Oslo / Reuters Norway’s biggest bank DNB must provide a written explanation of its policy of helping clients set up offshore companies in the Seychelles, the Norwegian industry minister said in a statement on Monday. “DNB says this should not have happened and that the bank should not have participated. That I agree to,” Trade and Industry Minister Monica Maeland …

Bloomberg Saudi Arabia is taking an unprecedented hands-on role in housing finance and development as it seeks to re-energize a plan to build more than a million homes and make ownership more affordable. The Housing Ministry plans to create its own development company and start a mortgage-guarantee fund to encourage banks to increase lending, Minister Majed al-Hogail said in an …

Bloomberg Qatari Diar Real Estate Investment Co. is joining U.K. developer Delancey Real Estate Asset Management Ltd. and Dutch pension fund APG Asset Management NV to create a $2 billion home-rental business in London, with properties in the former Olympic athletes’ village and the Elephant & Castle district. The venture, which is subject to regulatory approval, will manage 4,000 homes, …