connections

Saudi-led alliance moves to isolate Qatar over Iran tensions

RIYADH/WASHINGTON (June 5): Saudi Arabia and three other Arab countries cut off most diplomatic and economic ties to Qatar in an unprecedented move designed to punish one of the region’s financial superpowers for its ties with Iran and Islamist groups in the region.

Oil jumped after Saudi Arabia, Bahrain, the United Arab Emirates and Egypt said in statements they will suspend air and sea travel to and from Qatar. Saudi Arabia will also shut land crossings with its neighbor, potentially depriving the emirate of imports through its only land border.

NetLink briefs analysts on $2 bil IPO as fees cut

SINGAPORE (May 11): NetLink Trust, the fibre broadband network provider backed by Singapore’s biggest phone company, started briefing analysts this week ahead of an initial public offering that could raise at least $2 billion, people with knowledge of the matter said.

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