Sunday, April 23, 2017

Business News


Dubai World Trade Centre crosses 3 million visitor mark

Dubai World Trade Centre (DWTC) welcomed 3 million visitors in 2016, to register a new high in terms of annual traffic. The venue recorded a 11 per cent year-on-year growth in footfall – comprising conference delegates, business travellers as well as general attendees. International participants accounted for nearly 45 per ...

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Saudi to shelve, reform unfinished projects

Saudi Arabia is planning to shelve or restructure billions of dollars’ worth of unfinished infrastructure and economic development projects. That’s according to the news agency Reuters, who says the government has ordered its ministries to compile lists of schemes which are less than 25 per cent complete. It’s thought some ...

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Al Etihad Credit Bureau launches credit scoring system in UAE

A new credit scoring system has been launched in the UAE, which could help individuals negotiate better rates on loans and credit cards. The Credit Score is a three digit number that ranges from 300 to 900 and measures how likely a consumer is likely to default within 12 months. ...

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AED 129 billion investment required for electricity needs

The UAE needs to invest approximately AED 129 billion, in order to meet rising electricity demand. The estimates were made in a new report by APICORP Energy Research. Abu Dhabi’s Barakah nuclear-power plant will see four reactors come online between now and 2020, which will help meet power targets, whilst ...

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RAK tourism maintains strong growth curve

Ras Al Khaimah has seen an 8.4% increase in overall tourist arrivals during the first quarter of this year. The northern emirate welcomed over 200,000 visitors during the period, with UAE residents accounting for nearly 47% of the figure. Meanwhile, international visitor numbers were up 11%, led by Germany, Russia, ...

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