Daily brief: Belarus buys Iran oil, Japan provides aid for displaced Iraqis

February 16, 2017 9:51 am

Belarus ditches Russia, buys Iran oil. (Image: Alamy)

Belarus’s Bel Oil has bought 80,000 tonnes of Iranian Light and Heavy crude oil from National Iranian Oil Company (NIOC) for loading in February, according to sources. Here are the top seven business stories you need to know today.

 

CBS Corp’s profit beats despite drop in advertising revenue

CBS Corp, owner of the most widely-viewed U.S. television network, reported a fourth-quarter profit that beat analysts’ estimates, helped by higher political advertising and a rise in retransmission revenue.

 

No Bangladesh birds in Saudi Arabia

Saudi Ministry of Environment, Water and Agriculture, announced on Wednesday a temporary ban on the import of live birds and hatching eggs from Bangladesh.

 

Belarus buys Iran crude oil to replace Russian barrels

Belarus’s Bel Oil has bought 80,000 tonnes of Iranian Light and Heavy crude oil from National Iranian Oil Company (NIOC) for loading in February, four sources told Reuters.

 

(Peugeot sees Trump’s Iran stance boosting market lead)

 

Talks by UAE fund seeking $6.5 bn from 1MDB deadlocked, sources say

Private talks in which Abu Dhabi state fund International Petroleum Investment Co (IPIC) is seeking $6.5 billion from Malaysia’s troubled 1MDB fund have reached deadlock, sources familiar with the negotiations told Reuters.

 

(Abu Dhabi merges Mubadala, IPIC to create $125 billion fund)

 

Japan provides $17m in aid for displaced people in Iraq

UNHCR, the UN Refugee Agency, has welcomed the announcement of nearly $17 million in extra funding for its work by the Government of Japan. The funding will allow UNHCR to expand the provision of emergency items, shelter and cash assistance to Iraqi families displaced from Mosul conflict and to Syrian refugees.

 

Kuwait’s oil production stands at 2.75m bpd: KOC

Kuwait’s total oil production has reached around 2.75 million barrels per day (bpd), CEO of Kuwait Oil Company (KOC) Jamal Jaafar said on Wednesday.

 

(Kuwait’s Equate set to issue $750 million seven-year sukuk – sources)

 

Abu Dhabi pearls and gems trade reaches AED13.3 billion

The total trade in Abu Dhabi of pearls, precious stones and precious metals reached AED13.3 billion during the first 11 months of 2016, according to the most recent statistics on non-oil-related commodities from its land, sea and airports.

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AMEinfo Staff
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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