Daily brief: Saudi Aramco inks China deal, ministry launches ‘Dubai-Opoly’
Saudi oil giant Aramco signed a contract with a Chinese oil refiner to supply crude in 2017. Here are the top seven business stories you need to know today.
Dollar hits 2-week high yen after US-Japan meet
The dollar rose to a two-week high versus the yen on Monday, with the market breathing a sigh of relief as the closely watched two-day US-Japan summit held over the weekend was seen to have ended smoothly.
Saudi government approves 92bn riyals support for agriculture, water, environment
Saudi Arabia has approved financial support for the environment, water and agriculture sectors worth 92 billion riyals ($24.5 billion) to help them meet their goals under the government’s 2030 economic plan, the minister handling the sectors said on Sunday.
New floating platform at Libya’s Bouri field loads first tanker, NOC says
A new floating storage and offloading (FSO) platform has loaded a first tanker with oil from Libya’s offshore Bouri field, the National Oil Corporation (NOC) said on Sunday.
Foreigners support rally on Egyptian treasuries, pushing yields lower
Foreign investors supported a rally on the Egyptian debt market, pushing the yields on the three-month and nine-month treasury bills lower on Sunday.
Saudi Aramco inks first oil contract with China’s Huajin
State oil giant Saudi Aramco has signed a contract with Chinese oil refiner North Huajin Chemical Industries Group Corp to supply crude in 2017, two sources with knowledge of the matter said on Monday, according to Reuters.
IMF stresses need for economic diversification
A focus on resilience, which includes economic diversification, is key for governments to prepare themselves in these uncertain times, said Christine Lagarde, Managing Director of the International Monetary Fund, during a session in which she spoke at the fifth World Government Summit in Dubai.
Dubai-Opoly board game launches
Dubai Chamber of Commerce and Industry announced that it has launched “Dubai-Opoly”, a new recreational game as part of its efforts to promote Dubai as a global hub for business and trade.