The trigger of Article 50 is the event traders have been waiting for since the U.K. voted to leave the European Union. Yet as Prime Minister Theresa May approaches her end-March deadline for launching Brexit, there is no consensus on what it means for markets. The pound has slumped 18 percent and the country’s benchmark equities index has rallied ...

  DUBAI / Reuters Speculation over a possible merger between Dubai-based Shuaa Capital and Bahrain’s GFH Financial spurred heavy turnover in their shares on Monday, while the banking and insurance sectors dragged the Saudi Arabian stock index lower. Shuaa climbed 3.2 percent to a seven-year closing high of 1.93 dirhams, bringing its gains to 18.4 percent since Sunday. The Dubai-listed ...

  Bloomberg For sale: stakes in oil fields. Bids from world class energy companies preferred. Pipelines and terminals associated with the deposits only blown up about a dozen times in the past year. Deal may depend on crude prices. Nigerian President Muhammadu Buhari’s government on March 7 proposed a plan to jump start the economy by, among other things, selling ...