Baring Private Equity Asia Ltd., which agreed to invest as much as $100 million in Global Indian Schools Holdings Ltd., was accused of conspiring to prevent the educational services provider from making profitable acquisitions in order to seize control.
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.
NBK Capital, the private-equity unit of National Bank of Kuwait SAK, hired Perella Weinberg Partners LP as adviser to sell its stake in a Saudi consumer- finance company, two people familiar with the matter said.
Dubai’s benchmark stock index fell the most in a month, tracking a decline in global markets last week, on investor concern this year’s rally was overdone given prospects for earnings growth. Saudi Arabia’s gauge dropped.
OPEC, which supplies 40 percent of the world’s oil, will accommodate additional output from members Iraq, Iran and Libya, Secretary-General Abdalla El-Badri said, without explaining how it will do so under the group’s ceiling.