Construction News

Jerusalem - Israel granted final approval Wednesday for plans to build another 186 new homes in annexed Arab east Jerusalem, a city councillor told AFP, drawing an angry reaction from the Palestinians.

Frankfurt - German construction group Hochtief said on Thursday it will increase the price it is offering to raise its stake in Australia's biggest building company Leighton.The increased bid represented a total purchase price of 1.205 billion Australian dollars o...

Addis Ababa - Above Addis Ababa's concrete skyline, cranes tower high amid blasts from nearby drills and diggers.

Frankfurt - German construction group Hochtief said Monday it plans to tighten its grip on Australia's biggest building company by raising its stake to 74 percent.

Kerch - A ferry is the only way to cross the small strip of sea that separates Ukraine's Kerch peninsula in the far east of restive Crimea from Russia.

Washington - Home building pushed US construction spending higher in January despite bad winter weather, government data released Monday showed.January construction spending rose 0.1 percent, the Commerce Department said.

Panama City - A row over $1.6 billion in cost overruns on construction to widen the Panama Canal has been resolved, the parties said Friday, ensuring completion of the massive project.The Panama Canal Authority and the consortium "Grupo Unidos por el Canal" (GUPC) a...

Paris - Construction and telecom group Bouygues reported on Wednesday a big loss for 2013 after a writedown for shares in Alstom, but its mobile-phone division switched back into profit.The net loss was 757 million euros ($1.04 billion), but investors focused ...

Taipei - Taiwan's ambitions to become a regional air hub finally look set to take off with approval for a mega "aerotropolis" to cash in on improving ties with China and the rise of budget airlines in the region.The ambitious plan to transform the main Taoyuan ...

Singapore - Singapore said Friday that measures it had implemented to cool down the property market have succeeded but it was "too early" to relax them.The remarks by Finance Minister Tharman Shanmugaratnam in parliament came amid concerns by analysts about proper...