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Housing Starts in US Drop

Housing starts in the United States are expected to fall to record low levels in 2009, according to recent news. At the International Builders Show being held in Las Vegas, the National Association of Home Builders (NAHB) predicted that single family housing starts will drop to about 441,000 for 2009. That is the lowest number

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Indonesian Tourism Has a Good 2008

Despite the economic slowdown in many parts of the world, tourism to Indonesia was very good in 2008, according to recent announcements. Indonesia’s Tourism and Culture Minister Jero Wacik said that there were increases in both foreign tourists and foreign exchange revenue for 2008.   “The number of foreign tourists until the end of 2008

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Cairo Festival City

A new luxury retail, residential and business center is being developed in New Cairo City and is named Cairo Festival City. This new development is set to have six districts and will be set on 730 acres of land. It is envisioned as the retail and leisure center for New Cairo City.   The US$9

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France Plans Additional Stimulus

French President Nicolas Sarkozy is set to present a new stimulus plan for the country. In response to the worldwide economic situation and predictions of a recession for the eurozone in 2009, the government of France is proposing a 20 billion euro package. This new plan will target the country’s car industry, housing and household

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Taiwan Simplifies Visas for Qualified Foreigners

In its efforts to attract highly qualified foreign nationals to Taiwan, the Executive Yuan has simplified the visa process. Beginning on January 1 of 2009, three visas are now being issued to qualified foreigners who want to visit or reside in Taiwan: an academic and commercial travel card, an employment pass, and a permanent residency

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