Saudi Arabia’s Public Investment Fund is planning to sell a 15 percent stake in the National Commercial Bank, the kingdom’s biggest bank by assets, in an initial public offering, Chairman Mansoor Al Maiman said in a phone interview.
Hariga, the biggest oil terminal in east Libya run by the central government, can’t export because gunmen nearby pose a threat to tankers, the port’s inspection and measurement coordinator said. Curbs on the sales helped lift crude prices to a six-month high last year.
Iraqi forces backed by aircraft and Sunni tribal militias launched assaults to expel al-Qaeda-linked militants from two key towns in Anbar province after they seized police stations and other buildings.
Yemeni President Ali Abdullah Saleh will return to his country on July 17, according to an unidentified official cited by Al Arabiya television, which also reported from Syria that seven people were killed at a funeral near Damascus.
Few goods transit the desert border between the Middle East’s two biggest oil producers, and Saudi authorities have built a fence to help ensure that political instability in Iraq doesn’t cross over either.