market on Wednesday because of poor first-quarter earnings, though troubled Dubai builder Arabtec jumped after shareholders approved a capital restructuring plan. Riyadh- listed Arabian Cement slid by 5 percent after...

  • BEIJING, April 17- The municipal government in China's capital told major state-owned property developers on Monday not to talk up the market through "operational and market activities," a Chinese real estate industry portal said. State-owned developers successfully bid for nearly half of China's most expensive land in the first five months of 2016, it added.

  • NEW YORK, April 13- Billionaire real estate developer Rick Caruso learned about entrepreneurship and money at an early age. Caruso, 58, has also been an active civic leader and philanthropist in Los Angeles, where he grew up and is based. He is a former president of the Los Angeles Board of Police Commissioners and was a commissioner on the Department of Water and...

  • SHANGHAI, April 8- China's stock regulator has moved to cool speculative fever around plans to build a massive economic zone near Beijing, warning several listed companies against misleading investors with bombastic hypes around the red-hot theme. China has unveiled plans to build Xiongan New Area, a "thousand-year project" which official media described as...

  • *Britain, Toshiba seek to accelerate chase for deal. With British business minister Greg Clark in Seoul for talks, the status of KEPCO- Korea Electric Power Corp- as likely buyer was enhanced this week by troubled Japanese group Toshiba Corp having to take on full ownership of the NuGen project after France's Engie backed out. But while both Britain and Toshiba...

  • RABAT, March 31- Moroccan property developer Alliances Developpement reported a net profit of 144 million dirhams for 2016, recovering from a record loss in 2015 after a debt restructuring. Revenue surged by 277 percent last year to 3.56 billion dirhams, thanks to strong growth in public housing and high-end units, in addition to construction and housing...

  • LONDON, March 30- Toshiba's Westinghouse, which filed for bankruptcy on Wednesday, is on track to win approval for its AP1000 reactor design by the end of March, Britain's nuclear regulator said. The approval is necessary before the reactor can be used at NuGen's Moorside new nuclear project in north west England, which could generate around 7 percent of...

  • LONDON, March 30- Toshiba's Westinghouse, which filed for bankruptcy on Wednesday, is on track to win approval for its AP1000 reactor design by the end of March, Britain's nuclear regulator said. The approval is necessary before the reactor can be used at NuGen's Moorside new nuclear project in north west England, which could generate around 7 percent of...

  • LONDON, March 30- Toshiba's Westinghouse, which filed for bankruptcy on Wednesday, is on track to win approval for its AP1000 reactor design by the end of March, Britain's nuclear regulator said. The approval is necessary before the reactor can be used at NuGen's Moorside new nuclear project in north west England, which could generate around 7 percent of...

  • LONDON, March 30- Toshiba's Westinghouse, which filed for bankruptcy on Wednesday, is on track to win approval for its AP1000 reactor design by the end of March, Britain's nuclear regulator said. The approval is necessary before the reactor can be used at NuGen's Moorside new nuclear project in north west England, which could generate around 7 percent of...

  • SHANGHAI, March 27- Hong Kong stocks fell on Monday as fresh measures to curb China's heated property market weighed on shares of developers, offsetting data showing strong profit growth for industrial companies early in the year. An index tracking mainland developers tumbled over 4 percent, led by industry heavyweight Vanke, after China restricted...

  • March 23- Hong Kong's benchmark stock index struggled on Thursday as strength in Chinese real estate developers was offset by weakness in some blue chips as their earnings reports disappointed investors. The Hong Kong stock market has gained more than 10 percent so far this year, but some analysts worry that valuations are getting stretched and may not live up...

  • *Marakez investment in Egypt could double in five years- CEO. CAIRO, March 22- Saudi-owned retail property developer Marakez is investing 15 billion Egyptian pounds in Egypt and could double that within five years as the country pushes through economic reforms. Those efforts received a boost in November when Egypt floated its currency, devaluing the pound, and...

  • BEIJING, March 22- China's largest real estate developers launched a green index on Wednesday to manage their cement, steel and iron suppliers as the world's second-largest economy steps up its fight against climate change. The Real Estate Green Supply Chain Initiative was launched by some of China's largest property developers including Vanke and Landsea...

  • *Marakez investment in Egypt could double in five years- CEO. CAIRO, March 22- Saudi-owned retail property developer Marakez is investing 15 billion Egyptian pounds in Egypt and could double that within five years as the country pushes through economic reforms. Those efforts received a boost in November when Egypt floated its currency, devaluing the pound, and...

  • SHANGHAI, March 20- China stocks recouped earlier losses to end slightly higher on Monday, as strong gains in energy stocks offset weakness in developers following fresh measures to cool the property market. Investors in China are being torn between recent data showing a resilient economy and fears that expected policy tightening, while gradual, will...