Reuters Major Gulf stock markets rose on Sunday in line with strength in global bourses at the end of last week, with Saudi Arabia and Egypt leading. The Saudi index rose 0.8 percent points to 7,145, bouncing for a second straight day from technical support around 7,000 points in very heavy trade. Real estate firm Dar Al Arkan, the most ...

Bloomberg China’s banks should increase their capital buffers to pro- tect against any sudden economic downturn following a credit boom, the International Monetary Fund said. In its first comprehensive assessment of China’s financial system since 2011, the IMF recommended “a gradual and targeted increase in bank capital.” In a worst-case scenario, IMF stress tests suggested the country’s lenders would face ...

Bloomberg ICICI Securities Ltd., a unit of India’s largest private-sector lender by assets, has picked arrangers for an initial public offering that could value the company at more than 200 billion rupees ($3.1 billion), people familiar with the matter said. The brokerage arm of ICICI Bank Ltd. selected Bank of America Corp (BofA) and Citigroup Inc. to advise on the ...