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Daily brief: Australia, UAE explore defence ties; first Comic Con in Saudi

Australia and the United Arab Emirates are looking to explore closer defence ties. Here are the top seven business stories you need to know today.


Australia and UAE to explore deeper defence ties, A$1 bln in sales

Australia and the United Arab Emirates (UAE) will explore closer defence ties after a meeting on Sunday between a senior Australian government minister and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan.


Saudi gamers get together at kingdom’s first-ever Comic Con

Saudi Arabia held hosted the first Comic Con event over for the past three days, attracting some 20,000 enthusiasts decked out in costumes and face paint, where robots, video games and giant anime figures filled a tent in the Red Sea city of Jeddah.


Bank of Singapore to use Dubai as base to attract Middle East, Africa wealth

The private banking arm of Singapore’s second-biggest lender OCBC is targeting annual growth of assets of more than 20 per cent from its new office in Dubai, which it aims to use to attract wealthy clients from the Middle East and Africa, its chief executive told Reuters on Sunday.

Saudi’s Samba Financial appoints Rania Mahmoud Nashar as CEO

Rania Mahmoud Nashar has been appointed Chief Executive Officer for the Group, effective 19 February. Rania possesses vast experience in banking for nearly 20 years during which she assumed leadership positions in Samba through the executive career tracking programme.

Dubai Chamber unveils key objectives under 2017-2021 strategy

Dubai Chamber of Commerce and Industry unveiled the key objectives and initiatives outlined under its 2017-2021 strategy during its annual media briefing, which was held on Sunday at the Chamber’s premises.


(What makes Dubai top ‘City of the Future’) 


Grains to dominate GCC’s food import list

As grains and cereals are forecast to dominate the GCC’s food import bill until 2019, the Dubai World Trade Centre (DWTC) has made a strategic move to launch a pulses, grains and cereals segment as one of eight dedicated sectors at the world-leading Gulfood exhibition, which will run from February 26 to March 2 2016.


(Saudi fund to invest in owner of Kuwait food firm Americana) 


Arms deals worth AED4.41 bn struck at first day of IDEX 2017

Arms deals worth Dh4.41 billion were struck on the first day of IDEX, amid hopes of beating the Dh18.3bn achieved two years earlier.