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Daily brief: GCC body to discuss Trump Gulf policy, Iran finds oil reserves

The GCC Political Affairs and Negotiation Department will discuss US President-elect Donald Trump’s policies for the Gulf in Riyadh later this week. Here are the top seven business stories you need to know today.


Dubai’s DAMAC Properties expects to maintain 25% dividend – CFO

Dubai’s DAMAC Properties expects to maintain its 25 per cent cash dividend policy for 2016 despite profit declines in the first three quarters, its group chief financial officer said on Sunday, Reuters reported.


(Dubai’s Damac Properties Q2 net profit drops 37.4 per cent)


UN chief concerned Iran may have violated arms embargo: Report

The United Nations chief expressed concern to the Security Council that Iran may have violated an arms embargo by supplying weapons and missiles to Lebanese Shi’ite group Hezbollah, according to a confidential report, seen by Reuters on Sunday.


ArabPlast 2017 opens in Dubai

ArabPlast 2017, the largest plastics, petrochemicals and rubber industry exhibition in Mena, the Middle East and North Africa region, opened in Dubai on Sunday. The industry exhibition is held at the Dubai World Trade Centre till January 10.


Iran says finds shale oil reserves in western province

Iran has found significant shale oil reserves in the country’s western Lorestan province, a research and exploration official at the National Iranian Oil Company (NIOC) was quoted as saying on Sunday.


(Iran capitalises on OPEC oil cut to sell millions of barrels,  sources say)


Dubai Business Women Council partners with United UN Compact UAE

The Dubai Business Women Council, DBWC, the official representative organisation for professional business women and female entrepreneurs working in Dubai, has announced a partnership with the United Nations Global Compact UAE Local Network, UNGC.


Local ship maker’s yachts to meet Dubai Water Canal requirements

UAE-base yacht and boat builder, Gulf Craft, announced that all fly-bridge motor yachts that it manufactures for the UAE market will meet Dubai Water Canal requirements.


(UAE Gulf Craft awarded best Asian Built Yacht)


GCC body to discuss Trump’s Gulf policies ahead of inauguration

The GCC Political Affairs and Negotiation Department will organise a session to discuss US President-elect  Donald Trump’s Gulf policies, in on Tuesday in the Saudi capital of Riyadh.


(President Donald Trump: Middle East leaders react)