Daily brief: Jordan tourism stable, Saudi property prices tumble

January 17, 2017 9:55 am

Stacked pile of newspapers. (Image: Alamy)

Tourism in Jordan proved resilient to minor instabilities as revenues were stable at $4 billion in 2016. Here are the top seven business stories you need to know today.


Oil up on Saudi commitment to cut; U.S. output seen rising

Oil prices settled up on Monday, as Saudi Arabia’s commitments to reducing production offset a report forecasting U.S. output would again rise this year.


Saudi real estate prices tumble 8.7% in 2016

Saudi Arabian real estate prices declined 8.7 per cent last year, according to official data released on Monday, showing heavy pressure on the economy from government austerity measures in response to low oil prices


(Saudi real estate investments in Turkey exceed SAR7 billion)


Bahrain suspends online version of opposition-linked newspaper

Bahraini authorities have suspended the online version of the opposition-linked al-Wasat newspaper until further notice, accusing it of publishing materials that threaten national unity, state news agency BNA reported on Monday.


Jordan tourism revenues stable at $4 bln last year despite militant attacks

Jordan’s tourism sector has proved resilient with revenues stable at $4 billion in 2016 year against the previous year despite several militant attacks, the tourism minister said on Monday.


(Jordan’s king reshuffles cabinet amid growing security, economic challenges)


Saudi Arabian Airlines budget unit to fly leased Airbus A320s

Saudi Arabian Airlines’ budget carrier Flyadeal will lease six Airbus A320s, an Airbus executive said on Monday, a sign that the European planemaker might again have pipped Boeing in the race to win a big Middle East deal.


Iran sticks to deadline of nuclear deal with centrifuge move -IAEA

Iran has complied with a deadline set by its landmark nuclear deal with world powers by removing hundreds of centrifuges, machines that enrich uranium, from a site buried deep inside a mountain, the U.N. atomic agency said on Monday.


(Iran says finds shale oil reserves in western province)


Dubai’s Majid Al Futtaim in talks with banks for revolving loan -sources

Dubai’s Majid Al Futtaim, a holding company which owns and operates shopping centres in the Middle East and North Africa, is in talks with banks to obtain a revolving credit facility likely to be in excess of $1.5 billion, sources familiar with the situation said on Monday.


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.