Daily brief: Tunisia to revive economy, South Africa’s MTN expands into Iran
Tunisia is set to host investors in a push to revive the economy. Here are the top business stories you need to know about today.
Saudi government infusing cash into economy, may boost growth, data shows
Saudi Arabia’s government has begun injecting large amounts of money into the economy, which could boost growth at the end of this year after a sharp slowdown due to low oil prices, central bank data showed.
Saudi fund to invest in owner of Kuwait food firm Americana
Saudi Arabia’s top sovereign wealth fund, the Public Investment Fund (PIF), plans to buy a major stake in Adeptio, the Gulf-based investment firm which controls Kuwait Food Co (Americana), the PIF said
South Africa’s MTN Group plans expansion in Iran
MTN Group, Africa’s biggest mobile phone company, is planning to expand in Iran, from where it has only just managed to begin reptratiating profits.
Tunisia hosts investors to revive post-revolution economy
Tunisia is hoping to reverse a decline in foreign investment and shake off some of its post-revolution economic malaise at an international conference that opens on Tuesday.
Shell considering selling its Iraq oil assets: sources
Royal Dutch Shell is considering selling out of its oil fields in Iraq as part of its global $30 billion asset disposal programme, industry sources said on Monday, according to Reuters.
Industry official: GCC petchem industry can become global powerhouse through greater collaboration
GCC petrochemical producers should explore new partnership models for collaboration to collectively capitalise on market access, if they are to become a global industry powerhouse, according to Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO.
T&T unveils TV streaming service ahead of launch
AT&T Inc, the largest U.S. TV provider, unveiled on Monday the pricing and launch date for DirecTV Now, which will stream television programming through the internet to win customers who shun traditional cable and satellite TV subscriptions.