Air Arabia PJSC filed a lawsuit against Abraaj founder Arif Naqvi, becoming the first publicly-traded company to initiate legal proceedings against the Pakistani entrepreneur.
Oil retreated near $52 a barrel as investors assessed surging U.S. production against output curbs pledged by some of the world’s top suppliers.
Angola’s central bank, which revoked two lenders’ banking licenses this month, will shut down more institutions if they fail to meet minimum capital levels amid an asset-quality review, Governor Jose Lima de Massano said.
Tencent Holdings Ltd. will soon release a test version of a Game of Thrones game for smartphones, after winning exclusive Chinese rights to distribute the title based on the mega-popular TV series.
His ideas were initially dismissed as “folly,” but today Vanguard has $5 trillion under management.
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