Bloomberg Kenya Airways Plc is willing to operate under a state-owned holding company after the troubled airline failed in its bid to jointly run the country’s main airport, according to Chairman Michael Joseph. Lawmakers in the East African nation are expected to issue alternative proposals, including the possible partial nationalisation of Kenya Airways, after they rejected the airline’s proposal to ...

Bloomberg Oil held near $54 a barrel after Saudi Arabia said it would work with Russia and other members of the Opec+ coalition to prevent a slump in prices. Futures were little changed in New York, after rising 2.7 percent. Saudi Energy Minister Khalid Al-Falih said oil producers would take “preventive steps” to stop prices from diving, after meeting with ...

DUBAI / WAM Dubai Islamic Bank (DIB) is set to acquire Noor Bank, enhancing Dubai’s position as the capital of Islamic economy and creating the region’s most powerful Shari’a banking group. The DIB’s board meeting recommended its shareholders consider the takeover of 100 percent shares of Noor Bank, after obtaining all necessary approvals from the competent regulatory authorities and taking ...