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  <copyright>(c) 1996-2013 AME Info FZ LLC / 4C. All rights reserved.</copyright>
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    <title>DSI awarded $460m contract in Saudi Arabia</title>
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    <pubDate>Wed, 22 May 2013 03:00:56 +0400</pubDate>
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        Dubai-based Drake & Scull International has announced its general contracting unit has won a SR1.73bn ($460m) contract from Lamar Investment and Real Estate Development Co in Saudi Arabia, Zawya Dow Jones has reported. DSC Saudi Arabia will oversee and undertake construction work on the Lamar Towers project in Jeddah, the company said. The project, halted in 2009, was restructured and refinanced in 2013 and is now expected to be completed by the end of 2015, it said.  
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    <title>Arabtec projects 'unaffected' by strike</title>
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    <pubDate>Wed, 22 May 2013 03:00:37 +0400</pubDate>
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        Dubai-based Arabtec has said the delivery of projects was unaffected by what it called a partial labour stoppage, adding it was working with authorities in the UAE to resolve the issue, Reuters has reported. "Arabtec reiterates that project delivery timelines have and will not be affected," the company said in a bourse filing yesterday. "Arabtec has been working closely with the UAE Ministry of Labour, the Dubai Police and the concerned security authorities to resolve as soon as possible a partial workers stoppage by a limited number of Arabtec labour employees," it said.
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    <title>Oman warns firms against violating midday break rule</title>
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    <pubDate>Wed, 22 May 2013 03:00:20 +0400</pubDate>
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        Oman’s manpower ministry has warned of legal action against private sector companies who are found to be flouting norms regarding the midday break for construction workers during the months of June, July and August, Muscat Daily has reported. “Work should be stopped for three hours, from 12.30pm to 3.30pm, during these three months,” said the director general of labour welfare at the ministry, Salim bin Said al Badi. The ministry will send inspection teams to work sites, and those found violating the system would be dealt with sternly, al Badi added. “Article 118 of the Labour Law states that violators would be penalised either with a fine not less than OR100 and not more than OR500, or a jail term of not more than one year or both,” he said.
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    <title>Kharafi awarded $930m in damages for Libyan project cancellation</title>
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    <pubDate>Tue, 21 May 2013 02:56:06 +0400</pubDate>
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        Kuwaiti group M A Kharafi and Sons has been awarded $930m in damages in arbitration proceedings via the Arab League from Libya for the cancellation by former leader Muammar Gaddafi's of the construction of a vacation resort, Reuters has reported. The Kuwaiti group signed a contract in 2006 with late leader Gaddafi's government to build the resort in Tripoli, which would have included hotel accommodation, villas and a shopping mall. The company said it spent money on feasibility studies, design and management contracts up until 2010, when Libya cancelled the deal. 
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    <title>Dar Al Arkan planning a series of sukuk to fund projects</title>
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    <pubDate>Tue, 21 May 2013 02:55:45 +0400</pubDate>
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        Saudi Arabia's Dar Al Arkan Real Estate Development Co has unveiled plans to sell dollar-denominated Islamic bonds to fund projects, Bloomberg has reported. The issue would be the first of a series over the next 12 months, the company said.
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