All Govt & Regulatory Articles

Record Russian investment
Russian Prime Minister Vladimir Putin has approved a seven-year, US$ 570 billion programme to overhaul and expand the country's transportation infrastructure. It is will be the largest infrastructure building scheme Russia has seen since the collapse of the USSR.
EIC takes stand on corruption
European International Contractors (EIC), a trade association that represents European contractors working outside their national boundaries, has published a draft position paper on corruption prevention.
Development banks target corruption
The International Monetary Fund (IMF) has joined forces with the World Bank and other international development banks to fight corruption. Under the agreement the IMF, World Bank, African Development Bank, Asian Development Bank (ADB), European Investment Bank (EIB) and European Bank for Reconstruction and Development (EBRD) will develop a framework to tackle fraud
Dubai reveals plans to build eco-friendly real estate
Dubai has unveiled an AED 200 billion (US$ 54.4 billion) environmentally friendly real estate project stretching over 82 km2, according to local news agency Wam.
Beijing construction ban
City officials in Beijing have announced a two-month ban on construction projects, starting on 20 July, in a bid to improve the city’s air quality ahead of the Olympics. The Games get under way on 8 August.
600 arrested after Sharjah riots
More than 600 Asian labourers were arrested in Sharjah yesterday after a violent protest in the Al Nahda district, reports the WAM newsagency.
Venezuela to nationalise cement
Venezuelan president Hugo Chavez has announced the forcible nationalisation of the country’s cement industry with immediate effect. He said in a televised speech that the country could no longer allow cement to be exported when it was needed to help curb Venezuela’s housing shortage.
Argentina launches new infrastructure plan
The Argentine government has launched a new national infrastructure plan, the Plan Estratégico Territorial (PET) 2008-2016 (Territorial Strategic Plan).
Anti-competitive industry: Authorities have imposed more big fines on construction cartels
The last few years have seen both national competition authorities and the European Commission prosecute major cartels in the construction industry.
Bahrain Bay plans attacked
A local environmental protection group has criticised plans that could permanently destroy a coral reef during construction of the US$ 2.5 billion Bahrain Bay development.
Bribe admission
A former executive with US pipeline contractor Willbros Group has pleaded guilty to charges of corruption. Jason Steph admitted to a court in Texas, US that he was involved in paying bribes of more than US$ 6 million to help win work in Nigeria.
Bid-riggers sentenced
Japan's Nagoya District Court has sentenced five ex–employees of five major construction companies to suspended prison terms for antitrust violations in a series of rigged bids for the Nagoya subway extension projects.
Dam concerns
Iraq's largest dam is at risk of an imminent collapse that could send a 20 m high wave of water into Mosul, a city of 1.7 million people, according to the latest assessment by the US Army Corps of Engineers.
Rail for resources
The Congo has signed a deal with a Korean–led consortium to construct 1500 km of new railways and renovate an existing 500 km line in the Central African state.
Cartel fined US$ 265 million
The European Commission has announced fines totalling € 184 million (US$ 265 million) to a group of five bitumen suppliers accused of operating a cartel in the Spanish bitumen market between 1991 and 2002.
Deportation threat
Dubai's government has reportedly threatened to deport foreign construction workers that were involved in a strike and violent demonstrations against harsh pay and conditions in October.
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