ABU DHABI / WAM Mohammed Rashid Al Marzouqi, Executive Director of Relations at Etihad Rail, stated that the total value of contracts for the second phase of its national railway network project amounted to AED18 billion. In his exclusive statement to the Emirates News Agency (WAM) Al Marzouqi said the project is progressing well, and Etihad Rail has begun construction ...

Bloomberg The government of Nigeria, whose revenue could be slashed by more than half this year due to the oil-price slump, finalised plans for a revised budget that keeps spending almost intact, and that will mean more borrowing. Finance Minister Zainab Ahmed got approval from the West African’s nation’s cabinet to go ahead with the new budget that cuts expenditure ...

Dubai / WAM The Auto Renewal service of Dubai Economy accounted for 68 percent of the trade licences renewed (49,997) during the first four months of this year. Among them 73 percent were commercial, and 24 percent were professional. The Business Registration & Licencing (BRL) sector in Dubai Economy also witnessed a 62 percent increase in auto renewal transactions during ...