Bloomberg Oman plans to sell $2 billion of Islamic bonds this month as it seeks to trim a large budget deficit caused by lower oil revenue, Finance Minister Darwish Al Balushi said. The crude exporter’s budget deficit will reach 12 percent of economic output this year and it will continue to narrow in the coming years, Al Balushi said in …

Bloomberg European governments preparing for a looming round of major summits with Donald Trump are resigned to the fact that they will just have to learn to deal with a US president whom they see as increasingly erratic. As Donald Trump’s White House struggles to extricate itself from an almost daily cycle of controversy, government officials in three European capitals …

Bloomberg President Donald Trump has decided not to immediately move the U.S. embassy in Israel to Jerusalem, a senior White House official said, violating a campaign promise but avoiding a provocation that could drive Palestinians away from peace talks. The official said the administration considers its discussions with both the Israeli government and the Palestinian Authority to be promising, with …