Bloomberg Shoprite Holdings Ltd will look to cut costs outside its home market as Africa’s largest food retailer battles currency shortages and stricter regulation in several countries. The owner of supermarket chains such as Checkers and U-Save has been growing in 14 territories outside South Africa to become a continent-wide superpower, but factors such as inflation — particularly in Angola …

RIYADH / WAM The joint forces of the Arab Coalition supporting the legitimate government in Yemen launched a military operation on Houthi military targets, including caves used by the militia to store ballistic missiles, drones and weapons, reported the Saudi Press Agency (SPA). Colonel Turki Al Maliki, the Coalition’s official spokesman said the forces carried out 2,256 hours of military …

Bloomberg Saudi Aramco has picked Lazard Ltd. and Moelis & Co. to advise on the oil giant’s second attempt at the world’s largest initial public offering, people with knowledge of the matter said. The boutique investment banks have started preparatory work on the offering, according to the people, who asked not to be identified because the information is private. They …