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Daily brief: Snapchat opens Dubai office, US travel ban still in court

Snapchat Inc opened its first Middle East offices in Dubai’s Internet City, headed by General Manager Hussein Freijeh. Here are the top seven business stories you need to know today.


UAE launched future foresight platform

The UAE has launched a smart and interactive electronic platform online to support its efforts to spread a culture of foresight and awareness in preparation for the challenges ahead.

The UAE future foresight platform will provide scientific content and knowledge to all those interested.


Oil slows on US fuel inventory, stalling China demand

Oil prices dropped on Wednesday to extend falls from the previous day, as a massive increase in U.S. fuel inventories and a slump in Chinese demand implied that global crude markets remain oversupplied despite OPEC-led efforts to cut output.


(Dubai oil major plans expansion after record sales volume in 2016)


Halic Leasing widens Turkey’s Islamic finance market

Istanbul-based Halic Leasing is expanding its sharia-compliant business portfolio to tap demand from small businesses, the latest sign that Turkey’s Islamic finance market is growing beyond traditional banking services.


Iran raises March crude prices for loading to Asia

Iran has set the March official selling price (OSP) for its Light grade for Asian buyers at 35 cents a barrel above the Oman/Dubai average for March, up 30 cents from the previous month.


UAE Ministry of HR and Emiratisation announced national programme for private sector

The Ministry of Human Resources and Emiratisation announced a series of policies under a comprehensive national training programme for registered citizens seeking private sector employment.

The program will aim to achieve the government’s strategic goals under a wider national agenda.


Snapchat opens first Middle East office in Dubai

Snapchat Inc., the company behind the popular photo and video app Snapchat, opened its first Middle East office in Dubai to target regional markets.

Located in Dubai Internet City, the new office is headed by General Manager Hussein Freijeh, who was previously with Yahoo-Maktoob.


(Ex-Yahoo head Freijeh to lead Snapchat in Dubai)


US travel ban still in court

A federal appeals court heard deliberations about an executive order issued by President Donald Trump to ban travellers from seven countries from entering the United States.e

A judge had suspended the executive order less than one week after its release, and the court said it would issue a ruling as soon as possible.


(Technology firms to urge Trump to alter U.S. travel ban)


(With Reuters)