Daily brief: Trump’s travel ban sparks outrage, Britain’s May in Turkey

January 29, 2017 10:11 am

Stack of newspapers. (Image: Alamy)

US President Donald Trump ordered to restrict people from seven Muslim-majority countries from entering the United States. Here are the top seven business stories you need to know today.


Middle East reacts to travel ban set by Trump

Arabs and Iranians planning U.S. trips reacted with fury on Saturday to new American travel curbs they said were insulting and discriminatory, as five Iraqis and a Yemeni were stopped from boarding a New York-bound flight in Cairo.

For instance, Iran said it will ban US visitors in retaliation to Trump’s move.

(Rights group voices fears over Trump refugee plan, torture)


In visit to Turkey, Britain’s May pushes trade, mentions human rights

British Prime Minister Theresa May signed a $125 million fighter jet deal with Turkey on Saturday and briefly cautioned Ankara on human rights following last year’s failed coup, in a visit squarely aimed at boosting trade between the NATO allies.


Jordan’s Arab Bank group says 2016 net profit rose 20%

Jordan’s largest lender, Arab Bank Group, said on Saturday its 2016 net profit rose 20 per cent to $533 million, saying the results were due to diversified operations and growth in revenue from core banking activities.


Qatar December trade surplus rises, only increase in 2016

Qatar’s December trade surplus increased 21.7 per cent from a year earlier, its only monthly rise in 2016, because of a sharp fall in imports, Ministry of Development, Planning and Statistics data showed on Saturday.


(Qatar investment in Russia to bolster OPEC, non-OPEC ties – Barkindo)


Trump ban on Muslim travelers, sparks outrage

US President Donald Trump ordered to restrict people from seven Muslim-majority countries from entering the United States, sparking outrage amid human and civil rights groups. The president signed the executive order Friday, saying this was a temporary measure until vetting procedures had been put in place.


Turkey’s Erdogan weighs in against central bank rates policy

Turkish President Tayyip Erdogan declared his opposition to the central bank’s interest rate corridor policy in comments reported on Friday and reaffirmed his view that interest rates cause inflation, “not tomatoes, not pepper”.


(Reluctant to hike rates, Turkey’s central bank struggles with lira slide)


Human resources development is UAE’s top focus, Culture Minister says

Investment in human resources and their development is at the heart of the UAE’s national development strategy, declared Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Culture and Knowledge Development.


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.