Daily brief: G20 drop anti-protectionism pledge, Saudi king ends Asia tour
The world’s financial leaders rowed back on a pledge to keep an open and inclusive global trade system after being unable to find a suitable compromise with the US. Here are the top seven business stories you need to know today.
Bahrain’s GFH appoints new chairman, to focus on M&A
Bahraini Islamic investment bank GFH Financial said on Saturday it had appointed a new chairman and would focus on acquiring financial institutions, infrastructure investments and other strategic assets.
Sonatrach, Eni pledge to boost investment in Algeria’s energy sector
Algeria’s Sonatrach and Italy’s Eni are strengthening ties to bolster investment in Algeria’s energy sector, including in offshore and solar operations, officials from both companies said on Saturday.
King Salman ends Asia tour, returns to Saudi Arabia
Saudi Arabia’s King Salman, who was on an official tour in Asia, has left China to head back to his kingdom, the state news agency SPA reported on Saturday.
Support Services Centre saves AED 47mn for Dubai Government in 2016
Efficient and standardised value-added solutions and high quality services provided by the Support Services Centre (SSC) of the Government of Dubai’s Department of Finance (DoF), have saved AED 47 million in 2016. Mubarak Al Shamsi, Director of Corporate Support Division, DoF, said savings achieved over the past nine years reached AED 240 million.
G20 financial leaders row back on free trade pledge
The world’s financial leaders rowed back on a pledge to keep an open and inclusive global trade system after being unable to find a suitable compromise with an increasingly protectionist United States
Baselworld set to begin this week
International watches and jewllery fair, Baselworld, is set to begin on March 23. The annual event attracts international producers, suppliers, retailers and enthusiasts under one roof in the city of Basel, Switzerland.
UAE marks International Day of Happiness
The National Happiness and Positivity Programme celebrated the International Day of Happiness Saturday with a “Happiness Parade” at the Dubai Water Canal. The event was attended by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Her Excellency Ohood bint Khalaf Al Roumi, Minister of State for Happiness, along with other personalities.