Daily brief: US, UK curb electronics on some flights; oil to drag Gulf stock

March 22, 2017 10:12 am

Daily brief. (Image: Alamy)

The United States and Britain imposed restrictions on carry-on electronic devices on board flights coming from some Middle Eastern countries. Here are the top seven business stories you need to know today.

 

Gulf looks set to follow oil, international bourses lower

A big overnight drop in crude oil prices and losses on international bourses look set to drag stock markets in the Gulf lower on Wednesday.

 

UAE’s Arabtec Holding updates backlog of existing and future projects

The backlog of existing and committed future projects stands at 18 billion dirhams, according to the company.

 

US, UK curb electronics on flights from Middle East, North Africa

The United States and Britain on Tuesday imposed restrictions on carry-on electronic devices on planes coming from certain countries in the Middle East and North Africa in response to unspecified security threats.

Egypt extends capital gains tax freeze, approves stamp duty on stocks

The Egyptian government approved on Tuesday the extension of a freeze on a capital gains tax for three years from May 17, the state news agency MENA reported.

 

(Egypt extends capital gains tax freeze, approves stamp duty on stocks)

 

German refusals for arms exports to Turkey spike in past months: report

Germany has rejected an unusually high number of requests for arms exports to Turkey in recent months due to mounting

concerns about deteriorating human rights in the NATO country, the German newspaper Sueddeutsche Zeitung reported on Tuesday.

 

(Halic Leasing widens Turkey’s Islamic finance market)

 

US oil hits November low as fresh glut fears overshadow OPEC cut talk

Oil prices fell on Tuesday, with U.S. crude dropping to its lowest since November, as concerns about new supplies overshadowed the latest talk by OPEC that it was looking to extend output cuts beyond June.

 

(Beijing, Saudi Arabia agree to more oil cooperation, exports to China)

 

EBRD targets 1bn euros investments in Egypt this year after float

The European Bank for Reconstruction and Development expects to invest about one billion euros ($1.1 billion) in Egypt this year, following a revival in investor interest after it floated its pound currency in November, EBRD officials said on Tuesday.

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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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