REUTERS Arab National Bank, Saudi Arabia’s seventh-largest lender by assets value, reported a 2.8 percent fall in first-quarter profit, but still beat analysts’ forecasts. Net profit in the three months to March 31 was 749.2 million riyals ($199.8 million), compared to 770.6 million riyals in the corresponding period of the previous year, it said in a bourse statement. Four ...

  Bloomberg CDC Group Plc is seeking to purchase a 10.68 percent stake in I&M Holdings Ltd. of Kenya through a private share transfer, the lender said. The UK-based development finance institution entered into a conditional agreement to buy shares held by Deutsche Investitions- und Entwicklungsgesellschaft and Proparco, which have 6.25 percent and 4.43 percent respectively, according to a statement ...

BLOOMBERG No sooner will Mario Draghi return from his summer vacation than he’ll be looking to boost euro-area stimulus yet again, economists predict. Despite unprecedented measures by the European Central Bank (ECB) president so far, a survey of 47 analysts who cover the institution showed more than 60 percent think he isn’t yet done. The most likely date for fresh ...