Daily brief: Saudi deputy crown prince to meet Trump, oil hits 3-month low
Saudi Deputy Crown Prince Mohammed bin Salman left Saudi Arabia on Monday for the United States for a visit scheduled to include talks with US President Donald Trump. Here are the top seven business stories you need to know today.
UAE wants closer trade ties with Asia, Africa
The United Arab Emirates, one of the Middle East’s largest economies, wants to expand trade ties with faster growing nations in Asia and Africa, a senior official said on Sunday.
Saudi deputy crown prince to meet Donald Trump
Saudi Deputy Crown Prince Mohammed bin Salman left Saudi Arabia on Monday for the United States for a visit scheduled to include talks with US President Donald Trump, the Royal Court said in a statement carried by state news agency SPA.
Oil prices hit 3-month low
Oil prices dropped to their lowest in three months on Monday despite OPEC efforts to curb crude output, dragged down as U.S. drillers kept adding rigs.
New chairman appointed at HSBC
HSBC Holdings Plc, Europe’s biggest bank, tapped an outsider for its top job on Monday, appointing insurance veteran and AIA Group boss Mark Tucker as chairman to replace Douglas Flint, who plans to step down in 2017.
Britain has Brexit back-up plan if talks fail, minister says
Britain is drawing up contingency plans for the unlikely event it has to walk away from divorce talks with the European Union without a deal, Brexit minister David Davis said on Sunday.
Egypt capital set to grow in 2017
Cairo’s population is set to grow by 500,000 this year, more than any other city in the world, adding to the pressure on an Egyptian economy struggling to recover from six years of political turmoil.
Millennial love for Snapchat extends to the stock
The stock of Snapchat’s parent company has been on a roller-coaster ride since its market debut last week, surging more than 70 per cent from the initial public offering price in the first two days of trading and plunging back down by a quarter since.