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Daily brief: Saudi deputy crown prince to meet Trump, oil hits 3-month low

March 13, 2017 9:51 am

Daily brief. (Image: Alamy)

Saudi Deputy Crown Prince Mohammed bin Salman left Saudi Arabia on Monday for the United States for a visit scheduled to include talks with US President Donald Trump. Here are the top seven business stories you need to know today.

 

UAE wants closer trade ties with Asia, Africa

The United Arab Emirates, one of the Middle East’s largest economies, wants to expand trade ties with faster growing nations in Asia and Africa, a senior official said on Sunday.

 

Saudi deputy crown prince to meet Donald Trump

Saudi Deputy Crown Prince Mohammed bin Salman left Saudi Arabia on Monday for the United States for a visit scheduled to include talks with US President Donald Trump, the Royal Court said in a statement carried by state news agency SPA.

 

Oil prices hit 3-month low

Oil prices dropped to their lowest in three months on Monday despite OPEC efforts to curb crude output, dragged down as U.S. drillers kept adding rigs.

 

New chairman appointed at HSBC

HSBC Holdings Plc, Europe’s biggest bank, tapped an outsider for its top job on Monday, appointing insurance veteran and AIA Group boss Mark Tucker as chairman to replace Douglas Flint, who plans to step down in 2017.

 

(HSBC to advise Saudi on privatising management of school buildings)

 

Britain has Brexit back-up plan if talks fail, minister says

Britain is drawing up contingency plans for the unlikely event it has to walk away from divorce talks with the European Union without a deal, Brexit minister David Davis said on Sunday.

 

Egypt capital set to grow in 2017

Cairo’s population is set to grow by 500,000 this year, more than any other city in the world, adding to the pressure on an Egyptian economy struggling to recover from six years of political turmoil.

 

(Egypt eyes return to pre-uprising tourist numbers – minister)

 

Millennial love for Snapchat extends to the stock

The stock of Snapchat’s parent company has been on a roller-coaster ride since its market debut last week, surging more than 70 per cent from the initial public offering price in the first two days of trading and plunging back down by a quarter since.

 

(Disney will create shows for Snapchat)

 

(With Reuters)

 

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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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