The U.S. ordered an aircraft carrier to head into the Arabian Gulf as President Barack Obama weighs options on how to aid Iraq’s Shiite-led government in its fight against Sunni militants threatening to re-ignite sectarian conflict in OPEC’s second-largest oil producer.
Iraqi military helicopters attacked positions held by Sunni Muslim militants north of Baghdad as the U.S. moved an aircraft carrier into the Persian Gulf for possible air strikes to support the Shiite-led government.
Emirates, the No. 1 airline by international traffic, said its drive to add new routes using the world’s biggest fleet of wide-body jets is being frustrated as foreign carriers lobby governments to limit market access.
National Bank of Kenya Ltd. will raise as much as 10 billion shillings ($119 million) in a rights offer to fund an expansion plan as it seeks to quadruple revenue by 2017, Managing Director Munir Sheikh Ahmed said.
Dubai’s government is considering issuing bonds again this year and selling stakes in its companies to the public as the real estate industry spurs an economic recovery, the emirate’s top finance official said.
Dubai, which needs to repay $20 billion to Abu Dhabi entities next year, will meet its obligations and isn’t negotiating with its neighbor to roll over the debt, the emirate’s top finance official said.