Bloomberg President Donald Trump, under rising criticism for the federal response to hurricane-damaged Puerto Rico, swung from defending his administration’s approach to lashing out at the San Juan mayor for her “poor leadership ability.” The president, in a series of Saturday morning tweets, said Mayor Carmen Yulin Cruz, “who was very complimentary only a few days ago, has now been …

LONDON / Reuters Saudi Arabia plans to further open up its stock market to foreign investors later this year as it seeks to become an international capital markets hub, Mohammed Abdullah Elkuwaiz, chairman of the Capital Market Authority (CMA) said. Qualified foreign institutions (QFIs) were allowed to begin investing directly in Saudi stocks in 2015 and qualification requirements were eased …

Emirates Business Souqplace.com, the first Emirati online marketplace in the UAE, connecting quality SMEs and artisan products, in addition to branded ones to consumers, announces the expansion of its platform to Saudi Arabia. Capitalizing on the upward growth of e-commerce in the UAE and the support it has received over the period of two years, the Emirati e-commerce startup is …