Daily brief: Saudi Crown prince meets Trump, Zain Kuwait to sell towers

March 15, 2017 10:26 am

Daily brief. (Image: Alamy)

Saudi Arabia hailed a meeting between US President Donald Trump and Deputy Crown Prince Mohammed bin Salman as a “historical turning point.” Here are the top seven business stories you need to know today.


Saudi deputy crown prince, Trump meeting a “turning point”, Saudi adviser says

Saudi Arabia hailed a “historical turning point” in US-Saudi relations after a meeting between US President Donald Trump and Deputy Crown Prince Mohammed bin Salman highlighted the two leaders’ shared view that Iran posed a regional security threat.

S.Korea’s Feb crude imports from Iran jump 54% on year

South Korea’s crude imports from Iran jumped nearly 54 per cent in February from a year ago as Tehran continues to ramp up output after sanctions over its disputed nuclear programme were removed early in 2016.


East Libyan forces recapture oil ports

East Libyan forces said they had regained control on Tuesday of the major oil ports of Ras Lanuf and Es Sider from a rival faction that seized them earlier this month and were pursuing their opponents into the desert.


Citigroup CEO meets Prince Alwaleed to talk Saudi Arabia banking licence, report

Citigroup Inc. Chief Executive Officer Mike Corbat met Saudi Arabia’s Prince Alwaleed bin Talal Al Saud for talks as the U.S. based lender seeks a return to Saudi Arabia after a more than ten-year absence, Bloomberg reported


Zain Kuwait to sell towers

The telecom firm is in the final stages of selling some of the group’s towers in Kuwait. It noted that it is now in discussions with potential buyers.


(Kuwait’s Zain in final stages of selling towers)

Egypt replaces heads of state oil and gas companies

Egyptian Oil Minister Tarek al-Molla has replaced the heads of state oil company EGPC and state gas company EGAS, the Ministry of Petroleum said in a statement on Tuesday.


(Egypt eyes return to pre-uprising tourist numbers – minister)


Kuwait’s Combined Group Contracting secures 72.9m dinars contract

The group secured a 72.9 million dinars contract from Cantral Agency of Public Tender for a five-year project that begins in June 2017.


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.