Daily brief: UK must prepare for no-Brexit deal, UAE prints banknotes

March 12, 2017 10:20 am

The United Kingdom must plan for the possibility of not reaching an exit deal with the European Union, a committee of lawmakers. Here are the top seven business stories you need to know today.


National Bank Of Kuwait shareholders approve issued and paid-up capital hike

Shareholders approve issued and paid-up capital increase to 591.7 million dinars from 563.6 million dinars.


Starbucks says boycott threats over refugee hiring hasn’t hurt brand

Starbucks Corp on Friday said its business has not been hurt by a social media boycott campaign started in response to the chain’s promise to hire 10,000 refugees globally over the next five years.


27.7% increase in net profit of Dubai Silicon Oasis Authority in 2016

The authority has registered AED518 million in recurring revenue by end-2016, representing a 9.4 per cent increase compared to 2015. DSOA also earned AED234.7 million in net profit, in 2016, achieving a 27.7 per cent growth over the previous year.


Second plane bought under sanctions deal arrives in Iran

An Airbus A330 airliner arrived in Tehran on Saturday, the second of 200 Western-built passenger aircraft ordered by IranAir following the lifting of sanctions on Iran last year.


(Iran and Azerbaijan to join railways as part of freight route)


India gold recycling plan fails to tempt households

India’s ambitious plan to recycle thousands of tonnes of gold lying idle in temples and households looks to have foundered on concerns over high costs and slight returns, in a blow to government hopes of cutting imports of the metal.


(Mining firms see little appeal in Egypt’s gold exploration terms)


UK government must make plans for possibility of no Brexit deal, lawmakers say

It would be a serious dereliction of duty if the British government failed to plan for the possibility of not reaching an exit deal with the European Union, a committee of lawmakers said in a report published on Sunday.


(Italy referendum: Step 1 to another Brexit?)


First banknote printing facility opens in UAE

The UAE opened its first banknote printing company “Oumolat Security Printing” on Saturday, with Dubai Ruler Sheikh Mohammed receiving the first AED1,000 note printed by the company, bearing the “number 1”.


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.