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Daily brief: G20 drop anti-protectionism pledge, Saudi king ends Asia tour

March 19, 2017 11:52 am

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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

 

(Global execs positive, but Middle East CEOs cautious about 2017: Here’s why)

 

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.

 

(Baselworld: The countdown begins)

 

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.

 

(UAE to celebrate International Happiness Day)

 

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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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by Naseem Javed
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