z Bloomberg Discount clothing chain Primark is betting that opening more and bigger stores will drive sales gains, bucking a trend in which competitors are scaling back their bricks-and-mortar presence. The apparel brand, owned by Associated British Foods Plc (AB Foods), expects new stores in the US and Europe to propel sales for the full year. The strategy runs counter …

Abu Dhabi / WAM The governments of the United Arab Emirates and the Kingdom of Saudi Arabia have welcomed the response by the Legitimate Government of Yemen and the Southern Transitional Council, on the Kingdom’s call for dialogue, saying it is “a major and positive step” towards ending the recent crisis in the governorates of Aden, Abyan and Shabwa. The …

Bloomberg Saudi Arabia’s King Salman dismissed Energy Minister Khalid Al-Falih and replaced him with one of his sons, putting a royal family member in charge of oil policy in the world’s largest crude exporter for the first time. Prince Abdulaziz bin Salman, a longtime top Energy Ministry official, is an older half-brother to the Crown Prince Mohammed bin Salman. Analysts …