Carlyle Group LP, the U.S. buyout firm, said it’s targeting new investments in the Middle East, North Africa and Turkey after agreeing to sell a 30 percent stake in a Saudi Arabian lighting company to Royal Philips NV.
Within 18 months of leaving his trading job to open a lunchtime eatery at the Dubai financial center in 2011, Nabil Al Rantisi was back: selling stocks and rebuilding one of the city’s largest brokerages.
On a chilly evening in December, a 5-year-old mare named Dancing Rain clip-clopped into the ring at Tattersalls, the auction house in Newmarket, England, where buyers of thoroughbred horses from all over the world descend to part with their millions.
Oil demand will be higher in 2014 than previously estimated as global economic growth recovers, the International Energy Agency said. Pressure on supplies will ease in coming months as seasonal consumption dips.