Bloomberg Saudi Aramco has picked Lazard Ltd. and Moelis & Co. to advise on the oil giant’s second attempt at the world’s largest initial public offering, people with knowledge of the matter said. The boutique investment banks have started preparatory work on the offering, according to the people, who asked not to be identified because the information is private. They ...

Bloomberg Oil fell for the first time in three days as US Secretary of State Mike Pompeo fanned the flames of the trade war with China, heightening concerns about economic growth that underpins energy demand. Futures fell as much as 1.7 percent in New York on Tuesday. Pompeo told CNBC that Huawei Technologies Co. and other Chinese companies pose national ...

DUBAI / WAM Travel is expected to reach an all-time high in the upcoming weeks for Emirates Airlines, as the carrier expects yet another busy period with travellers arriving into Dubai after the summer holidays and Eid breaks. Excluding transit passengers, over 500,000 people are expected to arrive into Dubai from August 20 until the beginning of September. Mohammed Mattar, ...