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UAE banks cheer S&P upgrades

UAE banks cheer S&P upgrades

Banks yesterday welcomed a move by Standard & Poor’s to upgrade the creditworthiness of Mashreqbank, based in Dubai, and factor an increasing level of government support into ratings of other lenders in the UAE.

Dubai hotel wins HACCP first for region

Dubai hotel wins HACCP first for region

Weeks of training and audits have resulted in ‘Menu-Safe’ HACCP certification for Dubai’s Arabian Park Hotel, the first three-star hotel in the Middle East to do so.