Bloomberg Oil climbed near $45 a barrel after Algeria said OPEC may turn its informal talks next week into a formal session and as weekly industry data showed U.S. crude inventories declined. November futures rose by as much as 2.5 percent in New York. OPEC ministers can transform the gathering into an extraordinary meeting since they will all be …

  Reuters Saudi Binladin Group (SBG) has requested a second extension on an 817 million riyal ($217.9 million) Islamic loan being used to fund construction at the kingdom’s Grand Mosque, sources aware of the matter said. The talks to delay the loan repayment, originally due to mature on July 15, came after the Saudi government failed to fully reimburse the …

Bloomberg OurCrowd Ltd., a website that connects investors to a pool of mostly Israeli and U.S. startups, said it raised $72 million to expand its operations and invest in other businesses. Jon Medved, the chief executive officer and co-founder of OurCrowd, said the new funds will be split evenly between the venture arm and the company itself, which plans to …