Daily brief: Egypt expects $4bn in Eurobond sale, Iran back at the Oscars

January 25, 2017 10:04 am

Stack of newspapers and a smartphone. (Image: Alamy)

Egypt is set to sell $4 billion of Eurobonds in three tranches at lower yields than initially expected. Here are the top seven business stories you need to know today.

Saudi oil output, exports to drop in January, data shows

Saudi Arabia’s oil output is likely to drop to around 9.9 million barrels per day in January and exports are down from December, according to industry sources and shipping data, as the OPEC heavyweight plays its part in a global supply-cut deal.


(2016 OPEC deal: How we got here)


Iran returns to Oscar race with ‘The Salesman’

Iran returned to the Oscar race on Tuesday with domestic drama “The Salesman” in a foreign language film category that included a Danish war drama, a quirky German comedy, Australian entry about a remote Pacific tribe, and the tale of a grumpy Swede.


Real Madrid logo won’t feature Christian cross in Middle East clothing deal

The club crest of Spanish soccer team Real Madrid will not feature the traditional Christian cross on clothing sold in some Middle East countries under a regional deal, after Marka, a retailing group which has been granted exclusive rights to manufacture, distribute and sell Real Madrid products across the region, said it would use the version without the Christian cross due cultural sensitivities.


(Emirates and Real Madrid take their partnership to new heights)


Dubai airport capacity limits to slow passenger growth as emirate’s new hub emerges

Dubai International Airport, the hub for Emirates airline, expects passenger growth to slow over the next eight years due to capacity limitations, the operator’s chief executive said on Tuesday.


Egypt expects to raise $4 billion in Eurobond sale

Egypt will sell $4 billion of Eurobonds in three tranches, raising twice as much as targeted when it began a roadshow last week, and at lower yields than initially expected, bankers involved in the deal said on Tuesday.


(Egypt on track to receive IMF loan’s second tranche)


Saudi Aramco asks banks to pitch for world’s largest share sale

Oil and gas company Saudi Aramco has invited banks to pitch for an advisory position on what is expected to be the world’s biggest initial public offering, sources familiar with the matter told Reuters on Tuesday.


Mining firms see little appeal in Egypt’s gold exploration terms

The gold beneath Egypt’s desert could make it a top global producer, but the investment terms on offer are driving away small explorers whose skills the country needs to unlock its mineral wealth.


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.