The U.S. and its allies will expand backing for Syrian rebels and consider all options short of deploying American troops if diplomacy doesn’t halt a bloody civil war, U.S. Secretary of State John Kerry said.
Two United Arab Emirates banks raised $1.3 billion from bonds sales and Morocco plans to boost the size of its existing dollar-denominated notes as Middle East issuers take advantage of falling borrowing costs.
Qatar’s central bank governor said his country hasn’t changed its support for pegging the riyal to the U.S. dollar after Reuters reported that the bank’s director of research urged a more flexible exchange rate.
Dubai and Qatar deserve to be upgraded to emerging-market status at MSCI Inc. next month, T. Rowe Price Group Inc. said, after the emirates failed to satisfy the index provider’s requirements for four years.
Mediclinic International Ltd., South Africa’s largest private-hospital owner by market value, said fiscal full-year sales advanced 12 percent on higher patient numbers and rising average income per stay.