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Upswing seen in Mena’s PE investment activity

DUBAI — New private equity investment activity is expected to significantly increase in the Middle East North Africa region, or Mena, in the coming 12 months with investors increasingly seeking fresh opportunities, a leading business and professional services company said on Tuesday.

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Wall St churns for third day after rally

NEW YORK - Wall Street churned for a third day on Wednesday as positive trends in the housing market offset a cautious outlook from 3M Co but were not enough to drive stocks further after the recent central bank-inspired rally.

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markets

Saudi Arabia may run small budget deficit in 2016

DUBAI - Saudi Arabia, which has been running big budget surpluses on the back of high oil prices, is expected to see those surpluses shrink gradually in coming years and could post a small deficit as early as 2016, the International Monetary Fund (IMF) said.

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Markets unmoved by Bank of Japan easing

markets

Markets unmoved by Bank of Japan easing

LONDON — Japan’s main stock market hit a four-month high Wednesday after the country’s central bank eased monetary policy to shore up fragile economic growth, but the positive momentum ground to a halt in Europe.

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