Daily brief: Kuwait celebrates National Day, Dubai Holding chairman quits

February 26, 2017 9:46 am

Kuwait celebrated its National Day on Saturday. (Image: Alamy)

The Chairman of Dubai Holding, Mohammed Abdullah al-Gergawi, has resigned from his posts to focus on his role in the national government. Here are the top seven business stories you need to know today.


Kuwait celebrates national day

GCC leaders greeted the Emir of Kuwait, His Highness Sheikh Sabah Al Ahmel Al Jaber Al Sabah, congratulating him on the occasion of his country’s National Day anniversary, marked on Saturday.


Dubai Holding chairman resigns

The chairman of Dubai Holding, the investment vehicle of the emirate’s ruler and a major force in developing the Dubai economy, Mohammed Abdullah al-Gergawi, has resigned to focus on his role in the national government, the conglomerate said on Saturday.


Iran plans to issue $4.5 bln in bonds for energy projects

Iran is looking to offer up to $4.5 billion in rial and foreign currency-denominated bonds by March 2018, the oil ministry’s news website SHANA reported on Saturday. This comes as the country seeks to attract foreign investors after the end of sanctions on it.


Central Bank governor paints positive picture of Egypt’s currency float

Egypt will receive in March the second $1 billion tranche of a $3 billion World Bank loan aimed at supporting a government economic reform programme, Central Bank governor Tarek Amer said late on Friday.


(Egypt’s Finance Ministry plans tax on share trading by May, source says)


Iran plans to buy Kazakh uranium ore, seek Russia help to make nuclear fuel

Iran plans to buy 950 tonnes of uranium ore from Kazakhstan over three years and expects to get Russian help in producing nuclear fuel, its top nuclear official said in remarks published on Saturday.


(Russia seeks to avoid sanctions by buying equipment from Iran)


Egypt to receive $1bn World Bank loan in March

Egypt will receive the second $1 billion tranche of a $3 billion World Bank loan in March, Central Bank governor Tarek Amer said on Friday.


Turkey aims for stability before summer

Turkey’s prime minister called on voters on Saturday to back a change to the constitution in an April referendum that would greatly strengthen President Tayyip Erdogan’s powers, portraying the reform as a vote for stability.

(Halic Leasing widens Turkey’s Islamic finance market)



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.