» 06/01/2007, 00.00
Glitzy modern satellite city to be built near Phnom Penh and its poor slums
The project is a sign of the country’s real estate boom after decades of civil war. Young people lead the residential boom as they buy new houses.
Shanghai adopts new measures against real estate speculation
Households are banned from purchasing third homes. Banks will be limited in the number of mortgages they can issue; taxes will be raised as well. Experts say such steps can only have short-term effects; affordable housing is needed for low-income families.
10/03/2009 UNITED ARAB EMIRATES
Dubai: massive projects wind down, immigrants return home
The economic crisis is affecting the construction industry most of all. In 2009, 45% of the workers in the sector will lose their jobs. The Dubai Economic Council is earmarking 10 billion euros to confront the crisis. Hundreds of cars have been abandoned at the Dubai airport by foreigners fleeing from debts after losing their jobs.
18/07/2006 SAUDI ARABIA
Real estate boom pushing Saudi farmers to do away with their trees
Selling land on which palm dates are cultivated is illegal, but the land is worth more than what farmers can make from selling dates. Green spaces in the kingdom's holy cities are thus diminishing. In Madinah the authorities are trying an awareness campaign to stop the trend.
Phnom Penh: UN court sentences former Khmer Rouge leaders to life
They are Nuon Chea - "Brother Number Two" and vice to Pol Pot - and Khieu Samphan, head of state under the regime. Both guilty of crimes against humanity. Lawyers speak of "injustice" and announce appeal. Satisfaction among victims’ relatives, but hate "remains unchanged".
A new church is consecrated in Phnom Penh: the first after the destruction of the Khmer Rossi
It has been defined “defined a sign of hope”. Present, card. Raffaele Martino and more than a thousand Catholics from across the country as well as priests and missionaries.
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