The Nation Towers on the capital's Corniche will feature a St Regis Hotel, the developer of the towers has announced.
The hotel is the second St Regis property planned for Abu Dhabi by Starwood Hotels and Resorts. The news comes as construction of the towers continues apace at the site near the Emirates Palace hotel. The announcement yesterday was made less than a week after Mubadala Development announced that Four Seasons would operate a hotel on Sowwah Island.
International Capital Trading, the developer of the Nation Towers, said the hotel would include 281 guest rooms in the top half of one of the two towers, which will be connected by a sky bridge that houses a restaurant.
The other St Regis hotel is to be on Saadiyat Island.
"The announcement of our second St Regis in Abu Dhabi is another sign of Starwood's commitment to developing its brands in the key destinations of the Middle East, where customised service is an integral part of the culture of hospitality," said Roeland Vos, the president of Starwood in Europe, Africa and Middle East. "We are honoured to build on our existing relationships in Abu Dhabi, and we are confident that this project will be another prestigious addition to our portfolios of luxury hotels."
business@thenational.ae
UAE currency: the story behind the money in your pockets
BORDERLANDS
Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis
Director: Eli Roth
Rating: 0/5
Credit Score explained
What is a credit score?
In the UAE your credit score is a number generated by the Al Etihad Credit Bureau (AECB), which represents your credit worthiness – in other words, your risk of defaulting on any debt repayments. In this country, the number is between 300 and 900. A low score indicates a higher risk of default, while a high score indicates you are a lower risk.
Why is it important?
Financial institutions will use it to decide whether or not you are a credit risk. Those with better scores may also receive preferential interest rates or terms on products such as loans, credit cards and mortgages.
How is it calculated?
The AECB collects information on your payment behaviour from banks as well as utilitiy and telecoms providers.
How can I improve my score?
By paying your bills on time and not missing any repayments, particularly your loan, credit card and mortgage payments. It is also wise to limit the number of credit card and loan applications you make and to reduce your outstanding balances.
How do I know if my score is low or high?
By checking it. Visit one of AECB’s Customer Happiness Centres with an original and valid Emirates ID, passport copy and valid email address. Liv. customers can also access the score directly from the banking app.
How much does it cost?
A credit report costs Dh100 while a report with the score included costs Dh150. Those only wanting the credit score pay Dh60. VAT is payable on top.
The%20specs
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SPECS
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Women & Power: A Manifesto
Mary Beard
Profile Books and London Review of Books
COMPANY%20PROFILE
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Blackpink World Tour [Born Pink] In Cinemas
Starring: Rose, Jisoo, Jennie, Lisa
Directors: Min Geun, Oh Yoon-Dong
Rating: 3/5
The specs: 2018 Mitsubishi Eclipse Cross
Price, base / as tested: Dh101,140 / Dh113,800
Engine: Turbocharged 1.5-litre four-cylinder
Power: 148hp @ 5,500rpm
Torque: 250Nm @ 2,000rpm
Transmission: Eight-speed CVT
Fuel consumption, combined: 7.0L / 100km
Company%20Profile
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