Middle East Business Review – 15 Apr

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A look at today’s important financial news and business updates from the Middle East region:

Dubai business registrations increase 17% in March ’12

More than 1,500 licences for businesses were issued during the month of March, a 17% increase compared to same month last year, the Dubai Department of Economic Development (DED) announced on Sunday. Click here to read more…

Dubai eyes Latin America market for tourism

Dubai’s tourism authority announced on Sunday it is planning to open an office in Latin America to cash in visitor influx from fast-growing economies such as Brazil and Argentina. Click here to read more…

UAE to provide Iraq electricity through power generating ships

Iraqi electricity ministry announced on Sunday it has signed a contract to buy 250 megawatts of electricity per day from UAE’s Oilfield Services in order to reduce power outages during sweltering summer. Click here to read more…

Azerbaijan Tower to challenge Burj Khalifa’s glory

Azerbaijan has announced it seeks to build the tallest building in the world that will dwarf world’s current record holder – Dubai’s Burj Khalifa. The Caucasian state is riding high on oil revenues which has resulted in high-profile construction frenzy and rise in property prices in capital Baku. Click here to read in detail…

World’s tallest building to be completed within 63 months – Prince Alwaleed

Kingdom Holding’s Prince Alwaleed Bin Talal announced on Sunday that Jeddah’s Kingdom Tower would become the world’s tallest building when completed in 2017. He insisted that it will take no more than “63 months” to complete the 1,000m high skyscraper project in the Red Sea port city. Click here to read more….

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