Category: Semafor

A Chinese Long March rocket carrying a communications satellite exploded shortly after liftoff Monday, the “workhorse” rocket family’s second failure this year, as Beijing races to achieve launch parity with the US. The mission would have marked an acceleration, with a record 12 days between launches. Beijing and Washington are ...

The Japanese yen has already erased half the gains that came from the historic US-Japan currency intervention, raising questions over the efficacy of the maneuver and whether more currency moves may be needed to stop the yen’s slide. It’s “going to take more” to create a sustained upswing, a Russell ...

The risk of the Yemen war fully reigniting is growing, following a series of strikes by the Iran-backed Houthis on targets inside the country and across the border in Saudi Arabia. The Houthis fired on the southern Saudi region of Najran last week and on Saudi Aramco’s Jazan refinery on ...

ADNOC Gas hasn’t been able to export much liquefied natural gas or other products since late February, but the company has remained profitable and kept its investment plans intact thanks to domestic demand. The listed unit of Abu Dhabi’s state-owned energy company reported a 52% decline in second-quarter profit to ...

Emaar, whose buildings dot the Dubai skyline, booked a 21% rise in revenue in the first half of the year, despite a slump in new property sales. The developer attributed the 42% dip in new sales to fewer launches compared to last year. Data from the wider market tells a ...

DP World is expanding in Western Europe, as demand grows for specialized warehousing and more routes during a fragile time for global supply chains. The Dubai-owned logistics giant plans to build a logistics hub in the Port of Antwerp, set to cost up to €100 million ($116 million), focused on ...

Soaring pet ownership has left Abu Dhabi trying to get a tighter leash on the issue. Its solution: mandatory pet registration. A grace period for databasing dachshunds and dalmatians ended earlier this year and failure to register a prize pooch with the Department of Municipalities and Transport can now cost ...

The News Africa’s dealmakers are betting that the continent’s capital markets are entering a new phase, with a burst of IPO and M&A activity kicking off with Aliko Dangote’s anticipated $5 billion listing of his refinery on the Nigerian Exchange. “The Dangote IPO has got everyone very excited,” Yemisi Deji-Bejide, ...

The News The Democratic Alliance promised an end to political appointments in public administration as the second-largest party in South Africa’s ruling coalition aims to capture the country’s economic heartland in upcoming local government elections. The polls represent the first major electoral test for Cape Town Mayor Geordin Hill-Lewis, who ...

President Donald Trump is struggling to find a way out of the conflict with Iran, as voters lose patience with the war and weapons stockpiles dwindle. The path forward remains unclear, even as Trump has privately weighed dropping his long-held requirement for a nuclear deal. Washington is unlikely to accept ...