Bloomberg Libya’s government appointed a steering committee to head the country’s $60 billion sovereign wealth fund, where rifts have hindered efforts to unite financial institutions in the fractured North African oil exporter. The Libyan Investment Authority’s temporary five-member committee will be headed by one of the fund’s former directors, Ali Mohamed Hassan, according to a statement issued by the ...

  Bloomberg Israel’s faltering industry of tech startups is facing another hurdle amid mounting questions regarding government commitments to funding young companies. A senior official in the technology industry said the chief scientist’s office didn’t receive a 240-million-shekel ($63.5 million) round of additional funding to finish the year as had occurred in the past. Without this sum, which is 15 ...

  Bloomberg The rally in Qatar’s stock market may have been too strong for its own good. The QE Index’s world-beating 2.2 percent advance left it about 7 percent above the average of analysts’ price targets, the most among more than 70 gauges tracked by Bloomberg. The measure’s 14-day relative strength index was at 79 points, above the level of ...