Bloomberg Brent crude rose as tensions between the US and OPEC member Iran escalated, stoking concern that the spat will lead to supply disruptions. The global benchmark climbed as much as 2 percent as US President Donald Trump said there will be unspecified “consequences” if the Islamic Republic threatens the US, after President Hassan Rouhani warned Trump not to block …

ABU DHABI / WAM The United Arab Emirates (UAE) welcomes the decision of the International Court of Justice (ICJ) on July 23 in regards to Qatar’s request for Provisional Measures under the International Convention on the Elimination of all Forms of Racial Discrimination. The ICJ refused to grant any of the Provisional Measures specifically requested by Qatar. By a very …

Bloomberg Saudi Aramco, the world’s largest oil company, is lining up banks to raise money to acquire as much as 70 percent of chemical producer Saudi Basic Industries Corp. in a deal that could value the stake at about $70 billion, according to people familiar with the matter. Some of Wall Street’s biggest lenders are offering Aramco loans for the …