Bloomberg Brazilian companies have figured out where to invest amid a political crisis and rocky economy: anywhere but Brazil. Industrial machinery maker WEG SA said 75 percent of its investments this year will be in operations outside the country. That compares with 80 percent of total investments in Brazil three years ago. In the past two months, the Jaragua …

  Dubai / Reuters Gains for global equity and oil markets boosted Gulf bourses on Wednesday with Saudi petrochemical shares and Dubai real estate stocks leading the gains. Riyadh’s index rose 0.6% in modest volume as Saudi Basic Industries, the largest petrochemical producer, climbed 1.2%. Saudi Cement added 2.0% after the company said it had sold its 40% stake in …

  ALKESH SHARMA / Emirates Business Weakening consumer sentiments and dwindling markets have started taking a toll on various trades in the Middle East region. The mobile phone industry is also experiencing much of the heat, with a recent survey report citing that shipments of phones have declined by over 10 percent during the first quarter of 2016, compared with …