Dubai / Reuters Stock markets in the Gulf trod separate paths on Monday, with Saudi Arabia’s market lagging while the two main markets in the United Arab Emirates held on to small gains. Riyadh’s index was down 1.2 percent after an hour of trade amid a sell-off in petrochemical shares after oil prices weakened. Brent oil was down 0.9 …

  Dubai / Bloomberg Dubai investor Selim Fendi plans to open Monaco’s first gold refinery in early 2017 to meet demand from local and global jewelers looking to make sure they aren’t using metal from conflict areas. Aurum Monaco SAM will produce up to 1 metric ton of gold a month in its first year, with capacity to boost that …

  Bloomberg Nigerian policy makers may be about to loosen their stranglehold on the nation’s currency. The central bank of Africa’s biggest economy will decide on Tuesday on whether to adjust borrowing as evidence mounts of a looming recession. Barclays Plc, Goldman Sachs Group Inc. and Renaissance Capital Ltd. are among banks predicting it will also introduce a de facto …