The flash of purple abayas at a conference in Saudi Arabia’s second-largest city, Jeddah, was more than a fashion statement. It’s a sign of the changes Jeddah is embracing as King Abdullah slowly loosens restrictions on women in his conservative land.
India’s state-run companies need greater autonomy and less political interference, according to the head of its second-biggest steelmaker, speaking ahead of elections that could deliver a change in government.
Fidelity Investments, the second- largest mutual fund company, is exploring the creation of a U.S. stock trading venue along with other investors to address perceived flaws in the $23 trillion U.S. equity market.
Al Masah Capital Management Ltd. is setting up a fund to invest in the increasing number of initial public offerings from companies in the Gulf Cooperation Council and South East Asia, Chief Executive Officer Shailesh Dash said.