riskandforecast

Construction

Dubai  04/01/10

Dubai’s UP open to receiving government help as construction workers strike

Dubai’s Union Properties new Chairman announces that the company does not need government assistance. However, over 1,000 construction workers have held a rare demonstration due to unpaid salaries....
Dubai  16/11/09

Nakheel moves cast doubt on company’s flagship project

Dubai-government owned developer Nakheel has indirectly acknowledged that it does not plan to continue building its flagship man-made island project the Jebel Ali Palm....
 
Bulgaria  09/11/09

Draft 2010 Budget Approved by the Bulgarian Government

The Bulgarian government approved the 2010 draft budget which contains tough needed austerity measures. It now faces two readings in Parliament, but its passage is likely....
Dubai  02/11/09

Emaar announces profits in Q3 but no news about merger

Results from leading Dubai developer shows some positive results in the short-term. However, there are no clear long-term plans putting the survivability of Emaar and similar developers into question....
 
Kuwait  16/10/09

Migrant Workers Demonstrate in Kuwait

Over 700 expatriate workers held a sit-in outside the Ministries' Complex in downtown Kuwait in protest against their 'inhumane' living conditions and delayed salary payment for three months....
Bulgaria  12/10/09

Passing the budget is the first serious task of the Bulgarian government

The government of Citizen for European Development of Bulgaria is facing the first serious task since it came in power in July – passing the Budget 2010....
 
Montenegro  07/10/09

Stable Montenegrin Government, worrisome economic trends

The government seems stable now, and the opposition is busy with themselves for now. However, the economic problems are growing continuously, and they could pose serious problems in the near future....
Poland  05/10/09

Economic Optimism High in Poland

Poland's economy continues to grow, in contrast to other CEE countries....
 
Romania  05/10/09

Romanian Economy Might Have Hit the Bottom, but the Government is in Crisis

There were some signs that the Romanian economy has finally reached the bottom of the recession, but the majority of the news was still very negative. The coalition break-up also fuels fears....
Bulgaria  23/09/09

Bulgarian government: dealing with the forerunners instead of reforms

First forty days of the new rightist Bulgarian Government were concentrated mostly on revealing the mistakes, corruption practices and misuses of the previous government....
 
Dubai  15/09/09

Migrant workers in Dubai protest against underpayments

Protests by construction workers in Dubai employed by major contractor Al Habtoor Leighton is an unusual show of protest about underlying the troubles facing major Dubai construction companies....

UAE government moves to protect foreign investors

The UAE indicated that it plans to move ahead with a foreign investor protection law, in an effort to attract foreign investors to the country....
 
Macedonia (FYROM)  24/08/09

Foreign Investment in Macedonia Shrinks

Foreign investment in Macedonia fell 50% Jan-May 2009 y-o-y. This trend adds weight and pressure to the criticisms against PM Gruevski’s government that it cannot handle the crisis well....
Czech Republic  29/07/09

Czech GDP to Possibly Fall in 2010 too

According to a revised estimate of the Ministry of Finance the Czech economy is likely to contract by 4.3% this year, which would be the steepest decline in GDP in the history of the Czech Republic....
 
Romania  29/07/09

Corruption Charges Amid Economic Woes

Romania’s economic outlook has not improved, and the budget deficit is becoming a concern for more economic players, and corruption charges against ministers do not help either....
Saudi Arabia  15/07/09

Saudi government awards border fence contract

The erection of a 9000 km border fence around Saudi Arabia will dramatically reduce the threat of Al Qaeda terrorists crossing between Saudi Arabia and Yemen....
 
Kosovo  19/06/09

Unsolved Name Issue Plague Macedonian Government

Unsolved name issue might cause turbulence within the government,ethnic Albanian Democratic Union for Integration (DUI) might leave the government before the end of the year....
Risk Warning  12/02/09

Drop of population will lead to further financial troubles in Dubai

The population of the emirate of Dubai is expected to drop by between 14 % and 28 % by the end of 2009....
 
 

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