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DED hosts forum on ‘doing business’ in Abu Dhabi

Abu Dhabi / WAM In co-operation with the World Bank, the Department of Economic Development (DED), in Abu Dhabi on Tuesday organised the Doing Business Forum 2018 in the emirate. Over 100 participants took part in the event, which aims to exchange expertise and best experiences in relation to the development and update of all the procedures, processes and laws ...

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Dubai’s hotel room supply set to grow 132,000 by 2019

Dubai / Emirates Business Dubai’s diverse and vibrant hospitality sector is forecast to experience strong, sustained growth over the coming years, with occupied room nights set to reach 35.5 million annually in 2019, representing a robust 10.2% compound annual growth rate (CAGR) over the next 24 months. According to a comprehensive study of the market by Dubai’s Department of Tourism ...

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US stocks erase declines as Treasuries retreat, dollar gains

Bloomberg Treasuries fell, with investors driving the benchmark yield higher as the government auctioned a deluge of bonds. US stocks pared losses in late-morning trading, looking to add to a six-day rally. The Treasury started a week of auctions totalling $258 billion on Tuesday with $151 billion of short-term bills and $28 billion of two-year notes. The two-year rate jumped ...

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