Morning round-up: Work begins on Saadiyat

on the

Saadiyat Park Hyatt

, Rebecca Bundhun reports in The National. The Dh1bn hotel will join some eight other hotels in the Beach District, including

St. Regis

,

Shangri-La

and

Rotana

. The resort will have 316 rooms, suites, villas and four restaurants.

Photo caption: June 24, 2009. A construction worker and signs on Saadiyat Island in Abu Dhabi.
Ryan Carter / The National 

In other news,

,

and lending institutions are

Slow day ...