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Daily brief: Trump’s sons in Dubai, Iran to increase oil output

February 19, 2017 11:27 am

The first Trump property project launch since Donald Trump’s election happened in Dubai on Saturday. (Image: Alamy)

Donald Trump Jr. And Eric Trump, US President Donald Trump’s eldest sends, attended the opening of a Trump-branded golf course in Dubai on Saturday. Here are the top seven business stories you need to know today.

 

Gulf  states to maintain defence spending despite oil price slump

Gulf Arab states are poised to continue to spend billions of dollars on defence despite low oil prices causing severe budget deficits forcing Gulf States to introduce austerity measures and cut spending.

 

Trump’s defence chief visits UAE in first Middle East trip

US President Donald Trump’s defence secretary arrived in the United Arab Emirates on Saturday for talks with one of Washington’s closest allies in the Middle East.

Tunisia foreign investment drops 9.4 %

The flow of foreign investment to Tunisia dropped 9.4 per cent by the end of December 2016, compared to 2015, reaching 2,145 million dinars, according to data released by the Foreign Investment Promotion Agency.

 

(Tunisia aims to cut 50,000 public sector jobs, starting this year)

 

Trump sons open Dubai golf course, praise US ally

US President Donald Trump’s eldest sons Donald Trump Jr. and Eric Trump were guests of honour at the opening of a Trump-branded golf course in Dubai on Saturday, the first Trump property project launched since their father’s inauguration.

 

(Trump’s sons guests of honour at Dubai branded golf course opening) 

 

Iran sees oil output reaching 4mn bpd by April

Iran expects its oil production to reach four million barrels per day by mid-April, and plans to drill 500 new wells over the next five years to raise output to 4.7 million bpd, a senior oil official was quoted as saying on Saturday.

Dubai Land Department classification project to complete this year

Dubai Land Department (DLD) has announced that its work on Dubai’s building classification project is now being carried out at an accelerated pace, with the organisation expecting to complete its survey of all buildings across the Emirate this year. It already achieved 50 per cent classification rate for all Dubai properties, with all buildings in the Deira district surveyed in 2016 and completion of the Emirate’s older areas now exceeding 70 per cent.

 

(2017 to be tough year for Dubai real estate sector)

 

Arabnet Beirut to begin Monday

Arabnet, the longest running digital event in the Levant area is returning again this year to Beirut, for three full days of activities, discussions, workshops and more, about the latest trends in digital, media and advertising.

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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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