Bloomberg Saudi Oger Ltd. reached a preliminary agreement to sell its 20 percent stake in Jordan’s Arab Bank Plc to Fawaz Al Hokair Group for about $1.1 billion, according to people familiar with the matter. The two family-owned companies plan to make a formal announcement after receiving regulatory approval, the people said, asking not to be identified as the ...

  Bloomberg The crisis sparked by the shortage of cash in India following Prime Minister Narendra Modi’s anti-graft measure to ban high-value currency bills has hit the movement of goods in Asia’s third-largest economy. More than half of an estimated 9.3 million trucks under the All India Motor Transport Congress have been affected as drivers abandon vehicles mid-way into their ...

  Bloomberg Shipping companies are threatening to scrap their Pakistan services after the South Asian country increased tariffs at its largest port in a blow to an industry that is already grappling with global overcapacity and low freight rates. Hyundai Merchant Marine Co. is “seriously considering” dropping deployment of larger vessels in Pakistan, the South Korean company wrote in a ...