Italian fashion house Valentino, owned by Qatar's Mayhoola for Investments, has offered 500 million euros (400.42 million pounds) to buy Pierre Balmain, French newspaper Les Echos reported citing sources.

Iran is seeking $2.5 billion investment to modernize its oil tankers fleet following the lifting of sanctions against Tehran, managing director of National Iranian Tanker Company (NITC) was quoted as saying by state news agency IRNA.

A federal court in New York fined two United Arab Emirates residents more than $2.6 million to settle charges of "spoofing" in the gold and silver futures markets and permanently banned them from trading, the Commodity Futures Trading Commission said.

Saudi Arabia is expected to sign a $20 billion deal to finance Egypt's petroleum needs for the next five years and a $1.5 billion deal to develop its Sinai region, two Egyptian government sources told Reuters.

Al Jaber Group missed a March repayment on its $4.5 billion restructuring, three sources aware of the matter told Reuters, adding pressure on the Abu Dhabi-based conglomerate to quickly secure a new debt deal to save it from collapse.

U.S. Department of Justice officials have asked Deutsche Bank AG and JPMorgan Chase & Co to provide details on their dealings with 1MDB, as global investigations into the troubled Malaysian state fund widen.

Standard Chartered, struggling to recoup a $1 billion loan extended to one of Indonesia's richest men, has hit fresh trouble after a Jakarta court excluded it from a key creditor list and raised doubts over the validity of the underlying deal.

Indonesia's finance minister said the tax office will examine tax reports of the Indonesian offices of four Internet-based companies to check whether they have been paying correctly what they owe.

Iraq's telecommunications regulator has revived a complaint against the local unit of Kuwait's Zain which could involve the imposition of a $100 million fine on the company, Zain said in a statement to the Kuwaiti bourse.

Thai junta chief Prayuth Chan-ocha said he was ready to step in and resolve a fourth generation (4G) mobile licence dispute by using a law critics have strongly derided.