industryterm:construction giant

Saudi Arabia Still Detaining Dozens From Corruption Crackdown - WSJ
▻https://www.wsj.com/articles/saudi-arabia-still-detaining-dozens-from-corruption-crackdown-1530734356

Those still in custody include some of Saudi Arabia’s richest men, and some who once held powerful government positions until their arrests last November. Among them are Mohammed al-Amoudi, a Saudi-Ethiopian billionaire; Bakr bin Laden, the chairman of the construction giant Saudi Binladin Group; Amr al-Dabbagh, former head of Saudi Arabia’s investment agency; and Adel Fakeih, a former economy minister and once a trusted aide to Prince Mohammed.

Also detained is a senior royal, Prince Turki bin Abdullah, who served as governor of Riyadh and is a son of the previous monarch, King Abdullah.

[...]

Since the Ritz was closed as a detention center and reopened as a hotel in late January, there has been nearly complete official silence on the cases of 56 suspects who didn’t agree to a settlement.

The Saudi government wants to avoid the publicity of the Ritz episode “and will do things more quietly with any new arrests,” a person familiar with the matter said.

#Arabie_saoudite

#Vinci, Company Profile

Corporate Watch profiles controversial French construction giant, Vinci.

Vinci has been involved in numerous scandals both in France and globally. In #Calais, it was responsible for demolishing the Jungle refugee camp and building the anti-migrant wall. In the west of France, Vinci is the concessionaire behind the controversial airport scheme at #Notre_Dame_des_Landes, which has led to the “#ZAD” resistance movement.

▻https://corporatewatch.org/news/2017/jun/13/vinci-company-profile

#murs #barrières_frontalières #Calais #multinationales #business #économie #NDdL #aéroport #France #réfugiés #asile #migrations #jungle #campement #démolition #destruction #frontières #privatisation
cc @albertocampiphoto @daphne @marty

#Solidere “in the red”: Real estate giant exceeds its allowed debt ceiling
▻http://english.al-akhbar.com/content/solidere-red%E2%80%9D-real-estate-giant-exceeds-its-allowed-debt-

http://english.al-akhbar.com/sites/default/files/imagecache/4cols/leading_images/haitham-moussawi%20%282%29.jpg

A massive billboard reading “Stop Solidere” in reference to the construction giant owned by the family of slain former Lebanese premier Rafik Hariri hangs at the Saint Georges Hotel and Yacht Club in #Beirut on June 15, 2011. (Photo: AFP-Joseph Eid) A massive billboard reading “Stop Solidere” in reference to the construction giant owned by the family of slain former Lebanese premier Rafik Hariri hangs at the Saint Georges Hotel and Yacht Club in Beirut on June 15, 2011. (Photo: AFP-Joseph Eid)

When Solidere’s board, which controls the majority of votes in the company’s general assembly, decided not to distribute dividends in 2013, it was aware that the company was drowning in short-term debt. To conceal this, Solidere (...)

#Economy #Articles #Lebanon