Daily brief: Oil rises on weak dollar, Facebook gets new VR head

January 26, 2017 9:57 am

Stacked pile of newspapers. (Image: Alamy)

Oil prices edged up Thursday, as the dollar continued to weaken over Trump’s protectionism. However, gains were repeatedly capped by plentiful supply. Here are the op seven business stories you need to know today.


Rights group voices fears over Trump refugee plan, torture

U.S. President Donald Trump is “closing the door” on people fleeing Islamic State, and may try to re-open secret detention centres where torture can be used, Human Rights Watch (HRW) said on Wednesday, calling on Congress to intervene.


India and UAE envision partnership for future

The United Arab Emirates and the Republic of India are committed to building a modern strategic partnership based on the two countries’ shared values of religious tolerance and the importance of building open, multi-cultural societies that are respectful of differences related to faith.


(India to partly fill Mangalore strategic reserve with UAE oil)


Oil prices rise on weakening dollar, but plentiful supplies cap gains

Oil prices edged up on Thursday, driven up by a weakening dollar, but gains were capped by plentiful supplies and inventories despite an effort by OPEC and other producers to cut output and prop up the market.


Saudi Arabia’s Sadara Chemical tweets it contains network disruption

Saudi Arabia’s Sadara Chemical Co said on Wednesday it had contained a network disruption it announced two days earlier, according to its official Twitter account.


(ALERT: Deadly Shamoon virus is after Saudi government, companies)


WhatsApp and Facebook are most popular in UAE, reveals Federal Competitiveness Authority

WhatsApp and Facebook are the most popular applications in the UAE, with 97 per cent and 89 per cent, followed by YouTube with 73 per cent, according to The Federal Competitiveness and Statistics Authority, which has revealed the results of a survey about the public use of social media.


Hugo Barra joins Facebook to lead virtual reality business

Facebook Inc hired Hugo Barra to lead all of its virtual reality efforts, including its Oculus team, Chief Executive Mark Zuckerberg said in a Facebook post.

Barra, who recently stepped down as Chinese smartphone maker Xiaomi Inc’s  vice president after three-and-a-half-years, was in charge of global operations and the face of its international expansion.


(Virtual and augmented reality: Four industries leading technology adoption)


Emerging Tech, Data Key To In-Store Retail’s Future

Retailers have to refocus their marketing from driving traffic to stores to closing sales and managing loyalty, according to insiders at the National Retail Federation’s 2017 Big Show, earlier this week in New York City.


(With Reuters)


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.