BLOOMBERG Middle Eastern stocks followed declines across global markets on uncertainty over how Britain’s decision to leave the European Union will affect economies in the region. Dubai’s DFM General Index lost 3.3 percent, the most since January, as Emaar Properties PJSC declined 4.7 percent. Saudi Arabia’s Tadawul All Share Index fell 1.1 percent as more than 85 percent of ...

  Lubumbashi, DR Congo / AFP When 2016 rang in, Divin Lwamba, a street vendor with nine mouths to feed, says he was making up to $300 a day selling samosas in Lubumbashi’s main market. With meat and vegetable samosas flying off his cart almost faster than they were made, Lwamba says he could make enough cash in a single ...

  Bloomberg As markets reel from the U.K.’s surprise decision to leave the European Union, the U.S. may be one of the relatively safer ports in the global storm. The world’s biggest economy may be poised to attract a bit of the growth that would have otherwise taken place in the U.K., according to some economists. Companies looking for havens ...

  AP The British were warned for weeks that a vote to leave the European Union would result in economic pain. Now they’ll find out whether it will. UK financial leaders are scrambling to reassure households, businesses and investors that they can contain the doom and gloom they had predicted in case of a British exit, or Brexit. The pound ...

  Bloomberg Saudi Arabia appointed JPMorgan Chase & Co, HSBC Holdings Plc and Citigroup Inc to arrange its first international bond sale, people with knowledge of the matter said asking not to be identified as the decision isn’t public. The banks declined to comment, while calls to Saudi Arabia’s finance ministry outside office hours weren’t immediately returned. Saudi Arabia is ...

  Bloomberg Demand surged for bitcoin as a safe haven from the British pound, which plummeted after the UK voted to leave the European Union. The pound fell to its lowest in more than 30 years, driving demand for assets such as US Treasuries and gold. Stocks and bonds also fell, amid concerns that the UK’s exit from the European ...

  Bloomberg Marc Lasry, chairman and chief executive officer of hedge fund firm Avenue Capital Group, told Fox Business Network that the Federal Reserve is likely to hold interest rates steady after British voters’ decision to leave the European Union. “I don’t think the Fed’s going to raise rates right now,” Lasry told the business-news channel, according to excerpts from ...

  AP A new Chinese-led development bank has approved its first loans and expects to suffer no impact from Britain’s vote to leave the European Union, the bank’s president said Saturday at its first annual meeting. The Asian Infrastructure Investment Bank, launched in January with 57 member governments, already has received expressions of interest from possible additional members, said Jin ...

  Dubai / Emirates Business Smart Dubai Government Establishment (SDG), in co-operation with a number of its strategic partners in government entities, has organized a brainstorming session titled “Challenges of connected services” as part of its innovative activities and its efforts for developing government shared services, which are offered in partnership or collaboration with several government entities to ensure sustainable ...

  Dubai / Emirates Business The Telecommunications Regulatory Authority (TRA) received a total of 1,300 mobile applications participating this year at the second edition of the ALECSO Apps Award, a mobile app development competition launched by the Arab League of Educational, Cultural and Scientific Organization (ALECSO). TRA said its efforts to promote the event incorporation with ALECSO, have resulted in ...