Daily brief: Arrogate wins Dubai World Cup, Egypt resumes Brazil meat imports

March 26, 2017 9:50 am

Daily brief. (Image: Alamy)

Four-year old Arrogate, owned by Prince Khalid bin Abdullah Al Saud of Saudi Arabia, won the $10 million (AED36.7m) Dubai World Cup at Meydan Racecourse on Saturday. Here are the top seven business stories you need to know today.

 

Gulf to consolidate, Saudi reform step supports MSCI hopes

Stock markets in the Gulf look set to consolidate on Sunday with few fresh incentives, although Saudi Arabia may be supported by progress on reforms that could help it join MSCI’s emerging market index.

Market is decisive factor in possible cut extension, Iraq oil minister says

Iraqi Oil Minister Jabar Ali al-Luaibi said on Saturday the market is a decisive factor in deciding whether to extend an agreement by the Organization of the Petroleum Exporting Countries on cutting crude output.

 

(Oil nears $50, dents sentiment in Gulf)

 

Third plane bought under sanctions deal arrives in Iran

An Airbus A330 airliner arrived in Tehran on Saturday, the third of 200 Western-built passenger aircraft ordered by IranAir following the lifting of sanctions on Iran last year.

 

(Post-sanctions deals: Third Airbus plane arrives in Iran)

 

Egyptian court suspends jail sentence against journalists

An Egyptian appeals court suspended a jail sentence on Saturday against the former head of the journalists’ union for harbouring colleagues wanted by authorities and for spreading false news, judicial sources and a lawyer said.

 

Egypt says resumes Brazilian meat imports

Egypt has resumed imports of Brazilian meat, the agriculture ministry said on Saturday, two days after it said it was suspending them until the meat was confirmed safe for consumption.

 

Arrogate wins 22nd Dubai World Cup

Four-year-old Arrogate, owned by Prince Khalid bin Abdullah Al Saud of Saudi Arabia, won the  $10 million (AED36.7m) Dubai World Cup at Meydan Racecourse on Saturday. Arrogate finished the 2000m race, the world’s richest race meeting, after tough competition from American runner-up Gun Runner.

 

Kuwaiti Fund, Lebanon sign loan deal worth $36.9m

The Kuwait Fund for Arab Economic Development (KFAED) has offered Lebanon a loan worth US$ 36.9 million to provide the country with a steady supply of water used for consumption and irrigation.

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By AMEinfo Staff
AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.



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