Daily brief: Jordan tourism stable, Saudi property prices tumble
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
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.
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.
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.